Should Your Business Register for GST?

GST will be raised from 8% to 9% with effect from 1 Jan 2024. In view of the GST rate increase, this educational video covers the information that non-GST registered businesses need to know to make a well-informed decision on whether to register for GST voluntarily.

Timestamps:
01:11 - Introduction
02:15 - Qualifying for voluntary GST registration
04:42 - Factors to consider for GST registration
05:22 - Benefits of being GST-registered
19:31 - Costs of being GST-registered
30:29 - Other factors to consider before registering for GST
35:50 - Accounting software and invoicing system
40:17 - When to register for GST?
43:51 - How to register for GST?

Relevant Resources:
IRAS Webpage on Factors to Consider Before Registering for GST – https://www.iras.gov.sg/taxes/goods-s...

IRAS Webpage on Applying for GST Registration – https://www.iras.gov.sg/taxes/goods-s...

Video Guide on Registering for GST –    • Видео  

Overview of GST e-Learning course – https://elearn.iras.gov.sg/gst/overvi...

Resources for GST Rate Change - https://www.iras.gov.sg/taxes/goods-s...

Visit https://www.iras.gov.sg for the latest information.

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Reproduction or redistribution of part or all of the contents in this video in any form is prohibited. The content in the video is accurate at the time of production of the video. While every effort has been made to ensure that this information is consistent with existing law and practice, should there be any changes, IRAS reserves the right to vary our position accordingly.