GST Closure, GST Final Audit and Anti-Profiteering Regulation

1 3 December 2018, am to , Holiday Villa Hotel, Subang Jaya Malaysian Export Academy (An ISO 9001:2008 Certified Training Provider). Presents GST Closure, GST Final Audit and Anti-Profiteering Regulation Compliance (including SST 2018 Framework incorporating updates in 2019 Budget for Implementation) Certificate of attendance will be awarded for those who complete the course INTRODUCTION COURSE OUTLINE. With the repeal of the GST Act 2014 and the introduction of the Module 1: GST Repeal Act 2018 compliance. Sales Tax Act and the Service Tax Act 2018, to replace the GST a) Taxable person status with effect from 1/9/2018, all GST registered person are b) Key provisions of the GSTA 2014, SST Act 1972. required to file their Final return not later than 120 days from and 1975 retained. this date. Audit for closure of the GST Era will be carried out by the Customs with the help and/or by private auditors.

2 C) Filing of returns. It was also reported in the press on 16/10/18 that other Module 2: GST Transition Rules from 6% through to SST. measures that could take to increase the federal government's a) Input and Output tax treatment for: revenue include continuous audits and investigations by the i. GST treatment for spanning supplies from 6% through Inland Revenue Board and the Royal Malaysian Customs to SST. Department to raise tax compliance, while reducing the tax gap. ii. Retention Monies Hence full compliance of your GST and SST tax payment couldn't iii. May 18's Suppliers bill not paid at the expiry of 6 months. be more essential than now. This training seminar is therefore to iv. Bad Debt Relief and Bad Debt recovered equip all GST and SST registrants on their compliance to reduce v. Deemed supplies under the Schedule I or the GST Act 2014. the tax gap as required under the legislations in comparison compliance.

3 With your actual implementation. vi. Imported Services vii. CGA and Longer Period Adjustment for mixed suppliers viii. CN issued to customers on normal business transactions OBJECTIVE and change of rate transactions. ix. Suppliers' bill. CN and DN received late. Reduced if not eliminate the GST and SST tax x. Time of supply rules and its correction of non-compliance. compliance gap between your implementation and the requirements of the legislations. Take benefits given in the SST Legislations Module 3: GST Final Audit a) Its Purpose and Scope of coverage. b) Key areas to look at. COURSE METHODOLOGY c) Process of the Audit . d) Risk Areas to avoid. Power Points Presentation, discussions and case studies. Module 4: Anti-Profiteering regulations 2018. COURSE AUDIENCE a) Scope of Coverage b) Formula for calculation. CEOs/ Managing Directors/ General Managers/ Logistics/.

4 Shipping/ Purchasing/ Export/ Import/ Business Development Module 5: SST 2018 Framework Managers and Executives a) What is and its general Scope of SST: i. Registration and threshold determination and requirements for sales tax and service tax. ii. Responsibilities of taxable person. b) Sales Tax i. Definition of Manufacturing under the Act. ii. Goods exempted and subject from sales tax iii. Disposals that attract and exempted from sales tax. Tan Kok Tee has over 40 years of experience in financial, strategic iv. Different rate of sales tax and its determination and general management. He has held a variety of leadership and v. HS Code of Goods senior management roles in various organizations, the last being vi. Different kind of exemption from paying and Group Chief Executive Officer. More than half of this time are charging sales tax. spend in the Manufacturing Marketing & Distribution and services vii.

5 Separate sales treatment for business by and organization, including those with the then Inchcape Timuran with Designated Areas and Special Area Companies. Berhad, Metroplex Berhad, Perdana Industries Berhad. viii. Sales tax implication to Importers, Traders, Exporters and Manufacturers He is a Fellow member of the Association of International ix. Others: Accountants, UK; Member of the Institute of Public Accountants, Single Taxable Person Concept Aust.; Member of the Chartered Tax Institute of Malaysia; Member Transfer of Going Concern of the Malaysia Associations of Company Secretaries, holds a MBA. Sales Tax Drawback in Finance from Charles Sturt University, Australia and a Gold c) Service Tax Mastery Holder in Reinventing Strategic Planning and Management i. Scope of Service tax under the regulations from the Haines Centre for Strategic Management, sponsored by ii.

6 Taxable Person and its taxable services University of San Diego, USA. iii. Separate sales treatment for business by and with Designated Areas and Special Area Companies. He is also a Certified Trainer with PMSB's Train The Trainer iv. Contra System. Certificate since 2009 and a life member with the Malaysian Institute of Directors. Module 6: Accounting Administration Invoice, DN and CN and its content requirements Kok Tee has been involved in training and facilitation since Payment of SST taxes beginning 2009. To-date he had conducted about 300 training workshops, of which more about 200 are on GST including GST Record Keeping requirements, Accounting for both in-house as well as public, including for Taxable period and tax payment basis Government Authorities, Chamber of Commerce, Government Link Transaction / Tax codes application / supporting Companies, Banks, Malaysian Institute of Accountants, Chartered schedules for SST returns.

7 Institute of Management Accountants, Selangor state Human Penalty and offences Resource Development Centre, Negeri Sembilan state Skills Other General Provisions and its appeal and review. Development Centre, NGOs, political party as well as on behalf of various other training providers. He also developed delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR's NGO strategic planning program and an invited speaker for the Asian Financial Controller's Congress in 2009, 2010 and 2011. Certificate of Attendance awarded Please fill in the enclosed registration form and fax it to for those who complete 03 8066 6152. the Course Course Fees Organizer Contact Persons Malaysian export Academy - RM950 per person per day SBL No.

8 86, Jalan BP 7/8, claimable (Inclusive of lunch, tea BP New Town, Bandar Bukit Puchong, breaks, notes) 47120 Puchong, Selangor DarulEhsan *Group discount of 10% available (for 3. or more participants from the same company). Registration Form