Overview
As such, all personnel involved in operations, production, sales and in particular finance; need to know clearly the implications of the new taxes in the costing and pricing of goods and services, accounting system and compliance with the new legislations; and to deal with transitional issues.
The workshop stresses the relevant SST processes in accordance of the SST Act to enable the business to conduct their business in an orderly and efficient manner and to highlight the penalties and stringent SST procedures that can potentially cause big penalties and fines if not done correctly.
Learning Outcomes
By the end of this Preparing Business for Sales & Service Tax (SST 2018) seminar cum workshop, you will be able to:
- Preparing for GST audit
- Understanding the concept and scope of SST
- Understand the different between GST and SST and the impact on your business
- Transitional issues moving from GST 6% to 0% and to SST
- Understanding the SST implementation mechanism
- Aware and understand the various Exemption, Benefits and Facilities available in SST
- Aware of SST taxable period and returns submission deadline
- Ensure smooth migration planning from GST to SST implementation and avoiding the pitfall
Who Must Attend
-Company directors, General managers
-Business owners, CFO, Financial Controllers, COO
-Managers of procurement, product pricing, bookkeeping, accounting, marketing, finance, legal, information systems -and, of course, taxation.
-Tax Managers , Finance Managers and Executives
-Costing, Procurement Department
-Tax consultants
-Chartered Accountants, Advisors and Auditors
-Company Secretaries and Business Consultants
-Professionals and Staff involved in preparing for the implementation of SST
-Anyone who wants to learn about the Malaysian SST
Course Details
MODULE 1 : INTRODUCTION
- Taxation in Malaysia
- Why GST
- Why SST
- Transition from GST 6% to GST 0% to SST
MODULE 2 : GST ERA
- Input Tax Credit
- GAF analysis
MODULE 3 : SST 2.0
- What is SST
- How SST work
MODULE 4 : SALES TAX
- Sales Tax Act 2018 and its related Regulations and Orders
- Sales Tax mechanism
- Test for Sales Tax
- Definition of Manufacturing and Taxable Person
- Registration
- List of items to be charged Sales Tax
- Treatment for Designated Areas and Special Areas
- Invoicing
- Submission of return, payment and late payment penalty
MODULE 5 : SERVICE TAX
- Service Tax Act 2018 and its related Regulations and Orders
- Service Tax mechanism
- Tax Rate and Taxable Services
- Registration
- Invoicing
- Submission of return, payment and late payment penalty
- Facilities under Service tax
MODULE 6 : PRICE CONTROL AND ANTI PROFITEERING ACT and Others
- Understanding the Act
- Calculating the pricing
- Assessment Dispute
- Public Ruling
Methodology
Interactive presentation, group discussion and Question and Answer.
Course Leader
Or
We have a faculty of specialist and can cater to your organisation's different levels and specific needs.
For training and advisory services, feel free to contact us at info@itrainingexpert.com or call us at +603 8082 3707 | +603 8074 9056 | +6012 6869 628 | +6018 2175 123
Testimonies
“The trainer and his delivery was excellent. I’m much more confident now that I have a better understanding on what accounting is all about; especially pertaining to the costing aspect.” – SSM.
Investment
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