In Singapore, not all Company is compulsory to be GST registered. If the Company’s taxable turnover is more than SGD$ 1 million by the end of the calendar year, or they are expecting a turnover exceeding SGD$ 1 million, then it is compulsory to register GST.
A Company may voluntarily register for GST if they satisfy the following:
Business makes taxable supplies
Business makes only out-of-scope supplies
Business makes exempt supplies of financial services
Business procures services from overseas service providers
In order to initiate the GST registration, the Company must first complete the two e-learning courses which are “registering for GST” and “overview of GST”. This is to ensure that the Company understands the lying circumstances of registering GST.