[Online] Managing Sales Tax Exemption Facilities & Scrap/ Waste Disposal
Course Information
  • 05-Aug-2021
  • Online
  • Tn Mohd Rozlan Mohamed Ali
  • Others
  • RM 650 RM 600
    Until 01 Aug 2021
  • 9:00am - 5:00pm

|| Special Topic : Understanding the Verification Procedures of the Tax Exemption Facilities for Schedule B & Schedule C with Actual Case Scenario || (A) INTRODUCTION ANY PERSON who are traders, manufacturer, registered manufacturer or whoever dealing with taxable goods under Sales Tax 2018 may eligible for Sales Tax Saving Facilities if fulfil certain conditions upon application approval. Anyway, any BREACH of approval conditions may subject to Recovery of Sales Tax by JKDM making the inventory management exempted goods becomes crucial especially if handling hundreds or thousands types of raw materials/components. On top of that, disposal of damaged goods and production scrap/waste should be properly handled to minimize any sales tax liability. (B) OBJECTIVES • Know-what is Sales Tax Exemptions • Know-how to manage tax exempted manufacturing inputs • Know-how to prepare correct approved exempted goods purchased/ imported reports • Know-how to utilize Sales Tax Deduction STD Facility • Correctly report tax exemption in SST-02 • To avoid mishandling of production scrap/waste • To encourage self-compliance and voluntary compliance (C) TARGETED GROUP • Business Owners and Company Directors • CFOs, Financial Controllers and Finance Managers • Accountants, Accounts Executives, Accounts Assistants • Business Advisors, Auditors and Internal Audit Staff • Freelance Accounting Professionals • SST Managers / Executives • Procurement / Purchasing and Logistics Managers • Warehouse Managers / Storekeepers • Other functional staff engaged in Sales Tax matters • TRADERS – who wish maximise sales tax saving (D) DATE & VENUE Date: 5 August 2021 (Thu) Time: 9.00am - 5.00pm Mode: Online/ Interactive (E) FEE HRDF Claimable | SBL KHAS] - Early Bird Offer (before 16 July 2021) - RM 550 - Special Offer (before 1 Aug 2021) - RM 600 - Normal Fee - RM 650 >> Fee includes Course Notes & Certificate of Completion and 6% Government Service Tax ** OFFER ** - 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied. (F) COURSE CONTENTS 1. Sales Tax 2018 Mechanism - A revision with latest updates - Responsibilities of Registered Person - Exemption Facilities o Types of Facilities 2. Sales Tax (Person Exempted from Payment of Tax) Order 2018 - Application for exemptions o Schedule C – Registered Manufacturer o Schedule B – Manufacturer of Exempt Goods o Schedule A – Other Persons - Approval Conditions - Approval Cancellation & Deletion 3. Managing Sales Tax Exemption - Validity of Exemption Certificates - Managing exempted goods inventory control - Breach of Approval Conditions o Goods used for other than manufacturing of taxable goods o Goods unaccounted for - Recovery Sales Tax by JKDM - Reporting 4. Special Topic – Exemption Verification Procedures - Risk determination & selecting of potential files - Cross-examined : SST-02 vs Exemption - Recovery option : SST-ADM vs BOD 5. Sales Tax Deduction Facility (STD) - Eligibility for tax deduction - Application for Registration o Approval Conditions - Application for Deductions o Manners of claiming 6. Other Exemptions/Tax Saving Facilities - Approved Major Exporter Scheme (AMES) - Drawback - Refund - Bad Debts - Remission 7. Managing Scrap/Waste Disposal - Possible causes for disposal i. Damaged goods ii. Production Waste / Scraps - Types of Disposal i. Sell – Recovery of Sales Tax by JKDM ii. Destroy – Preparation of Sijil Pemusnahan 8. Accounting for Sales Tax - Invoice, Credit Note / Debit Note - SST-02 Return & Payment i. Supplement return ii. SST-02A - Declaration (G) SPEAKER PROFILE TUAN MOHD ROZLAN MOHAMED ALI - Director, Indirect Tax, Malaysian Association of Tax Accountants (MATA) Mohd Rozlan Mohamed Ali adalah Ahli Majlis Kerja Tertinggi Persatuan Akauntan Percukaian Malaysia (M.A.T.A.) serta Pengarah Unit Cukai Tidak Langsung M.A.T.A. Berkelulusan Sarjana Pentabiran Perniagaan (Kewangan)(MBA-Finance) dari Universiti Utara Malaysia. Mohd Rozlan aktif mengendalikan seminar, khidmat nasihat serta praktikal perlaksanaan GST dan SST di seluruh negara untuk pelbagai jenis industri, syarikat dan perniagaan. Pengalaman kerja selama lebih 25 tahun dan kemahiran perakaunan memberi banyak kelebihan untuk mengatasi semua jenis masalah perlaksanaan SST2.0 – Cukai Jualan 2018 dan Cukai Perkhidmatan 2018. (H) REGISTRATION & ENQUIRY Email: SSTcourse@gmail.com Enquiry: - General (03 - 5888 7357) - Teo (011 - 3178 9203) - Logesh (012 - 503 0346) - Siti (012 - 383 8603) - Han (019 - 323 0507)