If your annual revenue, based on calendar year is nearing or had exceeded SGD1,000,000 , you need to register your business to be a GST registered with IRAS.
As such, your bill to each customer must include the component of GST output tax at the prevailing rate.
All local purchases with local vendors that are also GST registered will also be recorded with the GST input tax.
As of 20/5/2020, Realtimme Cloud is the first company in the list of 57 companies, to satisfy the 5 recommended features requested by IRAS- GST department and
was awarded 5 ticks to the recommendation
To find out the IRAS accounting software listing, click here
Realtimme Cloud Accounting is listed in the Accounting software register (ASR) as Realtimme Cloud Solutions version 3.00
Click here to find out more of how we help our clients to be GST compliance