Short, Simple and Interesting FAQs
For members of the public to check if a business is GST-registered. A search can be performed by using the business name, GST registration number, Unique Entity Number (UEN) etc. You do not need to log in to myTax Portal. CLICK HERE TO START SEARCHING The Goods and Services Tax is a consumption tax levied on … Read more
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
This guide provides an overview of the key concepts of Singapore’s Goods & Services Tax (GST) system as it relates to Singapore companies – definition of GST, registration requirements, advantages and disadvantages of GST registration, filing GST returns, and schemes to aid businesses.The Goods and Services Tax (GST) was implemented on 1st April 1994 in … Read more
Goods and Services Tax (GST) This guide provides an overview of the key concepts of Singapore’s Goods & Services Tax (GST) system as it relates to Singapore companies – definition of GST, registration requirements, advantages and disadvantages of GST registration, filing GST returns, and schemes to aid businesses.The Goods and Services Tax (GST) was implemented … Read more
Goods and Services Tax (GST): What it is and how it works 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. … Read more
How to Check GST Registration Application Status If you have applied for GST registration, it normally takes about 7 working days for the provisional GSTIN to be allotted and 10 days to obtain the final GSTIN with GST registration certificate. From the time of submission of GST registration application, the status can be checked on … Read more
Gst verification is an important thing for all GST taxpayers. The GST number verification helps the taxpayer to cross-check the authenticity of other business units and the relevance of one’s own business. The GST online verification is free of cost and a reliable tool that gives accurate results in no time How to use GSTIN … Read more
What is GST payment? GST payment is the periodical remittance of GST amount payable by the business. It one of the major requisites for a business to stay compliant. As per the guidelines, every registered regular taxpayer must make GST payment with a due date – 20th of every month along with the submission of GSTR-3B … Read more
GST is a consumption based tax/levy. It is based on the “Destination principle.” GST is applied on goods and services at the place where final/actual consumption happens. GST is collected on value-added goods and services at each stage of sale or purchase in the supply chain. GST paid on the procurement of goods and services can … 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