What goes into each box - Singapore GST F5 Return

Note:

Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.

The following table shows how NetSuite uses the tax codes to get the values for the Singapore GST F5 Return.

Box		Tax Codes	Amount
Supplies
1	Total value of standard-rated supplies	Sales NET amount SR-SG, DS-SG,SRCA-S-SG, SROVR-RS-SG, SROVR-LVG-SG, SRLVG-SG + Purchases NET amount SRRC-SG, SRCA-C-SG	Net amount
2	Total value of zero-rated supplies	Sales NET amount ZR-SG	Net amount
3	Total value of exempt supplies	Sales NET amount ES33-SG, ESN33-SG	Editable field but defaults to net amount of transactions with tax property ‘Exempt' (ES33 and ESN33 tax codes) Absolute value of net realized gain/loss arising from customer payments in foreign currency
4	Total value of (1)+(2)+(3)		Boxes 1+2+3
Purchases
5	Total value of taxable purchases	Purchases NET amount TX-SG, TX-E33-SG, TXCA-SG, TXCA2-SG, TX-N33-SG, TX-RE-SG, ZP-SG, IM-SG, ME-SG	Net amount
Taxes
6	Output tax due	Sales Tax Amount SR-SG, DS-SG, SROVR-RS-SG, SROVR-LVG-SG, SRLVG-SG + Purchases Notional Amount SRRC-SG, SRCA-C-SG	Editable field but defaults to the amount of GST output tax from the Saved Report
7	Input tax and refunds claimed	Purchases Tax Amount TX-SG, IM-SG, TX-E33-SG, TX-N33-SG, TX-RE-SG + Purchases Notional Amount TXCA-SG, TXCA2-SG	Editable field but defaults to the amount of GST input tax from the Saved Report
8	Equals: Net GST to be paid to IRAS		Box 6 - Box 7
Applicable to Taxable Persons under Major Exporter Scheme/Approved 3rd Party Logistics Company Scheme Only/Other Approved Schemes Only
9	Total value of goods imported under MES/ Approved 3PL/ Other Approved Schemes	Editable field + Purchase NET amount ME-SG	Net amount
Did you make the following claims in Box 7?
10	Did you claim for GST you had refunded to tourists?		Editable field (if Yes)
11	Did you make any bad debt relief claims and/or refund claims for reverse charge transactions?		Editable field (if Yes)
12	Did you make any pre-registration claims?		Editable field (if Yes)
Revenue
13	Revenue for the accounting period		Editable field but defaults to the amount from Box 4
14	Did you import services and low-value goods subject to GST under reverse charge?		Editable field + Purchase net amount SRRC-SG
15	Did you operate an electronic marketplace to supply remote services (includes digital services and non-digital services) subject to GST on behalf of third-party suppliers?		Editable field + Sales net amount SROVR-RS-SG
16	Did you operate as a redeliverer, or an electronic marketplace to supply imported low-value goods subject to GST on behalf of third-party suppliers?		Editable field + Sales net amount SROVR-LVG-SG
17	Did you make your own supply of imported low-value goods that is subject to GST?		Editable field + Sales net amount SRLVG-SG
Import GST Deferment Scheme
18	Net GST per box 8 above		Defaults to the amount from Box 8
19	Add: Deferred import of GST payable		Editable field
20	Equals: Total tax to be paid to IRAS		Box 16 + 17
21	Total value of goods imported under this scheme		Editable field

Position your mouse pointer over the callout icon of box 19 to see the amount of GST on Imports. This amount represents the total GST of transactions with the IM tax code.
Position your mouse pointer over the callout icon of box 21 to see the Total value of goods imported. This value represents the net amount of transactions with the IM tax code.

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