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 GST Registration Service & E-voucher

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TSKolZ175
post Oct 12 2014, 10:35 PM, updated 10y ago

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Joined: Jun 2009


Goods and Services Tax (GST) is a multi-stage consumption tax on goods and services whereby each point of supply in a production chain is potentially taxable up to the retail stage of distribution. At the same time suppliers are entitled to refunds of GST incurred on business inputs. The basic fundamental of GST Malaysia is its self-policing features which allow the businesses to claim their Input tax credit by way of automatic deduction in their accounting system.

For Gst implementation, it will be affected most of the Companies for doing their business. It is crucial that you registered GST before 31st December, 2013 in order to achieve the RM1,000 e-voucher incentive.

1. You are required to REGISTER your business with Jabatan Kastam Diraja Malaysia for GST purpose:

Mandatory registration for GST if annual taxable turnover of your business is more than RM500,000.00
(registration before the end of December 2014)
Voluntary registration for GST if annual taxable turnover of your business is less than RM500,000.00
Early registration start from May 2014
2. Is your SYSTEM well equipped with GST features?

Compulsory for the business owners to have an accounting system which is equipped with the GST features
i.e. able to map items to the tax codes provided by Jabatan Kastam Diraja Malaysia
i.e. able to captured input tax and output tax automatically
i.e. print out automatically filled forms for GST returns submission
i.e. generate proper GST Audit File (GAF) for submission and etc.
3. You need to SUBMIT the GST returns:

Business which annual turnover exceeding RM 5 million, you are required to do monthly submission of GST return
Business which annual turnover not more than RM 5 million, you are required to do quarterly submission of GST return


For registration part, i have offer such service with e-voucher RM1,000 incentive together which is cheaper than current market price. if you are interested on it, please contact me. Thanks biggrin.gif
guy3288
post Oct 12 2014, 10:39 PM

Look at all my stars!!
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please also provide a list of GST exempt business/product
and zero rated GST business/products
TSKolZ175
post Oct 12 2014, 11:00 PM

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Joined: Jun 2009


QUOTE(guy3288 @ Oct 12 2014, 10:39 PM)
please also provide a list of GST exempt  business/product
and zero rated GST business/products
*
for the list of gst exempted products, which are

1.residential property (Construction industry),
2.tolls, bus transportation, water transportation (transport industry),
3. taxi,
4. financial services
5. health services but excluded equipment of medical use, ward that you stay for.
6. education services


for the list of gst zero rated products, which are shown as below:
1. living stock, vegetable, fruit (as just announced in budget 2015) , infant milk and others (food and beverages and grocery industry),
2. exported goods,
3. first 300 units of electricity,
4. water and some of the basic necessities like sugar.
5. hire purchase interest
Pan84
post Oct 13 2014, 10:28 AM

On my way
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may i know your product name? Btw what are the differences in between category basic and advanced software?
TSKolZ175
post Oct 14 2014, 01:39 PM

New Member
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Junior Member
14 posts

Joined: Jun 2009


QUOTE(Pan84 @ Oct 13 2014, 10:28 AM)
may i know your product name? Btw what are the differences in between category basic and advanced software?
*
sorry that i m not selling accounting software with gst compliance, but i provide the service for gst registration and e-voucher registration for incentive rm1000 when you purchase your software.

 

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