FMM Institute (475427-W), Penang Branch
Understanding of GST Fundamentals,
Mechanisms and Facilitative Schemes for
Licensed Manufacturing Warehouse (LMW)
15-16 June 2015
9.00AM – 5.00 PM
Training Venue:
E&O Hotel, Pulau Pinang
SBL SCHEME
CLAIMABLE FROM PSMB
Introduction
The government has announced the implementation of GST on 01 April 2014. All
business owners and all unit managers must be aware of the implications and effects of
GST on their business as well as their responsibilities in the GST implementation. It is of
utmost importance that all personnel from the Licenced Manufacturing Warehouse
understand the impact of GST to their businesses and it involves not only the Finance
Department but everyone in the entire Supply Chain Assembly, starting from the
Directors, General, Managers, Chief Financial Officer, Accountants, Daily Operations,
Shipping, Logistics including Customs Services Executives and Representatives.
This will ensure that the essential GST readiness for your business is a coordinated
effort by all key business units within the business organization, as this crossfunctional awareness and learning issue will affect the entire business structure.
This program aims to equip you with the Fundamental of GST and its Mechanisms
Including the Facilitative Schemes, so that your organization can make the necessary
preparation and be proactively ready for the GST implementation.
Objectives:
Upon completion of the program, the participants will be able to:
1.
Be acquainted with the essential knowledge on GST Fundamental, Its Mechanisms
Including the Facilitative Schemes especially for the Licenced Manufacturing Warehouse
and its Compliance
2.
Have a clear understanding of GST concepts and implementation issues
3.
Equip themselves with the necessary knowledge on how to manage the GST transition as
well as know-how on how to compute and file their GST returns accurately
4.
To be proactively ready and prepared for GST implementation initiatives.
Program
Day 1
-
8:30 - 09:00
Registration
09:05
Welcome Remarks
09:10 - 10:30
Module 1:
10:30 - 10:45
Morning Coffee break & Networking
10:45 - 12:00
Module 2:
Overview of Goods & Services Tax in Malaysia

Why GST?

GST Terminologies

General Concept of GST

Proposed GST Model

GST Mechanism

Conclusion
GST Element and Scope

Element and Scope of GST

Test for GST

Supply of Goods and Services

Meaning of business

5 Business Test Rules

Taxable person

Time of supply

Special Rules

Place of supply of Goods & Services

Consideration

Value of supply

Exempt Supply


Zero rated Supply
Out of Scope Supply
12.00 - 13:00
Module 3:
13:00 – 14:00
14:00 – 15:45
Lunch & Networking
Module 4: Input Tax Credit (ITC)

Definition of Input Tax

Mechanism to claim Input Tax

Allowable Input Tax

Non allowable Input tax (Blocked Input Tax)

De Minimis Limit

Attribution & Apportionment Flow Chart

Input Tax Adjustments

Refund of Input Tax

Criteria for claiming Input Tax
15.45 – 16:00
Evening Coffee Break & Networking
16:00 – 17:00
Module 5:
17:00
End of Day One
Day 2
Registration

Registration requirements

Exemption from Registration

Determination of Threshold; Historical or
Future Method

Late Registration Penalties
Accounting for GST

Tax Invoice

Full Tax Invoice & Required Particulars

Credit Note & Required Particulars

Debit Note & Required Particulars

Bad Debt Relief

Bad Debt Recovery & JKED 02

Taxable Period

Filling Of GST Return - Payment & Refund

Penalty for Late Filing of Returns

Record Keeping
-
09:00 – 10:00
Module 6:
Reliefs, Exemption, Refund And Remission

Reliefs

Refund

Bad Debts Provision

Tourist Refund Scheme

Remission of Tax

Remission of tax On Lost Goods Under
Customs Control
10:00 – 11:00
Module 7:
11:00 – 11:15
Morning Coffee break & Networking
11:15 – 13:00
Module 8:
13:00 – 14:00
Lunch & Networking
14:00 – 15:45
Module 9:
GST Treatment on Licenced Manufacturing
Warehouse (LMW)

GST Implications to Manufacturing

What Is A Licensed Manufacturind Warehouse
(LMW)

GST Treatment For LMW

GST Implication On Goods Supplied From
LMW

Accounting For Output Tax And Customs Duty

GST- Special Valuation

GST Implication On Services Acquired By A
LMW

Farming Out Within Malaysia

Farming Out Outside Malaysia

Sub Contract Work Under ATMS

Drop shipment

Employee benefits

Loan on stock and equipment

Discount

Trade-in Goods

Other transactions
Special Schemes

Approved Trader Scheme (ATS)

Approved Toll Manufacturer Scheme (ATMS)

Warehousing Scheme (WS)

Designated Areas
Transitional Rules

Registration Before Appointed Date

Non Reviewable Contract

Supplies Spanning GST

Progressive Or Periodic Payment

Special Refund For Goods Held On Hand

Retention Payments

Unredeemed Vouchers

Warranty

Some Obligations Of Taxable Persons

Offences & Penalties Under GST Act 2014
15.45 – 16:00
Evening Coffee Break & Networking
16:00 – 17:00
Module 10: What Business Should Do To Prepare For GST

