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GST System Changes Newsletter

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Mon Nov 19 @09:30 - 05:30PM
Sales Tax Exemption, Accounting, SST-02 and Customs Ruling

Wed Nov 28 @09:30 - 05:30PM
Sales Tax Exemption, Accounting, SST-02 and Customs Ruling

Thu Nov 29 @09:30 - 05:30PM
The Final GST-03 Submission Workshop

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SW Project Consulting Sdn Bhd

Sales Tax Workshop - Exemption, Accounting, SST-02, Customs Ruling & Budget Updates

Details: Category: Sales Tax Workshop; Published: 30 September 2018; Hits: 57

Sales Tax has gone live in Malaysia since September 1, 2018. It is necessary for the manufacturers and sub-contractors to know and understand about the critical parts of sales tax regime, rather than general knowledge about SST. In this training, exemption procedures in Schedule A, B and C will discuss in detail, together with accounting entries that can lead to the preparation for SST-02. RMCD made announcement on the procedures on how to apply customs ruling.

If these are the areas that you wish to learn and apply as manufacturers and sub-contractors, please join the workshop to equip you with better knowledge to avoid extra cost of production and penalty. This workshop also highlights critical points in the Guide on Manufacturers, Import and Export.

Please download the training flyer via the download link: Sales Tax Exemption, Accounting, SST-02 & Customs Ruling

You can scan the QR Code to download to your mobile device using Wechat or QR Scanner.

Sales Tax Workshop

You can download the attachment in this article or you can just read the training flyer by double clicking the image below.

Attachments:
Sales Tax Workshop	[Training]	1189 kB

GST Workshop - The Final GST-03 Submission

Details: Category: GST Training; Published: 23 October 2018; Hits: 57

Government made Goods and Services Tax (Repeal) Act 2018 and it was effective since September 1, 2018. RMCD is giving 120 days for the GST registrants to submit the final GST-03 Return Form from September 1, 2018. Now is the crucial time for GST registrants to prepare proper GST-03 as there are some challenges to identify all final GST treatments prior to the submission deadline on December 29, 2018.

If these are the areas that you wish to know as GST registrants, please join the workshop to equip you with better knowledge to manage potential GST adjustment prior to the final preparation of GST-03. This workshop also highlights critical points for post GST-Exit era and impacts of Budget 2019.

Please download the training flyer via the download link: GST Workshop: The Final GST-03 Submission

You can scan the QR Code to download to your mobile device using Wechat or QR Scanner.

The Final GST-03 Return

You can download the attachment in this article or you can just read the training flyer by double clicking the image below.

Attachments:
The Final GST-03 Submission	[GST Workshop]	715 kB

SWPC Contact

Mr. Stanley Wong Kah Leong

Suite 11 Block E111 Phileo Damansara 1
No 9 Jalan 16/11 Off Jalan Damansara
46350 Petaling Jaya, Selangor, Malaysia, MYS

Tel: +6012-9819390; +6012-6981938

URL: https://www.swpc.com.my

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GST System Changes

About GST System Changes

Goods and Services Tax (GST) has implemented in Malaysia since April 1, 2015. Businesses and corporates are now adopting themselves for GST mechanism with better understanding and thorough knowledge. However, GST has too wide in its operation and its knowledge domain can classify as GST Registration, GST Operation, GST for Special Industries, GST Laws and many other specific topics.

SW Project Consulting Sdn Bhd created GST System Changes as a term to be used in GST knowledge domain. GST System Changes is a framework for GST compliance, GST Review and GST Audit. It changed how the businesses were doing from the point of tax mechanism and system mechanism. When most of the businesses are being asked to be GST compliance, it shall look into the mechanism compliance and software compliance.
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What is Mind Mapping?

When we talk about mind mapping, we have to salute the inventor of mind mapping. He is Tony Buzan. He is such a great mind to invent and introduce the concept of mind mapping and how our brain functions to the world that has benefitted more than millions of people worldwide since 1970s. It is the ultimate thinking tool that has transformed the life of many individuals from the pre-school children to the corporate giants.

“Mind Mapping is a creativity and productivity enhancing technique that can improve on learning and efficiency of individuals and organizations. It is a revolutionary system for capturing ideas and insights horizontally over the paper.”

- Anthony J. Mento and Raymond M. Jones, Loyola College, and Patrick Matinelli, Johns Hopkins University, on their executive MBA program
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What is Finance IT?

It is in the past that people who work for information technology on behalf of accounting department were called system accountants and finance project managers. These professionals are working on the part time basis in addition to their main job description. As the job scope is not clearly defined between Finance and IT division, it is always bringing out many disagreements between two divisions on the tasks to be delivered and what can they do and not. One typical example is finance professionals expecting that a button can solve all their issues while ignoring the problems that IT would face in order to bring out such amazing practice.

There is lack of a direction to give a unique name and definition for the piece of work done by the system accountants and finance project managers. I would like to bring out the definition of Finance IT. Finance IT is a new profession that shall recognize in every modern finance and information technology divisions. Finance IT shall refer to the profession for those finance professionals who are handling information technology systems or IT professionals who are handling finance application management.
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