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

http://gst.customs.gov.my/en/rg/SiteAssets/gst_order/pua_20141013_P.U.%20(A)%20271-perintah%20cukai%20barang%20dan%20perkhidmatan%20(pembekalan%20dikecualikan)%202014.pdf

Description	Dr.	Cr.	Tax Code
Exempt Supplies Sales	Trade Receivables
		Sales	ES

Incidental Exempt Supplies ES43

Examples if incidental exempt supplies are:

• interest income from deposits placed with a financial institution in Malaysia, 
• realised foreign exchange gains or losses, 
• first issue of bonds, 
• first issue of shares through an Initial Public Offering 
• interest received from loans provided to employees 
• factoring receivables, 
• money received from unit holders for units received by a unit trust etc.

Description	Dr.	Cr.	Tax Code
Incidental Exempt Supplies	Bank / Cash
		GST - Output Tax
		FD Interest Received	ES43

Next: Part 9 DS and OS

Previous: Part 7 SR, ZRL, ZRE