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Questions and Answers from training

Questions and Answers from training on Mar 30, 2016

Thank you for your participation for the training held on March 30, 2016.

The following is the question and answer summary for the training on March 30, 2016 (Phileo Damansara 1).

  1. Redemption of tinting voucher by car buyer which is a complimentary from car dealer. Since this is a long story, please read the attached PDF for the GST Accounting entries.
  2. Trade-In - I wish to re-draft the GST accounting entries for the trade-in. The trade-in consists of the records from both retailer and customer. If the customer is not GST registrant, then retailer is only account for output tax. If the customer is the GST registrant, then both must account for output tax. GST registrant customer whose dispose of business asset is a standard rated supply and therefore required to issue tax invoice. Please read further in the attached document. 
Attachments:
Download this file (QA-Mar302016.pdf)Question & Answer - Mar 30, 2016[Q&A]330 kB

SWPC Contact

Mr. Stanley Wong Kah Leong

Suite 11 Block E111 Phileo Damansara 1
No 9 Jalan 16/11 Off Jalan Damansara
46350 Petaling Jaya, Selangor, Malaysia, MYS

Tel: +6012-9819390; +6012-6981938 

URL: https://www.swpc.com.my

Email: admin at swpc.com.my

GST System Changes