GST Submission
Ensuring your company complies with the GST Act and making sure you make your necessary submissions on time
Explaining GST in two short paragraphs
Good & Service Tax (GST) Singapore is the tax levied on every exchange and applied to all activities involved in producing and providing goods and services. GST returns usually include the payment due and post-GST deduction on purchases from the GST amount charged on the sale.
GST is not levied on income but consumption. If your turnover exceeds S$1 million in the past 12 months or if you expect your turnover to exceed S$1 million for the next 12 months, it is a requirement for you to register GST and file GST regularly.
How TnB can help you with your GST reporting
We understand that procedures such as GST registration and filing GST return are tiresome. Furthermore, filing GST returns and paying taxes by their due dates may slip your mind.
At TnB, we act as your registered representative to help you comply with the GST Act. The GST reporting services we offer include the following:
- Up-to-date records and accurate calculations
- Assist in GST registration (GST F1 forms)
- Help to evaluate criteria and apply for exemption from GST registration (GST F2 forms)
- Conduct quality checks on GST quarterly returns before submission of GST returns (GST F5 forms)
- Review bookkeeping records against yearly GST returns to identify errors and mitigate risks of paying penalties.
- Help to file for voluntary disclosure of mistakes (GST F7 forms)
- Assist in GST final return (GST F8 forms) and GST deregistration (GST F9 forms)
- Provide advice relating to GST, such as cross-border transactions and the implications of GST deregistration
- Preparing your company for GST audit