GST-SGP-How It Works

SINGAPORE’S GOODS AND SERVICE TAX SYSTEM-HOW IT WORKS- A BRIEF SNAP SHOT

GST is a tax on domestic consumption. The tax is collected by the registered businesses, whenever the customer buys goods or services.

GST Brief Overview:

In order to determine whether GST applies to a particular situation or not, one should really know answer to the followings:

• What;
• Who;
• When; and
• How much?

Merely passing on the clauses and / or sections are not enough.