Quality Dynamics Consultancy Sdn Bhd presents
Managing GST Compliance and Accurate GST Reporting
- A Comprehensive Workshop for Accounts Executives and Assistants
(by Mr. Thye Foot Leong )
objectives
At the end of the training, participants will be able to:1. Gain a working knowledge of GST Rules and GST Tax Code
in compliance of GST Bill 2014.
2. Handle different types of business transactions in relation to GST
mandatory requirements, including the necessary adjustments.
3. Accurately record all accounting entries on GST Transaction and
the required records of the GST Returns.
4. What to look for in the verification checks of GST Returns before submission.
5. Avoid offences and penalties with understanding of GST Bill 2014 requirements.
program content
MODULE 1 - GST Rules• The Big Picture on GST – Principles and Concept
• GST Rules on Output Tax and Input Tax
• GST Rules on Blocked Input Tax (un-claimable Input Tax)
• Areas on risks in GST Accounting
• Establishing GST Practices to ensure proper handling of business
and GST transactions.
MODULE 2 - GST Accounting / Administration
• A Review of the 24 Tax Codes and its classification requirement.
• GST Accounting – Account entries on business transactions.
• Disbursements and Reimbursement Charging Mechanism.
• Recipient Self-Accounting (RSA) mechanism.
• Adjustments – use of Debit and Credit Notes.
• Adjustments for Bad Debts Relief, outstanding Creditors,
Gifts more than RM500.
• Preparation of GST 03 Returns for submission.
• Preparation of GST Summary required by the Customs Department
to facilitate their audit.
MODULE 3 – Verification Checks before Submission of GST 03
• Verification checks before GST submission.
• Perform Analytical Review of the Supply and Purchases Listing
with Output Tax and Input Tax computed.
• Confirming correct supporting documents for Input Tax Claimed.
• Understanding the difference between "Adjustments" and "Errors in GST".
• Common GST errors to avoid in GST Accounting.
methodology
Lecture supported with Power Point presentations, examples and Q&A sessions.who must attend
• Account Executives• Accounting Personnel responsible for the preparation of GST returns
and submission
investment fee / early bird by 29/09/2015
Standard: RM 845.00 / RM795.00 per participant
Group discount: Not Available / Not Available per participant for a minimum of 2 participants from the same company
(Fee inclusive of Refreshment, Buffet Lunch, Training Bag, Handouts, & Certificate of Completion) |
registration & payment
PROGRAMS ARE CLAIMABLE UNDER SBL SCHEME
Please register online through www.qdc.com.my or call 03-78054587 / 03-78044196. Our phone line operation hours are from 8:30am to 6:00pm from Monday to Friday.
All registration MUST be accompanied with PAYMENT.
Completed registration form with CHEQUES should be made in favor of "Quality Dynamics Consultancy Sdn Bhd" and sent to:
QUALITY DYNAMICS CONSULTANCY SDN BHD
No. 343, Block A, Kelana Centre Point, No.3 Jalan SS7/19,
Kelana Jaya, 47301 Petaling Jaya,
Selangor, Malaysia.
Tel : 03-78054587 / 03-78044196
Fax: 03-78054514
E-mail:
training@qdc.com.my
(
Wani/ Thang )
PSMB Reg: 0938
(FEE PAID IS NOT REFUNDABLE but replacement may be made at no additional cost. Quality Dynamics Consultancy Sdn Bhd reserves the right to cancel or reschedule the above course and shall inform participants of the changes)
COURSE FACILITATOR - MR. THYE FOOT LEONG
A Certified Trainer with PSMB, Thye has facilitated and trained Directors, Business Owners, Managers and Accounting Personnel on Financial Skills. His diverse background and experiences had enriched the participants understanding of the intricate subject of Financials and applying the knowledge in their areas of work for higher profitability and productivity. During his advisory work in Singapore, he has been exposed on GST matters and its implications to business operations.