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GST and business
1. Good & Service Tax (GST)
Is your business ready?
www.cwca.com.my
2. GST and Business
• GST is not just a tax matter but it’s
business issue and affects every
aspect of it:
• a. Human capital
• b. Finance and administration
• c. Sales & marketing
• d. Procurement
• e. Business efficience
• f. Accountability
• g. Information technology
3. GST’s Impacts (part1):
• Human Capital: Education, departmental’s
communication and stakeholders’ benefits.
• Finance and Administration: Cash flow,
daily transaction and maximisation of input
tax credit.
• Sales & Marketing: Demand & Pricing
Factors and changes on current contracts.
• Procurement: End of Sales & Service tax
arena, vendors & suppliers with GST.
4. GST’s impacts (part2):
• Business Efficience: Organisation’s
structure,supply-chainmanagement.
• Accountability:Registration&
Compliance, cancel of SST and
consequences.
• Infomation Technology: IT changes
on system from SST to GST
compliances.