A partner of a food and beverage company has been sentenced to two months’ jail for making false claims of Goods and Services Tax or GST refunds amounting to S$105, 536.22.
37-seven-year-old Stienberg Tan Geok Yong must also pay a penalty of S$316,608.66 which is three times the amount of GST undercharged.
Tan, who’s the managing partner of Stienberg and Lindsey, pleaded guilty to five counts of making the fraudulent claims between April 2004 and June 2005.
On top of paying the penalty, Tan could have been sentenced to up to seven years’ jail, fined a maximum of S$10,000 or both.
Source: Channel Newsasia, 19th July 2010
