Tax Code : Standard Supplies SR (Customer)

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A GST registered trader (your company, if you are registered for GST) must charge and account GST at 7% for all sales of goods and services made in Singapore unless the supply qualifies for zero-rating,exemption or falls outside the scope of GST Act. The GST collected from the (your) customer is called Output tax. The value of sale and corresponding output tax must be reported in the GST Returns.

Watch video : Pre-set customer id fast code [S] to Tax code [SR]


If your company is not GST registered, change the Percentage to zero (0)
See FAQ - Not GST registered

 

Sample Report : GST Standard rated supplies Sales

 

 

Learn how to record your sales with GST


 

Related Topics

Sales Journal , Credit Journal(Note)l

 

Company Profile , GST registration number

 

Change of GST Rate

   

        GST Report

 

     

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