SRI Z"1/<;W.11 SRI TAKADA INDUSTRIES (MALAYSIA) SDN BHD (89679-M) 1 Day In-house Training on 2"d March 2015 GST training for Construction Industries Please list all questions or topics that you would like the tax consultant to clarify fmther. Your questions will be forwarded to the tax consultant for clarification: For Example: 1. Question: What is the GST impact on imp01ied goods? Would it make the imp01ied goods cheaper or more expensive? Answer: At present, imported goods are subject to import duty and sales tax unless exempted Under GST, imported goods will still be subject to import duty but sales tax will be replaced with GST As to whether the imported goods will be cheaper or more expensive will depend on a number of factors besides the GST rate. 2. Question: How will the government ensure that the business will remit the right amount collected to the Government? Answer: GST registered persons are required to submit periodical returns and remit tax to the Government. GST Audit Team will conduct audit on the registrant periodically and when the need arises. Beside this, the GST risk management system will send out alert on high risk registrants, input tax claims or suspicious payments. Questions: I. 2. 3. Please submit this form to Irfan or email it to [email protected].
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