Description
UNDERSTANDING SALES AND SERVICE TAX (SST)
Duration: 1 Day
Time: 9:00am to 5:00pm
Lunch Break: 1:00pm to 2:00pm
INTRODUCTION
Year 2018 is one of the most historical year in Malaysia. The nation for the first time, change the government after 61 years of independence. Malaysia is one of the last few nations that moved to GST but is the First nation to come out of GST. With the new administration, GST is now replaced with Sales and Service Tax (SST). Join us for this one day training to understand the Sales and Service Tax as well as get the latest update on these two taxes
COURSE OBJECTIVES
Participants will gain a thorough understanding of the fundamentals, regulations, and implementation of Sales and Service tax (SST) involved in their businesses.
COURSE OUTCOME
At the end of this training participants will be able to:
- Understand the Sales and Service Tax Act and its related Regulations and Orders
- Acquire the skills and knowledge of the SST legislations and improve Efficiency and Productivity
- Obtain an understanding of the Act and help to save money and planning
- Update the latest changes to the legislation of SST
KEY CONTENTS
Module 1: Introduction
- Taxation in Malaysia
- How Acts (Laws) are created in Malaysia
- Why GST
- Why SST
- Transition from GST 6% to 0% and then to SST
Module 2: GST era
- Tax rate 6% to 0%
- GST Audit
- GAF analysis
Module 3: SST 2.0
- What is SST
- How is SST work
- Threshold and Rate
Module 4: Sales Tax
- Sale Tax Act 2018 and its related rules and regulations
- Sales Tax mechanism
- Test for Sales Tax
- Definition of Manufacturing and taxable person
- Registration
- Invoicing
- Submission of return, payment and late payment penalty
- Sales Tax (Rate of Tax) Order 2022
- Treatment for Designated Areas and Special Areas
- Facilities available in Sales Tax Act
- Tax Credit System
- Sales Tax Policy
Module 5: Service Tax
- Service Tax mechanism
- Tax Rate and Taxable Services
- Registration
- Invoicing
- Submission of return, payment and late payment penalty
- Facilities under Service Tax
- Treatment for Designated Areas and Special Areas
- Grouping of Services – Service Tax Regulations
- Exemption of Service Tax
- Digital Service Tax
- Group Relief
- Service Tax Policy
Module 6: Price Control and Anti Profiteering Act
Module 7: Latest Update of Sales Tax and Service Tax
- Assessment Dispute
- Draw back, Refund and Remission
- Public Ruling
- Latest development of the SST
TARGET AUDIENCE
Sales and Marketing, Technical & Engineering, Human Resources, Finance and Accounting Staff, Purchasing & Procurement, Warehouse & Logistics, General Manager, Directors, anyone who is interested to know about SST
METHODOLOGY
Group discussion and presentation
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