SST was implemented on 1st September 2018 and your business may have applied for many SST exemptions and returns to customs. The SST impact on businesses can be major if you are not well prepared (even you may not be a sales tax registrant) to ensure your business activities are SST compliant. Businesses should start reviewing their exemption applied because SST is a transaction base and self- compliance tax system and heavy penalty imposed upon failure to comply with the rules and regulation
Brochure
— Course Fee: RM 1,080.00 (Inclusive of 8% Service Tax) —
SST major updates during the MCO to RMCO period are as follows:
– Service tax policy No. 9 (amendment 1)
– Service tax policy No.10
– Guide on digital services by foreign service provider
– Exemption of sales tax and duty, e.g. face masks, personal protective equipment – PPE and hand sanitizers
– Amendment of Schedule A item 16 and 17
- Module 1.1: Sales Tax 2018 (Single stage tax)
– Scope of sales tax on manufacturing industry
– Usage of Schedule C item 1 or 2, ring system application process and detailed information required
– Additional application procedure for non-registered person being
– A vendor between 2 registered manufacturer
– A vendor to import goods from overseas
– Schedule C item 3 or 4
– Complication of subcontract works for another registered manufacturer
– e.g. exempted goods sent to registered subcontractor for galvanizing works are not required to charge sales tax - Module 1.2: Exemptions
– Sales tax exemptions available for:- Goods, Original order, Persons
– Schedule A: detailed analysis on goods exempted and conditions imposed
– Tariff codes confirmation procedures and application of customs ruling
– Exemptions available for non-registered manufacturer
– MySST portal to apply for exemptions
– Introduction to reports to be prepared for exemptions (Schedule A, B & C)
– Cancellation of item applied under Schedule B and C
– Cancellation of Schedule B and C exemption applied
– Declaration for breach of compliance by using Form SST-ADM.
– Will customs go after seller or buyer in the event the exemption given did not comply with conditions given
– Case study for non-compliance, i.e. exportation of goods
- Module 1.3: Sales tax refund/ drawback
– Under section 40 of Sales tax Act and sales tax regulation 17
– To what extent the registered manufacturers should ensure the exemption given to exporter are genuine?
– Q & A Session