To ensure you GST : INTERMEDIATE Peace of mind for Goods and Services Tax - Registration and compliance 20 November 2014 ( 9 – 7 PM ) | DR CHOONG KWAI FATT | THE GARDENS HOTEL & RESIDENCES, KUALA LUMPUR www.synergytas.com/gstkls4 HRDF Claimable (Subject to employer’s application to PSMB) 10 CPD GST is Malaysia’s new tax system which affects all walks of life, it will change the way we do business, purchasing policies and record keeping be it a small or multinational companies. Synergy TAS Bringing you the best seminars in town... THIS COURSE COVERS CORE AREA OF GST, IT IS APPLICABLE TO ALL INDUSTRY.
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
To ensure you
GST :
INTERMEDIATE Peace of mind for Goods and Services Tax
- Registration and compliance
20 November 2014 ( 9 – 7 PM ) |
DR CHOONG KWAI FATT |
THE GARDENS HOTEL & RESIDENCES,
KUALA LUMPUR
www.synergytas.com/gstkls4
HRDF Claimable (Subject to employer’s application to PSMB)
10 CPD
GST is Malaysia’s new tax system which affects
all walks of life, it will change the way we do
business, purchasing policies and record
keeping be it a small or multinational
companies.
Synergy TAS Bringing you the best seminars in town...
Intermediate, the GST course created exclusively for
commercial companies, regardless of which industry
you are from.
Our mission is to help you expedite the learning curve.
The solutions to problem which will eat into the
already limited time left for GST implementation
which at this point you may not even know it exist.
Whether you are new to GST or have attended the 10
days GST course conducted by Royal Malaysian
Customs (RMC). We are here to enable your business
to be turned into an even more profitable one by
incorporating the missing key ingredient to GST
implementation.
Best wishes,
Synergy TAS
To ensure participants derived maximum
benefit during each GST Intermediate
seminar, we alter the content according to
burning questions submitted and the industry
our participant is coming from.
3
Well researched content to
shorten your learning curve
Provide step by step approach to ease GST Implementation
An examination of answer to tough yet practical questions
by business operators
Guide to selection of GST software
Guide to avoid pitfall in GST implementation
Identify potential technical errors in GST implementation
SEMINAR’S
OBJECTIVE
4 Objective
6 What is the seminar about
8 Why this seminar is special
9 Who is it for
10 About speaker
12 Program timeline
15 Pricing
16 How to enrol
18 Contact us
Table Of Content
5
GST IS COMING FOR REAL
Since the announcement of GST to be implemented with effect from 1 April 2015 and the gazetting of GST Act 2014, GST seems to be a nightmare haunting for some businesses and also the driving force for GST implementation especially on business entrepreneur, corporate directors,
and also those involve in administrative matters, not forgetting the accountants with the increased workloads and GST risks.
GST
6
“ The "time bomb" is
ticking and requires
business operator and
decision maker to act
immediately to guard
against easily avoided tax
risk and loss out on tax
planning opportunities. “
Ease your transition into the new tax era of Goods and Services Tax.
Malaysian taxation will never be the same. It does not only change the
tax law, it will also change the way we do business, record keeping and
documentation
GST
7
∞
This is not your ordinary GST seminar_ We focus on “how-to” implement GST
GST is growing on a
continuous and progressive
manner, with new guides
and ruling being introduced
by Royal Malaysian
Customs (RMC),
the content listed is
not exhaustive,
it will be further expanded.
GST intermediate’s comprehensive content, with the objective to get you ready for GST implementation. As
oppose to the conventional “knowledge” based seminar which provide the answer to “what is” GST, this event is
design to provide the highly sought depth and answer to tough implementation issues.
NOT THE ORDINARY WHAT IS GST SEMINAR.
When you look at the content below, please see them from the perspective of “how to” implement GST.
