Completing GST Return

General tips and instructions on completing your GST F5 Return are listed below.

Before Filing Your GST F5 Return

  1. The form GST F5 Return has thirteen boxes that you must fill.
  2. You can access your GST returns by logging in to myTax Portal.
  3. All figures reported in the GST Return must be in Singapore Currency.
  4. If you have transactions in foreign currency, please refer to Foreign currency transactions on how you should report them in Singapore currency.
  5. Even if you do not have any transactions during the prescribed accounting period, you are still required to e-File a nil return (i.e. fill in '0' for all boxes).

For more details, you may also refer to the e-Tax guide on How Do I Prepare My GST Return (1.31MB).

You should also check and make sure that you avoid these errors commonly made by businesses in the GST returns.

Box 1 refers to the value of the supplies which are subject to GST at the standard rate of 7%. The value you enter in this box should not include the GST amount charged.

For example, if you sell goods for $100 and charge $7 of GST, you should only enter $100 in Box 1. The GST of $7 should instead be included in Box 6 (Output Tax Due).

What to IncludeExample/Details

Supplies of goods made in the course of your business

Sale of goods to customers ( at net discounted price if discount is given )

Deposits received as part payment

Consignment sales

Net takings from betting and gaming transactions

Construction of residential or commercial properties

Lease of commercial properties or hotel rooms

Sale of new motor vehicles (value should exclude ARF, COE, RF and road tax)

Hire purchase (applicable to seller of goods and financier)

Sale of used vehicle under Discounted Sales Price Scheme (full value)

Sale of used goods under the Gross Margin Scheme (full value)

Inter-company sale of goods (if not under group or divisional registration)

Supplies of services made in the course of your business

Lease of machinery

Management fee

Professional fee

Commission

Maintenance fee

Supplies to staff

Takings from in-house vending machine, canteen

takings, etc.

Sale of business assets

Sale of factory building

Sale of private car registered under employee's name but account as company's asset

Deemed supplies

Gift of goods where credit for input tax has been allowed to you and which costs >$200 (include free gift given as employee benefit)

Business assets put to personal use

Use of business premises by third party for free

Others

Trade-in of goods (value of supply is the full value of the goods traded-in)
Sale of goods imported on behalf of an overseas principal (i.e. you are acting as a section 33(2) agent)
Reimbursement of expenses from third party (e.g. subsidiary, customer)

What to DeductExample/Details

Reduction in the value of standard-rated supplies for which a credit note has been issued or a debit note has been received

Discount and rebate
Sales return

Items You Should Not Fill in Box 1

  • Out-of-scope supplies
  • The sale of goods delivered from a place outside Singapore to another place outside Singapore is an out-of-scope supply. An example of this is the sale of chocolates that are shipped directly from your factory in China to your customer in Japan.

  • GST that is wrongfully collected before your effective date of GST registration
  • Do not include this amount in Box 1. Instead, please write to us and provide details of these transactions together with cheque payment for the wrongful GST collection.
    Please refer to Voluntary disclosure for wrongful collection of GST for more details.

Supplies of international services as listed in section 21(3) of GST Act

What to IncludeExample/Details

Supplies of goods which are exported

Exporting goods out of Singapore (must maintain required documents to support your zero-rating)

Providing international services (not all services provided to overseas customers are zero-rated supplies)

 
What to DeductExample/Details

Reduction in the value of zero-rated supplies for which a credit note has been issued or a debit note has been received

Discount and rebate
Sales return

A GST group can calculate its total value of exempt supplies for a prescribed accounting period by summing the value of each type of exempt supplies (i.e. to compute the total value of each type of exempt supplies made by all members of the group then sum up the absolute value of each type of exempt supplies).
What to IncludeExample/Details

Sale and lease of residential properties

Sale and lease of residential properties

Supplies of financial services under Fourth Schedule to GST Act

Interest relating to bank deposit/loan/trade debt
Issue, allotment or transfer of ownership of any equity or debt security
Absolute value (i.e. drop negative sign, if any) of net realised exchange gain/ loss for each prescribed accounting period

Sale of investment precious metals in Singapore New!

Sale of Investment precious metals in Singapore

The amount in this box is your total supplies made for the accounting period. It will be automatically computed after you have filled in the amounts for Box 1, Box 2 and Box 3.

Box 5 refers to the value of your standard-rated purchases (including imports) for which the GST incurred can be claimed , and zero-rated purchases. The value to be entered in Box 5 should exclude any GST amount.

For example, if you buy or import goods for $100 with $7 of GST, you should include $100 in Box 5 and $7 in Box 7 (Input Tax and Refunds Claimed).

You should track the value of each purchase for Box 5 separately from its input tax to claim. In other words, the value in Box 5 should not be computed by re-grossing the value of input tax to claim (Box 7).

What to IncludeExample/Details

Value of Standard-rated purchases (i.e. purchases which your supplier charge GST)

Your declaration should be based on the amount reflected in the tax invoice.

