brochure gst implementation for retailing, trading & manufacturing (23 jan 2015)
DESCRIPTION
GST Implementation for Manufacturing & Trading Kuala Lumpur course by Synergy TAS. With Dr Choong Kwai Fatt being its speaker. Visit www.synergytas.com/gstimplementation or www.synergytas.academy/gstimplementationTRANSCRIPT
To ensure you
GST :
IMPLEMENTATION For Retailing, Trading & Manufacturing
- Registration and Compliance
23 January 2015 ( 9 – 7 PM ) |
DR CHOONG KWAI FATT |
ALOFT, KUALA LUMPUR SENTRAL
www.synergytas.com/gstimplementation
HRDF Claimable (Subject to employer’s application to PSMB)
10 CPD
GST is Malaysia’s new tax system which affects
all walks of life, it will change the way we do
business, purchasing policies and record
keeping be it a small or multinational
companies.
Synergy TAS Bringing you the best seminars in town...
THIS COURSE COVERS CORE AREA OF GST,
IT IS APPLICABLE TO RETALING, TRADING &
MANUFACTURING.
BEFORE YOU EMBARK ON GST IMPLEMENTATION
WELCOME
We are thrilled that you are interested in GST
Implementation for Retailing, Trading &
Manufacturing, the GST course is created exclusively
for commercial companies, particularly from the
industry from retailing, trading & manufacturing.
Our mission is to help you expedite the learning curve.
The solutions to problem which will eat into the
already limited time left for GST implementation
which at this point you may not even know it exists.
Whether you are new to GST or have attended the 10
days GST course conducted by Royal Malaysian
Customs (RMC). We are here to enable your business
to be turned into an even more profitable one by
incorporating the missing key ingredient to GST
implementation.
Best wishes,
Synergy TAS
To ensure participants derived maximum
benefit during each GST Implementation
seminar, we alter the content according to
burning questions submitted and the industry
from retailing, trading and manufacturing.
3
Well researched content to
shorten your learning curve
Provide step by step approach to ease GST Implementation
An examination of answer to tough yet practical questions
by Retailer, Trader and Manufacturer
Guide to selection of GST software
Guide to avoid pitfall in GST Implementation
Identify potential technical errors in GST implementation
SEMINAR’S
OBJECTIVE
4 Objective
6 What is the seminar about
8 Why this seminar is special
9 Who is it for
10 About speaker
12 Program timeline
15 Pricing
16 How to enrol
18 Contact us
Table Of Content
5
GST IS COMING FOR REAL
Since the announcement of GST to be implemented with effect from 1 April 2015 and the gazetting of GST Act 2014, GST seems to be a nightmare haunting for some businesses and also the driving force for GST Implementation especially on business entrepreneur, corporate directors,
and also those involve in administrative matters, not forgetting the accountants with the increased workloads and GST risks.
GST
6
“ The "time bomb" is
ticking and requires
business operator and
decision maker to act
immediately to guard
against easily avoided tax
risk and loss out on tax
planning opportunities. “
Ease your transition into the new tax era of Goods and Services Tax.
Malaysian taxation will never be the same. It does not only change the
tax law, it will also change the way we do business, record keeping and
documentation
GST
7
∞
This is not your ordinary GST seminar_
We focus on “how-to” implement GST for Retailer, Trader and Manufacturer
GST is growing on a
continuous and progressive
manner, with new guides
and ruling being introduced
by Royal Malaysian
Customs (RMC),
the content listed is
not exhaustive,
it will be further expanded.
GST Implementation for Retailing, Trading and Manufacturing’s comprehensive content, with the objective to get
you ready for GST implementation. As opposed to the conventional and general “knowledge” based seminar
which provide the answer to “what is” GST, this event is designed to provide the highly sought depth and answer
to tough implementation issues.
NOT THE ORDINARY WHAT IS GST SEMINAR.
When you look at the content below, please see them from the perspective of “how to” implement GST.
Module 1 : Foundation to GST [Question of Supply]
(a) The technical concern of GST being a consumption tax
(b) The implication of supply, mix supply and deemed supply
(c) Valuation concept on supply
(d) Rate of GST : standard rate, zero rated and exempt
Module 2 : Invoicing & output tax
(e) Designing tax invoice to capture GST output and
other invoice’s features
(f) Advanced aspect to GST treatment on goods returned,
treatment of stock written off
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Module 5 : Registration & GST
Compliances (GST returns and
payments)
(l) Whether to obtain GST
registration with RMC office
and obtain a voluntary
registration
(m) Go or not to go for group
registration
(n) GST Compliance matters
Module 6 : Contentious issues
(o) The scope and meaning of a
“good accounting system” as
required by Royal Malaysian
Customs
(p) Technical errors possible to
be accounted with GST
implementation
(p) Various contentious issues
submitted as burning question
(HOT!!!) – This is our favorite part
of the event, where practical and
Module 3 : Computation of
Input tax credit
(g) Identifying purchases and
overhead expenses (with
GST paid), that can qualify
for input tax refund/credit
to be deducted from GST
output
(h) Question of gift and
promotional expenses
(l) Incentive scheme of
manufacturers
Module 4: Transitional issues
(j) Treatment of bad debts
(k) Transition from existing
indirect tax into GST
The workshop
also includes
GST administration on:
(a) How to carry out GST returns, book recording, and
payment of GST
(b) Claiming a refund on GST paid on input
(c) Group registration for GST
As more implementation matter is announced by RMC, the content will be updated.
