A simple & easy guide for u to UNDERSTAND GST...
An
UNCLE’s GUIDEto ..
Oooo p what s, is GST?
6%
GST The Goods
&Services Tax laid bare Choong Kwai Fatt, PhD
The law is stated as at 1.2.2014
Preface
Events Photos Abbreviations Chapter
1
Concept of GST
2
Consumer
3
Trading
4
Manufacturing
5
GST Administration i ii iii iv v vi vii viii
GST Registration Tax Invoice Taxable Period Submission of Return Payment Penalty Record Keeping GST Cycle and Operation
6
GST Audit
7
GST Appeal
Appendix I II III IV V
List of Forms GST Rate in Other Countries List of Zero-rated Supply List of Exempt Supply GST Websites
. . An Uncle’s Guide to GST The Goods & Services Tax laid bare
The Goods and Services Tax (GST) will take effect in Malaysia from 1 April 2015. Understanding this tax will help consumers better manage their household expenses; and business operators their cash flow and business costs in order to remain competitive. An Uncle’s Guide to GST explains the concepts and mechanism of the GST and unlocks the complexity and technicalities of Malaysia GST’s model. It is written for the easy comprehension of the man in the street, covering 7 sections – √ √ √ √
Concept of GST Consumer Trading Manufacturing
√ GST Administration √ GST Audit √ GST Appeal
and including many helpful illustrations. Besides enlightening consumers, this guide will help businesses "embed" the GST into their system so that their business will continue to operate effectively and efficiently on 1 April 2015 when the GST is implemented. The coverage on the subject is comprehensive and easy to grasp. GST will have a great impact on our life as it is charged on consumption. A wise and careful selection on what is to be consumed is the key to maintaining a good standard or quality of life. Consumers should study their consumption pattern and strike a balance between buying what is needed and what is dispensable. This Uncle’s Guide to GST is an indispensable manual for both consumers and business operators as it clarifies the many wrong concepts and confusion surrounding the GST and its implementation. Price : RM40.00 ISBN 978-983-9526-73-8
InfoWorld
9 789839 526738