Malaysia GST Workshop | GST Seminar | GST Course in Johor Bahru

Malaysia GST Workshop | GST Seminar | GST Course in Johor Bahru

The Malaysia controversial 6% Goods and Services Tax (GST) Bill was passed on 7 April 2014 in Dewan Rakyat, the lower house of parliament, which will be effective on April 1, 2015. Malaysia GST Customs is ready with online system for GST tax submission and issuing GST refund. GST Custom website in Malaysia has efficient online system for GST registered businesses. But is your business GST ready?

What is GST?

GST is Goods and Services Tax and which is also known as VAT or the value added tax in many countries. GST is a broad-based consumption tax levied on the import of goods (collected by Malaysia Customs), as well as nearly all supplies of goods and services in Malaysia. Goods and Services Tax (GST) in Malaysia is a broad based consumption tax covering all sectors of the economy i.e all goods and services made in Malaysia including imports except specific goods and services which are categorized under zero rated supply and exempt supply orders as determined by the Minister of Finance and published in the Gazette.


How Does Malaysia Goods & Services Tax (GST) Work?

GST in Malaysia is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Even though Malaysia GST is imposed at each level of the supply chain, the tax element does not become part of the cost of the product because GST paid on the business inputs is claimable.

Malaysia GST can only be levied and charged if the business in Malaysia is registered under GST. A business in Malaysia is not liable to be registered if its annual turnover of taxable supplies does not reach the prescribed threshold. Therefore, such businesses in Malaysia cannot charge and collect GST on the supply of goods and services made to their customers. Nevertheless, businesses can apply to be registered voluntarily.

Malaysia GST Workshop | GST Seminar | GST Course in Johor Bahru Objectives:

With the knowledge and skills acquired at the end of the training programme, the trainees will have a deeper understanding of Malaysia GST and adopt the necessary measures to streamline their business process towards achieving GST requirements and legal compliance. “Business must prepare from now on for the GST Implementation or face the unpleasant consequences of non-compliance”.

Malaysia GST Workshop/GST Seminar/GST Course Outline:

Basic Concept and history of GST.
Preparation for GST.
Strategies to Overcome Negative Impact of GST on Your Business.
Elements and Scope of GST.
Registration process (Manual and Online)of GST.
The process of GST reporting for manufacturers firms.
The process of GST reporting for trading firms.
Accounting and software for GST.
The Study of possible issues facing for businesses during the transition period.

Who should attend Malaysia Goods and Services Tax (GST) Workshop?

The GST seminar in Malaysia is suitable for most industries. Participants are from different industries: construction, import, export, freight forwarding, logistics, manufacturing, warehousing, shipping, property development, retail, car, second hand goods, food, hotel, engineering, advertising, tour, travel, auction, agent, eCommerce, software, consultancy, trading, insurance, transportation, leasing and other, in fact anyone involved in any aspect of exporting or importing or transshipment.

It is essential for all departments in an organisation in Malaysia to be aware about this tax system and to understand how it affects their functions. This GST workshop in Malaysia uniquely adopts a multi-disciplinary approach towards the implementation of GST. The core objective of this course is to allow businesses to use GST to reduce costs and maximize profits – without exploiting the customers.


Learning Outcomes:

Our GST workshop in Malaysia is designed to equip participants with the knowledge of the proposed Malaysian GST legislation. It is designed for practical application and easy learning in order to be prepared for GST implementation. Our GST workshops provide an excellent platform in Malaysia to view GST afresh and to keep abreast of any changes. Our GST workshops provide valuable insights into major GST risk areas and common errors. Join us at our GST workshops for updates and an in-depth analysis on the practical issues and problems that businesses face, and how to better manage these issues.


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