GST Updates July 2015

Deadline extended for quarterly filing cases

DG's Decision Amendments 4 2015 (13.07.2015)

DG's Decision 06/2015 (07.07.2015)

DG's Decision 07/2015 (27.07.2015)

Guide on Approved Trader Scheme (revised as at 24 July 2015)

Tertiary (revised as at 10 July 2015)

Supply (revised as at 14 July 2015) 

GST-03 Returns and Payment Guide

Furnishing of Returns

Payment of GST

Guide on GST-04 Online submission (Non-Registrant Declaration)

GST-03 Return

Form

Download your Goods and Services Tax Return form here for manual submission:

http://gst.customs.gov.my/en/rg/SiteAssets/gst_forms/revised/GST%2003%20-%20GOODS%20AND%20SERVICES%20TAX%20RETURN.pdf

Understanding GST Tax Codes - Part 1

This is a follow-up on an earlier article entitled Knowing the 23 Tax Codes. Many asked why are tax codes important. This is because the accuracy of the figures in the GST-03 return that you submit to the Royal Customs Malaysia (RMC) on monthly or quarterly basis relies on the tax codes you punched into your accounting system. For example, tax code TX refers to goods and/or services purchased from GST registered suppliers and eligible to claim input tax credit. Then system will then post this figure to item 6(a) and 6(b) of you GST-03 form.

Let's  look at the first tax code for Purchase

Knowing the 23 GST Tax Codes

The Royal Malaysian Customs recommended 23 tax codes to be entered in your accounting software for all GST related transactions. Entering the wrong tax codes will affect the accuracy of your GST-03 return forms.

The Tax Codes can be downloaded here:
https://drive.google.com/file/d/0B43_t_g3IHNzRFY2WmFmOFNjUjg/view?usp=sharing