GST registration and de-registration service



GST Registration and De-Registration Service

FIS Business Services helps the clients in GST Singapore Registration. Our tax consultants would be efficient to assist you to find the registration completed in a hassle-free and fast way. We understand the needs of the authorities and it can avoid potential delays due to problems which include incomplete assent of papers. We will also communicate with the associated from your side to decrease the administrative loads from you.

With the assistance of FIS Business Services, you can complete the required procedures linked to the registration, collection, and reimbursement of the Goods and Services Tax.

How to Register For GST In Singapore?

Step 1: First of all, determine if it essential to register for GST, as per the annual taxable turnover.

Step 2: The course of e-Learning course – those shareholders who register willingly need to entire two e-Learning courses for the idea of registration and as a general impression.

Step 3: Fill up the application – the application for GST registration as well as the assisting papers are required to submit to the Inland Revenue Authority.

Step 4: application processing – extra details might be requested despite the assisting part from the supporting papers already offered during the previous step

Step 5: receive the notification of registration – once the company is registered, the applicant will receive a notification at the company's registered address.

GST Registration

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 is to be paid when you purchase goods or services from GST-registered companies and when you import goods into Singapore.

Compulsory registration

GST registration is compulsory if your 12 months revenue is more than 1 million SGD OR is expected to exceed 1 million SGD for the next 12 months.

GST deregistration

You must apply for cancellation of your GST registration within 30 days when:

  • You stopped making taxable supplies and do not intend to make taxable supplies in future;
  •  Your business has ceased;
  • Your business is transferred as a whole to another person (the new entity needs to determine if it is required to register for GST); or
  • Your business constitution has changed (e.g. sole-proprietorship business converted to a partnership or vice versa, partnership converted to limited liability partnership, etc).

Voluntary registration

You may apply to voluntarily register for GST even if your revenue does not exceed 1 million SGD.

The advantage of voluntary registration is that you can clam GST incurred on your purchases.

Voluntary Cancellation of GST Registration

You may apply to cancel your GST registration if you are not liable for registration. However, if you were previously registered on voluntary basis, you must remain registered for at least 2 years before you can cancel your registration.