| |
Wendy Tee Leap Sing
Understanding Goods and Service Tax (GST) for Retailing Industry
A 1-Day Programme |
| |
| Programme Outline |
|
| › Introduction of GST in Malaysia |
- What is Goods and Service Tax (GST)
- Propose GST model
- Basic elements of GST
- Registrations for GST
|
|
| › Scope of Goods and Services Tax |
- General operation of GST
- Scope and charges of GST
- Collection of GST
- Types of Taxable supplies
|
|
| › Determination of place of Supply |
- How to determine the place of supply
- How place of supply affect the impact on GST
- Accounting
|
|
| › Determination of time of supply |
- How to determination the of supply
- How time of supply affects the impact on GST
- Determination of special time of supply
|
|
| › Determination of Value of Supply |
- What is value of supply
- How to determination value of supply
- What is the impact on value of supply on GST
|
|
| › Accounting For GST |
- Output tax
- Deemed output tax
- Taxable period
- Accounting basic
- Tax invoice
- Debit note & Adjustment
- Credit note & Adjustment
- Bad debt & adjustment
- Tax code
- Preparation for audit and record keeping procedures
- Offences and penalty
|
|
| › Input tax |
- Definition of input tax
- Allowable input tax credits
- Blocked input tax credits
- Conditions to claim input tax
- Refund of input tax credits filing of GST return and payment
|
|
| › GST treatment for employee benefits |
- GST treatment for employee benefits
- What is employee benefits
- What is the “gift rule”
- Treatment on GST input tax for employee benefits
- Treatment on GST output tax for employee benefits
- GST treatment on business assets used for non-business purpose
|
| |
| |
