Learning Objectives:

• When and how to apply for cancellation of GST registration? 
• What do you need to do after cancelling your GST registration?
On this page:

Cancelling GST Registration

Learn about GST registration cancellation criteria and post-cancellation obligations.

Learning Activity - Test Your Understanding

Q1. Company A has stopped making taxable supplies and does not intend to make taxable supplies in future. Which statement is correct?

A) Company A does not need to apply for cancellation of GST registration as its GST registration will be automatically cancelled by IRAS

B) Company A should apply for cancellation of GST registration within 30 days

C) Company A does not need to apply for cancellation of GST registration as it has not deregistered its company with ACRA

D) Company A should apply for cancellation of GST registration after it has deregistered its company with ACRA
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B) Company A should apply for cancellation of GST registration within 30 days

A business must apply for cancellation of GST registration within 30 days once:

  • it has stopped making and does not intend to make taxable supplies in future;
  • it has ceased;
  • it is transferred as a whole to another person; or
  • its business constitution has changed.

Q2. Company A has cancelled its GST registration and is preparing to file its final GST return. Company A still owns a non-residential property which it had claimed input tax on when the property was purchased for S$2 million. The property is valued at S$3 million on Company A's last day of GST registration. Which statement is correct? 

A) Company A needs to account for output tax on the property in its final GST return, based on the property's open market value of S$3 million

B) Company A needs to account for output tax on the property in its final GST return, based on the property's purchase value of S$2 million

C) Company A does not need to account for output tax on the property in its final GST return as it has not sold the property

D) Company A does not need to account for output tax on the property in its final GST return as it has cancelled its GST registration
Click for the answer

A) Company A needs to account for output tax on the property in its final GST return, based on the property's open market value of S$3 million

As Company A had claimed input tax on the purchase of the non-residential property, and the open market value of the property is S$3 million, which exceeds the S$10,000 threshold, Company A is required to account for output tax on the total open market value of the property in its final GST return.

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