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SINGAPORE GST WORKSHEET

Original price was: $750.Current price is: $500.

Have you ever proofed the balance of the GST account? Nothing is worse than collecting GST on the government’s behalf and then omitting it in your Form 5 filing and subsequent
settlement. Regular reconciliation of GST accounts is important. Follow this template to track and 
monitor the GST balance.

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Description

SINGAPORE GOODS & SERVICES TAX (GST) – WORKSHEET

GST Form 5 filing is more than aggregating the transactions posted to your accounting ledger for the last quarter. You should maintain proper computation for your Form 5 and complete a few self-checks before you submit the GST return. Wrongful filing may result in financial and
reputational losses.

• Recommend pre-filing checks
• Zero-rate and exempt supplies decision map
• De minimis rule, Regulation 35 test for partially taxable persons
• Residual input tax apportionment for partially taxable persons
• Reverse charge computation

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