goods and services tax (gst)
PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
GOODS AND SERVICES TAX (GST) DURATION: 1 DAY; TIME SCHEDULE Time - 9:00am to 5:00pm Break - 10:15am to 10.30am and 3:15pm to 3:30pm Lunch - 1:00pm to 2:00pm INTRODUCTION With the coming 2014 budget announcement, GST implementation date may be announced by then. All companies with annual turnover of RM500, 000 or more need to register and collect GST on behalf of the Government with effect probably from year 2015. Is your company GST ready? BENEFITS Upon completion of this program, participants will be able to: Understand the principles of GST Knowing the GST impact to the business Various transitional issues Roles and responsibilities of organization staff to get the organization GST ready KEY CONTENT MODULE 1 - LATEST GST DEVELOPMENT AND TAX REFORM MODULE 2 - HISTORY OF INDIRECT TAXES Sales Tax Service Tax MODULE 3 - SCOPE OF GOODS AND SERVICES TAX Taxable Supply Taxable Person Made In Malaysia Meaning Of Business Standard Rated Supply Zero Rated Supply Exempt Supply Out Of Scope Supply MODULE 4 - GST RULES OF SUPPLY Place Of Supply Value Of Supply Time Of Supply MODULE 5 - REGISTRATION Who And When Need To Register Types Of Registration Compute Annual Taxable Turnover Group Registration Deregistration
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PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
MODULE 6 - TAXABLE PERIOD MODULE 7 - ACCOUNTING BASIS, FURNISHING RETURNS AND PAYMENT OF TAX. Accrual Basis Cash Basis Manner Of Returns Submission Payment Of Tax MODULE 8 - TAX INVOICE Full Tax Invoice Simplify Tax Invoice Tax Invoice For Mixed Supplies Requirements For Electronic Invoice Invoice In Foreign Currency MODULE 9 - RECORD KEEPING Failure To Keep Records Types Of Records GST Summary Sheets MODULE 10 - INPUT TAX CREDIT (ITC) Goods/Services Having Input Tax Credit Prerequisite For Input Tax Credit Claim Adjustments On Input And Output Tax Bad Debts Relief Apportionment Of Residual Input Tax De Minimis Limit MODULE 11 - BLOCKED INPUT TAX Purchasing Or Importing Passenger Motor Car Or Hiring Of Passenger Motorcar Club Subscription Fee Medical Expenses Insurance Premium On Personal Accident And Medication Family Welfare Entertainment To Non-Employees And Clients MODULE 12 - ACTS REPEALED/TRANSITIONAL ISSUES Repeal Of Sales Tax Act 1972 Repeal Of Service Tax Act 1975 Supplies Spanning GST Refund And Remission
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PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
AUDIENCE This program is suitable for Directors, General Managers, Chief Financial Officers, Financial Controllers, Finance Manager, Procurement Managers, Human Resource Managers, Operations Managers, Accountants, Internal Auditors, Accounts Executive and IT Personnel METHODOLOGY This is an in-door training program, whereby participants are to gain GST knowledge through slides handout and facilitator’s explanation.
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Website: www.quorse.com
GOODS AND SERVICES TAX (GST) DURATION: 1 DAY; TIME SCHEDULE Time - 9:00am to 5:00pm Break - 10:15am to 10.30am and 3:15pm to 3:30pm Lunch - 1:00pm to 2:00pm INTRODUCTION With the coming 2014 budget announcement, GST implementation date may be announced by then. All companies with annual turnover of RM500, 000 or more need to register and collect GST on behalf of the Government with effect probably from year 2015. Is your company GST ready? BENEFITS Upon completion of this program, participants will be able to: Understand the principles of GST Knowing the GST impact to the business Various transitional issues Roles and responsibilities of organization staff to get the organization GST ready KEY CONTENT MODULE 1 - LATEST GST DEVELOPMENT AND TAX REFORM MODULE 2 - HISTORY OF INDIRECT TAXES Sales Tax Service Tax MODULE 3 - SCOPE OF GOODS AND SERVICES TAX Taxable Supply Taxable Person Made In Malaysia Meaning Of Business Standard Rated Supply Zero Rated Supply Exempt Supply Out Of Scope Supply MODULE 4 - GST RULES OF SUPPLY Place Of Supply Value Of Supply Time Of Supply MODULE 5 - REGISTRATION Who And When Need To Register Types Of Registration Compute Annual Taxable Turnover Group Registration Deregistration
1|P a g e
PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
MODULE 6 - TAXABLE PERIOD MODULE 7 - ACCOUNTING BASIS, FURNISHING RETURNS AND PAYMENT OF TAX. Accrual Basis Cash Basis Manner Of Returns Submission Payment Of Tax MODULE 8 - TAX INVOICE Full Tax Invoice Simplify Tax Invoice Tax Invoice For Mixed Supplies Requirements For Electronic Invoice Invoice In Foreign Currency MODULE 9 - RECORD KEEPING Failure To Keep Records Types Of Records GST Summary Sheets MODULE 10 - INPUT TAX CREDIT (ITC) Goods/Services Having Input Tax Credit Prerequisite For Input Tax Credit Claim Adjustments On Input And Output Tax Bad Debts Relief Apportionment Of Residual Input Tax De Minimis Limit MODULE 11 - BLOCKED INPUT TAX Purchasing Or Importing Passenger Motor Car Or Hiring Of Passenger Motorcar Club Subscription Fee Medical Expenses Insurance Premium On Personal Accident And Medication Family Welfare Entertainment To Non-Employees And Clients MODULE 12 - ACTS REPEALED/TRANSITIONAL ISSUES Repeal Of Sales Tax Act 1972 Repeal Of Service Tax Act 1975 Supplies Spanning GST Refund And Remission
2|P a g e
PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
AUDIENCE This program is suitable for Directors, General Managers, Chief Financial Officers, Financial Controllers, Finance Manager, Procurement Managers, Human Resource Managers, Operations Managers, Accountants, Internal Auditors, Accounts Executive and IT Personnel METHODOLOGY This is an in-door training program, whereby participants are to gain GST knowledge through slides handout and facilitator’s explanation.
161216 3|P a g e
