gst post implementation issues, latest dg's decision and gst audits ...
Course Details
BEST PRICE OF THE YEAR 2017 !!!
Trainer : WENDY TEE
RM 1,100 per pax (exclusive 6%GST)
Date
*Normal Price: RM1, 450 per pax
: 15-16 May 2017 (2 days)
Venue : Amcorp Mall, Petaling Jaya
Early Bird Price (Before 21 Apr 2017) RM 1,045 per pax (exclusive 6% GST)
Who’s Suitable for this? Accountants / Tax Agents / Acc. Executives / Auditors/ Business Entrepreneurs / Co. Director / Co. Secretaries
Scheme : PSMB- SBL
GST POST IMPLEMENTATION ISSUES, LATEST DG'S DECISION AND GST AUDITS FOR MANUFACTURING INDUSTRY It has been over twelve months since the implementation of the Goods and Services Tax (GST) in Malaysia. Despite numerous presentations and guidance by Customs, many businesses are still confused with the interpretation of the GST legislations and requirements resulting in many conflicting answers. In addition, the stringent checks by Customs have resulted in businesses being compounded for offences. In the face of these challenges, businesses have become anxious and are looking for correct solutions. This programme will help to clear the air on these uncertainties and issues. Participants can also upgrade their knowledge on the latest GST updates as well as to prepare themselves for GST audits and investigations. Most importantly, there will be a live discussion with the presenter to debate on the practical solutions to the GST problems and issues.
Course Objectives
Keep you updated on the latest amendments to the DG’s Decisions
Keep you updated on latest Minister’s Relief
Highlight the post-implementation issues
Help you understand the practical considerations on post-implementation issues
Understand the concept of GST Audits
Understand the background of GST Audits
Analyse the areas covered in a GST Audit
Prepare the relevant documents and information
Handle a GST Audit effectively
Proactively manage multiple demands, tasks, and projects Identify goals and objectives, and prioritise your activities
Course Outline (Part 1) MODULE 1- DG DECISIONS
Amendment to DG’s Decision 1/2014 o Claiming Bad Debt Relief
Amendment to DG’s Decision 2/2014
Voluntary Registration for Pre-Commencement of Business
Amendment to DG’s Decision 4/2014 o Individual Supply Commercial Property
Amendment to DG’s Decision 3/2015 o Application for Self-Billed Invoice o Issuing Of Tax Invoice at the Beginning of GST Implementation o Period for Issuing Tax Invoice
Amendment to DG’s Decision 5/2015 o
Reimbursement and Disbursement
o
Cost Recovery under Warranty
o
Gift Rule
o
Transport Services
DG’s Decision 6/2015 o Tax Invoice for Disregarded Supply And Out Of Scope Supply
DG’s Decision 7/2015 o Claiming Input Tax on Electricity and Water Expenses Invoiced/Billed under the Owner of the Property’s Name
DG’s Decision 8/2015 o Employee Benefit o Occupational Health and Safety o Holding Tax Invoice As In Paragraph 38(4)(A)Of GST Regulations 2014
New DG’s Decisions Issued In 2016 o Notification on GST 03 Return Amendment o Penalty for Late Payment of Tax o Refund and Remission o Goods Written Off
Course Outline (Part 2) MODULE 2- GENERAL PRINCIPLES OF GST FOR MANUFACTURERS
General Operations of Manufacturing Industry
GST Treatments on FIZ & LMW
Approved Trader Scheme (ATS)
Importation of Goods under ATS
Manufacturing Input
Manufacturing Output
Partial Exemption
Exports of Goods and Services
Imports of Goods and Services
Farming In/ Out (Sub Contract Work)
Further Assistance and Information on GST
Employee Benefits
Goods Written Off
MODULE 3- GST TAX CODES AND SUBMITTING YOUR GST RETURN (GST 03)
Recommended GST Tax Code Listings for Purchase and Supply
Explanation on the Recommended GST Tax Code for Purchase and Supply
Mapping of the Additional GST Tax Code for Purchase with GST 03 Return
Mapping of the Additional GST Tax Code for Supply with GST 03 Return
Output Tax (Box 5a and 5b)
Input Tax (Box 6a and 6b)
Zero Rated Supply (Box 10)
Exports (Box 11)
Exempt Supply (Box 12)
Relief Supply (Box 13)
Bad Debts (Box 5, 6 17 And 18)
Taxable Period, Furnishing Of Returns and Payment of Tax
MODULE 4- GST AUDIT SECTION Objectives of Audit Types of Audit in GST Place of Audit Audit Period Who Can Be Audited Implementation of Audit Documents Required For Audit GST Audit File (GAF) Right and Responsibilities for the Taxable Person
Course Outline (Part 3) MODULE 5- THE NOTICE OF ASSESSMENT
Power of Assessment
Method of Assessment
MODULE 6- GROUNDS FOR APPEAL
GST Appeal Tribunal
Function of GST Appeal Tribunal
A Decision by the Tribunal
GST Appeal Process
Appeal to the State Director of Customs
Appeal to the Director-General
Review and Revision
MODULE 7- GST PENALTIES
Types of Penalties
GST Offences and Penalties o
Failing To Keep All Records and In a Manner Required By Section 36
o
Non-Submission of GST-03 Returns
o
Non-Payment of GST
o
Incorrect GST-03 Returns
o
Evasion of Tax or Fraud
o
Penalty for Improperly Obtaining Refund, Etc.
