Good and Services Tax or GST is a broad-based consumption tax levied on the import of goods (collected by Singapore Customs), as well as nearly all supplies of goods and services in Singapore.

GST exemptions apply to the provision of most financial services, the sale and lease or residential properties, and the importation and local supply of investment precious metals. Goods that are exported and international services are zero-rated.

Q：	Should I registered GST for my Company in Singapore?
A：	As a business, you must register GST when your taxable turnover exceeds S$1million. If your business does not exceed S$1million in taxable turnover you may still choose to voluntarily register for GST after careful consideration.
Q：	Conditions for claiming Input Tax.
A：	You must satisfy these conditions to claim input tax: You are GST-registered; The goods or services must have been supplied to you or the goods have been imported to you; The goods or services are used or will be used for the purpose of your business; Local purchases must be supported by valid tax invoices addressed to you, or simplified tax invoices at the time of claiming the input tax; Imports must be supported by import permits which show you as the importer of the goods; The put input tax is directly attributable to taxable supplies (i.e. standard-rated supplies and zero-rated supplies), or out-of-scope supplies (e.g. third country sale of goods), which would be taxable supplies if made in Singapore; The input tax claims are not disallowed under Regulations 26 and 27 of the GST (General) Regulations.
Q：	What expenses are disallowed to claim GST?
A：	Regulations 26 and 27 of the GST (General) Regulations do not allow the following expenses to be claimed as input tax. Benefits provided to the family numbers or relatives of your staff; Costs and running expenses incurred on motor cars that are either:           1. Registered under the business or individual’s name, or           2. Hired for business or private use Club subscription fees (including transfer fees) charged by sports and recreation clubs; Medical expenses incurred for your staff unless they are obligatory under the Work Injury Compensation Act or under any collective agreement within the meaning of the Industrial Relations Act; Medical and accident insurance premiums incurred for your staff unless the insurance or payment of compensation is obligatory under the Work Injury Compensation Act or under any collective agreement within the meaning of the Industrial Relations Act; and Any transaction involving betting, sweepstakes, lotteries, fruit machines or games of chance.
Q：	What’s the new rule for GST on imported services?
A：	To level the GST treatment for all services consumed in Singapore. The Minister for Finance announced in Budget 2018 that the following regimes will be implemented from 1 Jan 2020 to tax imported services: Reverse charge regime for Business-to-Business (B2B) supplies of imported services; and Overseas vendor registration regime for Business-to-Consumer (B2C) supplies of imported digital services. B2B supplies refer to supplies made to GST-registered persons, including companies, partnership and sole-proprietors. B2C supplies refer to supplies made to non-GST registered persons, which included individuals and businesses that are not registered for GST.
Q：	Can we claim GST incurred before GST registration?
A：	Generally, if you are not a GST-registered business, you cannot claim the GST incurred on your purchases. However, if you meet certain conditions, you are able to claim the Pre-registration GST for the expenses incurred within 6 months before the date of your GST registration.