General GST Schemes

Key requirements

Cash Accounting changes payment-based accounting for eligible small businesses. The Discounted Sale Price Scheme taxes 50% of a used vehicle’s price without prior IRAS approval, while the Gross Margin Scheme applies to qualifying second-hand dealers’ goods bought without GST. HCES supports hand-carried export zero-rating through Changi Airport, and tourist refunds use eTRS. IGDS defers import GST to the monthly return payment date; MES instead suspends GST on qualifying imports and warehouse removals. The Customs-administered Zero GST Warehouse scheme suspends tax while qualifying overseas goods remain warehoused, with local-market removal creating tax implications. Choose the detailed scheme by its actual benefit rather than treating deferment, suspension and zero-rating as interchangeable.