Do you know that your company is liable for GST registration if:-

  • Your taxable turnover for the past 12 months ending March, June, September or December (referred to as "quarter") is more than $1 million; or
  • You are making or intend to make taxable supplies and you are expecting your taxable turnover in the next 12 months to be more than $1 million (e.g signing of a sales contract or business agreement).

You must apply for GST registration within 30 days at the end of the quarter where you are liable for GST registration. (For e.g. if you entered into a business agreement on 1 Jul 2015 and the contract value exceeds S$1 million, you will have to apply for GST registration by 31 Jul 2015.)

You have to submit your application for GST registration by the due date, to avoid being penalised for late notification of your liability for GST registration.

 

Voluntarily register for GST

If your business does not exceed $1 million in taxable turnover, you may still choose to voluntarily register for GST if you think it is necessary for your business.

Call us now at 62252028 to find out more details to determine if you are liable to register for GST or we can assist you to registrate your GST by the due date to avoid being penalised for late notification for GST registration.