Ex-IT firm boss jailed 18 weeks and fined $184k over fraudulent GST claims
Published on Jul 21, 2014 11:08 AM
SINGAPORE - A former manager of an IT equipment supplier who made fraudulent Goods and Services Tax (GST) refund claims for $116,000 was jailed for 18 weeks on Monday.
Samuel Sim Choon Hock, 34, was also ordered to pay a penalty of nearly $184,000 - three times the amount involved in eight charges proceeded against him. Some 16 similar charges were taken into consideration.
A district court heard that between Feb 2006 and 2008, Sim inflated the input tax claims and understated output tax on sales in the GST returns of Netlink Alliance, which is no longer in business.
These declarations were made based on the amount of refunds Sim wanted to obtain, and without any documents to back them up.
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