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Introduction This course is geared towards tackling real issues faced by the industries on various types of supply and purchases, in particular on drop-shipment sale & other issues specific to manufacturing sector.
It includes mapping of Tax codes on GST-3.
Participants are also delighted to gain an insight and understanding on the various types of Customs Audit conducted by the Customs Department and be equipped with enough knowledge on how to deal with the GST auditors and thus minimizing risk exposure and avoiding tax liabilities.
Last but not least it assists aggrieved companies on the appeal procedure against decision made by the Customs Director General.
FMM Institute (475427-W), Penang Branch 2767, Mk 1, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Seberang Perai Tengah, Penang Tel: 04 – 3992057 Fax: 04 – 3994863 E-mail: [email protected] /[email protected]
[GST ID: 001764515840]
FIRST COME, FIRST SERVE BASIS!!
LIMITED 30 SEATS
Goods & Service Tax for Manufacturing Sector:
Issues, Problems and Solutions plus Customs Audit
What is a taxable supply?
A legal viewpoint & GST imposition
Supply (Sale)
LMW:
1) LMW –LMW; 2) LMW-FIZ; 3) LMW-FCZ; 4) LMW-PCA; 5) LMW-oversea 6) Drop shipment sale ( local and oversea);
Calculation of GST and import duty and Customs forms. Illustration by example
FIZ:
1) FIZ-LMW; 2) FIZ-FIZ; 3) FIZ-FCZ; 4) FIZ-PCA; 5) FIZ-oversea; 6) Drop shipment sale. Calculation of GST and
import duty and Customs forms. Illustration by example
PCA:
1) PCA-LMW; 2) PCA-FIZ; 3) PCA-PCA; 4) PCA-oversea. 5) How to impose GST and Customs forms.
Illustration by example
Bonded warehouse:
1. Locally produced goods deposited by LMW and subsequent sale. Illustration by example
2. Imported goods deposited into a bonded warehouse and subsequent sale. Illustration by example
FCZ:
1) FCZ-LMW; 2) FCZ-FIZ; 3) FCZ-PCA. 4) GST imposition & Customs forms Illustration by
example Sale of goods under the possession of the supplier:
1) Export and local. Illustration by examples
Out-of-scope sale.:
Illustration by examples
Sale from East Malaysia to West Malaysia and vice versa:
1) Sale from East Malaysia to West Malaysia by LMW to oversea but drop ship to a LMW buyer in West Malaysia. Illustration by example
~SBL Scheme ~
Claimable from HRDF
Goods & Service Tax For Manufacturing Sector: Issues, Problems and Solutions plus Customs Audit
Purchase
LMW:
1) LMW-LMW; 2) LMW-FIZ; 3) LMW-PCA. 4) LMW-FCZ 5) LMW purchased goods from an oversea supplier but drop
ship to its buyer in Malaysia. 6) LMW-oversea
PCA:
1) PCA-LMW; 2) PCA-FIZ; 3) PCA-FCZ; 4) PCA;PCA; 5) PCA-FCZ 6) PCA-oversea
FIZ:
1) FIZ-FIZ; 2) FIZ-FCZ; 3) FIZ-PCA; 4) FIZ-LMW; 5) FIZ-oversea
Bonded warehouse:
1) Manufacturer made purchases from a bonded warehouse (imported goods)
2) Manufacturer made purchase from a bonded warehouse ( locally produced)
GST Tax codes :
Sale
Purchase
Imported services
Customs audit
Types of audit
Audit strategy
Documents, books and records for audit
Assessment
Fraud and tax evasion
Appeal system
Appeal to Director General
Appeal to GST Appeal Tribunal
Appeal to high courts
Q & A
Conclusion
GST on goods in transit
1) Type of sale which can be treated as transit sale GST on Subcontract (LMW,FIZ & PCA)
1) Farming in: Customs legislations and documentation 2) Farming out: Customs legislations and documentation 3) Subcontract to a third party 4) ATMS and related issues
Other issues:
1) Locally produced goods exported and subsequently re-imported for re-work. How to claim GST relief and import duty exemption. GST-3 entry
2) Machinery and equipment exported for repair and calibration and subsequently re-imported. How to claim GST relief and import duty exemption
3) Goods damaged and returned from local buyer. Credit note , tax invoice and GST-3 entry
4) Imported service and GST-3 entry 5) Importation of raw materials not in the ATS listing, how to
resolve ? 6) Supply of mould and equipment on behalf of the buyer and
its GST implication
~SBL Scheme ~
Claimable from HRDF
Goods & Service Tax For Manufacturing Sector: Issues, Problems and Solutions plus Customs Audit
Trainer
Mr Goh Kin Siang is the Deputy Director of Customs, retired. He has 35 years of working experience
in many areas such as import, export, sales tax, customs port, service tax, excise, drawback and refund,
petroleum, finance, industry (LMW, Sec 14.2 & Free Zone), preventive etc. He was the
o Superintendent of Customs Johor Bahru
o Assistant Director of Customs (Internal Taxes) Kuantan
o Lecturer Academy Customs of Malaysia, Malacca
o Senior Assistant Director of Customs, Sarawak
o Senior Assistant Director of Customs, Export Section, Complex Customs Tg Puteri, JB
o Senior Assistant Director of Customs I & II Industry & Internal Tax Division, Malacca
o Deputy Director of Customs, Headquarters, Putrajaya
COURSE OBJECTIVES:
a. Understand the various kinds of supply (sale),
its GST implications & ways to resolve the GST
implications.
