Sales & Service Tax 2018 Mechanism for Effective Implementation and GST Transition Rules Management

02 Oct, 2018, Vistana Kuala Lumpur

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Mr. Tan Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time were spent in the Manufacturing Marketing & Distribution and Services organization, including Inchcape Timuran Berhad, Metroplex Berhad, and Perdana Industries Berhad.

 

He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries, holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

 

He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009 and a life member with the Malaysian Institute of Directors.

 

Mr. Tan has been involved in training and facilitation since beginning 2009. To-date he had conducted more than 300 training workshops, of which more about 200 are on GST including GST Accounting for both in-house as well as public, including for Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as on behalf of various other training providers.

 

He also developed and delivered an Entrepreneurship program (training) especially 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.

Venue Details

Vistana Kuala Lumpur
9 Jalan Lumut Off Jalan Ipoh, 50400 Kuala Lumpur,
Phone : 03 4042 8000

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Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

FOCUSING ON
  • Sales And Service Tax
  • Anti-Profiteering Regulations Compliance
  • GST Transition From 6% To 0%.
OBJECTIVE

Sales and Service Tax (SST) ACT will take effect from 1/9/2018 in replacement of GST.

 

RMCD has also released various guidelines. Businesses are all curious and excited to know what are their concepts, rates and its overall implementation mechanism and how is it going to affect their business and financial planning.

 

Hence this course is designed to assist participants in their management of;

  1. Effective SST Implementation According To Legislations
  2. Product & Services Costings and Pricing In Compliance With Anti-Profiteering
    Regulations 2018
  3. Managing the GST Transition Rules and the Filing of Your Final Return In December 2018
AFTER ATTENDING THIS COURSE YOU WILL RETURN TO YOUR JOB...
  1. Understanding the SST concept, scope and its implementation mechanism.
  2. Understanding the various SST Exemptions / Benefits facilities availability.
  3. Being aware of SST’s taxable period and preparation of returns.
  4. Mastering the Migration Planning and achieving effective SST implementation and avoiding pitfalls.
  5. Learning costing and pricing calculations in compliance with relevant regulations.
  6. Learning how to manage the GST transition rules.
WHO SHOULD ATTEND
  • Business Owners and Company Directors
  • CFOs, Financial Controllers and Finance Managers
  • Accountants, Accounts Executives and Accounts Assistants
  • Business Advisors, Auditors and Internal Audit Staff
  • Freelance Accounting Professionals
  • Procurement/Purchasing and Logistics Managers
  • Other functional staff engaged in GST and SST matters
METHODOLOGY
Interactive Lectures, Discussions and Questions and Answers sessions. Questions and Answers along the way plus post course email support for 3 months from the date of the course.
  
WHAT YOU WILL LEARN
9:00 SALES AND SERVICE TAX
  • A. Introduction
  • B. Sales Tax
    i. Governing Legislations
    ii. General Mechanism
    iii. Definition of Manufacturing
    iv. Definition of Designated Areas and Special Areas and its Sales Tax treatment
    v. Threshold for Registration and Registration Procedures
    vi. Different class of exemptions and drawback facilities.
    vii. Rate of Tax – 5%, 10%, Specific rate.
    viii. Tax Calculation
    ix. Accounting:
    • Invoice, Debit Note and Credit Note matters
    • Standard and Specific Taxable Period
    • Filing of Returns & Payment of Tax
    • Bad Debt Relief.
    • Record Keeping.
    x. Offences, Compound and Penalties
    xi. GST Transition rules and disclosure in the final return.
  • C. Service Tax
    xii. Governing Legislations
    xiii. General Mechanism
    xiv. Scope of service provider and its taxable services
    xv. Definition of Designated Areas and Special Areas and its Service Tax treatment
    xvi. Threshold for Registration and Registration Procedures
    xvii. Rate of Tax
    xviii.Contra System
    xix. Accounting:
    • Invoice, Debit Note and Credit Note matters
    • Standard and Specific Taxable Period
    • Filing of Returns & Payment of Tax
    • Bad Debt Relief.
    • Record Keeping.
    xx. Offences, Compound and Penalties
    xxi. GST Transition rules and disclosure in the final return.
1:00 Lunch

2:00 ANTI-PROFITEERING REGULATIONS COMPLIANCE
  • Understand its scope coverage requirements
  • Learning their mark-up margin and unreasonable high profit calculation.
  • How to calculate unreasonable high profit
  • Knowing the various offences and penalties.
3:45 GST TRANSITION FROM 6% TO 0%.
  • Transition Pathway to follow.
5:00 End of Course