GST InvoiceNow Transition Grant ($1k):
What You Need to Know
The grant is available from 1st July 2026 to 31st March 2030, or until the grant is fully claimed, whichever is earlier.
*Grant approval is subject to IMDA’s eligibility criteria, terms and conditions, and availability of the grant.
About the Grant
GST-registered businesses with total annual supplies
≤ S$4 million* can receive a $1k cash grant to defray the cost of subscribing to an InvoiceNow-Ready Solution Provider (IRSP) or connecting to InvoiceNow via an IMDA-accredited Access Point Provider (AP).
The GST-registered business must submit invoice data to IRAS after activating GST InvoiceNow prior to their respective mandate deadline. Businesses can check with their IRSP or AP on the GST InvoiceNow activation.
The GST InvoiceNow Transition Grant ($1k) is from 1st July 2026 to 31st March 2030, or until the grant is fully claimed, whichever is earlier.
*made in all the prescribed accounting periods ending in calendar year 2025.
Eligibility Criteria
- Grantee must be a GST-registered business in Singapore.
- Grantee must have total annual supplies less than or equal to $4 million made in all the prescribed accounting periods ending in calendar year 2025.
- Grantees who are already subscribed to an IRSP or who have already connected their own solution to InvoiceNow are not eligible for the grant.To qualify for the grant, Grantee must not have used any IRSP solutions in the 3 months prior before onboarding the new IRSP solution or connecting own solution to InvoiceNow.
- Grantee must have either subscribed to an IMDA-accredited IRSP solution (with payment for a minimum of 12 months) or have integrated their ERP solution to an IMDA-accredited AP after 26th February 2026.
- Grantee must have submitted invoice data to IRAS after activating GST InvoiceNow before their mandate deadline.
Steps
- Grantees should submit the required information at the following link: https://go.gov.sg/gstinvoicenowtransition-1k-claimform.
The grant payout will be made via Paynow Corporate.
Terms and Conditions
Please refer to the terms and conditions here
Why Apply For The
$1,000 GST InvoiceNow Transition Grant?
Government Support to Help
Defray Your Transition Costs
Eligible GST-registered Singapore businesses can receive $1,000 Government Grant to help defray the cost of subscribing to Financio Accounting, supporting your transition to GST InvoiceNow.
- $1,000 Government Grant
- Help defray the cost of subscribing to Financio Accounting
- Support your transition to GST InvoiceNow
Prepare Early for
GST InvoiceNow Requirement
The GST InvoiceNow Requirement will be implemented progressively in line with IRAS' implementation timeline. Preparing early gives your business sufficient time to implement a GST InvoiceNow-ready solution and meet the grant requirements before your implementation date.
- More time to prepare
- Meet the grant eligibility requirements
- Complete your implementation with confidence
More Value
Beyond the Grant
The grant helps reduce your transition cost. Financio Accounting help your business stay ready for future compliance and ongoing business needs.
- GST InvoiceNow Ready
- InvoiceNow Ready
- A.I Scan, Mobile Apps, Interactive dashboard, Financio Payroll and other cloud-connected features
Getting Your GST InvoiceNow Transition Grant is Easy
Follow these three simple steps to get started with Financio Accounting and meet the grant requirements.
Sign Up for Financio Accounting
Sign up for Financio Accounting. Once your subscription is confirmed, we'll issue the invoice required for your grant submission.
Submit the Required Information
Submit the required information, including your Financio invoice, through the GST InvoiceNow Transition Grant claim form.
Activate GST InvoiceNow
Activate GST InvoiceNow and submit invoice data to IRAS before your implementation date. Once completed, eligible businesses will receive the $1,000 grant via PayNow Corporate, subject to the grant terms and conditions.
More Than Just GST InvoiceNow
Financio Accounting does more than helping you to meet GST InvoiceNow requirements. It brings together
accounting, invoicing, inventory, banking and payroll in one easy-to-use cloud platform.
