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1. Ben Lai
www.industries.my

2. GST is charged on:
 Taxable Supply of Goods and Service
 Made by Taxable Person
 In the course or furtherance of business
 In MALAYSIA
 Imported Goods/Services

3. Type of supply Output Tax Input Tax Example
Standard-Rated 6% Claimable Scaffolding, Roofing, Truss,
Racking, Painting,
Installation etc.
Zero-Rated 0% Claimable Basic Food, Lives Stock,
300units of electricity,
Exported Goods & Services
Exempted No GST Not
Claimable
Public Transport, Tol,
Education, Healthcare,
Financial, Residential
Properties, Land for general
use.

5. Strategy Formulation
Create awareness
Compliance with Law

 Improve Efficiency
TOP
Management
--------------
Middle
Management
--------------
Technical /
Operational

6. GST committee was formed with representative
from the respective department to undertake
the impact study on the area of :
 Information System
 Finance / Account
 Sales & Marketing
 Purchasing & Logistic
 Human Resource

8. Before 1 April 2014
 At least 1 month for SYSTEM test run
 Create awareness among all
After 1 April 2014
 Monthly Submission on time
 Not Changes Allowed after submit
 Internal Control

10.  ERP system implementation
◦ Mapping of New Chart of Account
◦ Exchange rate in conformity with RMC requirements
◦ Documentation Setup in conformity with RMC
requirements
◦ GST Return form 03
◦ GST audit file
 Accounting System Advisory Subsidiaries
◦ AutoCount
◦ SQL accounting
◦ SAGE 300 ERP

11.  To review on current documentations
o Expenses Claims Form
o Monthly Allowances
 To formulate new set of HR Policies

12.  Review of all material contracts
 Obtained appropriate registration
 Cancel old sales / service tax license
 Prepare for switch over date (trial run)
 Apply for appropriate special scheme (ATS)
 Identify Cash flow impact and optimization
 Minimization of compliance cost
 Maximize claim of input tax
 Financial Application Impact (eg. BA, Term
Loan)

13.  Pricing Strategy
 Standard rated supplies (Products & Scrap)
 Deemed supplies (Services & Labor)
 Timing of supply (21 days rule)
 Debts Management (6 months old debts)
 Transfer pricing issues (Inter-Company Sales)

14.  Vendor validation & Selection
o To request for vendor registration
o To study all material cost impact
o To study on indirect cost impact (eg. TPT cost)
o To minimize input tax (bonded warehouse)

15.  Attend training run by professional body
 Training of key staff (In house)
 Engage external consultant to run the project
across subsidiaries.

16.  To identify connected person and consider
transfer pricing issue
 To optimise business models impact by GST
implementation
 To optimise Corporate Structure for GST
efficiency