Module 9: Cancelling GST Registration

Key requirements

Stopping taxable supplies permanently, cessation, whole-business transfer or specified constitution change can require a cancellation application; waiting for ACRA deregistration is not the prescribed substitute. The final F8 considers qualifying assets retained at cancellation using open-market value, not historical purchase cost. The detailed rules apply the S$10,000 total-value threshold and stated going-concern exceptions. Preserve records after cancellation and stop collecting tax only from the approved effective date. A company with no new sales can still have final GST on retained property or other assets, so closing the sales ledger alone does not finish compliance.