Short, Simple and Interesting FAQs
GST is only charged by GST-registered businesses. A business must register for GST if its annual turnover exceeds S$1 million. For small businesses that do need meet this threshold, GST registration is optional. Unregistered businesses neither have to collect GST nor remit it to the government; GST is also levied on the import of goods … Read more
Goods and Service Tax (GST) is paid by the consumers for the products or services. But the GST will be remitted to the government by the businesses who are providing you with those products and services. This GST will be included in the final price that is to be paid by the consumer and then is passed … Read more
GST can be calculated simply by multiplying the Taxable amount by GST rate. If CGST & SGST/UTGST is to be applied then CGST and SGST both amounts are half of the total GST amount. GST = Taxable Amount x GST Rate If you have the amount which is already including the GST then you can … Read more