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Wednesday, December 17, 2014

Getting ready for GST before April 2015

1st April 2015 when GST start full implementation for Malaysia is just a little over 3 months for now. After that, mistakes, omissions, missing datelines can be very expensive as the Customs can if they so chose to, impose very heavy fines.

Pop over to
Checklist of tasks to do in preparation for GST
and tick off each of the 14 tasks to do as each task is completed.

Your business may need to submit GST Returns (Form 3 or GST-03) every 3 months if annual turnover is below RM5,000,000 and every 1 month if over that threshold. You must submit it before the end of the month following the taxable period.

The MYOB Accounting software will help tremendously with these requirements. One of MYOB partner in Uptown is SeaSoft Sdn. Bhd. at 34M Jalan SS21/39.

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