Rikvin Provides Singapore GST Services (DOC) by AshleeWinslet

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Rikvin provides Singapore Company Registration service including securing your Singapore Employment Pass and Singapore EntrePass Visa for Singapore Business Migration.

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									Rikvin Provides Singapore GST Services

If a company registered in Singapore earns more than S$1 million taxable revenues
annually, it needs to register for a GST. A similar concept can be supposed of a
company that with its current taxable supplies incurs a valid ground to pre-determine that
its annual profits shall reach or exceed S$1 million.

Introduced in Singapore in 1994 of April, the Goods and Services Tax or GST in its
abbreviated form is a consumption tax levied upon the import of goods as well as
supplies of goods and services in Singapore. In other countries, it is known as Value
Added Tax

Companies that fall into the categories mentioned at the onset are given 30 days from
the time it is deemed liable to register with Inland Revenue Authority of Singapore or
IRAS.

Rikvin bestows professional services in assisting companies in the city-state especially
in matters pertaining to compliance with requirements like GST.

“IRAS is the authorized agency to provide the GST F1 or Application for GST
Registration, which must be completely filled up and submitted to the GST comptroller
along with the required documents as mentioned in the form,” says Rikvin referring to a
private limited company.

For partnerships on the other hand, Rikvin continues: “It is the GST F3 or Notification of
Liability to be Registered: Details of All Partnerships and Partners, together with GST F1
to comptroller.”

All other business structures can register for GST including government bodies, statutory
boards, non-profit organizations, clubs and associations as well as management
corporations or organizations.

“After registration, these companies are qualified to levy the tax on its clients. Included in
its responsibilities among others are accounting for GST on all taxable supplies,
maintaining all business accounts and records for at least 5 years, and e-filing returns
even if there are no business transactions or taxable supplies made and paid,” shares
Rikvin.

GST group registration is allowed in Singapore. Under such feature, it lets several
companies to form a group and centralize their administration for GST reporting
purposes. Also, there is one company nominated representing all members.

“Group registration is eligible if one of the companies controls each of the other or all of
them or if 2 or more persons carrying on a business in partnership control all of them,”
elucidates Rikvin.

When availed of its services, Rikvin shall register a company for GST Singapore in its
behalf after a thorough assessment has been made to determine the impact of such
registration in its business. Rikvin even offers GST filing services in monthly, quarterly,
and semi-annually.
About the Publisher:
Rikvin has successfully helped foreign and local entrepreneurs form a Singapore
company. The company provides complete corporate solutions to investors and
entrepreneurs both local and abroad. Among its specializations are Singapore company
registration, Income Tax Singapore preparation and providing professional services
relating to financing and compliance services.

Rikvin assures its clients of confidence in dealing with every transaction. Its employees
maintain competence and above all, Rikvin’s principles adhere to business ethics and all
applicable laws. Its goal is to provide a highly personalized and professional service
worthy of our clients loyalty.

“Our phones are answered during business hours by specialists and not by an
answering machine. We appreciate the value of your time and understand that a person
cannot be replaced by technology. This is especially true when it comes to making
important business decisions.”

For more information, visit:
Rikvin PTE LTD
20 Cecil Street, #14-01, Equity Plaza, Singapore 049705
Main Lines : (65) 6438 8887
Fax : (65) 6438 2436
Email : info@rikvin.com
Website: http://www.rikvin.com/

								
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