GST Giro

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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 the 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.

: Direct GST payment to custom for import purchases

Assuming there was a direct deduction in your bank account for GST input tax  to the Custom and Excise Department.

At [A/c Entry] , click [Payment]




Click [Others]



Follow the steps from [1] to [11]


At [7], enter the GST input tax account .

At [10], enter the tax code [IMGST] to reflect in the F5 report.


At COA (Chart of Account) select input tax account (D-G099-1) and the amount paid ($245.67). Invoice number refers to (cross reference to) the supplier Invoice number in which the goods were imported.

Note: At the Tax code, select [IMGST] to indicate as import GST. Click Save.


Click Report--> Goods & Services Tax Return

GST Report will appear as shown below.

The reference number (45879) in PV0000023 will cross reference to the PJ0000045 of the related import purchases


At GST Form 5 report, the import purchases total will be displayed as shown below. (See item 7)



Related Topics

Tax Fast code : IMGST


GST Report


Important a/c - GST Input tax




Input tax paid on behalf by freight company

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