UPDATES ON SST

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The government has announced that the existing Goods and Services Tax will be repealed soon. And a revised version of the previous Sales and Service Tax will be reintroduced in due time.

Transitional Issues and planning that you have to address in your business include:

1. Change of GST rate from 6% to 0% effective 1 June 2018

2. Tax Invoice

3. Registration

4. Input Tax Claim

5. Time of Supply

6. Filing of GST Returns

7. GST Special Schemes

8. Tax Codes and Mapping of Tax Codes

9. Contracts with suppliers and clients

10. Record keeping

11. Implications of SST​

 Please contact us for further advice.

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Download SST Updates here:

• Updates on the Implementation of Sales Tax and Service Tax (SST)

• List of Proposed Taxable Services

• Understand Sales Tax in 15 minutes - Salient Features of Sales Tax

• Understand Service Tax in 15 minutes - Salient Features of Service Tax