How to cancel your GST registration

There are 3 parts to the cancellation of GST registration.

1. When do you need to de-register?
   You can cancel your registration when your business has ceased or when your business is sold as a whole to another person or when your sales figures is not more than $1 million. On the other hand, if you have voluntarily registered for GST, you have to remain GST registered for 2 years unless your business has ceased.
   
   
2. How to apply for cancellation of GST registration?
   You can apply to de-register from GST by completing either the online GST F9* or the paper form GST F9 Application for Cancellation of GST Registration  (206KB). Please accompany this form with whatever relevant documents as declared in the form. An example is to submit your ACRA Business Profile (showing de-registration of business) when you declared that the business has been terminated.
   
   * Any of your employees or third parties who has been duly authorised to access myTax Portal to e-File your GST returns can apply for cancellation of GST registration online via myTax Portal on your behalf. Please refer to the “Apply for Cancellation of GST Registration” User Guide for more information.
   
   
3. Accounting for GST for your assets when you are cancelled.
   In your final return (GST F8), you will have to account for output tax on all the business transactions up till the last day of GST registration. If the value of all the taxable assets held on hand as at the last day of registration is more than $10,000, GST has to be accounted at the prevailing rate and based on the Open Market Value of the assets as at last day of registration.
   
   However, if you have sold the whole business as a transfer of going-concern, you need not account for GST on the assets held on hand. If the value of assets held is not more than $10,000 or previously you are not entitled for input GST claims, you need not account for GST on these assets as well.
   
   Your cancellation date might be delayed if you have non-residential property held at the point of de-registration. The sale or disposal of these assets is subjected to prevailing GST. You are required to account and report the GST for the non-residential property in your return to IRAS.

For GST purposes, all currency/monetary amounts refers to Singapore dollars. 

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