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Mastering Service Tax Scope and Its Implementation Mechanism

Date: 24 March 2020 (Tuesday)

Time: 9.00am to 5.00pm
Venue: Eastin Hotel, Petaling Jaya

INTRODUCTION

Service Tax since its implementation from 1/9/2018 has gone through various updates via Legislations and Policies. Requirements like Recipient Self Accounting for Imported Services for businesses, introduction of Person Exempted from Paying Service Tax order, Revised procedural guides on different industry on its service tax implications, etc., calls for all businesses to be fully aware of what are the latest requirements to be complied.

OBJECTIVES

  • Achieved detail understanding on the overall Service Tax Scope, Grouping and taxable services within each group.
  • Understand the implementation know how according to Updated Legislations and Customs Policies that happen from time to time.
  • Familiar the mechanism of Anti-Profiteering Legislations.
  • Familiar on the continuous GST adjustment requirements and its Final Audit awareness.
  • COURSE METHODOLOGY

    • Course notes and lectures
    • Participative and active, group discussions and hands on exercises.

    WHO SHOULD ATTEND?

      1. Business Owners, Company Directors, CEO & COO
      2. CFOs, Financial Controllers and Finance Managers,
      3. Accountants, Accounts Executives, Accounts Assistants.
      4. Procurement/Purchasing and Logistics Managers
      5. Other functional staff engaged in SST matters.
    COURSE CONTENT
    Programme
    SERVICE TAX UPDATES VIA THE 2019 BUDGET, SUBSEQUENT POLICIES AND PROPOSED CHANGES W.E.F 1/1/2020.
    FUNDAMENTAL AND SCOPE OF SERVICE TAX
  • Detail explanation of each taxable service grouping (group A – I) and its detail taxable service within each group.
  • REGISTRATION TO BE A REGISTERED MANUFACTURER
  • Threshold and its determination
  • Mandatory and Voluntarily registration
  • Group, Branch and Partnership registration.
  • Timing of Registrations and its effective date.
  • Single Taxable person concept
  • Registration Cancellation
  • Responsibilities of a Registered Person.
  • SERVICE TAX MECHANISM
  • Group Companies Criterial and its non-taxable service concept.
  • Person Exempted from paying service tax scope and criterial
  • Treatment of imported services and accounting for its service tax,
  • Definition of Manufacturing
  • Service Tax treatment for service provided to and acquire from:
      a. Designated Areas
      b. Special Areas
  • Introduction of Digital tax to be introduced w.e.f. 1/1/2020
  • ACCOUNTING ADMINISTRATION
  • Invoice, Debit Note and Credit Note prescribed particulars requirement.
  • Contra System
  • Standard and Specific Taxable Period
  • Filing of Returns & Payment of Tax
  • Amendment to Returns and filing of supplementary returns
  • ransaction classification code in supporting of your returns.
  • Bad Debt Relief and recovered procedures
  • Offences, Compound and Penalties
  • ANTI-PROFITEERING REGULATIONS COMPLIANCE
  • Understand its scope coverage requirements and its offences.
  • Learning their mark-up margin and unreasonable high profit calculation.
  • CONTINUOUS GST RETURN ADJUSTMENTS UNTIL AUGUST 2020 AND ITS FINAL AUDIT AWARENESS

    TRAINER’S PROFILE

    Tan Kok Tee has over 40 years of experience in financial, strategic and general management. He has held a variety of leadership and senior management roles in various organizations, the last being Group Chief Executive Officer. More than half of this time are spend in the Manufacturing Marketing & Distribution and services organization, including those with the then Inchcape Timuran Berhad, Metroplex Berhad, Perdana Industries Berhad.

    He is a Fellow member of the Association of International Accountants, UK; Member of the Institute of Public Accountants, Aust.; Member of the Chartered Tax Institute of Malaysia; Member of the Malaysia Associations of Company Secretaries, holds a MBA in Finance from Charles Sturt University, Australia and a Gold Mastery Holder in Reinventing Strategic Planning and Management from the Haines Centre for Strategic Management, sponsored by University of San Diego, USA.

    He is also a Certified Trainer with PMSB’s Train The Trainer Certificate since 2009 and a life member with the Malaysian Institute of Directors.

    Kok Tee has been involved in training and facilitation since beginning 2009. To-date he had conducted about 300 training workshops, of which more about 200 are on GST including GST Accounting for both in-house as well as public, including for Government Authorities, Chamber of Commerce, Government Link Companies, Banks, Malaysian Institute of Accountants, Chartered Institute of Management Accountants, Selangor state Human Resource Development Centre, Negeri Sembilan state Skills Development Centre, NGOs, political party as well as on behalf of various other training providers.

    He also developed delivered an Entrepreneurship program (training) specially for MBA students from GC University, Pakistan in collaboration with Sunway Education Group for period 2010 to 2014. He was also an assessor for the UTAR’s NGO strategic planning program and an invited speaker for the Asian Financial Controller’s Congress in 2009, 2010 and 2011.

    COURSE FEES

    Early bird fee: RM954 per person - Register by 17 March 2020

    Normal fee: RM1,166 per person

    – SBL claimable (Inclusive of lunch, tea breaks, notes, certificate of attendance and 6% SST)

    *Group discount of 10% available (for 3 or more participants from the same company)

    ORGANISER

    Malaysian Export Academy
    No. 86, Jalan BP 7/8,
    Bandar Bukit Puchong,
    47120 Puchong, Selangor.

    Tel : 03 8066 3107
    Fax: 03 8066 6152

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