b. Understand the correct GST imposition &
Customs documentations on sub-contract
work ( in and out).
c. Know the types of purchases and their GST
implications.
d. Understand the Customs audit and ways to
resolve the audit query
e. Learn the right appeal procedure to GST
Appeal Tribunal if you are aggrieved by the
Customs decision.
Who should attend?
All manufacturers ( LMW,FIZ, ex-SALES TAX, Holders of Treasury/Mida tax exemption), importers, exporters, managing directors, warehouse operators, accountants, sale manager, purchase manager, shipping and logistic manager, company executives, forwarders and traders, etc. Administrative Details Date: 8 June 2016 (Wednesday)
Time: 9.00am to 5.00pm Venue: Sunway Hotel, Bandar Seberang Jaya,
Fees: Member – RM583.00 per participant (Inclusive 6% GST)
Non- Member – RM689.00 per participant (inclusive 6% GST) Discount: 10% - Registration of three (3) pax & above
Fees include course materials, Certificate of Attendance, lunch and
refreshments)
Goods & Service Tax For Manufacturing Sector: Issues, Problems and Solutions plus Customs Audit
Completed registration form, faxed, mailed or e-mailed to FMM Institute would be deemed as confirmed. There will be no refund or cancellation within 2 days prior to the programme, 50% refund for cancellation between 3 – 6 days and full refund for cancellation 7 days prior to the programme. However, replacement can be accepted at no additional cost. The FMM Institute reserves the right to cancel or re-schedule the above programme and all efforts will be taken to inform participants of the changes. Closing date for registration is on 30 May 2016.
For further details please contact: FMM Institute, Penang Branch Tel: 04-3992057 Fax: 04-3994863 Attention: Ms Sharrlini/ Mr Remes E-mail: [email protected]/ [email protected] Dear Sir/Madam, Please register the following participant for the above programme: 1. Name :_____________________________________________________
Designation : ___________________________________________
I/C. No.: ________________________________________________
Email:___________________________________________________ 2. Name :_________________________________________________
Designation : ___________________________________________
I/C. No.: _________________________________________________
Email:____________________________________________________ 3. Name :___________________________________________________
Designation : ___________________________________________
I/C. No.: __________________________________________________
Email:_____________________________________________________
4. Name :___________________________________________________
Designation : ___________________________________________
I/C. No.: __________________________________________________
Email:_____________________________________________________
Enclosed cheque / bank draft no. _______________________ for RM_________________ being payment for _____________ participant(s) made in favour of “FMM Institute”
Payment can also be banked in at Maybank [FMM
Institute: 507406504556]
#Kindly scan and mail us the bank slip after payment
Submitted by :
Name:_______________________________________________________
Designation:________________________________________________
Company:___________________________________________________
Address:____________________________________________________
______________________________________________________________
______________________________________________________________
_______________________________________________________________
Tel :__________________________________________________________
Fax:__________________________________________________________
Email:_______________________________________________________
Membership No. : _________________________________________
Registration Form
Goods & Service Tax For Manufacturing Sector: Issues, Problems and Solutions plus Customs Audit
8 June 2016 (Wednesday)
Sunway Hotel, Bandar Seberang Jaya
FMM Institute (475427-W), Penang Branch 2767, Mk 1, Lebuh Tenggiri 2, Bandar Seberang Jaya, 13700 Seberang Perai Tengah, Penang Tel: 04 – 3992057 Fax: 04 – 3994863 E-mail: [email protected] / [email protected]
[GST ID: 001764515840]