Goods And Services Tax (GST) will be due to implement on 1 April 2014. Many enterprises still unsure how the GST carry out. Through these slide presentation will be guide you on how to prepare your business toward the get ready and deep understand the impact of the GST toward your business

1. Good And Services Tax (GST)
By Loh Boon How
(Chartered Accountant)

2. What is GST?
B. H. Loh & Associates
• GST is a multilayer tax imposed from the
manufacturer, wholesale until retailer,
• The ultimate consumer will be born such a tax.
Therefore, GST will be based on consumption,
• GST will be replace the Sales and Service Tax
(SST).
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3. B. H. Loh & Associates
What is the GST mechanism?
RM100 RM150 RM200
Wholesaler Retailer Consumer
Output
tax : RM9
Input tax :
RM6
Input tax :
RM9
Output tax :
RM12
Net tax : RM3 Net tax : RM3
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4. B. H. Loh & Associates
What are the products and services
are liable to GST?
1) Standard supply
Generally, this category is almost every product
and services that provided, including the import
product and services,
such as: computer, table, courier services, legal
services and so on.
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5. B. H. Loh & Associates
What are the products and services
are liable to GST?
2) Zero rate supply
Zero rate supply that mean such products and
services are no GST imposed, these are mainly the
basic living material that consumed by everyone
and considered an essential item.
E.g: basic groceries such as rice, flour, sugar and
cooking oil.
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6. B. H. Loh & Associates
What are the products and services
are liable to GST?
3) Exempted supply
This category is almost similar to zero rate supply,
where no GST are imposed to an ultimate
consumer. This supply contains: public
transportation, financial services, healthcare
services and private education services.
E.g: Education, public transportation and
healthcare services.
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7. Why the GST has been imposed?
1) Reduces business costs
2) Improves compliance
3) Reduces bureaucracy
4) Provides fairness
5) Ensure transparency
B. H. Loh & Associates
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8. B. H. Loh & Associates
Who are liable to register?
1. Mandatory registration – Any person whose
taxable turnover has exceeded the prescribed
threshold of RM500,000,
2. Voluntary registration – Any person whose
taxable turnover below that the prescribed
threshold and subject to Director General of
Customs approval.
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9. When to register?
B. H. Loh & Associates
• Effective date of registration will be on the 1st
April 2015,
• The tax payer are encourage to registered before
implementation of GST which is 3 months
before the 1st April 2015, and
• The Customs will open for registration start
from 1 Jun 2014.
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10. How to register?
B. H. Loh & Associates
• The tax person could log in to the web-site of
www.gst.customs.gov.my,
• Normal registration (GST-01), application for
group / JV registration (GST-02) or group
member / Venturer registration (GST-03).
• The submission through on-line, physical
submission to Customs Office nearby or by post.
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11. Where to register?
B. H. Loh & Associates
B. H. Loh & Associates
Address :
No. 1-3-15, Goldhill Complex,
Tingkat Paya Terubong 1,
11060 Penang.
H/P No. : 016-4893382
Email : bhlohass@gmail.com
Web-site / facebook : bhloh.com.my
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