Knowledge is important; Implementation plan is also the main focus for this seminar.
9
Who is it
for_
GST Compliance Officer
(Personnel involved in
implementing GST) The one who is given the honours and duty to figure out how to implement GST in your organisation.
Decision Makers (CEO, CFO, General Manager and Financial Controller) Major changes and substantial decision making has to be made to embed GST into company’s activities and affect substantial buying , selling and conclusion of contracts.
Administrative managers You are the one who will oversee the purchase and distribution of goods in your company. It is the right time to learn up on the implementation of GST. How your action need to be refined to embed GST system into your operation.
Professionals (auditor, tax agents and company secretary) The advisors to businesses please gear up and patch up your dose of GST knowledge and implementation action plan. Auditor has a substantial role to play during transitional period. The next level is GST for Practitioner.
Accountants Applying a new MFRS is tough enough, what more a whole new GST system which is transactional based and cut across all transactions in your entity. The record keeping and recording of historical transaction has a new role to play, it is paramount important for you to understand all the ins and outs of GST implementation. How it will affect your documentation from now onwards and all the compliance requirements and thresholds table involved. There are ample work to prepare before the shift.
IT personnel For those involved in designing software that
is to be used in GST implementation.
Implementation of GST is transactional based. The aid of accounting software with GST’s features has never been so crucial for taxation until now
THIS SEMINAR COVERS CORE AREA OF LEARNING FOR GST,
FOR RETAILING, TRADING & MANUFACTURING INDUSTRIES. * APPLICABLE EVEN TO THOSE WHO HAVE NO BASIC KNOWLEDGE ABOUT GST.
BUT UNDERSTANDING OF DOUBLE ENTRY IS RECOMMENDED.
10
About Speaker_
Get to know more about your wonderful speaker
DR CHOONG KWAI FATT is the pioneer in GST. He is appointed by the Ministry of Finance as one of the panel members reviewing tax reforms in Malaysia, inclusive of the formulation of GST. With his research work on GST being published in 2006 and articles in 2007.
He has more than 24 years’ experience of providing consultancy services to listed companies, audit firms and the Government. Dr Choong is a highly sought GST & tax consultant and speaker. He is highly qualified with both professional accounting qualification and legal qualification. With chartered accountancy from 6 professional bodies and called to bar as an Advocate and Solicitor in Malaysia. Also an avid researcher equipped with a PhD in taxation.
He has won various awards for excellent in tax research and published GST & taxation articles in reputable
journals in and outside Malaysia. His research works have been quoted in many tax cases and have
influenced the formulation of tax policy in Malaysia.
He is known by attendee of his seminar as a man with heart of gold. He is passionate about helping the tax
professionals, accountants, senior executive, lawyers and business owners to enhance in taxation skills,
knowledge and wealth through mitigating of GST risk and implementation. Having more than 20 years of
experience in public speaking, participants love him for this passion in taxation and ability to make complex
tax concept understandable by different walks of life.
He is the expert of experts in terms of GST & tax planning, where he provided advice and personally trained
corporate accountants and professional firms on tax planning and GST implementation. Get ready to take
good notes when you attend his GST implementation seminars. DR CHOONG KWAI FATT
Tax Consultant, Advocate and Solicitor (High Court of Malaya)
B.Acc(Hons)(Malaya),LL.B(Hons)(London), CLP, MCL(IIUM),PhD(IIUM), FCCA(UK), CPA(M), CA(M), ACA(ICAEW), , CA(Aust.),CPA(Aust.), CGA(Can), FCCS.
What people says about him :
“This is so worth it.”
“Good job, good job”
11
Get
POINT TWO : GREAT MATERIALS
This is an industry specific GST Implementation
seminar organized by Synergy TAS. It is foreseen to
be taken up very quickly.
We place emphasis on providing great materials.
We give structure to what you need to learn, by
inserting the context.
In addition, the content of the seminar is
customized according to attendee of the seminar.
Dr Choong prepares the seminar material based
on questions raised within the industries. As such
the contents expand according to attendee with
focus being placed on GST concerns faced and its
solution presented during the seminar.
3 THINGS YOU SHOULD KNOW BEFORE ENROLLING FOR THIS EVENT
POINT THREE : WE LISTEN TO YOUR CONCERNS
Most seminar focus on one side communication,
the speaker speaks while you listen. In GST
Implementation, we focus on you, listening before
we speak.
We crafted a special section where you can submit
your “burning question” before attending the
seminar. It is our fundamental policy to provide
answer to your technical GST questions. Where we
will based on burning question submitted to
expand on the content presented during seminar.
