OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. GST subsumed various indirect laws in the country and the led to the formation of a common national market. In this webinar, we shall examine and understand the various registrations under the GST Law.
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
Objectives & Agenda :
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. Before levying any tax, taxable events needs to be ascertained. Under GST, taxable event arises on "supply of goods or services or both". In this webinar, we shall analyse and understand the provisions related to definition of supply.
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. GST subsumed various indirect laws in the country and the led to the formation of a common national market. In this webinar, we shall examine and understand the various registrations under the GST Law.
Provisions Regarding Baggage, Goods Imported or Exported by Post, Courier and...DVSResearchFoundatio
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. In this webinar we will learn the provisions related to baggage, goods imported or exported by post, courier and stores.
Objectives & Agenda :
Goods and Services Tax (GST) is an Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. Before levying any tax, taxable events needs to be ascertained. Under GST, taxable event arises on "supply of goods or services or both". In this webinar, we shall analyse and understand the provisions related to definition of supply.
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various provisions for non-applicability of GST and exemptions from GST. In this webinar, we shall analyse and understand such provisions.
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. It is designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
OBJECTIVE
Goods and Services Tax (GST) is the Indirect Tax levied in India introduced in July 2017 which was one of the most important reforms in the Indian Economy. There are various provisions for non-applicability of GST and exemptions from GST. In this webinar, we shall analyse and understand such provisions.
OBJECTIVE
Customs duty is an indirect tax, which is a tax on the goods and not a tax on the person having or owning the goods. Custom Duty is valued based either on specific duty or Ad valorem. In this webinar, we will be understanding the provisions of Valuations under Customs Duty.
This material is a part of our PGPSE programe. Our programme is available for any student after class 12th / graduation. AFTERSCHO☺OL conducts PGPSE, which is available free to all online students. There are no charges. It is designed to give a comprehensive training in social entrepreneurship / spiritual entrepreneurship. This programme is aimed at those persons, who want to ultimately set up their own business enterprises which can benefit society substantially. PGPSE is a unique programme, as it combines industry consultancy, business solutions and case studies in addition to spirituality and social concerns. You can read the details at www.afterschoool.tk or at www.afterschool.tk
An introduction to Good & Services Tax (GST) in Malaysia such
-Scope of tax
-GST mechanism
-Dfination of taxable person
-Types of supply
-GST registration
-Place, time & value of supply
-Types of registration
-Tax invoice, debit note & credit note
-Bad debt relief
4 Key impact area on gst implementation synergytas
GST Malaysia is coming for real. With 4 key impact areas on implementation. Join us for the action plan on GST conducted by Dr Choong Kwai Fatt. Visit website www.synegytas.com/gstkls2 for more information.
The debate over the implementation of Goods and Services Tax (GST) has been tiresomely long.
GST is a critical reform in spurring growth in the Indian economy.
When it is introduced, GST is expected to make the tax system simpler and will also help in increased compliance, boost tax revenues, reduce the tax outflow in the hands of the consumers and make exports competitive. The new government will hopefully set forth a roadmap for the implementation of GST soon.
Today’s lesson on GST attempts to simplify this concept for you.
Malaysia GST Implementation plan for CompanyBen LAI
The owner of this Slide will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses or damages from the display or use of this information.
This ppt gives an overview of the proposed GST bill in India. This ppt has custom animations which look like overlapped content on slideshare-viewer. It is recommended to download it on your system and then open using powerPoint-viewer.
The slides provide information on the new GST Tax Regime,and how to implement GST in SAP. It provides information on the tax structure and the challenges organization will face during Implementation.
