From 26 February 2024 onwards, the government has expanded the scope of service tax for few industries like logistics, repair or maintenance, brokerage and underwriting services and Karaoke Centre.
Logistics, repair or maintenance services may impact the business more if compared to the rest.
Example of logistics services are shipping, freight forwarding, warehouse management and others.
- Whereas, freight forwarding services will includes the following:
(i) Customs Clearance;
(ii) haulage Handling;
(iii) Import and export documentation;
(iv) Transport or shipping Insurance;
(v) Packaging (for transportation purposes);
(vi) Stock management;
(vii) Transportation;
(viii) Warehousing; and,
(ix) Others.
Businesses who providing the above services and exceeded the threshold need to register and start to collect SST soonest possible.
Brochure
— Course Fee: RM 1,080.00 (Inclusive of 8% Service Tax) —
Module 1.1: Service Tax (ST) Legislation
Introduction to SST legislation 2018
- Scope of Service Tax
- Taxable person’s threshold
- List of prescribed taxable services
Module 1.2: Changes in Service Tax Act, Finance Act (Budget), Service Tax Regulations, Service Tax Orders
- Major changes since the year 2018 until the year 2024
Module 1.3: Service tax policy
- Widen on existing service tax scope
- Additional prescribed taxable services
- Industries which will need to be registered by 1 March 2024
Module 1.4: Highlight on new logistic industry guide, year 2024
Module 1.5: Highlight on new repair or maintenance guide, year 2024
Module 1.6: Group Relief
- Imported services
- Group exemptions
Module 1.7: Common mistakes and other matters
- Payment basis
- Claiming for bad debts
- Claiming of ST exemptions
- Customs ruling to confirm the scope of service
- Appeal process
Module 1.8: E-Invoice concerns for logistics, maintenance or repair services
- QNA