GST System Changes Newsletter

Enter 8, Name and Email

SWPC Latest Events

Wed Dec 11 @09:00 - 05:00PM
SST 2.0 and Budget 2020 Indirect Tax Updates
Fri Dec 13 @10:00 - 05:00PM
易经六十四卦 – 决策者之必备 (吉隆坡站)
Mon Dec 16 @09:30 - 05:30PM
Mastering Data Analysis Tools Using Microsoft Excel

Questions and Answers from training

Questions and Answers from training on Mar 3, 2016

The following is the question and answer summary for the training on March 3, 2016 (Penang). Please read the PDF document for detail explanation

  1. Is workmanship on jewelry subject to customer in Dubai? Yes. It is a service
  2. How do I amend calculated field in Excel Pivot Table? Use the dropdown
  3. Passenger car insurance in personal name for sole proprietor GST registrant is allowable for input tax credit? Unlikely to happen. If he is a sole proprietor, he shall have a business name to carry out a business.
  4. Scrap material sends back to vendor without consideration - It shall account for GST using open market value mechanism. Scrap is a form of goods
  5. Fomema - medical expenses incurred by foreign workers - Regulations 36 mentioned that all medical expenses are block. Foreign workers also incur medical expenses
  6. Medical expenses recoverable from third party is treated as reimbursement that is subject to GST @ standard rate
  7. Inter-departmental cross charges are cost allocation journal reclassification. It is not consumption and it is impossible to issue tax invoice within the same GST entity.
Download this file (QA-Mar032016.pdf)Question & Answer - Mar 3, 2016[Q&A]260 kB

SWPC Rapid Contact

Please contact us if you have queries
How many eyes has a typical person?

GST System Changes