GST Submission Service
GST Submission Service
Stay ahead with hassle-free GST submission
Are you a service provider or sell goods domestically? Then you are liable to pay goods and services tax (GST). You don’t want to fall into the non-compliance category so it is mandatory to file it in the given time.
Having trouble preparing GST tax? Redstone Alliance offers exclusive GST submission services to every type of business. We know calculating GST as per Singapore regulations requires expertise, so let Redstone Alliance prepare GST submission documents and file them to local authorities, All we need from you is the data necessary to compile the GST submission.
Our Services
While GST submission only refers to the tax payment for goods and services domestically, it expands to various other uses some of which are as follows:
- Accurately prepare and file GST returns with the tax authorities including compiling data on taxable sales, purchases, and input tax credits, and submitting the returns within the specified deadlines.
- Verifies the accuracy of financial data related to GST transactions including reconciling invoices, receipts, and other documents to ensure they align with GST regulations and are correctly recorded in the accounting system.
- Allow businesses to claim ITC on GST paid on purchases, which reduces overall tax liability, encourages compliance, and minimizes the tax burden on businesses.
- Reduces tax evasion, improves compliance, and helps generate more tax revenue for the government.
- Managing input tax credits is essential for minimizing the GST liability by tracking and claiming input tax credits on eligible expenses, such as purchases of goods and services used for business purposes.
Why Redstone Alliance
Advice on GST implication
You’ll structure your business as per tax compliance, be better prepared for tax audits, identify opportunities to reduce tax liability
GST health check
You’ll have reduced errors in tax calculations, avoid tax-related issues due to tax compliance, and prevent from hefty penalties
Aid with dispute resolutions
You’ll maintain cordial relations with parties, prevent dispute publicity, and dispute resolutions will be less stressful. Etc
Attending IRAS queries
You’ll avoid errors in tax calculations, incorrect tax misinterpretations, and get personal support by IRAS on unique tax issues
FAQs
When your business’s taxable turnover exceeds or is expected to exceed S$1 million in 12 months, or if you are making taxable supplies and need to comply with GST regulations.
GST exempt refers to goods and services that are not subject to Goods and Services Tax (GST) or Value Added Tax (VAT).
Requires minimum two weeks subject to the date of approval letter
Generally, you may incur a late filing fee along with interest on the outstanding tax amount
