Did-You-Know Series

GST-registered businesses are still required to file a GST return even if there were no business transactions during the accounting period.

Yes. Businesses may be able to claim GST incurred before GST registration, subject to the pre-registration GST claim rules.

The OVR regime generally applies to B2C supplies of remote services and low-value goods made to customers in Singapore.

GST may be claimable where the company can demonstrate that the employee was acting as an agent of the company.

GST is generally chargeable where the deposit or downpayment represents partial payment for goods or services supplied.

A trade-in transaction is generally not treated as a single supply for GST purposes. Instead, there are typically two separate supplies involved in the transaction.