Establishing GST Committee

Business Preparation

Modification to accounting system

Preparing bills and invoices

GST Legal & Regulatory Compliance

Goods & Services Tax Act 2014

Goods & Services Tax Regulation 2014

Goods & Services Tax (Relief) Order
2014

Goods & Services Tax ( Zero Rated
Supplies) Order 2014

Goods & Services Tax (Exempt
Supplies) Order 2014

Price Control and Anti-Profiteering Act 2011

Section 14 - Offence to Profiteer

Section 15 - Mechanism To Determine
Unreasonably High Profit

Section 18 - Penalty

GST Audit

Guide To Enhancing Your Accounting Software
To Be GST Compliant

Utilising GST Portal

GST Forms

17:00
CONCLUSION
End of Day Two
Who Should Attend
Directors, General Managers, Finance Managers, Accountants, Accounting Staff,
Entreprenuer and Executives from Operations, Sales, Purchase & Administration
Departments.
THE FACILITATOR
Mr. Jeyasingam R, MBA (Human Resource Management), has vast experience and an
abundance of knowledge in the field of administration and enforcement of Malaysian Customs
laws, regulation and related procedures. He has more than 35 years of experience in the Royal
Malaysian Customs Department. He has served hands-on in various divisions of the
Department namely; the Import / Export at the Air Cargo Subang International Airport, Kuala
Lumpur Sales Tax; Taiping Industries; Ipoh Industries / Free Industrial Zone and the Passenger
Examination Divison at the Penang International Airport. He was also actively involved in the
Subang International Airport Air Cargo User Task Force Team that developed the Customs
Information System (SMK) between 1994 - 1996
He has also conducted numerous trainings for the benefit of the manufacturing and service
sectors in areas of Customs laws, regulations and related procedures. He was also a panel
lecturer for the Forwarding Agents’ Basic Course being conducted by the Department in
collaboration with the Penang Freight Forwarders Association and with the Institute of
Federation of Malaysian Manufacturers, (FMM) Northern Branch.
He was the Head of Customs of the Free Commercial Zone Division at the Second Air Cargo
Complex (MAB), Penang International Airport for four (4) years and as the Head of the Post
Import Audit Division, Ipoh, as Senior Assistant Director of Customs before his retirement in
May 2011, Upon retirement, he worked as Logistics and Compliance Manager for two years
with World Micro Components (M) Sdn. Bhd. (a US-based electronic components distributor) at
the FCZ Penang Airports.
He is currently a HRDF registered Trainer and Customs Advisor with Rakan Management
Services. He is also registered as trainer with Penang Freight Forwarders Association, FMM
Perak, FFM Institute Perak, MICCI Perak Branch, FMM Selangor, FMM Kedah/Perlis and FMM
Malacca. He also provides training on GST with the pending implementation of the Proposed
Malaysian Goods Services Tax (GST)
ADMINISTRATIVE DETAILS
COURSE FEE
RM990 (FMM Member) / RM1100 (Non-Member) per participant
(The fee includes luncheon, coffee/tea breaks and notes)
Price not including GST
DRESS CODE
Office Attire
REGISTRATION
Participation in the program is based on a first-come-first-served
basis. Cheques made in favor of the “FMM Institute” should be
forwarded on or before program date to the FMM Institute, Northern
Branch, Bandar Seberang Jaya. Participant who registered but did not
attend, will be billed accordingly. Upon confirmation, kindly send us
the payment before the commencement of the program.
CANCELLATION
There will be no refund for cancellation within 2 days prior to the program,
50% for cancellation between 3 – 6 days and full refund for cancellation 7
days prior to the program. Please inform in writing if you intend to cancel.
A replacement can be accepted at no additional cost.
DISCLAIMER
The FMM Institute reserves the right to change the facilitator, date and
to vary / cancel the program should unavoidable circumstances
arise. All efforts will be taken to inform participants of the changes.
Upon sending the registration form, you are deemed to have read
and accepted the terms and conditions.
ENQUIRIES
Ms Nazliza / Haffiz/Rahayu
FMM Institute
No 2767, Mukim 11, Lebuh Tenggiri 2, Bandar Seberang Jaya,
13700 Seberang Perai
Tel : 04-6302052 ( Nazliza ) / 04-3992057 ( Haffiz )
Fax : 04-6302054 /
Email: nazliza@fmm.org.my
haffiz@fmm.org.my
rahayu@fmm.org.my
7 June 2015
CLOSING DATE
REGISTRATION FORM
Understanding of GST Fundamentals, Mechanisms and Facilitative Schemes for Licensed
Manufacturing Warehouse (LMW)
Venue : E&O Hotel, Pulau Pinang.
To : Ms Nazliza / Haffiz
( Fax : 04-6302054/ nazliza@fmm.org.my / haffiz@fmm.org.my )
Enclosed cheque / bank draft no.
________________ for
FM Institute (Penang Branch)
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payment for
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being
participant(s) made in favour of “FMM Institute”
*Submitted By :
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