{"id":13092,"date":"2021-03-02T00:11:13","date_gmt":"2021-03-01T16:11:13","guid":{"rendered":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/?page_id=13092"},"modified":"2025-09-09T10:53:35","modified_gmt":"2025-09-09T02:53:35","slug":"gst-bond","status":"publish","type":"page","link":"https:\/\/glutenfreepleasure.com\/__proxy_domain\/allegiance.com.sg\/commercial-insurance\/insurance-bonds\/gst-bond\/","title":{"rendered":"GST Security Deposit \/ GST Bond"},"content":{"rendered":"


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GST Bond \/ GST Security Deposit<\/h1>\n<\/div>\n
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Commercial Insurance<\/em><\/h2>\n<\/div>\n<\/div>

What is GST Security Deposit \/ GST Bond?<\/b><\/h3>\n<\/div>

Goods and Services Tax (GST) Security Deposit or GST Bond is a security deposit in the form of a Banker’s Guarantee or an Insurance Bond made in favour of the Comptroller of Goods and Services Tax that may be required when registering for GST. The purpose is to give IRAS the assurance that any tax liabilities will be paid and the amount of security deposit required will be notified during the application process.<\/p>\n<\/div>

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When are Security Deposits required?<\/strong><\/h3>\n

Security deposits may be required when registering for GST when at least one of the directors or partners<\/strong>\u00a0of the business:<\/p>\n