Understanding GST Tax Codes - Part 4

Purchase of exempt supplies and purchase of goods outside the scope of GST

EP

Purchase of exempt supplies such as toll, public transportation, medical etc.

Description	Dr.	Cr.	Tax Code
Expenses - exempted supplies	Taxi		EP
		Cash

OP

Purchase of goods outside the scope of GST.  Example, purchase of goods from overseas but the goods were sold directly to a customer outside of Malaysia. You are not entitled to claim input tax credit for any VAT or GST charged by the overseas supplier, if any.

Other examples are purchase of a business and transferred as a going concern .

Description	Dr.	Cr.	Tax Code
Purchases - Out of Scope	Purchase		OP
Overseas purchase but delivered to a		Trade Payables
country outside Malaysia

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