Showing posts with label schemes. Show all posts
Showing posts with label schemes. Show all posts

Wednesday, 8 April 2015

Understanding GST Tax Codes - Part 3

Part 3: Purchase of goods under special schemes and blocked input tax


IS

Use this this tax code only if you have been granted approval under Approved Trader Scheme (ATS) and Approved Toll Manufacturer Scheme (ATMS). Under these schemes, GST will suspended when the approved trader imports goods into Malaysia. These two schemes are designed to ease the cash flow of traders who have significant imports.