o
Penalty for Offences In Relation To Goods, Invoices and Receipts
o
Penalty for Obstructing, Etc., Officer of Goods and Services Tax
o
Penalty for Refusing To Answer Question or Giving False Information
o
General Penalty
Day 1 and Day 2 Timing Class Time: 0900 – 1700 Break: 1015 – 1030 / 1515 – 1530 Lunch: 1300 – 1400
Methodology PowerPoint presentations, discussions and case studies.
Trainer Profile NAMSUVAYAM A/L A.MURUGIAN (RAIS RAJAN) Master of Business Administration (Merit), University of Bath, UK Certified Train The Trainer - PSMB
RAIS RAJAN holds an MBA (Merit) from University of Bath, UK, a Bachelors Degree with Distinction in Business Administration from RMIT University, Australia and a Diploma in Banking & Finance from Institute Bank-Bank Malaysia. Rais Rajan is a management consultant and a certified corporate trainer (HRDF Cert No.TTT/0347). He specializes in the areas of Strategic Direction, Performance Management, Balance Scorecard, Management, Leadership and various soft skills. He has more than 22 years of experience serving for 3 international organizations, in the consulting, telco, and banking industry. He has lectured and offered training in leading institutions and multinational organizations. To date he has personally delivered more than 400 training programmes (ranging from strategic direction workshop to clerical skills) with participants comprising CEO’s, senior managers, executives, right down to clerical and support staffs. In addition he regularly conducts complementary tea talks for various companies and universities on a range of topics such as emotional intelligence, Mars and Venus at the workplace, retaining committed workforce and has written articles for the Malaysian Institute of Management E-newsletter. He also appeared as a guest speaker in TV2 – “Positively A.M.” on 4 weekly segments speaking on a range of topics such as Positive Mindset, Positive attitude, Power of Laughter and Power of Gratitude. He sits on the Board of Examiners of the Malaysian Institute of Management (MIM), was project supervisor for MIM and lectures on its diploma and degree programmes (RMIT University). He also lectures for IPD-Open University and University Malaya Continuous Education Programme (UMCEED) Executive Diploma programmes and UCSI University for their MBA programmes. He is an Associate with the Malaysian Institute of Management, Member of Graduates Malaysian Institute of Management Alumi (GMA), Association of the Institute of Banks Malaysia and a member of Toastmasters International, KL Club. He also delivers certificate programmes on behalf of the Institute of Leadership Management (UK) for ILM clients in Malaysia. He is currently pursuing his PhD research on employee competency. Some of the valued companies he has had the opportunity to work with include IBM Malaysia, Petronas, Shell Malaysia, Selangor Turf Club, Bernama News Agency, Royal Bank of Scotland, Maybank, Bumiputra-Commerce Bank, RHB Bank, Bank Rakyat, MNI Insurance, MCIS Zurich, ETIQA Takaful Bhd, AmAssurance Bhd, Maybank Fortiss, Malaysian Alliance Assurance, Pacific and Orient Insurance Co Bhd, MBf Cards, Pan Global Insurance, Telekom Malaysia, DRB-Hicom, Perodua Manufacturing Sdn Bhd and many more.
