Free Resources Basic Concepts of GST (Goods & Services Tax) Goods and Services Tax (GST) is a broad-based consumption tax levied on the import of goods and services, as well as nearly all supplies of goods and…
Free Resources What is Tax Invoice? How to issue Tax Invoice? Free Resources Tax invoice is standard format invoice required under GST system. All companies who have registered with Royal Customs Malaysia (RMC)… Read More→
Free Resources What is Input Tax Credit in GST? How to get GST Refund? Free Resources Input Tax Credit (ITC) is Goods & Services Tax (GST) paid or payable by a registered person on the purchases… Read More→
Free Resources Scope of Goods & Services Tax (GST) Free Resources Goods & Services Tax (GST) will be charged on any supply of goods or services if it is: A taxable… Read More→
Free Resources What are Goods and Services in GST? Free Resources Goods Any kind of moveable and immovable property and goods exclude money Examples of goods are: Products Land & building… Read More→
Free Resources What is 21 Days Rule in GST? (Time Bomb in GST) Free Resources If the tax invoice is issued by supplier within 21 days from the date of goods delivered or services performed and… Read More→
Free Resources What is 6 Months Rule in GST? Free Resources 6 months rule applies when a registered company has claimed the Input Tax Credit arising from the purchases he made… Read More→
Free Resources What is Blocked Input Tax Credit in GST? Free Resources There are some Goods & Services Tax (GST) you can't claim even though you have already paid for it when… Read More→
Free Resources What is Deemed Supply in GST? Free Resources Deemed Supply may apply where no consideration is received for the supply of goods or services.Examples of Deemed Supply are: Barter… Read More→
Free Resources What is Exempt Supply in GST? Free Resources Exempt Supply means goods and services sold by the companies are free from Goods and Services Tax (GST). No GST will be charged… Read More→