The Malaysian government continues its efforts in seeking public feedback and acceptance of the Goods and Services Tax (GST) implementation in Malaysia, as well as continues to create public awareness and educate the people and businesses.
Royal Malaysian Customs has on 7 July 2011, issued draft Goods and Services Tax (GST) General Guide and Industry Guides for public/business feedback and comment.
Members from the public/business sector are invited to give comments on these guides by sending email to Tuan Mohd Hisham bin Mohd Nor at [email protected].
GST General Guide (draft)
The GST General Guide booklet forms part of a series of educational materials made available to help businesses and organisations prepare for GST implementation in Malaysia.
The content of the GST General Guide includes:-
|2||Scope of goods and services tax|
|3||Registration for GST|
|6||Imported and exported goods|
|7||Tax invoice and record keeping|
|8||Credit notes, debit notes, bad debt relief and adjustments|
|9||Taxable period, accounting basis, furnishing of returns, payment of tax|
|10||Input tax credit|
|12||Capital goods adjustment|
|13||Refund and remission|
|15||Audit and assessment|
|17||Review and appeal|
GST Industry Guides (draft)
Besides GST General Guide above, GST Industry Guide booklets are also made available specifically to provide guidance to businesses and organizations operating in specific industries.
GST Industry Guide includes:-
Click the link above to download the respective draft GST Industry Guide.