A discovery in the Vuestar Scandal!!!

This was brought up by a fellow member, Zealot, in Arofanatics.com!!!

It's hardly believable.. and could be used as evidence of tax evasion! Looks like its time the authorities did something about it!

Basically to summarise it all, Vuestar bills its so called 'customers' invoices that are inclusive of GST. Example, in the case of Arofanatics.com, they were billed $5000 + 7% GST = $5350. But a check on the IRAS website indicates that there is no known company registered with them!

Anyway, the following was also brought up by Zealot, for offences under the GST legislations:

Offences under GST Legislations:

v) For failure to register, you are liable on conviction to:

- a fine not exceeding $10,000; and
- a penalty equal to 10% of the tax due in respect of each year or

part thereof commencing from the date on which you are required to make the notification or to apply for registration.

ix) For offences in relation to invoices (for which you issue a tax invoice
when you are not authorised under the Act), you are liable on
conviction to:

- a fine not exceeding to $10,000; and
- a penalty of 3 times the amount of tax shown on the invoice.

Or perhaps, there is another company involved here? Looks like there is more then it meets the eye...