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ITRAININGEXPERT GLOBAL PLT (LLP 0000201- LGN)
Corporate Admin Headquarters: No 9, Jalan BK 8A/2, Bandar Kinrara, 47180 Puchong Selangor, Malaysia
Tel: +603-8074 9056 | Fax: +603-8082 4164
Email: info@itrainingexpert.com Website: www.iTrainingExpert.com
2 days informative and interactive workshop for Finance and Non-Finance Personnel 9-10 October 2014 | Holiday Villa Hotel, Subang Jaya 20-21 November 2014 | Armada PJ, Kuala Lumpur 9-10 December | 22-23 December 2014, Armada Hotel, Petaling Jaya 100% HRDF Claimable (In house/ Tailored courses are available) *GST Mandarin session (In house) is available -��˰-��Ƴ��İ� OVERVIEW In the 2014 Budget, the Prime Minister of Malaysia has announced that Goods and Service Tax (GST) will be implemented effective 1 April 2015. It is essential for all departments in an organisation to be aware about this tax system and to understand how it affects their functions. This workshop uniquely adopts a multi-disciplinary approach towards the implementation of GST. YOU WANT TO ATTEND THIS COURSE BECAUSE The core objective of this course is to allow businesses to use GST to reduce costs and maximise profits �C without exploiting the customers. SUITABLE FOR ? Company directors, General managers ? Business owners, CFO, Financial Controllers, COO ? Managers of procurement, product pricing, bookkeeping, accounting, marketing, finance, legal, information systems and, of course, taxation. ? Tax Managers , Finance Managers and Executives Costing, Procurement Department ? GST Tax consultants ? Chartered Accountants, Advisors and Auditors ? Company Secretaries and Business Consultants ? Professionals and Staff involved in preparing for the implementation of GST ? Anyone who wants to learn about the Malaysian GST
COURSE OUTLINE Day 1: Malaysia GST (based on proposed laws and guidelines issued by Royal Customs of Malaysia) 1. Introduction ? GST as a consumption tax ? Comparison bet SST & GST ? Rational for Implementing GST ? Input tax and output tax mechanism ? Scope of GST 2. Registration for GST ? Taxable person and threshold determinations ? Mandatory, Voluntarily registration ? Transfer of Going Concern ? Registration for ? Individuals, sole proprietor and LLP ? Group, Partnership, Branch, Exemption ? Timing of Registrations ? Liability to Register ? Registration Cancellation ? Responsibilities of a Registered Person ? Deregistration

Tel: +603-8074 9056 | Fax: +603-8082 4164
3. Scope and Charge ? Scope of GST ? Type of supply: standard & zero rated supplies ? Non-Taxable supply: exempt supplies, disregarded supplies, out of scope ? Deem supplies ? Mixed and Composite Supply ? Basic Tax Point, Actual Tax Point and the 21 days invoicing rule 4. Input Tax Credit (ITC) Claims ? Allowable input tax to claim- Attribute & Apportionment concept ? Residual Input Tax ? Blocked input tax ? Deminis Principle for Residual Input Tax Credit Claims ? Input Tax for Incidental Exempt Supplies ? Input Tax repayment for non-payment made to suppliers ? Input Tax Adjustment ? Bad debt relief 7. Special schemes ? Warehousing Scheme ? Approved Trader Scheme ? Approved Toll Manufacturer Scheme 8. Business Impact on Various Departments . GST Effects on ? HR (e.g. Staff Benefits and Gift Rules ? Taxable and Exempt supplies on staff / employee matters) ? Procurement/ Marketing/ Business Development/ Legal/ IT System/ Risk Management 9. Offences & Penalties ? Late Registration ? Non/ Late submission of GST return ? Non/ Late payment of Tax ? Submission of incorrect GST return ? Failure to keep proper records Day 2 10. GST - Special Schemes ? Approved Trader Scheme (ATS) ? Approved Toll Manufacturer Scheme (ATMS) ? Approved Jeweller Scheme (AJS) ? Warehousing Scheme (WS) ? Second-Hand Goods (Margin Scheme) �CSpecial Rules and Relief ? Tourist Refund Scheme (TRS) ? Flat Rate Scheme (FRS) ? Vouchers, Stamps and Tokens ? Employee Benefits ? Agents and Auctioneers ? Supply of workers from overseas �Cforeign workers and foreign consultants ? Directly employed ? Sub-contracted from supplier

