GST Compliance Preparation

I personally recommend  'An Uncle's Guide to GST' book published by Choong Kwai Fatt, explains the concepts and mechanism of the GST and unlocks the complexity and technicalities of Malaysia GST's Model. It's a basic understanding to cover the important parts of GST.

GST is becoming more intense and pressure getting nearer for coming April 2015. Penalty awaits ahead for the late registration of GST and the late payment of GST. There are eight (8) type of GST Custom audit, would be carry on from time to time.

a) Desk audit - checking and verifying information on GST return

b) Refund audit - verifying refund claim

c) Transaction audit - verify transaction exist and correctly complied and reported

d) Advisory audit - provide advisory GST education encourage voluntary compliance

e) Compliance audit - comprehensive audit conduct on all transaction

f) Cancellation audit - comprehensive audit all transaction before any cancel GST registration

g) Special audit - determined by DG

h) Large Taxpayer Unit (LTU) Audit - ensure their full compliance to GST legislations.

There would be no modification is allowed after submit of GST for the respective period, and the GST compliance software is recording any amendment made to the accounts. Internal Control such as password, security and locking transaction is needed for proper implementation.

The impact is not merely on the 6% calculation but with the work of documentation, procedure and transparency towards custom for a monthly basis (for those who submit monthly) and for quarterly basis (for those who submit quarterly).

Performing an accounting work no longer a delay work, but to rush all the supplier invoices / credit note / debit note and as well as to invoice / credit note / debit note to customer at a timely manner. Business owners or any directors which has at least 20% of the ordinary shares is liable for the payment of tax due and payable by the company, any problem with that the income tax would put directors on hold for travel overseas. The travel status is found from the income tax website.

Though it is not stated clearly, but input tax and output tax has indicated that the Inventories system available in the GST compliance software would point out the actual stock quantity balance.

Well through the end of the financial year, the figure going towards custom has to be reflected into financial statement for the income tax.

As for the ICT part of the implementation, the deadline for the submission GST is the indicator that the ICT section has to be in a working condition for a long time, such as breaking down of PC/Server/Virus attack would probably delay the submission, before it happens, ICT section has to be well-planned such as who you are looking for.

During the implementation of GST on April 2015, there would be also a completing 2014 accounts during the same period. Therefore 2014 is a year for planning and execution if not 2015 would be a busy year.

Below is some guideline for those involve in the business and accounting work. I do offer services below, but a brief understanding between the services and the condition of the companies is needed.


You may reach me at stevenglobal@yahoo.com



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