GST Act Requirements: For GST-registered businesses (mandatory if annual turnover > SGD 1M): Must display GST registration number and clearly state GST amount (8%, increasing to 9% in 2024)
Income Tax Act Requirements: Receipts must be maintained for minimum 5 years for tax reporting and audit purposes
Electronic Transactions Act: For electronic receipts: Must comply with electronic record requirements; digital signatures and electronic receipts are legally recognized
Consumer Protection (Fair Trading) Act: Mandates clear disclosure of payment details and accurate representation of goods/services
ACRA Requirements: Must include business registration number and proper business name as registered with ACRA
Receipt Date: mandatory field showing the date when payment was received
Payment Amount: Clear statement of the payment amount received
Payment Method: Specification of how payment was made (cash, card, bank transfer, etc.)
Business Details: Complete business information including name, address, and contact details
Receipt Number: Unique identifier for the receipt for tracking and reference purposes
Service Description: Clear description of goods or services provided
Customer Information: Relevant customer details where applicable (name, address, contact information)