Module 1 :Foundation to GST [question of Supply]
(a) The technical concern of GST being a consumption tax
(b) The implication of supply, mix supply and deemed supply
(c) Valuation concept on supply
(d) Rate of GST : standard rate, zero rated and exempt
Module 2 : Invoicing & output tax
(e) Designing tax invoice to capture GST output and
other invoice’s features
(f) Advanced aspect to GST treatment on goods returned,
treatment of stock written off
8
Module 5 : Registration & GST
Compliances (GST returns and
payments)
(l) Whether to obtain GST
registration with RMC office
and obtain a voluntary
registration
(m) Go or not to go for group
registration
(n) GST Compliance matters
Module 6 :Contentious issues
(o) The scope and meaning of a
“good accounting system” as
required by Royal Malaysian
Customs
(p) Technical errors possible to
be accounted with GST
implementation
(p) Various contentious issues
submitted as burning question
(HOT!!!) – This is our favorite part
of the event, where practical and
Module 3 : Computation of
Input tax credit
(g) Identifying purchases and
overhead expenses (with
GST paid), that can qualify
for input tax refund/credit
to be deducted from GST
output
(h) Question of gift and
promotional expenses
(l) Incentive scheme of
manufacturers
Module 4:Transitional issues
(j) Treatment of bad debts
(k) Transition from existing
indirect tax into GST
The workshop
also includes
GST administration on:
(a) How to carry out GST returns, book recording, and
payment of GST
(b) Claiming a refund on GST paid on input
(c) Group registration for GST
As more implementation matter is announced by RMC, the content will be updated.
Knowledge is important; Implementation plan is also the main focus for this seminar.
9
Who is it
for_
GST Compliance Officer
(Personnel involved in
implementing GST) The one who is given the honours and duty to figure out how to implement GST in your organisation. (applicable to all industry).
Decision Makers (CEO, CFO, General Manager and Financial Controller) Major changes and substantial decision making has to be made to embed GST into company’s activities and affect substantial buying , selling and conclusion of contracts.
Administrative managers You are the one who will oversee the purchase and distribution of goods in your company. It is the right time to learn up on the implementation of GST. How your action need to be refined to embed GST system into your operation.
Professionals (auditor, tax agents and company secretary) The advisors to businesses please gear up and patch up your dose of GST knowledge and implementation action plan. Auditor has a substantial role to play during transitional period.
Accountants Applying a new MFRS is tough enough, what more a whole new GST system which is transactional based and cut across all transactions in your entity. The record keeping and recording of historical transaction has a new role to play, it is paramount important for you to understand all the ins and outs of GST implementation. How it will affect your documentation from now onwards and all the compliance requirements and thresholds table involved. There are ample work to prepare before the shift.
IT personnel For those involved in designing software that
is to be used in GST implementation.
Implementation of GST is transactional based. The aid of accounting software with GST’s features has never been so crucial for taxation until now
THIS SEMINAR COVERS CORE AREA OF LEARNING FOR GST,
IT IS APPLICABLE TO ALL INDUSTRIES. * APPLICABLE EVEN TO THOSE WHO HAVE NO BASIC KNOWLEDGE ABOUT GST.
BUT UNDERSTANDING OF DOUBLE ENTRY IS RECOMMENDED.
10
About Speaker_
Get to know more about your wonderful speaker
DR CHOONG KWAI FATT is the pioneer in GST. He is appointed by the Ministry of Finance as one of the panel members reviewing tax reforms in Malaysia, inclusive of the formulation of GST. With his research work on GST being published in 2006 and articles in 2007.
He has more than 24 years’ experience of providing consultancy services to listed companies, audit firms and the Government. Dr Choong is a highly sought GST & tax consultant and speaker. He is highly qualified with both professional accounting qualification and legal qualification. With chartered accountancy from 6 professional bodies and called to bar as an Advocate and Solicitor in Malaysia. Also an avid researcher equipped with a PhD in taxation.
He has won various awards for excellent in tax research and published GST & taxation articles in reputable
journals in and outside Malaysia. His research works have been quoted in many tax cases and have
influenced the formulation of tax policy in Malaysia.
He is known by attendee of his seminar as a man with heart of gold. He is passionate about helping the tax
professionals, accountants, senior executive, lawyers and business owners to enhance in taxation skills,
knowledge and wealth through mitigating of GST risk and implementation. Having more than 20 years of
experience in public speaking, participants love him for this passion in taxation and ability to make complex
tax concept understandable by different walks of life.
He is the expert of experts in terms of GST & tax planning, where he provided advice and personally trained
corporate accountants and professional firms on tax planning and GST implementation. Get ready to take
good notes when you attend his GST implementation seminars. DR CHOONG KWAI FATT
Tax Consultant, Advocate and Solicitor (High Court of Malaya)