Tel: +603-8074 9056 | Fax: +603-8082 4164
11. Accounting: Tax Invoice and Keeping GST Records ? Tax Invoice- Issuance of tax invoice ? Content of a full tax invoices ? Simplified tax invoice ? Deemed tax invoice �C self billed invoices, invoices by auctioneer ? Cash register rolls ? Non Issuance of tax invoice �C instances where a tax invoice shall not be issued ? Tax invoice for mixed supplies ? Dealing with imports ? Tax invoice and Imported goods and services, and reverse charge mechanism ? Credit Note and Debit Note, Dealing with Bad Debts and Adjustments ? Record Keeping ? Records relating to registration/ business activities/ accounting ? Sales & Service Tax record keeping in GST regime ? Records on GST Bad Debts Relief claim Accounting Basis ? Invoice basis (accrual)/ Payment basis 12. Transition rules ? Effect of Sales Tax after repeal. ? Special Refund ? Effect of long term non-reviewable contracts ? Supplies span before and after GST implementation ? Progressive, Periodic supplies 13.Filing GST Returns ? Requirements of GST Returns GST- 03 ? Understanding GST accounting software for production of correct figures for GST-03 ? The importance of getting tax codes right when making accounting entries �C a major pitfall ? The GAF file (GST Audit File) �Cunderstanding its significance in GST audits ? Types of GST audit and periods covered ? Responsibilities of a taxable person 14. Key considerations for GST Implementation ? Reporting for GST and IT system considerations ? Internal GST implementation committee
METHODOLOGY Interactive input, case study, group assessment, Question and Answer. COURSE LEADERS (ONE OF THESE KEY PANEL GST TAX CONSULTANT WILL CONDUCT THE COURSE) RAYMOND ONG Certified GST Tax Agent, MBA Member of the International Accountants (UK) Member of Chartered Tax Institute of Malaysia For the past 15 years, Raymond has been actively involved in tax compliance and consultancy work for both corporate tax and indirect tax. His experience includes conducting tax training, indirect tax planning and advisory for local and multi-national companies. Currently, Raymond is involved extensively in practical GST implementation projects and consultancy in Malaysia. After completing the extensive GST course organized by the Royal Malaysia Customs for Tax agents in 2010, he has been registered as an approved as a GST Tax consultant. Since then, he is involved preparing a multi-national company for GST compliance. He has also attended numerous GST trainings by international speakers and Tax experts to keep abreast with the latest issues. Raymond also conducts in-house GST workshop for Malaysia companies from diverse industries in Malay, English and Mandarin.

Tel: +603-8074 9056 | Fax: +603-8082 4164
REGISTRATION Download Registration from: http://www.itrainingexpert.com/Registration-Form/ Registration Online: http://www.itrainingexpert.com/course/24/GST--Goods-and-Services-Tax.html
This Training Programme is SBL Claimable *Subject to PSMB conditions.
We Are An Approved Training Provider Under SBL Scheme With Pembangunan Sumber Manusia Berhad (PSMB/HRDF).
All registrations MUST be accompanied with PAYMENT 14 days after the issuance of invoice or fully paid before the event.
OR JAMES NG, Certified GST Tax Agent, Chartered Accountant, CPA James Ng is project director of GST preparation projects in multi-million companies and SME in Malaysia. He is Charted Accountant (MIA, CPA) coupled with 28 years in various capacities in one of the largest oil and gas companies, which including Head of Risk Management, Finance Manager and Senior Internal Auditor. James is a certified GST Tax Agent, and trained by the Royal Malaysian Customs Department (RMCD). He has complete understanding not only of the Malaysian GST but also of RMCD��s policies and procedures. He has extensive ��hands-on�� knowledge and experience in GST implementation. He also shares his practical experience with others during trainings and talks in both English and Malay. OR MR MOHD NOOR , Chartered Accountant (M) MBA(UKM),CPA (M ),FCTIM,FCCS,CFP. Md Noor comes with 30+ years of experience as an accountant. His firm provides Auditing services and Business advisory in the area of financial management, corporate exercise and tax planning. He is the Chief Executive Partner of Messer IMRAN Chartered Accountant. He has also audited companies carrying the business in housing development, construction, manufacturing and hospitality. Since 1990, he has been speaking at training and seminars on Financial Management, Working Capital Management, Business Turnaround, Taxation, Marketing and Business Strategy. He has delivered trainings and talks organised by UMCeed, MIA, MICPA, MIM, SME Bank, PNS, MATRADE and other government bodies. He also provides Business Coaching to his SME clients. Mohd Noor is an approved GST Tax Agent by the Royal Custom and Excise Department. He completed the GST Agent Course in 2012. Currently he is a member of GST working committee of MICPA and MATA. He is also a member of taxation committee with the MIA. He is also conducting various GST trainings for his clients in preparing them for the implementation of the GST in 2015. In summary, Mohd Noor's professional involvement includes: ? Malaysian Institute of Accountants (MIA) ? Malaysian Institute of Certified Public Accountants (MICPA) ? Chartered Taxation Institute of Malaysian (CTIM) ? Malaysian Association of Tax Accountants (MATA) INVESTMENT Normal Fee : RM 1990.00 per pax Early Bird fee: RM *1590.00 per pax (*Payment 14 days before the course commence) Group Registration fee: RM 1490.00 per pax for a minimum of 3 participants register together. (Fee inclusive of Buffet Lunch, Refreshment, Training Materials, Certificate of Achievement) *Limited time only. Consultancy for GST Implementation is also available.

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