Date : 06/09/2018
Time : 9:00 am - 5:00 pm
Location : The HUB @ Jaya One, PJ-old

Contact Person : Esther Yong
Email : inquiry@knowledgehub-asia.com
Mobile : +012-2662728
Office Tel : +603-7622 0578
Normal Rate : MYR 0.00
Promotion Rate : Contact us for discounted rate.

Introduction

The new government have made amendment to the rate of  GST from 6 % to 0 %, effective 1 June 2018.The GST registered person need to consider various issues to ensure that they are ready to implement such changes and its implication  during the transitional period  which may be challenging to ensure compliance with the Act and Regulation.

Objectives

This program seeks to assist you to understand the following areas

• Supply of goods and services in the transitional period
• Understand the different between GST and SST
• The dealing with the supply of goods and services under free Zone , designated area , warehouse scheme during the transitional period
• Dealing of input tax claim after 1 June on previous purchase before 1 June
• Treatment of GST on import of goods and services and reverse charge mechanism
• Treatment of goods deliver before 1 June but invoice issued after I June
• GST- 03 return and tax code after 1 June

Methodology

PowerPoint presentation , illustrative examples with explanation of the key principles

Who Should attend

Accountants, Accountant executives , Account assistant , Procurement /purchasing officer, Accounting staff involved in GST submission

 Course content

• Impact on the categories of Supplies, is there still an exempt supply?
• Tax invoice or Commercial invoice –which one to use after 1 June
• Supply of goods and services before 1 June and invoiced issued after 1 June
• Goods delivered and tax invoice issued  before 1 June and  goods return   after 1 June
• Good delivered before 1 June but tax invoice issued within 21 day after good delivery
• Tax invoice issued before 1 June and services performed after 1 June
• Part payment (deposit)  for goods delivered  before 1 June  at 6 % and  balance of payment received after 1 June
• Input tax claim is still applicable after 1 June ? Can registered person claim input tax after 1 June  for tax invoice  received after 1 June for acquisition made before 1 June
• Treatment of Blocked input tax  and disposal of passenger  after 1 June
• Is the reverse charge mechanism still applicable after 1 June ?
• GST treatment on the supply of services within designated area and supply made between designated area
• Importation and removal of goods from designated area
• Supply made within and between free zone
• Supply within warehouse and importation /removal of goods from licensed warehouse to another licensed warehouse, free zone and to designated area
• Holder of ATS/ATMS : is it required to submit monthly return after 1 June ?
• Applicable of tax code for GST transitioning from 6 % to 0 %
• Prepare GST return and record keeping post 31 May
• Where are sales of goods and services to be declared after 1 June : field 5 (a), 10, or 15
• GST audit after 1 June 2018 : can customs continue with the audits
• Explanation of the nature of SST Sales Tax and Service tax mechanism
• Impact of SST on pricing of goods by the trader

 

 

 

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For registration please Contact :

Email : inquiry@knowledgehub-asia.com
Contact Person : Esther Yong
Mobile : +012-2662728
Office Tel : +603-7622 0578