How should GST return errors be corrected in Singapore?
Generally, businesses should file a GST F7 form to correct errors made in previously submitted GST returns.
Can GST errors be adjusted in the next GST F5 return instead?
Yes. Errors may be adjusted in the next GST F5 return if:
* The net GST amount payable in error for all affected periods does not exceed S$3,000; and
* The total error amount for all other boxes (except Boxes 6, 7 and 12) does not exceed 5% of total supplies reported in Box 4 for the relevant period.
What if no supplies were made during the period?
Where no supplies were made, the 5% threshold is generally based on taxable purchases reported in Box 5.
Do revenue reporting errors in Box 13 need adjustment?
Generally, no adjustment is required for errors relating to the value of revenue reported in Box 13.
