Must goods exported without a sale be reported in a GST return?
Yes. Goods exported from Singapore without a corresponding sale at the time of export may still need to be reported in the GST return.
What are examples of exports without corresponding sales?
Examples include:
Goods returned to overseas suppliers
Machinery exported for overseas projects
Other goods physically exported without a sale transaction
Who is responsible for reporting the export?
The owner of the goods or the local agent of the overseas entity is generally required to report the value of the exported goods in the GST return at the time of export.
Why is reporting required even when there is no sale?
The reporting requirement is generally imposed for GST control and compliance purposes.
