Tax Code : GST- Import Purchase, IMGST

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All goods imported into Singapore are subjected to duties and/or GST.
GST is calculated on the value which includes cost, insurance and freight plus customs duty payable (if any) , unless the imported goods are for storage in a licensed warehouse or Free Trade Zone, or imported under the Zero GST  Warehouse Scheme, or under the Major Exporter Scheme.
If you are a GST registered trader and have paid GST to Singapore Customs on your imports, you can claim input tax deduction in your GST returns submitted to the Comptroller of GST.

This tax code is created in Realtimme to separate the transactions from import purchases [IM] for the purpose of claiming the GST input tax amount from the revenue department. This tax code shall apply to both users in Singapore and Malaysia



At Purchase Journal,

At GL payment entry,



Sample Report - GST report showing Input tax due to import purchases


Related Topics

Freight  with input tax paid on behalf


Direct payment to input tax account





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As at 03        02/8/2016