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GST FOR MIX SUPPLIERS

Date : 13th October 2015
Time : 9:00 am To 5:00 pm
Venue : Armada Hotel, Petaling Jaya
Speaker : Mr. Goh Kean Hoe

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Under the Malaysia GST legislation, a business that makes both taxable supplies and exempt supplies are required to apportion and adjust certain type of input tax over a period of time. With a good number of sectors falling under Exempt Supply category, many companies and businesses may end up as a ‘mixed supplier’ that is subjected to many complicated regulations and rules governing the claiming, attribution, apportionment and subsequent adjustments of certain type of input taxes. The three main rules are the longer period adjustment of residual input tax, capital goods adjustment and change of use over 6 years adjustment.

The sectors involved include property developers, JMB/MC, hospitals, education sectors/colleges, transportation and toll companies, financial service companies(except for those under Fixed Rate Recovery rule) and companies involved in burial services. Mixed suppliers are considered high risk registered persons as input tax could be wrongly claimed or over claimed. This could be discovered during the tax audit and penalty may be imposed. At this juncture, it is still not proven if the software is able to handle all these adjustments accurately and efficiently. There could also be potential accounting and income tax issue on unclaimed input tax and the subsequent adjustments which are pending further guidelines from the relevant bodies.

The objective of this seminar is to outline and explain the provisions in the laws and regulations as well as the formulae involved and to discuss practical issues, solutions and options. It is not meant to be specific to any particular sectors. The information and knowledge shared in this seminar will enable participants to plan and manage its input tax claims more properly as well as the business structure and software involvement.

  • CFOs, accountants and key accounting staffs of the mixed supplies sector
  • Tax agents and consultants
  • Directors, management team and heads of relevant departments of companies in these sectors
  • Anyone interested to learn more about GST and its effect on these sectors
  1. Who are "mixed suppliers" seubject to input tax adjustment?
    • GST Exempt Supplies Order 2014 - Review of sectors and goods and services classified as Exempt Supply
    • Registration issues for mixed suppliers
    • Invoicing for different type supplies
    • Incidental Exempt Financial Supplies
    • De Minimis Rule
    • Review of GST regulations on input tax for mixed suppliers
  2. Input tax attribution, apportionment and IRR
    • IRR tax on exempt supplies and taxable supplies and the relevant tax codes
    • Attribution process and residual input tax
    • Understanding the standard Turnover Method and the formula of Input Tax Recovery Ratio (IRR)
    • Application for use of other methods
  3. Longer period/annual adjustment of residual input tax
    • Determining tax year and longer period
    • Calculating the adjustment (under/over claims)
    • When and how to make the adjustment in GST return
  4. Capital goods adjustments
    • In what situations this rules applies
    • What type of capital goods are subject to this rule and the period of adjustments (first and subsequent intervals)
    • How to calculate the adjustments (under/over claims) in subsequent intervals
    • What happen when the asset is disposed off
    • When and how to make the adjustment in GST return
  5. Adjustment for change of use within 6 years
    • In what situation this rule applies and in what situation it does not
    • When and how to make the adjustment in GST return
    • What happen when the asset is disposed off

Goh Kean Hoe is an approved company auditor and a licensed tax agent with past and present clients that include PLCs, MNCs, SMEs, and entrepreneurs. Previously an audit manager with a Big Four Accounting Firm and a company financial controller, he has wide exposure in many fields over the past 20 years including the property sector and international assignments. His biggest strength is his technical knowledge and analytical skill. He has published articles on deferred taxation and property development accounting in the national journal and newspapers.

Kean Hoe holds a Bachelor of Accounting from the University of Malaya. He is a member of MIA, MICPA and CTIM. He currently sits on the Tax Practice Committee and GST Working Group of the MICPA. He was the Honorary Treasurer of Malaysia Economic Association (MEA) and a trustee for its foundation for 6 years. He has conducted numerous seminars and workshops on financial and accounting related subjects.

In preparing for GST implementation in Malaysia, Kean Hoe has been working closely with GST Academy Singapore since 2010 to develop GST training programmes for Malaysia and to provide GST consulting services. He has successfully completed the 10 day course conducted by the Royal Customs of Malaysia for GST consultants and agents and is an approved GST tax agent licensed by MOF. He was involved in a number of GST implementation projects in 2014/2015 and is currently a GST consultant to a few companies.

Seminar Particular

Organisation Particular

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Payment Particular

Note :

  • All payment shall be made to Globalacc Research & Training Sdn Bhd.
  • Advanced payment is required to secure the seats.

You may bank-in the cheque or transfer to our bank account as follows:

Banker : Public Bank Berhad

Account No. : 313 968 4822

Please email the bank-in slip / transaction slip to globalaccrt@gmail.com for our record and reference in order for us to issue an official receipt.



Notes :

  • Registration will be accepted subject to availability of seats on first come first served basis and receipt of payment in advance.
  • Confirmation of registration and Tax Invoice will be issued in due course.
  • The organizer reserves the right to cancel the event and any payment made shall be refunded in full if the event is subsequently cancelled.
  • Certificate of Attendance will be issued. CPE hour for members of professional bodies is subject to verification and approval of the respective bodies.
  • Application to HRDF for claims is subject to approval by the relevant authority.

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