Thursday, 7 May 2015

Understanding GST Tax Codes - Part 10

This is the last recommended 3 tax codes 

RS

Supplies which are supply given relief from GST. Example supplies of goods to schools, supply of wheelchairs to private charitable entity for persons with disability.

P.U.(A) 273 - Goods and Services Tax(Relief) Order 2014
​P.U.(A) 59 - Goods and Services Tax (Relief)(Amendment) Order 2015 


Wednesday, 6 May 2015

Understanding GST Tax Codes - Part 9

Deemed Supply - DS

Goods supplied without consideration attracts GST. For example, goods removed from business for own consumption or private use by a business owner is deemed to have supplied by the business to the owner. Private use of business assets will also attract GST. Gifts below RM500 are not subject to this rule.

Tuesday, 5 May 2015

Understanding GST Tax Codes - Part 8

Exempt supplies ES

Use ES43 for provision of services which are exempted from GST.

Download GST (Exempt Supply) Order 2014 here