SST 3: SST Compliance Audit Framework, Risk Areas & Exemption Reports Preparation

About Course

SST was implemented on 1^st September 2018 and your business should have submitted a few SST returns to customs. The SST impact on businesses can be major if you are not well prepared to ensure your business activities are SST compliant. Businesses should start reviewing their return because SST is a transaction base and self- compliance tax system and heavy penalty imposed upon failure to comply with the rules and regulation.

Lately, even for businesses who are NOT registered with SST, you may also need to comply with the rules and regulations, e.g. vendor (agent) who purchase materials on behalf of a registered manufacturer will need to apply for Schedule C item 3 from customs in order to get exemptions from sales tax. Furthermore, customs will carry out SST audit in near future to ensure good compliance by the SST registrants.

Brochure

— Course Fee: RM 1,080.00 (Inclusive of 8% Service Tax) —

Understand the legislation of sales tax and service tax
Understand the types of SST audit
Know the SST compliance audit framework
Know how audit will be carry out and what are the supporting documents required
Auditee’s rights and responsibilities during the audit
Round Table Discussion (RTD), the do and don’t,
Hot areas which will be audited for sales tax
Understand other types of SST audit
Know the SST appeal process
Identified audit issues which may affect your business as a SST registrant
Remedy actions after SST audit
Understand the practical SST issues faced by industries
Take note of the various reports need to submit to customs

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