Do I have to register for GST?
In most cases, registering for GST is compulsory when:
- the turnover of your business is more than $1 million for the past 12 months; or
- you are currently making sales and you can reasonably expect the turnover of your business to be more than $1 million for the next 12 months.
Otherwise, you can choose to be voluntarily registered for GST. Companies with annual revenue of below S$1million, GST registration is optional.
You may apply for voluntary GST registration even though you are currently not liable for compulsory registration.
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