Singapore Goods And Services Tax (Gst) Registration
What is a GST?
Goods and Services Tax (GST) is a tax on the supply of goods and services made in Singapore by a taxable person in the course or furtherance of any business carried on by him and on the importation of goods into Singapore. Every Singapore business must register for GST if their annual taxable turnover is more than S$1 million or currently making taxable supplies and the annual taxable turnover is expected to be more than S$1 million.
Taxable supplies cover both goods as well as services supplied in Singapore, goods supplied abroad from Singapore and any International services provided from Singapore. A Singapore business is expected to register for GST within thirty days from the time it is deemed liable.
After registration, businesses must charge and account for GST at the prevailing rate. This is known as output tax. GST registered businesses can also claim the GST incurred on their goods and services purchased assuming certain conditions are met. This is known as input tax. GST is also levied on the import of goods from overseas which also claimed as input tax. Singapore Customs is responsible for collecting the import GST.
Current rate of GST is 7%.
Registering for GST is compulsory when
- The turnover of your business is more than S$1 million for the past 12 months; or
- You are currently making sales and you can reasonably expect the turnover of your business to be more than S$1 million for the next 12 months.
- Alternatively, you can choose to be voluntarily registered for GST.
Registering for GST – Voluntary Registration
You may apply for voluntary GST registration even if you are currently not liable for compulsory registration. Criteria for voluntary GST registration
- You carry on a business and intend to make taxable supplies, or
- You make taxable supplies and your annual taxable turnover is not more than S$1 million, or
- You only supply goods outside Singapore (out-of-scope supplies), or
- You make exempt supplies of financial services that are also deemed as international services
Advantages of voluntary registration
You can enjoy the benefits of claiming input tax incurred in the course of your business. This is especially so when you make purely zero-rated supplies (exports or international services).
Conditions under voluntary registration
Before registration
- Be on GIRO Scheme for payment and/or refund of GST; and
- Provide the security deposit as may be imposed by the Comptroller on a case-by-case basis.
After registration
- Attend the compulsory seminar “Introduction to GST” by IRAS within three months from the effective date of registration;
- Remain GST-registered for at least two years; and
- Comply fully with the Responsibilities and Obligations of a GST-registered person and any other conditions as may be imposed by the Comptroller.
About the Author
More detailed and complete information about Singapore GST visit http://www.asiabizservices.com/singapore-goods-and-services-tax-gst-registration/
Article by Asiabizservices.com – Singapore Company Registration Specialist
Teste cortador de grama Giro Zero Snapper 500Z
|
|
Giro Zero Mitts Blue White Medium Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Blue White Small Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Blue White Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Blue White X-Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Mono Black Medium Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Mono Black Small Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Mono Black X-Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Mono Black Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Black White Medium Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Black White Small Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Black White Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Black White X-Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Black White XX-Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Red White Medium Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Red White X-Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Red White Large Bike Cycling MTB Road $44.48 |
|
|
Giro Zero Mitts Mono Black Medium Bike Cycling MTB Road $47.13 |
|
|
Giro Zero Mitts Black White Large Bike Cycling MTB Road $47.13 |
|
|
Giro Zero Mitts Red White Medium Bike Cycling MTB Road $47.13 |
|
|
Giro Zero Mitts Red White Large Bike Cycling MTB Road $47.13 |
|
|
