Jackson Cai Weiqiang
Executive Director, Goods & Services Tax
Are You Ready for GST InvoiceNow?
As part of IRAS’ digitalisation roadmap, GST-registered businesses will be required to transmit invoice data to IRAS using InvoiceNow-Ready Solutions via the InvoiceNow network. This marks a fundamental shift in how invoices are issued, captured, and reported for GST purposes.
Mandatory participation will be implemented progressively, in the following phases:
What Does This Mean for Your Business?
Businesses must ensure their invoicing systems are InvoiceNow-ready and capable of transmitting GST-relevant invoice data accurately, securely, and on a timely basis to IRAS.
Available Options to Become InvoiceNow-Ready
Businesses can choose from several InvoiceNow-ready options depending on their operational needs and system maturity:
How BDO Can Help?
A flexible, customised GST InvoiceNow offering from managed services to enterprise integration and end-to-end GST digitalisation.
1. GST InvoiceNow Support Services
A tailored solution where BDO provides a secure platform and technical support to facilitate the transmission and receipt of invoice data via the InvoiceNow network between your business, IRAS and counterparties. Ideal for businesses with low transaction volumes that require a compliant, low-effort solution without system integration
2. GST InvoiceNow Enterprise Solution
Seamless integration of your ERP or finance system with our IMDA-accredited Access Point (AP) partner, enabling automated invoice data flow through the InvoiceNow network to IRAS and counterparties. Suitable for medium to large businesses with complex systems and high transaction volumes.
3. End-to-End GST Digital Solution
A comprehensive digital solution supporting businesses from InvoiceNow through to GST reporting and ongoing compliance, providing:
- InvoiceNow-ready e-invoicing aligned with IRAS requirements
- Automated data capture and validation to identify errors and compliance risks
- Streamlined GST reporting and return preparation
- Audit-ready digital records that scale with evolving regulatory requirements
4. Implementation & GST Configuration Support
End-to-end project support, including implementation management, tax code mapping, and system configuration, to ensure a smooth and compliant transition.
