Singapore GST - Support Gross Margin Scheme (GMS)
Kindly provide the functionality to support GST reporting for transactions under the Gross Margin Scheme (GMS) in compliance with InvoiceNow requirements, including:
- GMS-specific tax rate
- GST F5 calculation
- A dedicated field to populate the mandatory invoice note required for GMS transactions
Purpose: To ensure GMS transactions can be accurately reported and transmitted to IRAS in compliance with the relevant GST and InvoiceNow requirements.
1
vote
Liu Ying Law
shared this idea
Thanks for sharing your idea, and letting us know the changes that matter most for you.
We've reviewed your idea and now it's up to the community to get behind and support it. Make sure you share your idea with any colleagues that this could benefit so they can add their vote too!
Along with votes, other members can now comment to share additional detail about how your idea could improve their experience with Xero.
