here - MAICSA

GST Basics: An Overview of GST for Everyone
13 JANUARY 2015, TUE ■
Malaysia will soon see the Goods & Services Tax
being implemented as from 1 April, 2015. There
are many misconceptions which arise mainly from a
misunderstanding of the way GST operates. The
Malaysian Royal Customs Department has
highlighted areas of the Malaysian GST that are
different from the GST in UK, Australia and
improvements made over the other models primarily
to assist Malaysian businesses in achieving a more
effective cash flow management.
This workshop 1 aims to bring to you a good
overview of Malaysian GST in a simple and concise
manner, including a good understanding of the key
elements of GST.
At the end of the course, participants will be able
to:• Obtain a good overview of the Malaysian Goods
& Services Tax in simplified language;
• Understand the concept and the principal
elements of GST in relation to supply of goods
and services;
• Understand the registration issues – mandatory,
voluntary, group and late registration impact;
• Learn the GST documentation required, the
accounting records and GST Returns – GST-03
• Get an insight into treatment of GST on capital
goods (capital assets), and
• Get an understanding of the impact of GST on
businesses and how to manage the impact.
Introduction to GST
• An overview of GST
• GST vs Income Tax – understanding their
respective impacts
• What happens to Sales and Service Tax – the
transitioning effects on businesses
Scope of GST
• The mechanism by through which GST is
imposed – input tax, output tax, input tax
• Supply of goods and services – meaning of
supply, how to determine goods and services
and dealing with imports;
• Understanding the critical “business test”;
Taxable Persons, Taxable Supplies and
Exempt Supplies
• Taxable person and taxable supply
• Standard rated supply, zero-rated supply,
exempt supply and mixed supply;
Time of supply (the tax point) and place of
supply, consideration and value;
• Threshold for registration
• Types of registration – mandatory and
• Registration of Company, Partnerships and
Limited Liability Partnerships, Sole proprietor,
Clubs, Associations and Management
Corporations, and Non-profit Organisations
• Calculation of taxable supply for GST
• GST 01 Return for Registration – Understand
what is required
• Group registration – conditions and pros and
cons for businesses;
• Effect of late registrations;
• Wholly zero-rated supplies – conditions for
exemption from registration, advantages and
Types of Documentation – an overview
• Records relating to sales and income (output
tax) eg Tax Invoices, cash register rolls, etc
• Records relating to purchases and expenses
(input tax) eg Suppliers invoices, bad debts
claims, etc
• Appropriate accounting records including
inventory listings, debit and credit notes etc
• Bank statements, GST returns submitted to
Customs, GST workings summary etc.
GST Returns
• Submission of GST returns – the criteria for
quarterly or monthly submissions;
• Input tax credit, mechanisms to claim input
tax, blocked input tax and input tax refund
• Formula to claim bad debts relief on partial
collection of debts;
• Gifts and own use of goods and assets rules;
• Overview of special schemes - “Approved
Traders Scheme”, Approved Toll
Manufacturers Scheme”, “Warehousing
Scheme”, “Flat Rate Scheme”, Relief on
Second Hand Goods (margin scheme);
• Review of partial exemption and annual
adjustments for mixed supply;
• GST-03 – Goods and Services Tax Return –
Learn what is required for completion of GST03;
Capital Goods – Assets used in the
• A preview of Capital goods adjustment;
Penalties for Offences
• A description of the various penalties for
offences under the GST Act, 2014
GST Impact on businesses
• The changing landscape in the way
business is carried out
• Impact of GST on businesses and
Government revenue
• Cash flow fund required to pay output tax
on credit sales;
• Challenges on GST implementation and
methods of overcoming them;
• Software requirements.
• CFO’s, Financial Controllers, COO’s, CEOs
and Managing Directors
• Tax Managers and Tax Consultants
• Chartered Accountants, Advisors, and
• Company
Secretaries and
• Professionals and Staff involved in preparing
for the implementation of GST
• Members of the public who which to learn
about Malaysian GST
J Selvarajah - ACA; CA(NZ); CA(M); ACTIM;
FIPA(Aust); B.Com(Acc)NZ.
