950,000 HDB households to receive GST rebates in October
SINGAPORE - About 950,000 households living in Housing Board flats will be receiving their quarterly goods and services tax (GST) rebates in October. They will be disbursed through the GST Voucher (GSTV) - U-Save initiative, and credited via offsets to household utility bills, said the Ministry of Finance on Friday (Oct 1). The total amount distributed under the GSTV - U-Save and U-Save Special Payment initiatives this financial year will tally up to about $460 million. The amount that households will get is tagged to the type of HDB residence. Households in one- and two-room HDB flats typically receive rebates that amount to an average of about three to four months of their utility bills. With the addition of the U-Save Special Payment, the rebates will amount to about 4½ to six months of their utility bills. For those in three- and four-room HDB flats, the additional support will be equivalent to about 1½ to three months of their utility bills. The next round of GSTV - U-Save rebates for this financial year will be in January next year. The U-Save Special Payment was previously given in April and July, where households received additional rebates amounting to 50 per cent of their...
