Mobile phone business owner jailed eight weeks for under-reporting GST
Published on Mar 20, 2015 6:03 PM
By Elena Chong
SINGAPORE - An owner of an online mobile phones and accessories business was jailed for eight weeks on Friday for under-reporting the Goods and Services Tax (GST) collected in his GST returns.
Avan Yong Yan Hwa, 28, was also ordered to pay a penalty of just over $109,000 - three times the amount of GST evaded.
He faced a total of nine charges for tax evasion by under-declaring a total of $53,534 in his returns between December 2011 and September 2012. He pleaded guilty to three charges involving a total GST amount of $36,368.
Investigation showed that Yong, proprietor of HomeGround Trading, had deliberately omitted to account for the GST collected from his customers in nine GST monthly returns for November 2011, and from January to August 2012.
