GST & Compliance Flags

Overview

SMEOne is configured for Singapore GST through Singapore GST setup and company-level compliance flags in smeone_branding:

• GST F5 readiness — structured for periodic GST return preparation
• InvoiceNow (Peppol) readiness — e-invoicing network preparation flag

Phase 2 roadmap includes automated GST F5 filing adapter and InvoiceNow transport connector — confirm availability with your consultant.

Step-by-Step Guide

Verify GST registration on company

1. Settings → Companies → your company.
2. Confirm Country = Singapore.
3. Enter GST No. if registered.
4. Review compliance profile fields with your accountant.

Configure taxes on products

1. Open a Product.
2. Sales tab — set Customer Taxes (e.g. GST 9%).
3. Purchase tab — set Vendor Taxes (e.g. GST 9%).
4. Save — new transactions inherit correct tax.

Review GST control accounts

1. Accounting → Configuration → Chart of Accounts.
2. Locate GST accounts (examples from the Singapore GST chart):

• Input Tax (purchases)
• Output Tax / GST Payable (sales)

3. Do not create parallel GST accounts — use template accounts.

Run tax report

1. Accounting → Reporting → Tax Report (Full Accounting Kit).
2. Select period matching your GST filing cycle.
3. Export for accountant review before IRAS submission.

InvoiceNow readiness (when enabled)

1. Confirm InvoiceNow readiness flag in company settings.
2. Work with Adneti on Peppol ID registration and transport connector go-live.
3. Test e-invoice submission in UAT before production.

FAQ

Q: Does SMEOne file GST F5 directly to IRAS today? A: Phase 2 automation is planned. Current deployments prepare data — filing may be via accountant or external adapter.

Q: What GST rate is configured? A: Follow current Singapore GST rate in tax configuration. Update when statutory rate changes.

Q: How are zero-rated exports handled? A: Use appropriate tax and fiscal position on customer or product — configure with tax advisor.

Q: What is InvoiceNow? A: Singapore's nationwide e-invoicing framework (Peppol). Readiness flag indicates structural preparation.

Q: Can I issue tax invoice without GST number? A: Only if legally not registered for GST. Consult tax advisor — system should match registration status.