Furniture retailer fined for not including GST in prices

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A furniture retailer has become the first to be fined for not including the Goods and Services Tax (GST) in the prices of its items on display and in advertisements.

Silver River Furniture was fined S$4,000 today on four counts of not complying with GST regulations on price displays. Two other similar charges were taken into consideration.

The authorities found two of Silver River Furniture's advertisements in a local English daily in January and February with small print stating "all prices exclude delivery and GST".

Prices of goods in the showrooms also excluded the GST.

GST-registered businesses like Silver River Furniture have to show GST-inclusive prices on all displays, advertisements, publications and even written or verbal quotations to the public.

The only exception would be businesses in the hotel and food and beverage industries for goods and services that are subject to service charge.

The furniture retailer failed to comply with the GST price display requirements, even though it had been warned several times.

The maximum penalty is a fine of S$5,000.