Summary
IRAS released version 5 of its FAQs on the GST InvoiceNow requirement, revising the answer on grants for InvoiceNow-Ready Solutions. The FAQs restate the phase-in for existing GST-registered businesses, starting 1 April 2028 for those with annual supplies up to S$200,000 and running in stages to 1 April 2031, with overseas and reverse-charge-only registrants excluded.
What it means for you
Indian groups with Singapore GST-registered entities, including those invoicing through Indian shared-service centres, should plan InvoiceNow transmission now.
This summary is general information, not legal advice. The outcome of any case depends on its facts; read the source and take advice before acting.
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