Malaysia will be implementing GST at the rate of 6% in April 2015. Here we share what are the things you need to know and prepare from software point of view especially for retail and trading sector.

2. %

7. √
√
√
Tax Exclusive

9. √
√
√
Tax Inclusive

10. Simplified Tax Invoice Registration
www.gst.customs.gov.my

11. Simplified Tax Invoice Registration
www.gst.customs.gov.my

12. Method
1

13. Method
2

14. Method
3

15. Method
1
Method
3
Method
2
OR
OR

20. ?

21. √

22. Where to learn GST Tax Codes?
www.gst.customs.gov.my
Page 24

23. Where to learn Types of Supply?
www.gst.customs.gov.my

25. Motor Vehicles Family Benefits
Club Subscription Fees
Medical & Personal
Accident Insurance
Entertainment Medical

26. √

27. √
√

28. ??
?
? ?
? ?
?
?
??

29. Issue
Purchase Order
Receive
Stock
Issue
Supplier Invoice
Integration to
Finance
Input
Tax+

30. √

31. √
√
+

32. ??
?
? ?
? ?
?
?
??

33. Send
Quotation
Issue
Sales Order
Issue
Invoice
Integration to
Finance
+Issue
Delivery
Order
Output
Tax

34. √

35. √
√

36. ??
?
? ?
? ?
?
?
??

37. Debit
Note
Credit
Note
Auto Update to
Accounts
+
Tax
Output
Input
Tax

38. GST-03
GST Audit File
Debit
Note
Credit
Note

39. Within
21 days
Issue
Delivery Order
Issue
Invoice

40. √

42. √

43. - Input tax can be claimed for bad debts which are over 6 months.

44. - Input tax can be claimed for bad debts which are over 6 months.
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46. √

47. ? ??

50. WITH company name
Claim FULL input tax

51. WITHOUT co. name
Claim maximum RM30

55. 500 Brands in Different Retail
Sub-Sector

56. Visit our Booth # S25
on purchase of Goldsoft Software before 30 November 2014

57. Q & A