For more information please visit www.salienterp.com or email at info@salienterp.com
Gst 2 days public program by iTrainingExpert.com in MalaysiaSue Boey
Goods and Services Tax(GST);
Maximising GST for better returns
2 days informative and interactive workshop for
Finance and Non-Finance Personnel
*GST Mandarin session (In house) is available -消费税-现已推出中文版
Please contact www.iTrainingExpert.com
Email: info@iTrainingExpert.com NOW
#GST Fundamentals for Export - Import# By SN PanigrahiSN Panigrahi, PMP
#GST Fundamentals foe Export - Import# By SN Panigrahi,
How to Start Export Business in Six Simple Steps,
What – Where & How to Export,
Understanding Basics of GST,
Understanding How GST Works,
GST is a Value Added Tax - a Multipoint Levy Tax,
GST is a Destination Based Tax,
GST : Dual Taxation System,
Four Aspects of GST,
Scope of Supply,
Composite Supply & Mixed Supply,
GST Rate Classification,
Reverse Charge Mechanism,
RCM – Import Services,
Registration under GST,
Treatment of Export & Import under GST,
Zero Rated Supply,
Exports under GST – Two Options,
Export Without Payment of Tax Under Bond / LUT (or) With Payment of IGST & Refund,
Export Documents,
Mandatory Documents Required for Export & Import,
Export Tax Invoice,
Merchant Exports,
Export Promotion Schemes,
Trade Agreements,
Export Procedure,
RFID e-Seal Based Self-sealing Procedure,
E-Waybill,
Import Duty Calculation,
Duty Drawback
why GST implemented in India
why GST still far way in India
advantages & disadvantages of GST
GST in India and other countries
challenges of GST
Suggestion for GST
Goods and services tax in nutshell ,possibility and problemsPrashant Arsul
It is a destination based tax on consumption of goods and services
It is levied at all stages right from manufacture up to final consumption with credit of taxes paid at previous stages available as setoff.
only value addition will be taxed and burden of tax is to be borne by the final consumer
It is vital for businesses to identify the GST risks that may impact daily operations.
Grant Thornton Malaysia can provide GST Health Check Services that will accord you with guidance and assistance to identify the GST risks and subsequently your business can prepare remedial measures to mitigate the GST risks.
Objective and Agenda:
To understand the procedure of registration under GST in Singapore. The webinar shall dwell upon other aspects like threshold limit for GST registration, due dates for filing return, benefits and limitation of GST etc. Further it would provide insights on penalty for non compliance, audit requirements and GST schemes introduced to help businesses.
Yes of course, you can easily start mining pi network coin today and sell to legit pi vendors in the United States.
Here the telegram contact of my personal vendor.
@Pi_vendor_247
#pi network #pi coins #legit #passive income
#US
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
how can I sell pi coins after successfully completing KYCDOT TECH
Pi coins is not launched yet in any exchange 💱 this means it's not swappable, the current pi displaying on coin market cap is the iou version of pi. And you can learn all about that on my previous post.
RIGHT NOW THE ONLY WAY you can sell pi coins is through verified pi merchants. A pi merchant is someone who buys pi coins and resell them to exchanges and crypto whales. Looking forward to hold massive quantities of pi coins before the mainnet launch.
This is because pi network is not doing any pre-sale or ico offerings, the only way to get my coins is from buying from miners. So a merchant facilitates the transactions between the miners and these exchanges holding pi.
I and my friends has sold more than 6000 pi coins successfully with this method. I will be happy to share the contact of my personal pi merchant. The one i trade with, if you have your own merchant you can trade with them. For those who are new.
Message: @Pi_vendor_247 on telegram.
I wouldn't advise you selling all percentage of the pi coins. Leave at least a before so its a win win during open mainnet. Have a nice day pioneers ♥️
#kyc #mainnet #picoins #pi #sellpi #piwallet
#pinetwork
USDA Loans in California: A Comprehensive Overview.pptxmarketing367770
USDA Loans in California: A Comprehensive Overview
If you're dreaming of owning a home in California's rural or suburban areas, a USDA loan might be the perfect solution. The U.S. Department of Agriculture (USDA) offers these loans to help low-to-moderate-income individuals and families achieve homeownership.
Key Features of USDA Loans:
Zero Down Payment: USDA loans require no down payment, making homeownership more accessible.
Competitive Interest Rates: These loans often come with lower interest rates compared to conventional loans.
Flexible Credit Requirements: USDA loans have more lenient credit score requirements, helping those with less-than-perfect credit.
Guaranteed Loan Program: The USDA guarantees a portion of the loan, reducing risk for lenders and expanding borrowing options.
Eligibility Criteria:
Location: The property must be located in a USDA-designated rural or suburban area. Many areas in California qualify.
Income Limits: Applicants must meet income guidelines, which vary by region and household size.
Primary Residence: The home must be used as the borrower's primary residence.
Application Process:
Find a USDA-Approved Lender: Not all lenders offer USDA loans, so it's essential to choose one approved by the USDA.
Pre-Qualification: Determine your eligibility and the amount you can borrow.
Property Search: Look for properties in eligible rural or suburban areas.
Loan Application: Submit your application, including financial and personal information.
Processing and Approval: The lender and USDA will review your application. If approved, you can proceed to closing.
USDA loans are an excellent option for those looking to buy a home in California's rural and suburban areas. With no down payment and flexible requirements, these loans make homeownership more attainable for many families. Explore your eligibility today and take the first step toward owning your dream home.
