What is the importance of GST?

What Is the Purpose of Singapore GST? The GST was introduced into Singapore on 1st April 1994 with the purpose of enabling Singapore to place its reliance on indirect taxes instead of direct taxes. It is perceived as a way to lower personal income tax and corporate income tax rates, and provide a steady flow … Read more

How do I calculate GST?

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