- GST F5 Return has fifteen boxes to fill
- Access GST returns via myTax Portal
- Report figures in Singapore Currency
- E-File a nil return if no transactions occurred
- Refer to e-Tax Guide for more details
- GST F8 filing is similar to GST F5
- Account for GST on business assets and certain supplies
- Report asset and supply values in Box 1 of GST F8
- Report corresponding GST value in Box 6 of GST F8
- Refer to IRAS webpage for more details on GST cancellation
- Common errors infographic available for reviewing past GST returns
- Box 1: Total value of standard-rated supplies
- Enter value excluding GST amount
- Include supplies of goods, deposits, consignment sales, net takings, property construction, leases, and vehicle sales
Source: iras.gov.sg
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Singapore"
- GST: Comprehensive Business Guide by IRAS, 15th Edition, Published January 2024
- Guide to Cancelling GST Registration: Compulsory and Voluntary Procedures Explained
- Singapore clarifies GST Return Filing and Payment Deadlines
- IRAS Updates GST Filing Guidance: Error Corrections, Refund Claims, and Extension Deadlines Explained
- IRAS Updates GST Filing Guidance on Correcting Errors and Due Date and Extension Requests