Is GST and/or service charge payable for vouchers ?

[Ysc3]

ok, you win a restaurant voucher and you go to this restaurant to use it.

 

say the voucher value is $50 and your total bill is $80.

 

should the GST + SC be calculated from the total $80 or just from the additional $30 of spending ?

[Jman888]

voucher is to offset against total bill, if bill amount is more than voucher, then top up. if less then sorry they still keep the change.

[1fast1]

Every voucher I've seen is like this...

 

With minimum spend clause (minimum spend always higher than voucher face value) - that's minimum bill before GST. Not sure about service charge, but better assume before that also. So it's the sum of the nett menu prices.

 

Without minimum spend clause - above not relevant.

 

In either case, voucher offsets total bill. So bill plus GST plus service charge minus voucher is what you pay in cash or by NETS/CC. If that difference is negative (only relevant without minimum spend clause, obviously), restaurant pockets the voucher in full, you get nothing back.

 

To answer your question directly, voucher only comes into play at the end in offsetting final bill (GST and SC unaffected by voucher).

Edited October 1, 2018 by Turboflat4

[inlinesix]

In short,

$50 voucher = $50 notes.

[Tianmo]

ok, you win a restaurant voucher and you go to this restaurant to use it.

 

say the voucher value is $50 and your total bill is $80.

 

should the GST + SC be calculated from the total $80 or just from the additional $30 of spending ?

 

 

from the total $80. 

 

got voucher or no voucher also is base on $80, then if got $50 voucher,  they will less $50 from your total bill.

 

After that you pay the balance.     

[Ysc3]

like this then my Jack Cars vouchers from them still good ...

 

they gave me a booklet of $50 servicing vouchers.

 

usual servicing is $100 + $7 gst. = $107 total.

 

but when I give them the voucher, the only charge me $50 + $3.50 gst = $53.50

 

then never charge $57.

 

 

 

 

[inlinesix]

like this then my Jack Cars vouchers from them still good ...

 

they gave me a booklet of $50 servicing vouchers.

 

usual servicing is $100 + $7 gst. = $107 total.

 

but when I give them the voucher, the only charge me $50 + $3.50 gst = $53.50

 

then never charge $57.

Total invoice is 107. After voucher, you should pay 57.00.

 

The way they charge created a GST offense.

[1fast1]

In short,

$50 voucher = $50 notes.

Too short.

 

$50 notes can get change or can complain police or MAS.

[inlinesix]

Too short.

 

$50 notes can get change or can complain police or MAS.

[SpencerTan_189050]

First of all let me correct you first, GST is charge base on your spending, so let say you get a bill of 80 dollars after adding in GST your total bill is 85.60 so  after you use your voucher you should pay 35.60.

 

It does not matter whether you use voucher and means no gst it does not work this way.

[Yewheng]

like this then my Jack Cars vouchers from them still good ...

 

they gave me a booklet of $50 servicing vouchers.

 

usual servicing is $100 + $7 gst. = $107 total.

 

but when I give them the voucher, the only charge me $50 + $3.50 gst = $53.50

 

then never charge $57.

The way Jack cars calculate gst is wrong. But they are free to set price and thus you could take it as the servicing cost 50 dollars and was charged 3.50 for gst. So Jack cars accounting book will still be correct as the item bill as charge 50 plus gst.

 

Any people study accountants can clarify?

[inlinesix]

The way Jack cars calculate gst is wrong. But they are free to set price and thus you could take it as the servicing cost 50 dollars and was charged 3.50 for gst. So Jack cars accounting book will still be correct as the item bill as charge 50 plus gst.

 

Any people study accountants can clarify?

 

It depends how much revenue was recorded.

 

If revenue = $50, GST of $3.50 is correct.

 

If revenue = $100, GST of $3.50 is wrong.

 

It should be:

Car Servicing         $100

GST                       $    7

Total                       $107

Less: Voucher        $  50

Payable                  $  57

[Yoongf]

GST is on nett discounted price.

 

https://www.iras.gov.sg/IRASHome/GST/GST-registered-businesses/Working-out-your-taxes/Common-scenarios/Customer/GST-on-Discounts-and-Rebates/

[Ysc3]

GST is on nett discounted price.

 

https://www.iras.gov.sg/IRASHome/GST/GST-registered-businesses/Working-out-your-taxes/Common-scenarios/Customer/GST-on-Discounts-and-Rebates/

hahah !! so jack is correct !!

 

collect how much payment, tax how much.

 

and not collect tax for "money not received".

 

i am going to save the url on my phone and show it to the businesses next time.

 

Edited October 7, 2018 by Ysc3

[Ash2017]

The bottom line is:

 

with all the various taxes including tax over tax (eg your water bill), do we really need GST

 

also if our sovereign funds had been singing double digit profit annually

 

where is the research (hard copy) that we need GST

 

 

I am not against GST but if there is a need then by all means go ahead

 

but please somebody has to stop spreading that GST helps the poor, in fact it is killing the poor.

[inlinesix]

hahah !! so jack is correct !!

 

collect how much payment, tax how much.

 

and not collect tax for "money not received".

 

i am going to save the url on my phone and show it to the businesses next time.

 

Voucher is not discount.

 

Edited October 7, 2018 by Davidtch

[Yoongf]

24% of govt revenue comes from GST. Its a stable and progressive tax. Unlikely can do away with.

 

https://www.google.com.sg/amp/s/www.businesstimes.com.sg/government-economy/iras-collected-s47b-in-tax-revenue-in-fy2017-up-nearly-5-from-a-year-ago%3Famp

 

“GST helps the poor” by not taxing their income and allows them to manage their consumption taxes. However, it takes a lot of discipline and brains to manage consumption. Some even choose to pay more tax by voluntarily smoking.

 

Its not a perfect system but at least it’s within our control, if we choose to manage it.

[Yoongf]

hahah !! so jack is correct !!

 

collect how much payment, tax how much.

 

and not collect tax for "money not received".

 

i am going to save the url on my phone and show it to the businesses next time.

Actually cannot assume this method is applicable for all businesses, especially when the discount or cash voucher is not from the seller itself, ie.. credit card promo voucher.

For shops like watsons, which carry a lot of consignment goods that dont belong to them, their backend accounting system will be very complex if based on “as charged” GST collection.