You can access your GST returns by logging into myTax Portal . To find out what should be declared in the respective boxes of the return, please refer to the Checklist of Completing GST Return (127KB) and e-Tax Guide on How Do I Prepare My GST Return (520KB).
All figures reported in the GST return must be in Singapore Currency. If the tax invoice is in foregin currency, please refer to Exchange Rates for GST Purposes (53.5KB) for the approved exchange rates to be used. If there is no transaction during the prescribed accounting period, you are still required to complete and submit a nil return, i.e. all boxes of the GST return should be completed with "0".
GST Reporting - additional item with effect from Feb 2009
With effect from Feb 2009, an additional item titled "Revenue" (i.e. gross sales/ gross income/ turnover) will be incorporated in your GST returns to capture the revenue of your business for the prescribed accounting period.
"Revenue" refers to the main income source of a company/business as reflected in its profit and loss account. This generally refers to income received from the provision of services, sale of goods and any other operating income. However, it should exclude non-operating income, such as sale/disposal of fixed assets, grants and gross receipts collected on behalf of others. You should enter the "Revenue" figure in Box 13 of the GST F5 returns.
For more information on this revenue item, please refer to our Frequently Asked Questions (FAQs) (42KB).
FAQs
You should declare the value of all your standard-rated and zero-rated purchases in Box 5 (excluding the GST amount). These include all purchases made by you including imports and other expenses incurred in the course or furtherance of your business.
You are, however, to leave out the following:
- wages and salaries;
- money put into and taken out of the business by you;
- loans, dividends and gifts of money;
- purchases for purely private or personal use;
- purchases for non-business activities;
- expenses incurred for non-business entertainment;
- club subscription fees (including entrance fees);
- medical expenses and employee insurance, paid on behalf of your staff, which is not covered under the Workmen's Compensation Act/Work Injury Compensation Act/Industrial Relations Act;
- purchase price and maintenance cost of motor cars except for Q-plated motor car with COE issued before 1 Apr 1998;
- purchase price and maintenance cost of SZ-plated motor cars incurred on or after 1 Jul 1999;
- purchases from non-GST registered suppliers;
- exempt purchases (e.g purchase and lease of residential properties and financial services received);
- in-bond purchase of goods (e.g. purchase of goods within the Zero GST (ZG) warehouse and within licensed warehouses); and
- purchase of goods made within free trade zone but not cleared through Singapore Customs.
Box 1 to Box 8: You are required to fill in the revised figures inclusive of all adjustments to be made.
Box 9: This is the amount of net GST declared in Box 8 (Net GST to be paid to IRAS) of the last F5/F7/F8 for the same accounting period.
Box 10: This is the difference in the GST amount between Box 8 (Net GST to be paid to IRAS) and Box 9 (Net GST paid previously for this acounting period). It is the additional GST to be paid or claimed from IRAS. If the errors do not involve GST, the figure in Box 10 (Difference to be paid to IRAS) should be "0".
You need to report the total value of exempt supplies in Box 3 of the GST F5.