GST – POST IMPLEMENTATION
CONSIDERATIONS & PRACTICAL ISSUES
Goods and Services Tax (GST) is in force in Malaysia since 1 April 2015. GST is a tax
on consumption, often described as a multi-stage tax. It has replaced the previous
Sales and Services Tax. GST is levied on the supply of goods & services at each
stages of the supply chain from the supplier up to the retail stage of the distribution.
It is therefore a broad-based consumption tax covering a wide and comprehensive
range of business transactions. This training seeks to provide participants with an
understanding to this new tax system in enabling them to manage their firm’s
operations better, undertake more efficient coordination and implementation of
their company’s financial and management systems, be updated of the latest
decisions as made by Customs and be prepared for GST audit.
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Revise on the key elements of GST and its mechanism.
Advise on the penalties and fines for late filing, submission and errors made in
preparing GST returns.
Explain areas / situations when input tax can be set off against output tax
Account for GST as required by Customs
Identity and review business activities in line with GST.
Complete checklist to evaluate ability of firm and system to cope with GST
Identity and review business activities in line with GST.
Be updated of decisions concerning various GST treatments as made by Customs
and understand the implications
Prepare for GST Audit
Explain the basics of Price Control and Anti-Profiteering Act
Entrepreneurs, Accountants, Finance Managers, Tax Managers & Staff of accounting
department.
Module 1: Introduction to Cost Accounting & Decision Making
Module 2: Inventory/Stock Control and Its Valuation under
FRS 102
Module 3: Labour Costs Control
Module 4: Work in Progress (WIP) Valuation
Module 5: Applying Activity Based Costing (ABC)
If you have any enquiries, please contact
+60 (3) 56213630 or
email: info@comfori.com