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GST-SGP-How It Works

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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.

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