BEST PRICE OF THE YEAR 2017 !!!
Trainer : WENDY TEE
RM 1,100 per pax (exclusive 6%GST)
Date
*Normal Price: RM1, 450 per pax
: 15-16 May 2017 (2 days)
Venue : Amcorp Mall, Petaling Jaya
Early Bird Price (Before 21 Apr 2017) RM 1,045 per pax (exclusive 6% GST)
Who’s Suitable for this? Accountants / Tax Agents / Acc. Executives / Auditors/ Business Entrepreneurs / Co. Director / Co. Secretaries
Scheme : PSMB- SBL
GST POST IMPLEMENTATION ISSUES, LATEST DG'S DECISION AND GST AUDITS FOR MANUFACTURING INDUSTRY It has been over twelve months since the implementation of the Goods and Services Tax (GST) in Malaysia. Despite numerous presentations and guidance by Customs, many businesses are still confused with the interpretation of the GST legislations and requirements resulting in many conflicting answers. In addition, the stringent checks by Customs have resulted in businesses being compounded for offences. In the face of these challenges, businesses have become anxious and are looking for correct solutions. This programme will help to clear the air on these uncertainties and issues. Participants can also upgrade their knowledge on the latest GST updates as well as to prepare themselves for GST audits and investigations. Most importantly, there will be a live discussion with the presenter to debate on the practical solutions to the GST problems and issues.
Course Objectives
Keep you updated on the latest amendments to the DG’s Decisions
Keep you updated on latest Minister’s Relief
Highlight the post-implementation issues
Help you understand the practical considerations on post-implementation issues
Understand the concept of GST Audits
Understand the background of GST Audits
Analyse the areas covered in a GST Audit
Prepare the relevant documents and information
Handle a GST Audit effectively
Proactively manage multiple demands, tasks, and projects Identify goals and objectives, and prioritise your activities
Course Outline (Part 1) MODULE 1- DG DECISIONS
Amendment to DG’s Decision 1/2014 o Claiming Bad Debt Relief
Amendment to DG’s Decision 2/2014
Voluntary Registration for Pre-Commencement of Business
Amendment to DG’s Decision 4/2014 o Individual Supply Commercial Property
Amendment to DG’s Decision 3/2015 o Application for Self-Billed Invoice o Issuing Of Tax Invoice at the Beginning of GST Implementation o Period for Issuing Tax Invoice
Amendment to DG’s Decision 5/2015 o
Reimbursement and Disbursement
o
Cost Recovery under Warranty
o
Gift Rule
o
Transport Services
DG’s Decision 6/2015 o Tax Invoice for Disregarded Supply And Out Of Scope Supply
DG’s Decision 7/2015 o Claiming Input Tax on Electricity and Water Expenses Invoiced/Billed under the Owner of the Property’s Name
DG’s Decision 8/2015 o Employee Benefit o Occupational Health and Safety o Holding Tax Invoice As In Paragraph 38(4)(A)Of GST Regulations 2014
New DG’s Decisions Issued In 2016 o Notification on GST 03 Return Amendment o Penalty for Late Payment of Tax o Refund and Remission o Goods Written Off
Course Outline (Part 2) MODULE 2- GENERAL PRINCIPLES OF GST FOR MANUFACTURERS
General Operations of Manufacturing Industry
GST Treatments on FIZ & LMW
Approved Trader Scheme (ATS)
Importation of Goods under ATS
Manufacturing Input
Manufacturing Output
Partial Exemption
Exports of Goods and Services
Imports of Goods and Services
Farming In/ Out (Sub Contract Work)
Further Assistance and Information on GST
Employee Benefits
Goods Written Off
MODULE 3- GST TAX CODES AND SUBMITTING YOUR GST RETURN (GST 03)
Recommended GST Tax Code Listings for Purchase and Supply
Explanation on the Recommended GST Tax Code for Purchase and Supply
Mapping of the Additional GST Tax Code for Purchase with GST 03 Return
Mapping of the Additional GST Tax Code for Supply with GST 03 Return
Output Tax (Box 5a and 5b)
Input Tax (Box 6a and 6b)
Zero Rated Supply (Box 10)
Exports (Box 11)
Exempt Supply (Box 12)
Relief Supply (Box 13)
Bad Debts (Box 5, 6 17 And 18)
Taxable Period, Furnishing Of Returns and Payment of Tax
MODULE 4- GST AUDIT SECTION Objectives of Audit Types of Audit in GST Place of Audit Audit Period Who Can Be Audited Implementation of Audit Documents Required For Audit GST Audit File (GAF) Right and Responsibilities for the Taxable Person
Course Outline (Part 3) MODULE 5- THE NOTICE OF ASSESSMENT
Power of Assessment
Method of Assessment
MODULE 6- GROUNDS FOR APPEAL
GST Appeal Tribunal
Function of GST Appeal Tribunal
A Decision by the Tribunal
GST Appeal Process
Appeal to the State Director of Customs
Appeal to the Director-General
Review and Revision
MODULE 7- GST PENALTIES
Types of Penalties
GST Offences and Penalties o
Failing To Keep All Records and In a Manner Required By Section 36
o
Non-Submission of GST-03 Returns
o
Non-Payment of GST
o
Incorrect GST-03 Returns
o
Evasion of Tax or Fraud
o
Penalty for Improperly Obtaining Refund, Etc.
