GST - High Level Overview

Consumer

Pay 0% GST

For UK supplier provide

service, charge us RM10K

+ (no GST) = RM10,000

-> we account output tax

RM600 and at the same time

we account input tax

For Local supplier provide

service, charge us RM10K

+GST 6% = RM10,600

-> we claim input tax.

Simplified tax invoice - if name and address of recipient

is not stated in the tax invoice :

Maximum amount allow to claim is RM500 or GST

amount is RM30.00 (i.e. GST 6% x RM500.00)

For more than RM500, no able to claim input GST tax

Special tax rate

C No 1 Declaration of imported goods

C 9 Permit to release dutiable goods

Registered GST Number

Applicable ONLY for Supplier

Invoice to PAPRDMY

NOT ALLOWED

[Blocked Input Tax]

INPUT TAX

(1) Tax Exempt Items - no Input

GST Tax & (2) Medical

Equipment - Input GST Tax

Those Company Car For Japanese/Expatriate to

drive are classified under Blocked Input Tax

RM500 rule is not applied.

If the deemed supply value

is RM100, we have to account

for GST 6% i.e. RM6

For GST suspended, we just declare the amount on the

reporting (there is field for it) outside.

This declare cannot be used to offset Output Tax.

Tax Return Form GST - 03

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Tax Return Form GST - 03

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Tax Return Form GST - 03

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GST - 03

Exempt Supplies

But

Thus,

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