2 hours is allocation to address burning GST
questions.
GST Implementation is the most highly demanded
GST seminar, and we know the reason why.
POINT ONE : UNIQUE CONTENT,
OUTSTANDING SPEAKER
Other GST seminar focus on just scratching
the surface of “what is GST”, we specifically
design this seminar to be practical in nature.
We focus on not just “what is GST”, also on
“how to implement GST”.
Conducted by renowned speaker, author
and consultant, Dr Choong Kwai Fatt. His
experience as member of Malaysia tax
review board is invaluable.
12
Programme Timeline_ 23 January 2015
The estimated timeline to master GST implementation and registration concerns
8.30 AM REGISTRATION & BREAKFAST
(BREAKFAST PROVIDED)
9.00 AM GST registration with Royal Malaysia Customs (RMC)
and obtain a GST license
Concept of “consumption” tax and its mechanism
Designing tax invoice to capture GST output
Identifying purchases and overhead expenses (with
GST paid) that can qualify for input tax refund/credit
to be deducted from GST output
10.15 AM BREAK (SNACKS PROVIDED)
10.30 AM Studying whether group registration is beneficial for
your company
Suggesting software to be used for GST compliance
Treatment of bad debts
12.30 PM Lunch (Meal Provided) / Friday Prayer
2.00 PM GST treatment on goods returned, treatment of stock
written off
23 January 2015
13
Claiming a refund on GST paid on input
Group registration for GST
5.00 PM Q & A Session
7.00 PM
End of live event
Transition from existing indirect tax in GST
The scope and meaning of a "good accounting
system" as required by Royal Malaysian Customs.
GST Rates: standard rate, zero rated and exempt
3.00 PM BREAK (SNACKS PROVIDED)
3.15
How to carry out GST returns, book recording, and
payment of GST
Group registration for GST
Burning Question
Highlight of this event is the 2 hours Q & A session. Where participants
will address their GST concerns and get them answered by Dr
Choong. Various companies have found this to be extremely useful
and practical, the opportunity to tap into the speaker’s insight on
issues arising in their company is priceless. Email us two of your GST
Burning Questions to be addressed by the speaker during Q & A
session after payment is made.
Send us your burning
questions on GST !
14
Why participants love us_
May be you will like us for the same reason
Content not exhaustive
Taxation is a field which grows
continuously be it arising from
the parliament, the court or the
Custom authority. As such the list
of topics covered is not
exhaustive. We will add on new
current topics as it arises until the
event day to ensure we bring you
a seminar packed with maximum
GST implementation ideas.
4 hours Q & A
This is the highlight of the event.
2 hours of non-stop QUESTION AND
ANSWER by the expert on your GST
concerns on each day of the seminar.
GST implementation is about knowing
the strategy to apply in specific
scenario to maximise tax saving in a
legal manner. Sharing of such
experience is vital to both
practitioners and decision maker / GST
implementer.
HRDF claimable
Seminars conducted by Synergy
TAS are eligible for HRDF claims
under the Skim Bantuan Latihan
(SBL) Scheme, subject to prior
application to HRDF by the
employers and its approval.
Expert of the experts
We engage Dr Choong Kwai Fatt to
conduct this GST seminar. Tap into
the creative yet practical mind of
Dr Choong.
10 CPD
10 CPD is awarded and certification.
Our participants came from
different professional bodies. We
provide you with a certification
accepted by the various professional
bodies.
15
.
1 -2 pax 3 – 4 pax 5 or more
Register Register Register
RM100 off RM200 off
*RM 980
*RM 880
Pricing_
Seminar fee is at RM 1,280.
With group registration at RM 100 for registration of 3 – 4 pax. 5 or more pax enjoy RM 200 off.
*Early Bird Discount of RM 200 off (Ends on 31.12.2014)
RM 1,180
*RM 1,080
16
01
REGISTER
ONLINE
Visit our website
to fill up the
registration form
online
02
INVOICE
When you submit
the registration
form, an invoice
will be generated
automatically
and delivered
through email to
the person listed
as contact person
for billing.
03
BANK IN
SLIP
Upon making payment
into our acount, please
email the bank in slip to
Pay to : "SYNERGY TAS"
[Maybank :
5141 7863 3603]
04
EVENT
REMINDER
One week before the
event we will remind you
again through email,
SMS or call
Synergytas.com/gstimplementation
$ i
HOW TO ENROLL FOR THIS EVENT
WE ARE GOOD
AT WHAT WE DO
BECAUSE WE
ARE PASSIONATE
ABOUT IT
See you on 23 January 2015
Synergy TAS Bringing you the best seminars in town...
Suite 153, PG-15A,
Ground Floor, Jaya 33,
No. 3, Jalan Semangat, Section 13
46100 Petaling Jaya, Selangor,
Malaysia.
P. (016) 302 6109 / (019) 311 0625
w. www.synergytas.com/gstimplementation
Contact us for any clarification.
We look forward to seeing you.