I am planning to get new toy by interest-free credit card installment from CP before 1 Jul, so the price will not be affected by the GST hike. However, as explained in this website ( http://www.iras.gov.sg/ESVPortal/res...onsumersv4.doc ), it seems that only the amount paid before 1 Jul will be subjected to 5% GST. The outstanding amount to be paid later will still be subjected to 7% GST.
Does this mean that i still cannot escape the GST hike (unless pay in full)? Can anyone verify this? Thanks