SALES TAX ACT 2018 & SERVICE TAX ACT 2018
By Mr. Hari Ramulu Munusamy - 23 November 2018, 9:00 am to 5:00 pm
Kuala Lumpur
(100% Claimable From HRDF/PSMB)
INTRODUCTION

On 19th July 2018, the RMCD announced that Sales and Services Tax (SST) Bill is expected to be tabled in Parliament soon, and that it will take effect on 1st September 2018. GST will be replaced in totality.

Businesses must be aware of what sales and services will fall under SST and what goods and services will be exempted.

PROGRAM OBJECTIVES
OBJECTIVES:
  • Understand SST scope
  • Understand what is the mechanism
  • Know what are the exempted sales and services
  • Know how to handle transition from GST to SST
  • Consequences on Costing, Pricing and Invoicing
  • Know the taxable period and Returns
WHO SHOULD ATTEND

Business entrepreneurs, directors, proprietors, tax agents, company tax executives and accountants, sales managers, purchasing managers, all accounting staff.

METHODOLOGY

Power-point presentation, participant’s interaction, questions and answers

PROGRAM OUTLINE :-
  • 9am – 12.45pm : Sales Tax
  • 1.45pm – 5pm : Service Tax
    • SST Act 2018
      • Mechanism, impact on products and service providers
    • What is SST?
      • Sales Tax
      • Service Tax
    • Scope of SST
      • Which business taxable
      • Rates for sales and service tax
    • Registration & Licensing
      • Who should register?
      • The procedures
    • Threshold
      • Mandatory, compulsory, voluntary quantum for registration
    • Taxable rates
      • Rates for sales tax
      • Rates for service tax
    • Types of businesses (products and services) exempted
      • Taxable manufacturers
      • Taxable services
      • exempt businesses
    • Treatment of SST in Labuan, Langkawi, Tioman
      • How and what are the consideration for these Designated Areas?
    • Formerly LMW status businesses
      • What’s the law and procedures for LMWs?
    • Manufacturing
      • Impact of Sales tax
    • Imports
      • Importation of goods
      • Importation of services
    • Exports
      • Export of manufactured goods
      • Export of services
    • SST accounting (invoices, debit notes, credit notes)
      • Documentation
      • Accountability
      • Responsibility
    • SST Return
      • How to deal with RMCD Return
    • Penalties
      • Types of errors and fraud
      • Variable rates for offenses
    • Cash flow management
      • Consequences of accruals basis of accounting
    • Audit
      • Types of audit
    • Appeal
      • What recourse tax payers have on assessment, bill of demand?
    • Anti-Profiteering Regulations
      • What businesses should be aware of
      • Powers of government
      • Penalties
    • SST transition
      • Cross-over from GST to SST (handling matters from 1st June to 31st August 2018)
    • Post seminar support (60 days)
      • Free service provided by facilitator through email (questions and answers)
    • Challenges
      • Learning, implementing, monitoring, coping with law, accounting, returns
Your Trainer

Mr. Hari Ramulu A/L Munusamy, FCCA[UK], CA[M], CMIIA, ACTIM, Associate of ACFE[USA], Associate of MACFE, Member of MATPRO, Member of IMA, Member of MIHRM, Member of MAPS, MBA [Accounting] is a Chartered Certified Accountant, with wide experience in audit private practice and in financial/management/public sector accounting, auditing and taxation educational process, having been in the profession and industry since October 1974.

He started his career with Messrs: F.H.Eiles & Co., a firm of Chartered Accountants in London as an Audit Assistant in October 1976 (after Diploma in Accounting, Newcastle-Upon-Tyne). Subsequently, he continued his career as an Audit Supervisor with Messrs: Coopers & Lybrand (now known as PricewaterhouseCoopers), Kuantan in May 1984. In January 1986 he joined Messrs: Senthe & Co (a firm of Chartered Accountants in private practice in Petaling Jaya), as an Audit Manager, till December 2006. He had also worked as a group accountant for FARMCO Sdn. Bhd. He had lectured at various institutions of higher learning, as a part-time and full-time lecturer, from October 1988 till June 2014.

Over the years, he gained knowledge, experience, skills and expertise in accounting, auditing and taxation related services including tax investigation, forensic accounting and company valuation and floatation.

He is deemed to be a prolific speaker/presenter with excellent commendations from participants, at seminars, workshops, conferences. He has several public appearances relating to taxation, costing, budgeting, financial statements analysis, accounting standards, preparation of financial statements, financial statements fraud, forensic accounting and GST (pre and post implementation).

Professionally, he is a Fellow member of the Association of Chartered Certified Accountants of UK, a Chartered Accountant of the Malaysian Institute of Accountants, an Associate member of the Malaysian Chartered Institute of Taxation, a Chartered member of the Institute of Internal Auditors of Malaysia (affiliate of USA), an Associate member of the Association of Certified Fraud Examiners of USA, associate member of MACFE, member of MATPRO, member of IMA and a member of MAPS. His academic excellence is in the form of (a) Diploma in Accountancy (Newcastle-Upon-Tyne, England), and (b) Master of Business Administration (Accounting) from University of Newcastle, USA.

Course Fee
(Course fee is inclusive of 2 tea breaks, lunch, course material,Certificate of Attendance)
Early Bird for training in KL : ( Book Before 9 November 2018 )
1 person or more ~ RM 780 / person
Standard
1 person ~ RM 880 / person
2 persons or more ~ RM 780 / person
(Course fee is inclusive of 2 tea breaks, lunch, course material, Certificate of Attendance)
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Any cancellation must be received in writing within 7 working days prior to the event else full payment will be imposed. Any no-show by registered delegates will be liable for full payment of the program fees.
3. Disclaimer & Program Changes Policy
Scientia Training Sdn Bhd reserves the right to amend or cancel the event due to circumstances beyond its control. We reserved the right to modify the advertised topics or course timing whenever necessary.
Registration:
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