The GST code used in the MoneyWorks transaction follows the GST code set in the account used.

The standard rated GST set in MoneyWorks is 7%, pre-loaded when you first created the company file with localisation setup as Singapore

Now, you can have an option to set the GST rounding to follow the Banker's rounding method or round up to the nearest half cents.

The Customs (or the forwarder may pay on your half) will impose the GST on the imported goods when goods arrived in Singapore.

There are two methods of computing the GST on Tax Invoice when the invoice contains more than one item with the standard rated supplies....