SST IMPLEMENTATION (for Service Industry)

Denny HaRTANTO

1-day workshop

INTRODUCTION

With effect from 1/6/2018, Minister Order on the rate of GST of 6% has been changed to 0%. The zero-rated order and various order have been repealed at the same time for paving the way for the re-introduction of Sales Tax and Service Tax. (SST).

This training seminar is therefore to help GST registered and NON-GST registered persons (as the threshold for SST registration is lower) to prepare and assist them in their management during this migration transition period and planning for their eventual migration from the current GST mechanism to that of the SST mechanism, with ease. 

Course Objectives                                                                                                                                   
By the end of this course you will be able to:

  1. What is the difference between GST & SST?

  2. What does this mean for my business?

  3. What can I do?

  4. Highlight the SST IMPLEMENTATION process

  5. Preparing and addressing critical transition issues for businesses

METHODOLOGY
Group Discussion. Real-current GST & SST issues will be analyzed and scenario solutions will be discussed within the workshop.

WHO SHOULD ATTEND

Entrepreneurs, Bankers, Accountants, CFO, CEO, Business Managers, Finance Managers, Supervisors, and Managers

Special Feature: NOTE: Please bring laptop along

PROGRAMME OUTLINE

Day 1

Module 1: What is the difference between GST & SST?

  • Taxable Rate

  • Taxable period

  • Supply chain

  • Cash vs accrual system

  • Input tax

Module 2: SERVICE TAX – Overview 

  • Proposed Legislation 

  • Scope and charge 

  • Service tax mechanism

Module 3: SERVICE TAX – Taxable person & goods

  • Taxable person 

  • Taxable goods 

  • Rate

  • Taxable services

Module 4: SERVICE TAX – Registration, Returns & payment 

  • Registration 

  • Returns / Payment 

  • Contra System Facility

Module 5: SERVICE TAX – Special rules & Accounting 

  • Special rules for specific areas

  • Accounting

  • Miscellaneous

Module 6: Discussion on Service TAX  2018

  • Service Tax

  • Registration for Service Tax

  • Invoicing, Return and Payment

  • Transitional Issue

Module 7: Key differences between the previous Sales Tax Act 1972 & Service Tax Act 1975, with the Sales Tax Model 2018

  • Legislation

  • Registration Requirements

  • Determination of Turnover

  • SST Return

  • Late payment

  • Exemption and Facilities

  • Accounting

  • Designated Areas

Module 8: BUSINESS PREPARATION

  • Is SST would be applicable to my organization?

  • Price adjustments to be done

  • How about on-going contracts with vendors and customers?

  • How about new Contracts to be signed?

  • Advance billings & prepayments

  • Final GST Returns

  • Final GST Audits

  • Managing Income , costing & profitability

Managing P&L & SST Implementation

SST Implementation - 2 Days
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