Oic, you interpret as such, true as well if according to the payment schedule...

I normally consider the billing as progressive invoice when certain construction stage is completed and certified by architect, so the first billing for me is after they complete the piling stage..

This post has been edited by samkps: Jan 19 2015, 10:04 PM

I don't think EM will be as "generous" as SEH...

GST-exempt status for all residential strata units, but groups pushing for zero rating

Source: Malaysian Insider

All categories of residential strata property will be placed under the exempt supply list of the goods and services tax (GST), which means their joint management boards (JMBs) and management committees (MCs) need not register as GST-paying entities, property groups said today.

This recent decision by the Finance Ministry, however, also means that Putrajaya has rejected an appeal to classify maintenance fees and sinking funds paid by low- and medium-cost apartment residents as zero rated.

The ministry replied that it could not consider the appeal to be categorised as zero rated because JMBs and MCs of residential strata properties were regarded as entities engaged in conducting a form of business under the GST Act.
The ministry, however, said that all categories of residential strata property would be placed under the exempt supply list.

Previously, only low- and medium-cost apartments were placed under the exempt supply list.

Being on the exempt supply list means that while JMBs and MCs did not have to register as GST-paying entities, residents cannot claim back the 6% they pay as GST for the services of their contractors, technicians and repairmen for the upkeep of their flats.

But the extension of the exempt supply list classification to all residential strata properties was a positive step and a "foot in the door" in pushing their case further for all types of strata units to be zero rated, said National House Buyers Association (NHBA) honorary secretary Chang Kim Loong.

Prior to this, all joint management boards and management committees of residential strata properties were placed under the standard rated supply list if their annual billing of maintenance and sinking funds exceeded RM500,000.

Being on the standard rated supply list meant that they had to register as GST-paying entities.

Chang said the property bodies were looking forward to a meeting with the ministry, expected to take place soon, to discuss the issues further.

Among these would be the plight of the low- and medium-cost strata unit dwellers who largely comprise of the working and lower-income class already struggling with the rising cost of living.

They would also be asking for all strata units – whether residential or commercial – to be classified under the zero-rated supply list.

This is because under the exempt supply list, although they do not have to register as a GST-paying entity, residents would not get a refund for the 6% input tax they would have to pay their contractors, technicians and repairmen for the upkeep of their projects.

This in effect, would mean that JMBs and MCs would have to increase maintenance charges in these developments by 6% in order to pay suppliers in the form of input tax.

Only goods under the zero-rated supply list can claim from the Customs Department the GST incurred through payments to service providers.

Association of Valuers, Property Managers, Estate Agents and Property Consultants in the Private Sector Malaysia (PEPS) adviser Wong Kok Soo said for the government, there was actually no difference between the GST-exempt supply and GST standard-rated supply because in the end, the government would still get to collect the 6% GST.

The only difference was whether this was though output tax or input tax.

Great info Jason kor

Contractor will still charge GST for the work done. Purchasers need to pay GST too.

Any info u hv? I only know maybe they will put priority to existing buyers.

Tenderfields billing coming soon...

Any close up photo showing the progress?

Hi all, I am going to book Tenderfields this Sunday. You all have a Whatapps Group? Can add me?

Good news, i got the call from SA that the mgmt agreed to have 2 options for Tenderfield 2D buyers, u can retain the original layout or opts for larger living room with full 25ft width from front to the end . They ask us to sign the consent letter regardless of your choices. The SA said they need to guide us face to face in the show house to let us fully understand the modify layout. I'm so glad that EcoWorld take the flavourable move to the buyers. Thumbs up

Good news indeed...

盛世佳年，齐乐融融。。。

The CNY gift....



This post has been edited by samkps: Jan 21 2015, 10:35 PM

Wow. This is damm freaking good news that all purhasers have choices.

Congratz in advance.

Congrats! Not sure anyone created the Whatsapp group or not but we do have FB group.
Follow this Facebook link >> https://www.facebook.com/groups/857138054313913/

Btw, which type that you are going to buy?

This post has been edited by Jasoncat: Jan 21 2015, 10:46 PM

I see... not bad not bad

Great! Hope this will be the win-win situation to all

Only 2 D? Any options for other Tenderfield?

[quote=wesleycjh,Jan 21 2015, 09:02 PM]
Good news, i got the call from SA that the mgmt agreed to have 2 options for Tenderfield 2D buyers, u can retain the original layout or opts for larger living room with full 25ft width from front to the end . They ask us to sign the consent letter regardless of your choices. The SA said they need to guide us face to face in the show house to let us fully understand the modify layout. I'm so glad that EcoWorld take the flavourable move to the buyers. Thumbs up

[/quote

My friend bought too, he wish to replace the
2x2 tiles with 800x800mm tiles.

is it okay for developer? what is the pros and cons
of yhese two tiles for big spaces in living and dinning room

woah not bad well done EW always got suprise
can take 2 boxes ah

Wahh. Damm nice ohhh.

EW really good, always got gifts n events for us.

I also wanna take 2 boxes. Lol.