o
Penalty for Offences In Relation To Goods, Invoices and Receipts
o
Penalty for Obstructing, Etc., Officer of Goods and Services Tax
o
Penalty for Refusing To Answer Question or Giving False Information
o
General Penalty
Day 1 and Day 2 Timing Class Time: 0900 – 1700 Break: 1015 – 1030 / 1515 – 1530 Lunch: 1300 – 1400
Methodology PowerPoint presentations, discussions and case studies.
Trainer Profile NAMSUVAYAM A/L A.MURUGIAN (RAIS RAJAN) Master of Business Administration (Merit), University of Bath, UK Certified Train The Trainer - PSMB
RAIS RAJAN holds an MBA (Merit) from University of Bath, UK, a Bachelors Degree with Distinction in Business Administration from RMIT University, Australia and a Diploma in Banking & Finance from Institute Bank-Bank Malaysia. Rais Rajan is a management consultant and a certified corporate trainer (HRDF Cert No.TTT/0347). He specializes in the areas of Strategic Direction, Performance Management, Balance Scorecard, Management, Leadership and various soft skills. He has more than 22 years of experience serving for 3 international organizations, in the consulting, telco, and banking industry. He has lectured and offered training in leading institutions and multinational organizations. To date he has personally delivered more than 400 training programmes (ranging from strategic direction workshop to clerical skills) with participants comprising CEO’s, senior managers, executives, right down to clerical and support staffs. In addition he regularly conducts complementary tea talks for various companies and universities on a range of topics such as emotional intelligence, Mars and Venus at the workplace, retaining committed workforce and has written articles for the Malaysian Institute of Management E-newsletter. He also appeared as a guest speaker in TV2 – “Positively A.M.” on 4 weekly segments speaking on a range of topics such as Positive Mindset, Positive attitude, Power of Laughter and Power of Gratitude. He sits on the Board of Examiners of the Malaysian Institute of Management (MIM), was project supervisor for MIM and lectures on its diploma and degree programmes (RMIT University). He also lectures for IPD-Open University and University Malaya Continuous Education Programme (UMCEED) Executive Diploma programmes and UCSI University for their MBA programmes. He is an Associate with the Malaysian Institute of Management, Member of Graduates Malaysian Institute of Management Alumi (GMA), Association of the Institute of Banks Malaysia and a member of Toastmasters International, KL Club. He also delivers certificate programmes on behalf of the Institute of Leadership Management (UK) for ILM clients in Malaysia. He is currently pursuing his PhD research on employee competency. Some of the valued companies he has had the opportunity to work with include IBM Malaysia, Petronas, Shell Malaysia, Selangor Turf Club, Bernama News Agency, Royal Bank of Scotland, Maybank, Bumiputra-Commerce Bank, RHB Bank, Bank Rakyat, MNI Insurance, MCIS Zurich, ETIQA Takaful Bhd, AmAssurance Bhd, Maybank Fortiss, Malaysian Alliance Assurance, Pacific and Orient Insurance Co Bhd, MBf Cards, Pan Global Insurance, Telekom Malaysia, DRB-Hicom, Perodua Manufacturing Sdn Bhd and many more.
