What is GST?
Goods and Services Tax (GST) is a consumption tax that is levied on the supply of goods and services in Singapore and the import of goods into Singapore.Do I have to register for GST?
In most cases, registering for GST is compulsory when: the turnover of your business is more than $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 $1 million for the next...Does Singapore have any value added tax or general sales tax?
Yes. The sales tax in Singapore is called Goods and Services Tax (GST). The current GST rate is 7%. Only GST-registered businesses are allowed to levy the GST on their sales or invoices.What is Taxable Supply?
A Taxable Supply is a supply of goods and services made in Singapore other than an exempt supply. GST is chargeable on a taxable supply of goods and services made by a taxable person in the course or furtherance of his business. However, any GST incurred by a taxable...