How Does CRISIL Evaluate Lenders in India for Credit RatingsShaheen Kumar
CRISIL evaluates lenders in India by analyzing financial performance, loan portfolio quality, risk management practices, capital adequacy, market position, and adherence to regulatory requirements. This comprehensive assessment ensures a thorough evaluation of creditworthiness and financial strength. Each criterion is meticulously examined to provide credible and reliable ratings.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Seminar: Gender Board Diversity through Ownership NetworksGRAPE
Seminar on gender diversity spillovers through ownership networks at FAME|GRAPE. Presenting novel research. Studies in economics and management using econometrics methods.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
2. VAT/GST in ASEAN countries
Country Year
Initial
Rate
(%)
Current
Rate
(%)
Registration Threshold
(National currency)
Registration
Threshold
(USD)
Indonesia 1984 10 10 Rupiah 600 mil 68,000
Cambodia 1999 10 10 Riel 30 mil – 125 mil 7,000 – 30,000
Loas 2009 10 10 Lao Kip 400 mil 49,000
Philippines 1998 10 12 Peso 1.5 mil 34,000
Singapore 1994 3 7 SGD 1 mil 782,000
Thailand 1992 7 10 Baht 1.8 mil 59,000
Vietnam 1999 10 10 No threshold -
Only Brunei, Malaysia and Myanmar have not implemented VAT/GST
3. OVERVIEW OF MALAYSIA GST
Goods and Services
Tax (GST)
6%
Sales and Service Tax
(SST)
10% & 6%
5. OVERVIEW OF GST
Malaysia GST :-
Implementation date : 1st April 2015
Rate fixed at 6%
Broad based consumption tax
Multi-stage tax
Self monitor system
6. OVERVIEW OF GST
Zero-rated (0%) and Exempted Supplies
1. GST will not be imposed on basic food items such as rice,
sugar, salt, flour, cooking oil etc.
2. GST will not be imposed on piped water supply and 1st 200
units of electricity for domestic users
3. GST will not be imposed on services provided by the
Government eg issuance of passport, licenses, healthcare
services, school education.
4. Transportation services eg. bus, train, LRT, taxi, ferry, boat,
highway toll, education and health services are exempted
from GST.
7. SPECIAL TRANSACTION
E – Commerce
Goods sold through electronic transaction = goods
supplied in conventional manner. Supplier charges GST on
supplies.
Services subject to GST if both suppliers and recipients
belong in Malaysia.
Belong in Malaysia -> Internet protocol (IP) address of
Malaysia for either supplier or recipient.
8. SCOPE OF GST
Scope of Tax:
Any taxable supply of goods & services
Made in Malaysia
By a taxable person
Made in the course or furtherance of any business
Importation of goods
8
9. Types of supply Output Tax Input Tax
Standard rated 6% Claimable
Zero rated 0% Claimable
Exempt No Non-claimable
MALAYSIA GST MODEL
14. Taxable period
Annual sales Category Taxable period of
RM 5 Million and above A One month
Less than RM 5 Million B Three months
COMPUTATION OF GST RETURN
15. GST REFUND
Refund of input tax
Within 14 working days for online submission
Within 28 working days for manual submission
from the date the return is received
overpayment can be claimed within 6 years (subject to
conditions) from the date payment made
(a) taxable person – amend GST-03
(b) non-taxable person – amend GST-04
16. No. of days tax
remain unpaid
Rate of penalty Cumulative
1-30 days 5% 5%
31-60days 5% 10%
61-90days 3% 13%
91-120days 3% 16%
121-150days 3% 19%
151-180days 3% 22%
181 days or ≥ 3% 25%
LATE PAYMENT PENALTY
17. Tax Remains
Unpaid Date
Rate of
Penalty
Subject
to 6% GST
(‘000)
Penalty
Amount
(‘000)
Cumulative
Penalty Amount
(‘000)
1 – 30 days 1 – 30 June 5%
1,500
75 75
31 – 60 days 1 – 31 July 5% 75 150
61 – 90 days 1 – 31 Aug 3% 45 195
91 – 120 days 1 – 30 Sept 3% 45 240
121 – 150 days 1 – 31 Oct 3% 45 285
151 -180 days 1 – 30 Nov 3% 45 330
181 days or
more
After 1 Dec 3% 45 375
Tax Penalties
• Estimated turnover :RM25m
• Total output tax payable :RM1.5m + RM 0.375m = RM 1.875m
17
22. EXEMPT SUPPLIES
Goods
land used for residential or agricultural purposes or
general use (burial ground, playground or religious
building)
building used for residential purposes.
