The benefits of GST-registered businesses adopting GST ASK are:
a) Ensure GST submissions are accurate.
b) Find previous GST errors beforehand so you can disclose them to IRAS timely and receive lowered or zero penalties.
c) Satisfy requirements for application or renewal of GST schemes like MES, IGDS or A3PLCS.
d) Understand the GST filing and record-keeping requirements.
e) Reduce the risk of incurring penalties for errors.
f) Receive administrative concessions for common errors communicated during the annual review of ASK.