Purchase of goods or services for business purposes from GST-registered businesses

Purchase of goods at net discounted price

Purchase of used goods under the Gross Margin Scheme (full value inclusive of GST since the GST amount is unknown to you)

Imports
Your declaration should be based on the value of import reflected in the import permits.
Where the value reflected in the invoice issued by your supplier is different from this value, you should reconcile the 2 values. For over-declaration or under-declaration of value of import, please refer to Mistakes in import declaration for what you should do.

Import of goods for business purposes

Import of goods under MES/approved third party

logistics company scheme

Import of goods under licensed warehouse or zero

GST warehouse scheme

Removal of goods from licensed warehouse or zero

GST warehouse scheme

Import of goods brought in under GST (Import

Relief) Order (e.g. goods imported by parcel post)

Goods imported on behalf of an overseas principal (i.e. you are acting as a section 33(2) agent)

Value of Zero-rated purchases from GST-registered suppliers

International freight charges
International call charges

Purchase of air tickets

  • Overseas airport taxes are outside the scope of GST. However, you may report the total airfare (including overseas airport tax) as your taxable purchases in your GST return if you are unable to segregate the airport taxes from the airfares. 

Value of purchases made before date of GST registration for which you wish to claim the GST incurred (applicable to your first GST return only)

GST incurred on business purchases (input tax) before your GST registration can be claimed if you satisfy all the conditions in Self-Review Of Eligibility In Claiming Pre-registration Input Tax (188KB) checklist. You do not need to submit the checklist to us but you need to maintain it as part of your records.

What to DeductExample/Details

Reduction in the value of taxable purchases for which a credit note has been received or a debit note has been issued

Purchase returns
Discount given by your supplier

Value of taxable purchase where you need to repay the input tax claimed to the Comptroller of GST

If you have not paid your supplier within 12 months from the due date of payment and have claimed input tax, you are required to repay the input tax claimed to the Comptroller of GST.
Please refer to If I have claimed GST before paying my supplier for more details.

Items You Should Not Fill in Box 5

  • Expenses where input tax is disallowed . These include:
    • Family benefits
    • Employees' medical and insurance expenses
    • Club subscription fees
    • Costs and running expenses of a motor car (except for company cars which the COE has been renewed or extended before 1 April 1998)
    • Any transaction involving betting, sweepstakes, lotteries, fruit machines or games of chance
  • Purchases for purely private use (i.e. not for business use)
  • Purchases which are exempted from GST (e.g. purchase or lease of residential properties, bank charges, import or purchase of investment precious metals)
  • Purchases from non GST-registered businesses
  • Wages and salaries paid to your employees

The amount to fill in Box 6 is the GST you have charged on your standard-rated supplies.

For example, if you sell goods for $100 and charge $7 of GST, you should include $100 in Box 1 (Total Value of Standard-Rated Supplies) and $7 in Box 6.

Since differences may arise due to different rounding methods used during computation, do not calculate the value of the output tax due by using the value of standard-rated supplies in Box 1. You should instead track the value for Box 6 separately from the value of standard-rated supplies.

What to IncludeExample/Details

GST charged on the items included in Box 1

GST charged on your sale of goods to local customers, government, tourist, etc.
GST charged on your provision of services to local customers, government, tourist, etc.

GST on debts that are recovered after you have claimed bad debt relief

You should repay IRAS the amount calculated in accordance with the following formula:

Bad debt relief formula

 

What to DeductExample/Details

Reduction in GST charged for which a credit note has been issued or a debit note has been received

Reduction in GST amount for:

Discount and rebate

Sales return

The amount you fill in Box 7 includes:

  • GST incurred for your purchases, subject to the conditions for claiming input tax . For example, if you buy or import goods for $100 with $7 of GST, you should include $100 in Box 5 (Total Value of Taxable Purchases) and $7 in Box 7.
  • Other GST refunds to claim (e.g. bad debt relief) in Box 7.

Please do not calculate the value of the input tax by using the value of taxable purchases in Box 5. You should instead track the value for Box 7 separately from the value of taxable purchases.

What to IncludeExample/Details

GST incurred on the standard-rated purchases included in Box 5

GST incurred on the purchase of goods or services for business purposes

GST incurred on imports included in Box 5.

Your declaration should be based on the GST amount reflected in the import permit.

Refer to Mistakes in import declaration if you declared the wrong import value or importer.

GST incurred on the:

Import of goods for business purposes

Goods imported on behalf of an overseas principal (i.e. you are acting as a section 33(2) agent)

Tourist refund

If you operate the Tourist Refund Scheme (TRS) and satisfy all conditions, you may claim the amount of GST refunds that you made to your tourist customer. For details on the conditions and procedures, please refer to Tourist Refund Scheme .

Bad debt relief

If money owed to you cannot be recovered, you can claim the output tax which you have previously accounted for and paid to IRAS. Please ensure that you satisfy all the conditions in the Self-review of Eligibility to Claim Bad Debt Relief (130KB) checklist before you make the claim. You do not need to submit this form to IRAS but you are required to keep this self-review form as part of your accounting records.

