Starting from May25 I will keep my receipts till Dec25

[Shion]

To calculate how much GST I have paid on all my expenses/purchases

 

[GoneNuts]

Erh then how u account for the "invisible gst" at hawker or wet market?

 

[CCCustom]

To calculate how much GST I have paid on all my expenses/purchases

Now then keep got what use?

Should have kept them since the 1st batch of price increases in the Q4 of the year before the 1st % increase, compare against the price increases after that 1st % came into effect … and then the price increases before the 2nd % increase, compare these 3 against the price increases after the 2nd % increase came into effect.

 

[Shion]

Erh then how u account for the "invisible gst" at hawker or wet market?

ownself calculate the gst amount incurred

 

[parchiao]

I doubt those people who buy big ticket items like cars will get back the chicken.

 

[Ye_Rongtian]

Please keep a spreadsheet and post here your monthly update. Include your salary.

 

[yesman2978]

To calculate how much GST I have paid on all my expenses/purchases

I think the value of doing this, is not to track gsr paid

After all, to calculate, just use take your total spending and calculate 9%

Nore useful to track the rise in prices of things

 

[fatscaryuncle]

Spoken like a true accountant ah

 

[Dr Stephen Strange]

To calculate how much GST I have paid on all my expenses/purchases

ownself calculate the gst amount incurred

Whats the use? After 3rd May, the G will be back to their old ways. Even if you confirmed you paid more than what you get, the G will di siao di gong for another 5 years.

 

[fire]

Remember to photocopy them as well... Ink on receipts tend to fade to oblivion over time

 

[DragonFire]

I doubt those people who buy big ticket items like cars will get back the chicken.

That's the idea no? Those who choose to buy expensive things end up footing the majority of the tax.

Of course, this includes expensive medicine and hospital fees... which I believe should be excluded if the bill originates from a Class C or even Class B inpatient.

 

[deathan9el]

receipts if kept for too long, the print will fade away

 

[parchiao]

That's the idea no? Those who choose to buy expensive things end up footing the majority of the tax.

Of course, this includes expensive medicine and hospital fees... which I believe should be excluded if the bill originates from a Class C or even Class B inpatient.

I do not agree with GST to begin with.

On the point of paying GST when buying cars, it is just taxing on something that has already been taxed.

And GST does not make sense as we already paid income tax, now still have to tax when we spend it.

GST should be scrapped in favour of higher taxes on income, capital gains upon realisation and luxury goods. After all, the issue is that the govt is having an issue with wealth inequality.

 

[GenXYZ]

I think the value of doing this, is not to track gsr paid

After all, to calculate, just use take your total spending and calculate 9%

Nore useful to track the rise in prices of things

I think there should be a community effort where we track the price of supermarket goods all through the years INDEPENDENTLY. User just upload their receipt and system will store the price details so we can see which items climb the most after 5 years for eg. No need to use govt data.

 

[swenson]

So ma fan!

Just work out how much you spend on every month:
eating and groceries
Insurance
Clothing (not your Armani or Gucci)
Utilities
basic phone and internet plans
Other basic needs

multiply by 0.01

That will be the impact of the increase in 1% from 8%-9%
(You cannot use the full 9% to calculate, because the 8% is from previous years)

So if CDC vouchers S$200 for 1 year equivalent to 1% raise in GST for household spending of S$20k/year for basic needs

Of course still have the cash payout, Senior bonus, medisave topups, U-save rebates etc etc
Lower and middle income got extra permanent GST voucher scheme
(all info taken from ChatGPT)

​

Do not use for big ticket items like car purchase, Rolexes, Apple phones, Air tickets, hotel bookings etc because it will be considered that you are under the top 50% earner liao

Shan ge very smart one, they will define that since you can afford the 'luxury' items, you can afford the 1% raise, they are not considered 'basic needs'

For most edmwer, definitely GST rebates from the CDC vouchers not enough one

 

[diequick]

To calculate how much GST I have paid on all my expenses/purchases

May 1st. Note starting bank balance. All in/out thru same acct. 31st Dec note balance. Difference is what you spent. Assume all kena GST, apply 9%. Of cos, if u go JB/overseas gai gai, remove that amt.

Isnt this a bit bit easier?

 

[ridiculous?]

Park the......

 

[Travis_Touchdown]

To calculate how much GST I have paid on all my expenses/purchases

no point rahz... the erection result would hab been out riaoz... chiu calculate chiur gst paid till dec only make chiurself even more unheypi...

juz get a cashback credit card ish can reduce the gst paid riaoz rohz...

 

[orpisia]

Agar agar is how much

 

[The_Davis]

U eligible for GST vouchers?

To calculate how much GST I have paid on all my expenses/purchases