Companies annual taxable supplies exceeding SGD1 million are required to be registered as a Goods and Services Tax (GST) payer. For GST registered companies, GST filing is required each quarter.
1. INITIAL GST REGISTRATION
Harvest can monitor your revenue and advise your business accordingly if you exceed the SGD1 million threshold. You may also voluntarily register for GST even if you are not required to. Harvest Accounting can assist to register your business for GST with IRAS and partner you through the application process.
2. SEAMLESS GST REPORTING IN XERO
We will prepare your quarterly GST report directly from Xero. Transactions will be easily traceable by yourself or any audit. We will review and advise you on any rules specific to your situation or industry.
3. QUARTERLY FILING FOR GST REGISTERED COMPANIES
Harvest can e-file your company’s GST directly online with IRAS in order for you to safely meet your compliance requirements and save you time for what you do best.