GST incurred for purchases made before date of GST registration which you wish to claim (applicable to your first GST return only)

Please ensure that you satisfy all the conditions in Self-Review Of Eligibility In Claiming Pre-registration Input Tax (188KB) checklist. You do not need to submit the checklist to us but you need to maintain it as part of your records.

What to DeductExample/Details

Reduction in GST incurred for which a credit note has been received or a debit note has been issued

Reduction in GST amount for:

Purchase returns

Discount given by your supplier

Repayment of input tax claimed to Comptroller of GST

If you have not paid your supplier within 12 monthsfrom the due date of payment and have claimed input tax, you are required to repay the input tax claimed to the Comptroller of GST.

Please refer to If I have claimed GST before paying my supplier for more details.

Items You Should Not Fill in Box 7

  • GST incurred on the purchase of goods and services for private use (i.e. not for business use)
  • Input tax claims which are disallowed . For example, GST incurred on the following expenses:
    • Family benefits
    • Employees' medical and insurance expenses (except for those that are obligatory under the Work Injury Compensation Act or under any collective agreement within the meaning of the Industrial Relations Act)
    • Club subscription fees
    • Costs and running expenses of a motor car (except for company cars which the COE has been renewed or extended before 1 April 1998)
    • Any transaction involving betting, sweepstakes, lotteries, fruit machines or games of chance
  • GST incurred on purchases made under the Gross Margin Scheme (since GST payable is unknown)

The amount in this box is the difference between Box 6 (Output Tax Due) and Box 7 (Input Tax and Refunds Claimed). It will be automatically computed after you have filled in the amounts for Box 6 and Box 7.
If the net GST to be paid to IRAS is less than $5, you do not need to make any payment. Similarly, if the net GST to be claimed from IRAS is less than $5, no refund will be made to you. The amount will also not be carried forward to the next accounting period.

This box is to be filled only by businesses under the Major Exporter Scheme , Approved Third Party Logistics Company Scheme or other Approved Schemes only. If you come under any scheme(s):

  • Please fill in the value of your imports under the scheme(s).
  • The value of your imports should be based on the import permit that Singapore Customs issued to you.
  • GST payable on the imports will be suspended. Therefore, you should not have any input tax to claim. Do not include any GST in Box 7 (Input Tax and Refunds Claimed) of your GST return.

Example

You have imported goods (including goods belonging to your overseas principal) using your Major Exporter Scheme status. You should declare the value of the goods imported in Box 5 (Total Value of Taxable Purchases), as it is still a taxable import even though GST is suspended under the scheme, and in Box 9.

If you have claimed any GST refunds made to tourists under the Tourist Refund Scheme in Box 7 (Input Tax and Refunds Claimed), please indicate 'Yes' for this box and indicate the amount claimed.

If you have made bad debt relief claims in Box 7 (Input Tax and Refunds Claimed), indicate 'Yes' for this box and state the amount claimed.

Before you make the claim, make sure you satisfy all conditions of the Self-review of Eligibility to Claim Bad Debt Relief (130KB) checklist.

This box only applies when you file your first GST return. It will no longer be available for subsequent GST returns. If you have made pre-registration GST claims in Box 7 (Input Tax and Refunds Claimed), indicate 'Yes' for this box and state the GST amount claimed.
Before you make the claim, make sure you satisfy all conditions of the Pre-registration GST: Checklist for Self-Review of Eligibility of Claim (188KB) checklist.

Revenue refers to income derived from your main income sources such as:

  • Provision of services
  • Sale of goods
  • Other operating income (i.e. gross sales/ gross income/ turnover)

Please exclude non-operating income such as:

  • Income from sale/disposal of fixed assets
  • Grants received
  • Gross receipts collected on behalf of others

The value of revenue earned can be extracted from the revenue items (e.g. sales) in your profit & loss accounts, whether they have been audited or not.

As this value is based on your accounting treatment, it may be different from the amount declared in Box 4 which is your total supplies based on GST requirements.

If you are unable to provide an accurate value at the point of your GST reporting, you are allowed to report the figure based on your best estimate.

Revenue figure should be reported according to the prescribed accounting period covered in the GST return.

For more information on this revenue item, please refer to our Frequently Asked Questions (FAQs)(153KB).

  • I made an error in the GST return that I had submitted. What should I do?

    You may request for a GST F7 for the affected prescribed accounting period atmyTax Portal to disclose the errors made. Please complete the GST F7 with the revised figures (including all adjustments) for all boxes as it will supercede the previous GST return (GST F5 or a previous GST F7) submitted for the accounting period. For step-by-step instructions on requesting for GST F7, you may download a printable copy of GST e-Filing User Guide (4.33MB).

    However, depending on the nature and amount of the error made, you may be allowed to adjust for the error in your GST F5 for the next accounting period. Please refer to Correct errors made in GST return for more details on the conditions.

RATE THIS PAGE

  • Strongly Disagree
  • Strongly Agree

Information is easy to understand.

Information is useful.

Information is easy to find.

Please email us if you would like us to respond to your enquiries.