Singapore GST Reporting Services Fees @ $150 / Quarter
GST Reporting Package in Singapore is Inclusive of:
- Compliance with the Inland Revenue Authority of Singapore (GST Returns Submission)
- GST Preparation
- GST Computation
- Handling of IRAS queries
Choosing J Accounting Services to help you in Singapore GST Reporting…
You will be able to leverage on our expertise and knowledge in the requirements of GST preparation and filing to IRAS for your business.
GST Services J Accounting provide includes:
- Apply for GST registration
- Complete and submit GST return
- Cancellation of GST registration
Reporting GST for your business is mandatory if you are GST registered!
In Singapore, it is compulsory for businesses with turnover exceeding $1 million per year to register for Goods and Services Tax (Abbreviation: GST). Being a GST registered company, you will enjoy claiming 7% of input tax from IRAS for business expenses or purchase incurred by you. However, the downside is that you will need to collect output tax from your clients for revenue generate by sales of your goods and/or services.
If you wish to enjoy the benefit of being GST registered even though you do not exceed $1 million in turnover, you may apply for voluntarily GST registration.
Reporting of GST is normally done on a quarterly basis for businesses who are GST registered. GST preparation can be daunting to business owners who may not have the expertise to do it themselves and they may risk facing unnecessary penalties from IRAS for errorenous GST submission.
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