Description
As the Malaysian Goods and Services Tax (GST) takes effect from 1 April 2015, service providers, like all other businesses, are faced with the challenge of facilitating a smooth implementation of the Malaysian GST model.
An Uncle's Guide to GST for Service Providers helps to clarify important GST concepts that are of particular relevance to service providers such as those in the advertising, health care, repair and maintenance, cleaning, logistics, tuition centres and a host of other types of servicing businesses.
Various contentious issues relating to the time of supply, deposit collection, registration, scope of charge, place of supply, type of supply, input tax deduction, tax invoice format, GST return submission, penalties and offences, bad debts, import services, outstanding payments and many other points are carefully addressed and elucidated.
GST is a broad base tax affecting every business transaction and requiring a good understanding of the input and output tax mechanism. Service providers and businesses would need the assistance of the GST specialist to help them comprehend and implement the new system.
This book explains the various GST concepts in an easy to grasp manner with many helpful illustrations and practical examples. Legal principles are made clear and pragmatic business solutions are offered in ambiguous areas.
This guide is a handy, welcoming and indispensable reference for all service providers, business entrepreneurs, tax accountants, GST specialists, finance personnel, company directors and anyone involved directly or indirectly with GST.
The law is stated as at 8.3.2015.
ISBN:9789839526790
