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MALAYSIAN GST MECHANISM, ITS IMPACT ON BUSINESS AND GST PLANNING
Date:
Time:
Venue:
30 January 2015 (Friday)
9.00am-5.00pm
CIMA SE Asia office (8 MIA CPE hours)
SBL claimable, subject to approval.
MODULE 4: INPUT TAX CREDIT CLAIMS
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MODULE 1: FUNDAMENTAL AND SCOPE OF GST
MODULE 5: TRANSITION RULES
 Mechanism and imposition of GST
 GST Input and Output Tax
 Taxable person and threshold determinations
MODULE 2: REGISTRATION
 Mandatory and Voluntarily registration
 Timing of Registrations
 Registration for:
 Sole proprietors, and Limited Liability Companies
 Group, partnership.
 Single Taxable person registration for two or more business
entities
 Pre-operating period and new project start up registration
 Registration Cancellation
 Responsibilities of a Registered Person.
MODULE 3: SUPPLIES AND ACCOUNT FOR OUTPUT TAX
 Type of supply, Rates: (standard & zero rated
exempt and out of scope supplies, disregarded
supplies where GST is suspended, flat rated)
 Deemed Supplies and Gift Rules
 Employees Benefits
 Place, Time, Value of supply
 Basic Tax Point, Actual Tax Point and the 21 days
rule.
 Supply for goods on consignment and awaiting for
for sales
Allowable input tax to claim
Residual input tax.
Blocked input tax
The Di Minimis Rule for Residual Input Tax Credit claims.
Input Tax for Incidental Exempt Supplies
Refund and repayments
Claims in pre, post, late and de-registration and preincorporation stages
supplies,
supplies,
invoicing
approval
DR TAN KOK TEE
Dr Tan, an associate trainer with Compass Mind Asia, was a Fellow member of
the Association of International Accountants (FAIA), UK and has a MBA Finance from Charles Stuart University, Australia and a Gold Mastery Holder in
Reinventing Strategic Planning and Management – The System Thinking
Approach from Haines Centre from Strategic Management, USA sponsor by
University of San Diego, USA. He is also a Certified Trainer with PMSB’s TrainThe-Trainer Certificate, a life member with Malaysian Institute of Directors.
Dr. Tan has got about 40 years of working experience at Financial, Strategic
and General Management level. He has worked and been involved in numerous
industries, including manufacturing, marketing and distribution, casino and
services including Parking Operations. He has held a variety of leadership and
senior management roles in various organizations, the last being Group Chief
Executive Officer, Other positions in the past included Chief Financial Officer,
Group Assets Management Manager, Business Process Management
REGISTRATION FEES
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Effect of Sales Tax and Service Tax after repeal.
Special Refund
Effect of long term non-reviewable contracts
Supplies span before and after GST implementation
Progressive, Periodic supplies and Supplies for Life Time
Special Rules on Construction
MODULE 6: ACCOUNTING
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Tax Invoices
Content of a full tax invoices
Accounting treatment of deem supplies
Debit and credit notes
Record Keeping – Electronic, Manual and from Manual to
Electronic and Taxable period
Self-Recipient Accounting (SRA) – imported services
GST returns and Tax payment – monthly, quarterly.
Foreign currencies conversion
Accrual/Invoicing Vs. Cash/Payment concept of
Accounting for GST
Bad Debt Treatment
Financial Year / Tax year
Accounting Software and GST Audit File requirements
Recommended Tax codes for input and output tax
MODULE 7: MOVING FORWARD
 What should you do from now?
Consultant, General Manager
and Senior General Manager in numerous companies along the way of his
career in multinationals, local public listed companies as well as entrepreneur
managed organizations.
Dr. Tan has facilitated and conducted various training workshops since 2009 for
both in house as well as public including from Malaysian Institute of
Accountants and Chinese Chamber of Commerce. He has also developed an
Entrepreneurship program specifically for MBA students from GC University,
Pakistan (one of the oldest University in Pakistan) in collaboration with Sunway
Education Group and is now running into its 5th year. He was also an assessor
for the UTAR’s NGO strategic planning program and an inviting speaker for the
Asian Financial Controller’s congress in 2009, 2010 & 2011.
Dr. Tan has also completed a 10 days program conducted by the Royal Custom
of Malaysia for GST Consultants.
Registration fee
CIMA students/members RM250 *(Total fee: RM500, 250 credit points will be deducted from your CIMA
Student card/CGMA card)
Non members RM600
* Credits will
be deducted from your card automatically. Actual fee applies if you have insufficient
credits in your card
Registration starts at 8.30am
Fee is inclusive of course materials, tea breaks and lunch.
Payment details: cheque payable to CIMA SE Asia Sdn Bhd
Register your seat with us by 20 January 2015, subject to availability of seats.
Kindly remember to bring your CGMA card / CIMA Student card.
REGISTRATION ENQUIRIES
Please forward all enquiries and registrations to:
Ms Jenny Teoh
T. 03 77 230 256
F. 03 77 230 231
E. [email protected]
CIMA SE Asia Sdn Bhd
Lot 1.05, Level 1, KPMG Tower
8 First Avenue, Bandar Utama
47800 Petaling Jaya
Selangor Darul Ehsan