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Goods and Services Tax

Comprehensive GST compliance and advisory for Singapore businesses.

Goods and Services Tax

Overview

Goods and Services Tax (GST) compliance in Singapore requires accurate transaction tracking, timely filings, and proper classification of taxable supplies in accordance with the GST Act and IRAS guidelines.

Aquila Veritas provides structured GST compliance and advisory services to ensure businesses meet their statutory obligations while managing exposure risks. We support companies through registration, ongoing quarterly filings, and technical advisory on complex GST treatments including zero-rated supplies, exempt supplies, and cross-border transactions.

Our approach emphasises documentation integrity, system alignment, and audit readiness.


Scope of Services

  • GST registration (mandatory and voluntary)
  • Quarterly GST return (F5) preparation and filing
  • Review of input tax claims
  • Advisory on zero-rated and exempt supplies
  • Reverse charge and overseas vendor registration (OVR) guidance
  • GST health checks and compliance reviews
  • IRAS audit support and voluntary disclosure assistance
  • De-registration advisory

Benefits & Value

1
Regulatory Accuracy: Application of the Singapore GST Act and IRAS e-Tax Guides to ensure compliant treatment of supplies and input tax claims.
2
Risk Mitigation: Identification of exposure areas such as incorrect zero-rating, disallowed input tax, and reverse charge obligations.
3
Structured Documentation: Maintenance of audit-ready supporting schedules and reconciliations aligned with GST returns.
4
System Integration (Xero-Compatible): Configuration and review of GST codes within Xero to ensure accurate tax reporting and automated reconciliation.
5
Strategic Advisory: Guidance on GST registration thresholds, voluntary registration implications, and cash flow impact.

Our Process

1
GST Registration Assessment: Determine whether mandatory registration thresholds are met or whether voluntary registration is advisable.
2
System Configuration: Align accounting software (including Xero) with appropriate GST codes and tax treatments.
3
Transaction Review & Reconciliation: Review taxable supplies, input tax claims and reconcile GST control accounts.
4
Quarterly F5 Filing: Prepare and submit GST return within statutory deadlines.
5
Compliance Monitoring: Provide ongoing advisory on regulatory updates and exposure risks.

Frequently Asked Questions

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