GST Services

GST Services

Goods and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT.

GST exemptions apply to the provision of most financial services, the sale and lease of residential properties, and the importation and local supply of investment precious metals.

We offer the full spectrum of professional GST services in Singapore in the following areas:

Dealing with the IRAS
Application for GST registration / de-registration
Application for various GST relief schemes (e.g. Major Exporter Scheme (MES), Zero GST Warehouse Scheme)
Conducting MES audit / review for renewal of MES status
Managing and responding to IRAS queries
Preparation of submission / ruling to the IRAS for tax concessions
Making voluntary disclosure of errors to the IRAS to mitigate penalty exposures

Compliance Support
Review and e-filing of GST returns
Conducting GST Compliance Review (GST Healthcheck)
Conducting Assisted Self-help Kit (ASK) review

GST Advisory
Advice on GST implications involving business start-up, restructuring, new business arrangements and cross border transactions
Assisting with dispute resolutions
Review and advice on internal controls for GST reporting
Review and advice on accounting system logic for GST coding