How GST Filing Works In Singapore: An overview

GST Filling is a tax applied on most goods and companies sold for domestic use. Clients pay the tax, but organizations selling the products should return it to the state. GST is, in effect, a source of income for the government.

GST Filling

Certain businesses must apply for GST filing, but others can do so freely. GST returns must be filed with IRAS by all GST-registered entities.

What does GST indicate for a firm in Singapore?


If you’re a GST-registered business, you’ll have to acquire GST from your consumers for the products and services you give. Then submit the tax to the government.

For example, if you billed a client in Singapore S$100 for the goods, you must bill them S$107 (S$100 for the service and 7% GST). The GST Filling amount billed to the client on behalf of the authorities should be remitted to the IRAS periodically through GST tax filing. GST registration is not automatic for companies register in Singapore. Companies that meet specific requirements must file to IRAS to be a registered firm before they can levy and collect GST.


Is it necessary for my business to file for GST?


It is a self-assessed tax, which means that businesses must constantly examine whether they need to apply for GST. Registration can be of two types: mandatory and voluntary. You can take the help of tax experts, and they have the required knowledge about GST filing services for Singapore companies. They will meet the requirements of the clients and guide them accordingly. 

When exporting products or services out of the country, does a Singapore corporation have to collect GST?


No. Export products and services are zero-rated supplies and are exempt from the GST tax.

GST Tax system



  • It delivers a steady and predictable tax revenue in good and bad economic times.
  • Because of the decreased administrative and collection costs, it is a cost-effective tax.
  • It enables the government to reduce company and personal taxes, resulting in more FDI.

Mandatory Filing 


When the company’s turnover surpasses S$1 million in the previous 12 months – identified as the retrospective basis – or you are presently generating sales and can probably expect the firm’s turnover to surpass S$1 million within the next 12 months – recognized as the prospective basis – you must apply for registration. It covers any contracts you’ve signed with a revenue expectation of more than S$1 million in the following 12 months.

Voluntary Filing


Depending on the business activities, you may voluntarily apply for filing if you are not oblige. The company should have sales forecasts or have already begun selling in Singapore. Please be aware that if you decide to register for GST in this way, you will be subject to additional conditions.

Why Must you pay GST on purchases made while traveling abroad?


GST Filling is a tax levied on the chargeable supply of commodities and services in Singapore and the entry of goods into the country. It means that products moved into Singapore or bought locally are subject to GST.


After introducing GST, it has been imposed on goods import into the country. The technique is common in nations where they charge GST. Please note that products imported for commercial reasons do not qualify for GST exemption. Travelers are entitled to GST relief on products imported for their private use.

GST registration is essential for all businesses


When the taxable turnover surpasses $1 million, you should apply for registration as a business. Even if the taxable revenue is less than $1 million, you may decide to apply for GST voluntarily after thoughtful consideration.

GST collection and claiming


Only GST-registered entities can collect and claim GST. Companies that do not have GST certificates are unable to claim GST.

Charging GST 


If you’re eligible for GST, you’ll have to charge the current GST amount on all taxable goods, except goods liable to customer accounting. Output tax refers to the GST you impose and collect. You must pay the amount to the IRAS within thirty days. If you have billed or gather GST Filling incorrectly, you should remit the incorrectly receive GST to IRAS.

GST Invoices


If you’re eligible for GST, you can use the GST return to claim GST on company purchases (even imports) and expenditures as input tax. It is contingent on you fulfilling the requirements for collecting input tax.

Furthermore, if you satisfy certain circumstances, you may be entitle to claim GST paid before GST registration. At every step of a distribution chain, this input tax method assures that only the value-add is tax. Paying output tax or collecting input tax are two different things.

If you’re a GST-registered company, you must:

  • Within a month of the ending of everyone requires accounting period, you should submit the GST return to the tax department.
  • In the GST return, you must include the output and input tax. 



If the products’ receipts aren’t accessible, their worth will be determine by the sales price of similar goods from the exact origin. Singapore has a reputation for having the best business climate in the world. Singapore’s strong tax structure is one of the state’s assets as a corporate location. Singapore’s government administers a consumption tax at a ratio less than international standards to make the economy more efficient and prevent entire reliance on income taxes.

Zaman Lashari
Zaman Lashari
Articles: 699

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