latest updates, gst accounting transactions, tax codes, gst03 tax ...
PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
GST IMPLEMENTATION – LATEST UPDATES, GST ACCOUNTING TRANSACTIONS, TAX CODES, GST03 TAX RETURN AND GAF 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 GST is a transactional indirect tax whereby tax return is prepared based on day-to-day transactions gathered from the financial statements and other relevant departments of the company. GST tax codes have to be assigned for each transaction. Therefore, the preparer of accounts, sales and operations staff and Directors have to be sufficiently prepared with good understanding of GST tax codes to ensure correct tax returns are tabulated and reconciled before online submission to Royal Malaysian Customs (RMC). GAF has to be generated and provided to RMC periodically as and when required. This workshop is intended to provide assistance in GST implementation by providing the latest GST updates, accounting transactions for GST and to enable the participants to assess their own GST compliant accounting software with handson practice to generate GST03 tax return and GAF in order to be GST ready with confidence. BENEFITS Upon completion of this program, participants will be able to: Latest updates of GST Deeper understanding of the 23 GST tax codes GST accounting transactions– mapping transactions, accounting posting and double entries Hands-on practice of posting accounting transactions using GST compliant software Preparation and reconciliation of GST03 return Preparation and understanding of GAF requirements KEY CONTENT MODULE 1 - LATEST UPDATES OF GST GST Before 1 April 2015 Legal Updates Budget 2015 Panel Decisions By RMC MODULE 2 - DEEPER UNDERSTANDING OF THE 23 GST TAX CODES Purchases Tax Codes Sales Tax Codes MODULE 3 - GST ACCOUNTING TRANSACTION Mapping Transactions Accounting Posting And Double Entries MODULE 4 - PREPARATION AND RECONCILIATION OF GST03 TAX RETURN How Is The GST03 Tax Return Populated With Tax Code Data Supporting Documents Required
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PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
MODULE 5 - PREPARATION AND UNDERSTANDING OF GAF REQUIREMENTS Company Details Purchases Details Sales Details Ledger Entries File And Check Sum AUDIENCE This program is suitable for IT executive, Sales and operations staff, Accountant, Finance Manager, Head of Department, General Manager, Finance Director / Financial Controller / CFO, CEC/COO, Directors and Business owner METHODOLOGY This workshop will be interactive using power point presentation and MYOB GST compliant accounting software. Participants are encouraged to bring their own laptop with GST compliant accounting software installed for hands-on practice of preparation of management accounts, GST03 return and generation of GAF.
161216 2|P a g e
Website: www.quorse.com
GST IMPLEMENTATION – LATEST UPDATES, GST ACCOUNTING TRANSACTIONS, TAX CODES, GST03 TAX RETURN AND GAF 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 GST is a transactional indirect tax whereby tax return is prepared based on day-to-day transactions gathered from the financial statements and other relevant departments of the company. GST tax codes have to be assigned for each transaction. Therefore, the preparer of accounts, sales and operations staff and Directors have to be sufficiently prepared with good understanding of GST tax codes to ensure correct tax returns are tabulated and reconciled before online submission to Royal Malaysian Customs (RMC). GAF has to be generated and provided to RMC periodically as and when required. This workshop is intended to provide assistance in GST implementation by providing the latest GST updates, accounting transactions for GST and to enable the participants to assess their own GST compliant accounting software with handson practice to generate GST03 tax return and GAF in order to be GST ready with confidence. BENEFITS Upon completion of this program, participants will be able to: Latest updates of GST Deeper understanding of the 23 GST tax codes GST accounting transactions– mapping transactions, accounting posting and double entries Hands-on practice of posting accounting transactions using GST compliant software Preparation and reconciliation of GST03 return Preparation and understanding of GAF requirements KEY CONTENT MODULE 1 - LATEST UPDATES OF GST GST Before 1 April 2015 Legal Updates Budget 2015 Panel Decisions By RMC MODULE 2 - DEEPER UNDERSTANDING OF THE 23 GST TAX CODES Purchases Tax Codes Sales Tax Codes MODULE 3 - GST ACCOUNTING TRANSACTION Mapping Transactions Accounting Posting And Double Entries MODULE 4 - PREPARATION AND RECONCILIATION OF GST03 TAX RETURN How Is The GST03 Tax Return Populated With Tax Code Data Supporting Documents Required
1|P a g e
PROFESSIONAL TRAINING MADE EASY
Website: www.quorse.com
MODULE 5 - PREPARATION AND UNDERSTANDING OF GAF REQUIREMENTS Company Details Purchases Details Sales Details Ledger Entries File And Check Sum AUDIENCE This program is suitable for IT executive, Sales and operations staff, Accountant, Finance Manager, Head of Department, General Manager, Finance Director / Financial Controller / CFO, CEC/COO, Directors and Business owner METHODOLOGY This workshop will be interactive using power point presentation and MYOB GST compliant accounting software. Participants are encouraged to bring their own laptop with GST compliant accounting software installed for hands-on practice of preparation of management accounts, GST03 return and generation of GAF.
161216 2|P a g e
