Chart of Accounts for GST Singapore
Tax Accounts configuration based on Singapore Accounting.
Tax Categories
- Categorize your tax codes into five categories by selecting proper value:
- Standard Rates
- Zeroed
- Exempted
- MES
- Out Of Scope
Set Tax group = ‘Zeroed’ for Purchase Tax 7% TX-N33.
Set Tax group = ‘Out Of Scope’ for Sales Tax 0% OS.
Customer Invoice
Customer Invoice with Taxes as per Singapore Localization.
Supplier Invoice
Supplier Invoice with Taxes as per Singapore Localization.
GST Analysis Report
GST-F5 Summary Report
The GST-F5 report includes details such as standard-rated, zero-rated, and exempted, out of scope, mes, purchases and sales in a regulated format.
GST-F7 Summary Report
If you have made errors in your submitted GST F5 forms, you should file GST-F7 to correct the errors.
