Only GST-registered businesses are allowed to charge and collect GST on their supplies of goods and services.
If you have wrongfully collected GST when you are not registered for GST, you should:
- Prepare the following documents for submission to IRAS:
- A summary listing of the sales transactions for which GST has been wrongfully collected (i.e. invoice number, invoice date, value of sale and GST collected); and
- A sample of an invoice issued for the wrongful collection of GST
- Pay the GST Amount due to IRAS via Internet Banking Fund Transfer for the amount of GST wrongfully collected. Please keep a copy of the proof of payment.
IRAS Bank account details are as follows:
Payee: Commissioner of Inland Revenue
Account Type: DBS Current Account
Account No.: 0010468669
Swift Code: DBSSSGSG
Bank Code: 7171
Please indicate "Unauthorised GST Collection" under Beneficiary Reference/ Purpose of Payment/ Remittance Information/ Payment Details field. Do not indicate your tax reference number.
- Complete the Voluntary Disclosure for Wrongful Collection of GST form and submit the documents mentioned above.