Goods & Service Tax (GST) is a new tax system to be implemented in Malaysia to replace the current Sales and Service Tax (SST). The objective of the Seminar is to introduce the participants in the manufacturing industry to this new tax system which is proposed to be introduced in 2011 so that manufacturing companies can be prepared for its introduction without any delay and to maximize costs.
BENEFITS
Understand the key elements of GST and its mechanism.
Analyse and understand the implications of GST on your manufacturing activities.
Identity and review business activities in line with GST.
How to effectively overcome implementation, compliance and enforcement issues.
Treatment of transitional issues upon implementation of GST.
Understanding of Schemes / Reliefs available to Manufacturers
WHO SHOULD ATTEND?
Finance Managers, Accountants and Auditors
General Managers
Management Corporations
Manufacturers & Traders
Purchasing / Procurement Managers
Operations Managers
IT Personnel
Management / Business Consultants
Tax Advisors
COURSE OUTLINE
Introduction
Comparison between SST V GST
Objective
Rationale for implementing GST
Scope and charge to tax
Types of Supply
o Standard Rated Supply
o Zero Rated Supply
o Exempt Supply
o Out of Scope Supply
Tests for GST
o What is a Supply
o Taxable Supply
o Taxable Person
o Concept of Business
Input Tax, Output Tax and Credit Mechanism
Concept of Supply
o Place of Supply
o Time of Supply
o Value of Supply
Computation of taxable turnover
Registration
o Liability to register
o Voluntary registration
o Group registration
o Branch Registration
o Exemption from registration
o Partnership
o Deregistration
Accounting for GST
o Taxable period
o Accounting basis
o Bad debt provision
o Tax invoice & Simplied Tax Invoice
o Treatment of Debit / Credit Notes and Discounts
o GST Returns
o Input Tax Credit (ITC)
o Input Tax Apportionment
o Deminis principle
GST Treatment
o Input Tax Adjustments
o Treatment of Capital Assets, Raw Materials and Components
o Machinery acquired under HP Agreement and Lease Agreement
o Trade Samples and Warranties
o Subcontracting / Farming Out
o Goods on Consignment
Special Cases
o Non Application to Government
o Treatment of Agents
o Supplies spanning changes in rate or description
o Transfers Of Going Concern (TOGC)
o Designated Areas
Special Schemes
Schemes applicable to Manufacturers
o Warehousing Scheme
o Approved Trader Scheme
o Toll Manufacturer Scheme
o Capital Goods Scheme
Review and Appeals
Goods & Service Tax Rulings
Transitional Issues
o Payments & Invoicing before GST
o Effect on sales tax and service tax
o Irreviewable Contracts
o Progressive & Periodic Supply
o Refund of sales tax on goods held on hand
o Claim for Special Refunds
o Unredeemed Vouchers
Offences & Penalties
Questions and Answer
TRAINERS PROFILE
P. Nadaraja was formerly with the Royal Malaysia Customs (1981-1997) as a Senior Officer of Customs having served in various units and his key areas of focus includes customs administration, import and export procedures, classification, valuation, licensing and compliance matters. He posses an indepth knowledge of various customs legislations including Customs Act, Sales Tax Act, Service Tax Act, Excise Act and other subsidiary legislations. He has vast experience in Customs matters and has been a guest lecturer at the Royal Malaysia Customs Academy in Malacca on various occasions to deliver lectures on various aspects of Customs laws and procedures.
In 1997 he left the Customs Department on optional retirement for private practice as an Advocate and Solicitor. He is now involved in legal practice and at the same a time is actively involved in conducting seminars and workshops on customs matters. He has also conducted in house training for various companies including statutory bodies and has advised and consulted upon by companies on issues such as customs and sales tax valuation, classification, service tax matters, drawback, refunds, exemptions and others. He was officially appointed by the Customs Department to conduct Basic Customs Course for forwarding agents during the year 2005 2007.
He is also an Associate of the Chartered Institute of Secretaries and Administrators (ACIS) and an Associate of the Chartered Tax Institute of Malaysia (ACTIM). He is currently involved in customs litigation and rendering of consultancy services on Customs matters.
COURSE FEES & REGISTRATION
RM 980.00 per person SBL Claimable (includes Lunch, Tea-Breaks, Course Notes and Certificate of Completion)
You could register by downloading the form from
www.expopro.net/reggstmanu.pdf and faxing it to 03 7880 2817 OR register online by clicking here
ORGANISER/ CONTACT PERSON
Malaysian Export Academy
306, Block C, Glomac Business Centre,
Jalan SS 6/1, Kelana Jaya,
47301 Petaling Jaya, Selangor
Tel : 03 7806 5595 / Fax: 03 7880 2817 0r 7806 5913
Email :
kabur@exportersclub.biz
Contact Person : Kabur
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