Manager jailed, fined for helping firm evade GST payments
By Claire Huang | Posted: 04 July 2012 1524 hrs
SINGAPORE: The manager of a wholesale trading firm has been sentenced to one week's jail and ordered to pay a penalty of close to S$79,000 for helping his firm make false entries in its Goods and Services Tax returns.
Joseph Tan Seng Beng, 39, overstated the input tax in the GST returns of AFGB Pte Ltd.
These were for the periods ending 31 May 2009 and 30 September 2009.
His act helped the firm fraudulently claim more than S$26,000 in GST refunds.
Tan pleaded guilty to two charges.
He was sentenced to one week's jail on each charge. The sentences are to run concurrently.
Tan was also ordered to pay a penalty of about S$79,000, which is three times the amount of tax undercharged.
He could have been jailed up to seven years, on top of the penalty.
- CNA/wm
