All Goods and Services Tax (GST) registered companies are to adhere to GST rules and regulations in order to avoid penalties for non-compliance. GST is a consumption tax levied on the import of goods (collected by Singapore Customs), and nearly all supplies of goods and services in Singapore. In other countries, GST is known as the Value-Added Tax or VAT. Should your taxable turnover exceeds SGD $1million, it is compulsory to register your business for GST. However, you may still choose to register your business for GST voluntarily if your business does not exceed SGD$1 million in taxable turnover. 

 Our professional team assist our clients in GST registrations and de-registrations. Here at KJ Advisory, we shall prepare and submit GST returns on your behalf to IRAS in compliance with Singapore GST Act. We shall also review the compliance data and GST returns for you, advise you on any special and complicated transactions that may require GST reporting, and liaise with the Tax Authority on your behalf. We as your qualified accountant will guide you in reviewing of invoicing requirements and assist you in your queries pertaining to GST audits by tax authority.