GST F5
Each quarter with its due date
Every quarter shows its due date, one month after the quarter ends, and whether it is filed. Box 5 and Box 7 come from your confirmed receipts.
GST F5 returns ›Sole proprietors
GST and expense records for sole proprietors
For GST-registered sole proprietors: input tax tracked on every receipt and F5 figures each quarter, alongside the expense statement for Form B.
What you deal with
- 01F5 due one month after each quarter
- 02Input tax tracked in a spreadsheet
- 03Tax invoices missing when it is time to claim
GST F5
Input tax from the receipts themselves
GST is worked out at 9/109 of the total when a receipt shows GST, and set to zero when it does not. Box 7 adds up as you confirm.
GST F5 returns ›GST F5
Tax invoices tracked
Receipts that still need a tax invoice are listed, so Box 7 only counts input tax you can support.
GST F5 returns ›Expenses you are likely to record
- Input tax on business purchases
- Business running costs
- Equipment, through capital allowances
Whether each one is deductible depends on its business purpose. The guides below set out the IRAS rules.
Useful features that you will need
- GST F5 returnsFor GST-registered people: GST worked out on each receipt, claimable input tax tracked, and Box 5 and Box 7 of your F5 ready each quarter with the due date shown.GST F5 returns ›
- Fixed assetsRegister laptops, phones and equipment as fixed assets. Tallycent depreciates them monthly by the method you choose, including the IRAS capital allowance write-offs.Fixed assets ›
- Fast receipt scanningPhotograph receipts or upload up to 100 photos, HEIC files and PDFs at once. Tallycent reads the merchant, date, amount, GST and currency of each one.Fast receipt scanning ›
Questions
Do I need to be GST-registered?
No. Everyone gets the expense statement. GST statements and F5 figures are there for those who are registered.
Is the free trial for every plan?
The 30-day free trial is for yearly plans only. Your card is taken at sign-up and charged when the trial ends; cancel before then and you pay nothing. Monthly plans are billed from day 1.
Is this tax advice?
No. Tallycent shows guidance from your answers and IRAS rules. You remain responsible for your GST returns and tax filings.