De-registration of GST.

[cheebye]

Hi bro n sis,

A friend of mine just shifted his production to malaysia. And singapore left only retail shop. He wants to de-register his GST because his turnover after his shifting of production will be less than 1 million turnover.

As he has less deductable purchase gst, he feels troublesome to do GST for the government.

Can you bro and sis advise on this matteR?

I myself think he should de-register because he has got less purchase GST for deductions and is very troublesome to do GST every 3 months for the government.

Please advise.

TQ

 

[I_Hate_Pappies]

Get his accountant to settle for him.