I just received a quotation for PETRONAS Diesel Euro 2-M at RM597 per MT plus 6% GST.... so at 100,000MT the total shipment will be RM59,700,000 FOB ex Tanjung Bin. GST at 6% = RM3,582,000 for product to be shipped to Tanjung Priok, Indonesia? Is this correct? Is GST claimable back?
In 12 monthly shipments, GST will come to RM42,984,00! wow!
Any GST experts here can offer comments?
From what little I know about GST, exports are exempted.... and I did a double-check with a freight forwarder friend, an accountant in PJ and a CFO in a MNC trading company.... somebody trying to do a quick one to my Indonesian partner hahaha....