GST Registration - Security Deposit

ArevA · Post by **ArevA** » Fri, 03 Apr 2009 11:32 am

Hi,
I am new here... Greetings everybody!

I applied for a GST registration for my new incorporated company in Singapore. Registration was voluntarily (below 1 mln per first year)... I am an importer so I thought I’ll apply voluntarily. Anyway a few days later I received a letter from an officer with 12 questions, which i kindly answered and attached all corresponding dox. 1 week later received another letter asking for a security deposit 20K for 1 year in order to allow me to register for GST.
Has anyone come across this issue? Is there any way around? Any info is much appreciated. Thanks

Post by **Strong Eagle** » Fri, 03 Apr 2009 11:57 am

Have you seen this webpage?

http://www.iras.gov.sg/irasHome/page04.aspx?id=1822

ArevA · Post by **ArevA** » Fri, 03 Apr 2009 12:05 pm

thanks for the lnk...
does it mean my nominee director has outstanding income tax/penalties ?

Post by **Strong Eagle** » Fri, 03 Apr 2009 12:40 pm

ArevA wrote:thanks for the lnk...
does it mean my nominee director has outstanding income tax/penalties ?

You might ask him. Could also mean that because you have a nominee director (and not yourself) that a deposit is warranted.

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GST Registration - Security Deposit

GST Registration - Security Deposit

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