How to rectify errors in GST Return in Singapore?

Rectification / Amendment of errors in GST Return in Singapore:

You may request for a GST F7 for the affected prescribed accounting period at myTax Portal to disclose the errors made. Please complete the GST F7 with the revised figures (including all adjustments) for all boxes as it will supercede the previous GST return (GST F5 or a previous GST F7) submitted for the accounting period.

However, depending on the nature and amount of the error made, you may be allowed to adjust for the error in your GST F5 for the next accounting period.

Correcting Errors in Your GST Return:

If you have made errors in your submitted GST F5/ F7/ F8 forms, you should file GST F7 to correct the errors.

Administrative Concession by IRAS for Correcting Errors:

As an administrative concession, you may choose to adjust for the errors made in your next GST F5 if you meet both of these criteria:

1. The Net GST amount in error (i.e. output tax error – input tax error) for all the affected prescribed accounting periods is not more than $1,500; and
2. The total non-GST amounts in error for (each of) the affected accounting period(s) is not more than 5% of the total value of supplies declared in the submitted GST return (i.e. Box 4). In the case where there was no supply made in the affected accounting period, the 5% rule applies to the total value of the taxable purchases (i.e. Box 5).

However, the administrative concession does not apply to:

• Errors that affect Boxes 9 to 12 of your past GST F5.
• Errors made in your last return, GST F8.

ACHI can assist you from registration of GST with quarterly Return submission until cancellation of GST registration with IRAS.