Goods and Services Tax (GST)
GST refers to a consumption tax levied on nearly all goods and services in Singapore. Companies with over S$1-million taxable supplies of goods and services must register for GST and submit quarterly GST returns. Our tax professionals will guide you in completing the registration form and completing the GST course.
GST department has revised their GST application form recently in January 2013.
What is the changes?
– More information is required for complete the submission
– Compulsory to complete 2 GST course as follows
Besides, you may require to pay a security deposit for the amount of $20,000 and above in order to register your Company with GST under Section 81(3) of the Goods and Services Tax Act.
Dealing with the IRAS
Applying for GST registration or deregistration
Managing and responding to IRAS queries
Making voluntary disclosures of errors to the IRAS to mitigate penalty exposure
Managing IRAS audits and investigations
Reviewing and e-filing GST returns
Conducting GST Compliance Review (GST Health check)
Conducting Assisted Self-Help Kit (ASK) review
Conducting in-house GST training customized to specific business transactions
Advising on GST implications involving business start-ups, new business arrangements and cross-border transactions
Assisting with dispute resolutions
Reviewing and advising on internal controls for GST reporting
Reviewing and advising on accounting system logic for GST coding
For issues to consider before register as GST entity, please refer to Should I registered GST for my Company? for the guidance.
Contact us today for a no-obligation consultation.