J Selvarajah, is a senior partner of a well-established
professional practice in Kuala Lumpur which is a
member of an international network of accounting and
consulting firms with more than 300 partners and
professional staff. He is currently actively involved in
the preparatory work for the implementation of GST for
clients in collaboration with a major software company
listed on Bursa Malaysia, as well as SME clients. He
has also undergone the 10 day training in Goods &
Services Tax conducted by senior officers of the Royal
Malaysian Customs Department. He has 43 years of
work experience in public practice particularly in the
areas of financial reporting for public and private
entities, internal audits, corporate governance and risk
assessments, external audits, company secretarial
practice and fraud prevention. He has assisted several
Malaysian and international companies and other
organisations operating in Malaysia and Singapore in
setting up the Internal Audit and Risk Management
processes and Corporate Governance training. He is
also the internal auditor for several public listed
companies on Bursa Malaysia and SMEs’. He has also
performed several investigative audits on accounting
malpractices, embezzlement and money laundering. J
Selvarajah also delivers regular public and in-house
seminars and training on Corporate Governance and
Risk Management, Malaysian and International
Financial Reporting Standards (MFRS/IFRS), Financial
Instruments, Costing and Cost Management systems,
Malaysian Corporate Tax Impact of MFRS, Corporate
Tax Planning and Corporate Taxation including the
soon to be introduced GST, and as well as on
Corporate Fraud Detection, Prevention and Fraud Risk
Management. J Selvarajah, is a member of the
Institute of Chartered Accountants in England & Wales,
the New Zealand Institute of Chartered Accountants,
the Malaysian Institute of Accountants, and an a
member of the Chartered Tax Institute of Malaysia. He
is also a PSMB (HRDF) Certified Trainer.
MAICSA Training Division
Bangunan MAICSA, No. 57 The Boulevard, Mid Valley City
Lingkaran Syed Putra, 59200 Kuala Lumpur
Normal fee
MAICSA Member/graduates/students/Affiliates
Non Member
MAICSA member’s staff*
**Early Bird Discount (RM)
(register & pay before
Group Discount (RM)
(for 3 or more registration
from the same organisation)
(inclusive of course material, lunch and 2 tea breaks)
* The staff of the sponsoring MAICSA member who must report directly to the member in the same organisation. The staff is entitled to the
member’s rate and NOT entitled to group fee and the early bird fee. The Sponsoring MAICSA member is required to indicate his/her name,
designation and membership number in this registration form.
** Normal rate will be applicable if we do not receive payment before 31/12/2014.
All registrations MUST be accompanied with full payment. Admittance will not be permitted unless payment. Payment for normal rate shall be made
within two (2) weeks from the date of the invoice or on the day of the event, whichever earlier.
Upon registering, participant(s) are considered successfully registered for the event. The registration fee(s) is/are non-refundable nor allocated to
another programme if the participant(s) decides to cancel/ withdraw the registration less than five (5) working days prior to the event date or no show
on the day of the programme. Cancelled unpaid registrations will also be liable for full payment of the registration fee. (Note: Cancellation/withdrawal
must be in writing).
If you intend to send a replacement, please notify us in writing at least five (5) days before the event. The CPD hours will be allocated to the
designated attendees. If the replacement is not a Member, the appropriate fees will apply.
REMINDER: Please produce national registration identity card/passport upon registration for identity verification. Certificate of
Attendance will only be released to registered participants upon full attendance with full payment.
Please email/fax/post this form and submit payment to:-
Bangunan MAICSA
No. 57, The Boulevard, Mid Valley City,
Lingkaran Syed Putra, 59200 Kuala Lumpur
Attention: Training Division
Tel: 03-2282 9276
Fax No: 03-2283 4492
Email: [email protected]
For details of other training events, please visit the MAICSA website at
MAICSA reserves the rights to make amendments to the programme without prior notice to the participants and to cancel or postpone the session if
the minimum number of participants is not met. If your organisation requires an official invoice, please contact the MAICSA Training Division. Upon
signing the registration form, you are deemed to have read and accepted the terms and conditions.
Payment by cheque
Bank & Cheque No.:
Amount RM:
Payment by Credit Card/Debit card
Cardholder’s Name:
Card No.:
Expiry Date:
I authorise payment of RM:
Cardholder’s Signature:
Payment By Direct bank-in /Online/EFT Payment: Please remit the payment to the following account:
Bank: RHB Bank Berhad, Mid Valley
Account name: MAICSA
Account number: 2-64094-0000-4232
Attached/ Email the bank-in slip/ online transaction slip/ EFT payment advice to [email protected] or fax to 03-2283 4492
MAICSA Training Division
Bangunan MAICSA, No. 57 The Boulevard, Mid Valley City
Lingkaran Syed Putra, 59200 Kuala Lumpur
R E G I S T R A T I O N F O R M – WORKSHOP I on GST Basics: An Overview of GST for Everyone (TX13011501)
Please register me for the event.
