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Goods and Services Tax Singapore
Taxable and Non-Taxable Goods and Services
There are many goods & services which are taxable under the GST. Also, there are many goods & services which are not taxable. If you are looking for the best GST services in Singapore. Then, you can call us at +65-8613-1335 to get GST services at an affordable price.
Here is the list of taxable & non-taxable Goods & Services
Goods: Most of the local sales fall under this category. Like the sale of a TV set or the sale of any electronic item or the sale of imported low-value goods.
Services: Local provision of services will fall under this category. Like the provision of spa services in Singapore. Or visit our website: https://www.acraapluscpa.com/
Goods: The GST tax will not be implemented on the Sale and rental of unfurnished residential property in Singapore. And the importation & local supply of investment precious metals. There are non-taxable supplies & they will not come under the GST category.
Services: Financial services in Singapore are also non-taxable supplies. Some financial services are non-taxable supplies & don't come under the GST values. Like the issue of debt security, the exchange of bitcoin for fiat currency.
Businesses That Require GST Registration
If you are a business & your taxable turnover exceeds 1 million dollars. Then, you must go for the GST registration. Some businesses are also liable for GST registration under the Reverse Charge and Overseas Vendor Registration regimes.
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