Giro Zero White / Silver Road Cycling Gloves (Large) $27.88 |
|
|
2012 Giro ZERO Road Men’s Gloves White/Blue NEW! $24.99 |
|
|
2012 Giro ZERO Road Men’s Gloves White/Blue NEW! $24.99 |
|
|
2012 Giro ZERO Road Men’s Gloves White/Black NEW! $24.99 |
|
|
2012 Giro ZERO Road Men’s Gloves White/Black NEW! $24.99 |
|
|
2012 Giro ZERO Road Men’s Gloves Black NEW! $29.99 |
|
|
2012 Giro ZERO Road Men’s Gloves Black NEW! $29.99 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLUE / WHITE – X-LARGE $26.03 |
|
|
NEW – GIRO – ZERO ROAD GLOVE – LARGE – BLACK/SILVER $9.99 |
|
|
NEW – GIRO – ZERO ROAD GLOVE – LARGE – BLACK/RED/WHITE $23.50 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
Giro Zero Mitts 2012 Half Finger Gloves Road Bike Cycling Black White Red $32.99 |
|
|
2010 Giro Zero Road Cycling Gloves Red / White (Lg) $24.88 |
|
|
2011 GIRO ZERO MED MENS ROAD/MT bike gloves BLUE SILVER $24.95 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLACK MONO – LARGE $26.03 |
|
|
2011 Giro Zero Black / Silver Road Cycling Gloves (Large) $29.93 |
|
|
2010 Giro Zero Road Cycling Gloves Red / White (Sm) $34.93 |
|
|
2010 Giro Zero Road Cycling Gloves Red / White (Med) $34.93 |
|
|
2011 Giro Zero Black / Silver Road Cycling Gloves (X-Large) $31.93 |
|
|
2011 Giro Zero Black / Silver Road Cycling Gloves (Medium) $29.93 |
|
|
Giro Zero White / Silver Road Cycling Gloves (Medium) $24.88 |
|
|
Giro Cycling Glove Zero Black/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Red/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Red/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Red/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Red/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Red/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Mono Black Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Blue/White Road Tri TT $27.99 |
|
|
Giro Cycling Glove Zero Blue/White Road Tri TT $27.99 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLUE / WHITE – MEDIUM $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLUE / WHITE – LARGE $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES RED / WHITE – LARGE $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLACK MONO – X-LARGE $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLUE / WHITE – SMALL $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLACK / WHITE – X-LARGE $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLACK / WHITE – MEDIUM $26.03 |
|
|
GIRO ZERO MENS ROAD BICYCLE CYCLING GLOVES BLACK / WHITE – LARGE $26.03 |
|
|
Giro Cycling Gloves Zero Glove White / Silver Medium Pair $26.99 |
|
|
Giro Cycling Gloves Zero Glove White / Silver XLarge Extra Large Pair $26.99 |
|
|
Giro Cycling Gloves Zero Road Glove Black White Large $34.99 |
|
|
Bicycle GLOVES Race LEATHER Red Black White Bike Giro ZERO Men Women S M L XL $34.99 |
|
|
Bicycle GLOVES Race LEATHER Red Black White Bike Giro ZERO Men Women S M L XL $34.99 |
|
|
Bicycle GLOVES Race LEATHER Red Black White Bike Giro ZERO Men Women S M L XL $34.99 |
|
|
Bicycle GLOVES Race LEATHER Red Black White Bike Giro ZERO Men Women S M L XL $34.99 |
|
|
Giro Cycling Gloves Zero Road Glove X Large Black White $27.99 |
|
|
Giro Cycling Gloves Zero Road Glove Black / Silver XL $27.99 |
|
|
Giro Cycling Gloves Zero Road Glove Small Blue Silver $27.99 |
|
|
GIRO Zero Cycling Glove Short Finger New Red Small $19.99 |
|
|
Giro Cycling Gloves Zero Glove Red/White SM Giro NEW $24.29 |
|
|
Giro Cycling Gloves Zero Glove Black/Silver SM Giro NEW $27.99 |
|
|
Giro Cycling Gloves Zero Glove Black/Silver LG Giro NEW $27.99 |
|
|
Giro Zero Cycling Glove $35.00 Innovation by subtraction. The Zero is a pro-level, minimalist glove for riders who want the ultimate in ventilation, control and bar feel. The supple, micro vented leather palm is matched with a super breathable upper that offers a custom-fit feel and creates a glove that practically disappears when you put it on. TECHNOLOGIES: -Super Fit -Pittards Leather Palm SPECS: -Upper: Moisture-wicking, 4-… |
|
|
Giro Zero Cycling Glove – Men’s For enhanced comfort, airflow, and bar-feel, ride in the Giro Zero Cycling Glove.Product FeaturesMaterial: [upper] stretch mesh; [palm] Pittards Microvent leatherClosure: pull-tabPadding: Recommended Use: race dayManufacturer Warranty: 1 year… |
|
|
A Pomba Girou [Vinyl] $13.98 B/W TE TUIRO Ninja tune are back with another belting electronic anthem. Set to be large with all the usuals, if you like warp records and so on you are gonna love this!!… |