A.I. Receipt & Bill Capture
Reduce Manual Data Entry
Scan receipts and supplier bills with A.I. Document Scan to capture key details and keep your records accurate.
Bank Reconciliation
Reconcile Faster
Connect your DBS or Maybank accounts to import transactions and reconcile your accounts more efficiently.
Project Profit Tracking (Job Tagging)
Know Which Jobs Make Money
Track income, expenses, and profit for every project to help you identify your most profitable jobs.
Multi-Location Inventory
Stay in Control of Your Inventory
Track stock across multiple locations, monitor inventory costs and maintain the right stock levels
Budget Management
Plan with Confidence
Create budgets, compare actual performance against your targets and stay in control of business spending.
Mobile Connect
Accounting on the go
Create invoices, record payments, and access your business from your mobile.
When you subscribe to Financio Accounting, you're not just preparing for GST InvoiceNow,
you'll also gain cloud-connected accounting features that support your business beyond the grant period.
FAQ
- Grantee must be a GST-registered business in Singapore.
- Grantee must have total annual supplies less than or equal to $4 million made in all the prescribed accounting periods ending in calendar year 2025.
- Grantees who are already subscribed to an IRSP or who have already connected their own solution to InvoiceNow are not eligible for the grant. To qualify for the grant, Grantee must have not used any IRSP solutions in the 3 months prior before onboarding the new IRSP solution or connecting own solution to InvoiceNow.
- Grantee must have either subscribed to an IMDA-accredited IRSP solution (with payment for a minimum of 12 months) or have integrated their ERP solution to an IMDA-accredited AP after 26th February 2026.
- Grantee must have submitted invoice data to IRAS after activating GST InvoiceNow before their mandate deadline
Total annual supplies refer to the total value of standard-rated, zero-rated and exempt supplies (i.e. Box 4 of GST return),made in all the prescribed accounting periods ending in calendar year 2025. For more details, please refer to the IRAS website here.
For newly registered GST-businesses who do not have any reported annual supplies in calendar year 2025, they will receive a notification from IRAS specifying their mandate dates.
A fixed payout of $1k will be paid to the eligible businesses that have met the eligibility criteria, regardless of the actual cost incurred by the business
Qualifying cost includes subscription cost to an IRSP solution (with payment for minimum 12 months) and integration cost from business own ERP solution to an Access Point.
Costs must be incurred after 26th February 2026 and before the respective mandate deadline.
You may check your mandate deadline using the implementation date calculator provided by IRAS. You will also be notified by IRAS on your implementation dates. For more details you may refer to the IRAS website.
No. You only need to submit the required information at the following link: https://go.gov.sg/gstinvoicenowtransition-1k-claimform
You need to submit proof of costs incurred (e.g. invoice of annual subscription, evidence of system integration work) and proof of payment (if applicable).
Yes. For example, if you paid for Solution A for 3 months, then paid for Solution B for the remaining 9 months (12 months combined), it is acceptable. The $1k payout is fixed regardless of the number of solutions paid.
Yes, but you must observe a 3-month wait-out period from the date when you unsubscribe from the FOC solution before onboarding the paid IRSP.
The grant is from 1st July 2026 to 31st March 2030, or until the grant is fully claimed, whichever is earlier. Eligible grantees who have complied with the requirements can submit their supporting documentation until 31st Dec 2030.
Upon submission of the required information (i.e. evidence of costs incurred, proof of payment or proof of work, and necessary declarations), IMDA will process submission. Successful grantees should expect to receive the grant payout via PayNow Corporate in about 2 months after submission. Business will be notified via email after the payout is done.
Per-Company Limit: A claimant company can only claim the S$1,000 cash grant exactly once. Eligibility is strictly tracked per Unique Entity Number (UEN) and PEPPOL ID. A business with multiple branches using the same UEN cannot claim multiple grants.