Full Name as per IC (Dato’/Datin/Dr/Mr/Mrs/Ms)*: _______________________________________________________________________________
Designation*: _________________________________________ MAICSA No.:____________________ Email* : ______________________________________________
Address*: _________________________________________________________________________________________________________________________________
Contact Person*:__________________________________________________ Email*:__________________________________________________________________
Tel*: ____________________________________________________________ Fax*: ___________________________________________________________________
Sponsoring member (If applicable)
Name*: _________________________________________________Designation*:________________________________ MAICSA membership: _____________________
*compulsory field to complete
We require
softcopy invoice
hardcopy invoice (please tick √)
The Malaysian Institute of Chartered Secretaries and Administrators (“MAICSA”, “we” or “us” or “our”) is required to comply with the Personal Data Protection Act 2010 (the “Act”), which
regulates the processing of personal data in commercial transactions. For the purpose of this Personal Data Notice, the terms “personal data” and “processing” shall have the meaning as
prescribed in the Act.
This Personal Data Notice applies to any person whose personal data is processed by MAICSA or on behalf of MAICSA.
1. This Personal Data Notice serves to inform you how your personal data is being processed by MAICSA.
2. The personal data processed by us may include your name, designation, company’s name, contact details, email address and any other personal data required for the purposes set out in
paragraph 3 below.
3. MAICSA may use your personal data for the following purposes (collectively referred to as the “Purposes”):
(a) to process your registration form for training events (including conferences) organized by MAICSA and collaborative partner(s) and for administrative purposes such as attendance list,
issuance of invoice, official receipt and certificate of attendance;
(b) to communicate with you on the confirmation of the training events and matters in connection to the MAICSA training events/conference;
(c) to notify you of any changes to our training events which may affect you;
(d) to mail the official receipt and certificate of attendance;
(e) to respond to your enquiries or complaints; and
(f) such other administrative purposes which relate to the above.
4. Your personal data is collected from various sources, including information you have provided us, information from third parties and information in the public domain.
5. You may access and request for correction of your personal data. Please contact us as follows if you have any enquiries or complaints in respect of your personal data:
Designated Contact Person:
Manager, Training Division
Mailing address:
MAICSA, Bangunan MAICSA, No. 57, The Boulevard,
Mid Valley City, Lingkaran Syed Putra, 59200 Kuala Lumpur
Tel No. :
03-2282 9276
Fax No. :
03-2283 4492
E-mail :
[email protected]
In accordance with the Act:
a) We may charge a fee up to RM10 (for personal data) and RM30 (for sensitive personal data) for processing your request for access to your personal data; and
b) We may refuse to comply with your request for access to or correction of your personal data.
6. Your personal data may be disclosed:
i) to our vendor (in terms of email address) for the purpose of email blasts on behalf of MAICSA - applicable to MAICSA members, students and affiliates only;
ii) where such disclosure is required or authorised by law or by the order of a Court.
7. MAICSA shall retain your personal data from the date of collection for as long as it is necessary for the fulfillment of the Purposes or for compliance with the law or legal obligations by
MAICSA. MAICSA shall stop processing your personal data when you write to MAICSA using the contact details in paragraph 5 above to withdraw your consent.
8. Unless otherwise specified by us at the time the personal data is collected, it is obligatory that you supply us the personal data requested for by us. Failure to supply us with your personal
data may render us unable to carry out the Purposes.
9. You undertake and warrant to MAICSA that your personal data is accurate, complete, not misleading and up-to-date. The onus is on you to update MAICSA if your personal data has
10. MAICSA reserves the right to update and amend this Personal Data Notice from time to time. MAICSA will notify you of any changes via announcement on MAICSA’s website or through
other reasonable means of providing notice as MAICSA may deem appropriate. Any changes to this Personal Data Notice will be effective immediately upon notice to you.
We would like to send you information on future training events organised by MAICSA via email or fax. If you do not agree to being contacted in this way, please tick “X” in the box
applicable to MAICSA members, students and affiliates
Declaration Statement
Contact Person
I hereby consent to the processing of my personal data
for the purposes described in the Notice above.
- not
Issued by: MAICSA Training Division
MAICSA Training Division
Bangunan MAICSA, No. 57 The Boulevard, Mid Valley City
Lingkaran Syed Putra, 59200 Kuala Lumpur