Sunday, October 19, 2014

Download and read the Handbook for Goods and Services Tax (GST) for Businesses

Malaysia government is going to implement the Goods and Services Tax (GST) on 1 April 2015.

The Royal Malaysian Customs Department has published a Handbook for Goods and Services Tax (GST) for Businesses, which is a very good reference book for everyone in Malaysia to have better understanding about this upcoming GST. You can download its e-Book for free from their website.

Click here to download the Handbook for Goods and Services Tax (GST) for Businesses.

The content of this 183-pages handbook consists of:

1. Salient features of GST

  • What is GST?
  • Proposed GST model
  • Basic elements of GST
  • Registration for GST

2. Accounting for tax
  • Charging output tax
  • Entitlement of input tax
  • Apportionment rules
  • Credit note & adjustment
  • Debit note & adjustment
  • Bad debt & adjustment
  • Filing of GST return & payment
  • Record keeping 

3. Implementation of GST and business preparation
  • Preparation for implementation of GST
  • GST implications
  • Tax code
  • Business preparation for GST
  • Supplies spanning GST
  • Non reviewable contract
  • Special refund
Beside this handbook, you can also find many information about GST implementation in Malaysia from this official website:


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