Banking

Understand The Implementation & Application Of GST
(Goods & Services Tax Act 2009) In Malaysia

Date: 19 & 20 Feb 2014 – Holiday Inn Glenmarie, Shah Alam
Next Date: 21& 22 April 2014 – Dorsett Regency Hotel, Kuala Lumpur

Fees: RM1,250.00 (HRDF CLAIMABLE)
- Course fee includes 2 tea breaks (morning and afternoon), a lunch, course material and certificate of attendance

Introduction
The proposed Goods and Services Tax Act 2009 (GST) which will be implemented on 1st April 2015 and will replace
the current Sales and Service Tax, is a broad based consumption tax based on value added concept.
This special 2 days intensive Seminar is designed to assist participants to understand the objectives, law, concept
and operations of the current Sales Tax and Service Tax and what is in store for businesses under the
proposed GST in Malaysia. While there are similarities between the current Sales and Service Tax and the
proposed GST, there are signification differences too which will affect all levels and types of businesses. Therefore
it is important for businesses to understand and prepare themselves to manage GST upon its implementation,
especially with regards to registration, imposition, collection and payment of GST and related issues, in particular
its impact on sales and cash flow.

WHO SHOULD ATTEND
- Company Directors / Business Owners / SME Entrepreneurs
- General Manager / Branch Manager / Divisional Manager
- Managers / Executives / Engineers / Technical Specialist
- Professionals such as Doctors, Architects and Lawyers
- Business managers & executives
- Business Investors / Financial Analysts / Bankers
- Non-Financial Persons heading the Finance & Admin department
- Accountants / Accounts Executives
- Sales administration / export sales personnel
- Shipping personnel
- Everyone who has a need to understand Service Tax documentations
- Personnel who require further knowledge to assist their managers, prepare management reports and liaise
   with other departments

METHODOLOGY
Lectures, Group Discussion & Workshop Activities

Course Outline
1. Introduction to Royal Malaysian Customs (RMC)
- Department Under Ministry if Finance
- Federal Government Budget 2014
- Objective and Function of RMC

2. Taxation System – Indirect Tax
- Customs Duty – Import & Export Duties
- Sales Tax, Service Tax & Excise Duty
- Levy on Goods Vehicles

3. GST
- Objectives
- Rationale for Implementing GST
- Effects of WTO and AFTA on Government Revenue
- Imbalance between DTR and ITR


4. Concept of GST
- value added multi-level consumption tax
- Concept of business
- meaning of supply

5. Imposition and Scope of GST
- Duty to impose GST
- Rate of Tax
- Out of scope/designated areas

6. Concept of Supply
- Time of Supply
- Place of Supply
- Types of Supply
- Standard Rated Supply
- Zero Rated Supply
- Exempt Supply
- Value of Supply
- Out of Scope Supply

7. Registration
- Determination of thresholds for registration and methods
- Compulsory registration
- Voluntary registration
- Group and branch /division registration
- Exemption from registration

8. Accounting for GST
- Invoiced based system – tax invoice
- Accounting Records
- Taxable periods
- Submission of GST Returns and payment of tax
- Input Tax Credit
- Credit/Debit Notes
- Penalties for late submission of return/payment of tax
- Audit and assessment based system

9. Relief, Exemption, Refund and Remission
- Power of MOF to grant relief, exemption, refund ..etc..
- Relief for bad debts
- Relief for second good hand goods

10. Special Cases
- Agents
- Joint-Ventures relating to oil and gas industry
- Warehousing System
- Approved Trader Scheme
- Approved Toll Manufacturer
- Flat Rate …etc..

11. GST treatment of specific sectors
- Education, Health, Finance, Agriculture …etc

12. Goods and Service Tax Rulings

13. Reviews and Appeals
- Appeal to Director General of GST
- Appeals to GST Tribunal
- Appeals to MOF

14. Transitional Provisions and Treatment of Issues
- Sales/service tax license and last returns
- Sales tax on balance inventory
- Periodic or Progressive supplies
- Rights granted for life …etc..

15. Enforcement, offences and Penalties
- Recovery of tax
- Criminal and Civil liabilities
- Offences and penalties

16. Interactive Session


TRAINER PROFILE
Mr. Perumal
Perumal Munusamy PMP,AMN,PJK. B.Econs, LL.B, CMILT (UK), Dip.System Analysis
Mr.Perumal is a retired Deputy State Director of Customs, Selangor. Currently, he is a Customs Consultant and Lecturer for CILT programmes and other logistics institutions. He joined Royal Malaysian Customs in 1973 as a superintendant and worked at various divisions of the Department and held various positions. During the tenure of Service, he acquired experiences from the following Divisions:
• Customs Division (Import & Export)
• Internal Tax Division (Sales Tax, Service Tax & Excise Duties)
• Preventive Division (State preventive & Special Squad HQ)
• Customs Computer Division.
Perumal worked at various places such as Subang Airport, Johore Customs, Ipoh Inland Station, Customs HQ and Port Klang Customs. At Port Klang he headed the Import, Free Zone Division and Internal Tax division and then finally retired as Deputy State Director of Customs, Selangor.
He had attended several seminars, courses and workshops pertaining to Customs matters at Thailand, Singapore, Hong Kong, Taiwan, Japan, Korea, Brussels, Switzerland, England and also at Canada. He was also responsible for the successful implementation of Customs


For Complete Course details visit: http://www.votstech.com
Contacts us at 019-624 2180 / 03 – 3343 2180 for telephone discussion or appointment or drop us emails at vots.tech@gmail.com
______________________________________

Rush for earlybird discount!
Our Special Package for Clients Attending Our Public Courses
Our services cover:
1. Public Courses in KL, Selangor, JB & Penang
2. Inhouse / Tailor made program can be designed for participants within same organization.
3. 1 to 1 or 1 to Group Coaching Session
4. Management Meeting or Convention Program
5. Teambuilding – Various Group & Level


Contact our: Customer Service Representatives Ravi, Azrol, Irene for Registration
Vellant Operation Technological Consultant (VOTS)
Tel: 03-3343 2180 & 019- 624 2180 – Kuala Lumpur & Selangor
Fax : 03-3341 9180
Email : vots.tech@gmail.com

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