GST System Changes Newsletter
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GST Accounting on Employee Benefits
- Written by Stanley K Wong
- Category: GST System Changes Articles
Please be informed that the amendment in DG's Decision wef 28/10/2015 Item 3 (iii) (b) mentioned that bad debt relief facility is applicable to GST Registrants only. Please read the article on Summary of Changes - DG's Decision Article above.
The latest DG amendment states that the GST registrant shall write to DG within 30 days from the expiry of 6 months period to claim bad debt relief at a later date. DG 1/2014
Have you prepared for the first bad debt relief? If you have outstanding debts as at Sept 30, 2015, you may need to write in to the DG within 5 days from the expiry of 6 months to claim bad debt relief at a later date. Otherwise, you will claim bad debt relief in October 2015.
Please click on the download at the bottom and read the article attached. It gives you the requirements about the conditions to claim bad debt relief. You can click on the link to GST System Changes in Facebook.
SWPC Rapid 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