Goods And Services Tax GST Essentials For Business

Introduction:

This GST training program will allow the participants to acquire and understand the key elements of GST and its mechanism. GST is a broad based consumption tax which will replace the current sales and service tax in Malaysia. Analyse and understand its effects on the business operations. It is critical for business entrepreneur and other operating unit heads to keep updated on the GST legislations and requirement, analyse and understand its effects on the business operation and the transitional issues. The participant will acquire the general concept and overview of the GST, accounting treatment and computation of GST in term of input and out tax. GST impact on the existing accounting and IT system.

How Will You Benefit

Upon completion of this programme, the participants will be able to:

• Understand the mechanisms of GST and its impact to the industry
• Understand the types of supplies and and accounting of GST on accrual basis and cash basis
• Understand the input tax credit and blocked input tax
• Determine the time of supply and value of supply
• Identify the transitional issues/provision to be considered
• Make adjustment on debit note ,credit note , bad debt relief and recovered
• Identify GST implementation issues, GST tax code and infrastructure requirement
• Maintain GST documentation and accounting records
• Understand GST audit and maintaining audit evidence

Who Should Attend

This program is suitable for accounting staff, business entrepreneur, operation executive, marketing, logistics, procurement, human resource personnel, manufacturers, business planner, product manager, contract executive and general managers.

Methodology

This stimulating program will maximizes the understanding and learning through Lectures supported by Power-point presentation, discussion and examples.

Module