2 days 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 The zero-rated order and various order have been repealed at the same time for paving the way for the re-introduction of Sales Tax and Service Tax.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:
What is the difference between GST & SST?
Service Tax Treatment For Customs Agent Services
What does this mean for my business?
What can I do?
Highlight the SST IMPLEMENTATION process
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 Treatment For Customs Agent Services
What is taxable services & not taxable service
Preparing or amending customs declaration
Presenting goods for customs declaration
Module 3: SALES TAX -Overview
Proposed Legislation
Scope and Charge
Sales Tax Mechanism
Interpretation of Manufacture
Module 4: SALES TAX – Administrative & Rates
Taxable Person
Taxable Goods
Rate of Tax
Module 5: SALES TAX – Valuation, Returns & Payment
Sales Tax Valuation
Taxable Service
Registration
Returns / Payment
Module 6: SALES TAX – Exemption, facilities & Accounting
Exemption & Facilities
Special Rules
Accounting
Miscellaneous
Module 7: Discussion on Sales TAX 2018
Sales Tax
Registration for Sales Tax
Invoicing, Return and Payment
Transitional Issues
Day 2
Module 8 : SERVICE TAX – Overview
Proposed Legislation
Scope and charge
Service tax mechanism
Module 9: SERVICE TAX – Taxable person & goods
Taxable person
Taxable goods
Rate
Taxable services
Module 10: SERVICE TAX – Registration, Returns & payment
Registration
Returns / Payment
Contra System Facility
Module 11: SERVICE TAX – Special rules & Accounting
Special rules for specific areas
Accounting
Miscellaneous
Module 12: 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