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Home > Industries > Retail > Programmes & Assistance > Goods And Services Tax > Goods and Services Tax (GST) Assistance Scheme
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Goods And Services Tax (GST) Assistance Scheme

Get a grant to lower the cost of setting up a GST-compliant accounting IT system when becoming a GST-registered trader. GST traders can collect GST and claim back for GST paid to suppliers.   

For who?

  • All local businesses that have opted for voluntary GST registration with the Inland Revenue Authority of Singapore (IRAS) and wish to set up or improve their accounting system to be GST-compliant.

    • GST traders can collect GST and claim for GST paid to suppliers.

    • Voluntary registration applies only to businesses whose annual turnover is S$0 - S$1 million. It is compulsory to register for GST if your annual turnover is more than S$1 million.

  • Your business qualifies if:

    • your business is registered in Singapore
    • your fixed assets are worth S$0 - S$15 million*
    • you have 0 - 200 employees (for non-manufacturing companies)*
    • you have not previously registered as a GST trader
    • your voluntary GST registration is approved between 1 March 2007 and 31 March 2009

*Computed on a group basis. Where 20% - 100% of your shares are owned by companies, the total value of your fixed assets and employees is calculated three levels up. Where your companies owns 51% - 100% of another company (subsidiary), your subsidiary's fixed assets and employees will also be added to the computation.

For what?

  • To defray part of the cost of setting up a GST-compliant accounting IT system.

How much?

  • The maximum grant amount is S$5,000 per company. It can be used to pay for:

    • 100% of GST-compliant accounting software costs
    • 50% of qualifying costs

  • Qualifying costs include:

    • professional fees and training costs charged by third-party IT consultants
    • IT hardware costs (refer to application form (WORD) for qualifying items)
    • one time activation charge and 1 year Internet subscription fees for a new Internet connection

*All qualifying costs must be incurred after project commencement or effective GST registration date, whichever is earlier.

Things to note

  • You can apply for this grant only once.

  • Your application must be received by SPRING Singapore at least one working day before the commencement date of the project or pu