Goods and Service Tax (GST)

GST Registration

Since 1st April 2015, Malaysia implemented Goods and Services Tax (GST).

What is GST?

According to Royal Malaysian Custom Department (RMCD): “GST which is also known as VAT or the value added tax in many countries is a multi-stage consumption tax on goods and services. The basic fundamental of GST is its self-policing features which allow the businesses to claim their Input tax credit by way of automatic deduction in their accounting system.”

A person who carries on a business of making taxable supplies with annual taxable supply of more than RM 500,000 for a period of 12 months is compulsorily to be registered under GSTA.

However, a person carrying on a business of making taxable supplies can apply for voluntary registration even though he didn’t reached the prescribed threshold, i.e. RM 500,000. A person who voluntarily registers for GST is eligible to credit the GST paid or to be paid on his purchases as input tax credit and charges GST on his supplies as output tax.

We, as the licensed tax agent, will help you in the registration of GST. By providing the necessary information as requested by us, we will solve your GST registration process. You only have to wait for the GST identification and password registered.

Change of GST taxable period

GST must be submitted to GST office not later than the stipulated time, i.e. last day of the following month after the end of the taxable period.

Taxable period can either in quarterly (3 months once) or monthly basis. In some special cases, the taxable period may be six months.

Quarterly basis All taxable turnover not exceeding RM5 million.
Monthly basis Annual taxable turnover exceeding RM5 million.
Six months Special cases.

However, in order to change the taxable period due to the achievement of prescribed taxable turnover threshold, application for the change of taxable period is needed.

We do provide services in helping registrant for updating the latest information as well as the taxable period of GST. We will then follow up on the status of the amendment applied to RMCD.