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: http://gst.customs.gov.my/en/Pages/default.aspx