23. EXEMPT SUPPLIES
Services
domestic transportation – public transport
toll highway
education services
childcare services
healthcare services
financial services
funeral, burial and cremation services
* Note : The relevant Act of each category
25. GST REGISTRATION
Are you carrying a
business?
Taxable Supplies ?
Mandatory
Registration
Taxable turnover ≥
RM500,000 ?
No
No
No
Voluntary
Registration
At least maintain 2
years
26. Mandatory Registration
Any person who makes taxable supply of goods and
services in Malaysia
Business with annual sales of RM 500,000 and above
Calculation of taxable turnover for registration is based on
total value of taxable supplies for 12 months period
GST REGISTRATION
27. GST REGISTRATION
Method Explanation
Historical Turnover Total value taxable supplies of any
month and the previous 11 months.
Future Turnover Total value of taxable supplies of any
month and the next 11 months.
Determine of taxable turnover
27
Note:
Pre-Registration before implementation of GST
i. Application to be made 3 months before implementation date
ii. Pre-registration exercise STARTED ON 1 JUNE 2014
29. the directors of the company or the partners of the
firm or officials or committee members of the society or
other body of persons, as the case may be,
shall together with the company, limited liability
partnership, firm, society or other body of persons
be jointly and severally liable for the tax,
surcharge, penalty, fee or any other money:
GST Act 2014 – S.53
GST ESSENTIAL PRINCIPLES
30. TAX INVOICES
Issue by taxable person who make taxable goods or
services for the purpose of business in Malaysia.
Serves as an evidence to support a customer’s claim
for deduction of input tax.
Issued by every registered person. The suppliers must
keep a copy and recipient keep the original.
Shall issue within 21 days after supply has taken place.
Must contain prescribed particulars.
30
32. Simplified Tax Invoice:
Must get approval from Director General.
Business usually generate high volume of invoices
daily.
Example: Supermarket, Petrol Kiosks, Parking &
Restaurants.
Amount > RM 30 of Input Tax = Full Tax Invoice.
Amount ≤ RM 30 of Input Tax = Simplified Tax
Invoice.
32
TAX INVOICES
34. KEY FOCUS FOR SUCCESSFUL GST
IMPLEMENTATION
People
TechnologyProcess
Education & training
Staffing for the upcoming GST
Communication plan
IT system
configuration
and
modification
Current IT
system caters
for GST
To understand
and identify the
“As It” and “To
Be” in order to
be GST
compliant
Business process
flows, physical flows
and document
flows, place and
time of supply, rules
and managing cash
flow
Supply chain
analysis of suppliers
and customers
Transitional issues
35. GST IMPACT ACROSS ALL BUSINESSES
GST
Information
System
Suppliers
Customers
Finance &
Admin
Internal /
Human
Capital
Strategy
Legal
Sales &
Marketing
Strategies
36. Your Challenges :
Respond to the GST policy
Addressing GST strategic issues
Identifying processes impacted by GST
Analyzing the GST impact
Establishing the GST Steering Committee
Communication change
Developing the GST implementation
strategy
Identifying resource needs
Training of personnel on GST
Managing the transition of GST
Our Solutions :
GST Implementation by
GST.com.my
Stage 1 : Preliminary
Assessment
Stage 2 : GST
Implementation Strategy
Development
Stage 3 : Training & Test
Run
GST Implementation Challenges
37. STAGES OF GST IMPLEMENTATION
1st stage :
Preliminary
Assessment
2nd stage:
GST Implementation
Strategy
Development
3rd stage:
Training and
test run
38. ISSUE TO CONSIDER IN GST
IMPLEMENTATION
Taxability of supplies made
Types of acquisition and the eligibility for input tax
credit
Impact of HR benefits provided to employee
Contract
Systems and documentation
issues
39. AUG SEPT OCT NOV DEC JAN APRIL
STAGE 1 :PRELIMINARY
ASSESSMENT
STAGE 3 : TRAINING
& TEST RUN
STAGE 2 : GST
IMPLEMENTATION
PLAN YOUR COMPANY GST TIMELINEIMPLE
.
FEB
Test run
Year
2014
www.gst.com.my
MAC
40. Malaysia GST consulting company.
Our Chief Advisors are trained by the GST division of Royal
Malaysia Customs Department (RMC).
Own dedicated GST team is formed.
Started first GST implementation case in year 2010.
Professional services:-
(a) GST Implementation
(b) GST in house & public training
40
GST VINTAGE SDN. BHD.