On the Malaysian Customs website there is a list of recommended vendors of GST compliant accounting software. The price range from 2k to more than 10k. I guess the cheaper software is for smaller companies while the more expensive ones are for larger companies. So if you have an annual turnover of 1 million, a 10k software is only 1% and it is a one off expense. As for bills, you have to print them whether you have GST or not.
" In the land of the blind the one-eyed-jack is king."
I have been to 2 GST seminars so far, GST implementation is going to be very tough for many businessmen, the businesses will create plenty of jobs, especially in manufacturing and IT. I seriously think we need to be more literate to be able to implement GST without being caught by the authority due to errors in reporting. As a literate person, I am very concern about how to implement GST in business, I can not imaging how illiterate bosses expected to handle their quarterly reporting efficiently and accurately.
About 2 weeks ago, the authority asked Chinese Newspaper to 'call' Chinese businessmen to register. When asked why in particular Chinese, the guy responded because they estimated a few hundred thousands Chinese businessmen will need to register, but they have not.
In the last 2 seminars, it seems more than 95% of attendees are from same ethnicity. I wonder what happen to other races, they are not involve in GST implementation?
I expected cost of living for the poor would be greatly affected, I felt sorry, with the current government the poor and illiterate already facing so much hardship, they are taken advantage because of their 'illiteracy and incompetency' , it will be adding salt to wound with implementation of GST. When life becoming challenging, these people who are making life difficult for the poor came in to give some money like a life saver.
Jenny,yes there will be gloomy in the nexy few years to come....About the same ethnicity,also yes,you just look around everywhere shops,factories,shopping mall..who is actually doing business?
aiyo! mo kow chor ah? Pet boarder working from home cum doggie hotel most likely no lesen one also wanna charge me gst???
What is this world coming to???
in luv with bikes...in lust with AphroditeS AWAS! Suspek is an Avid procurer to myths, lies, legends, folklores, i-ching, rumors, misinformation, cakap-ayam, spɹoʍ uʍop ǝpısdn puɐ˙˙DLL .
p/s Take all the above with a XL salted duck egg, wash down with 2fingers of sodium hypochoride, and suck on to a pebble size tmn negara Rock salt
Only company that has a GST registration number can apply GST on customer, and they can only do so through Tax Invoice.
I have yet to see the list of items that will be subject to GST, wonder if loan interest subject to GST!
For businessmen/women, if you have not find out how GST works, better do so, because come 1st April, if you supply/invoice anything without charging your customers GST, you would have to bear the GST if it is taxable.
I think people don’t know how things operate in your 1gomen now…
They are a lot of very smart people there contrary to what many believe... !!
Most are young and graduated from good schools overseas and I believe they are there because of the scholarship bond. They are the interface with outside top-notch think tank/consultant, doing the backroom works of formulating strategy and policy.... and many of them share the same surname with you and me.. !!
Those you deal with in front office or in seminar are not in the same lead. These are the ones who follow and implement what have been designed from those I mentioned earlier.