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Companies Urged To Be Gst Compliant At The Soonest

KUALA LUMPUR, July 11 (Bernama) -- The Royal Malaysian Customs Department has urged companies and businesses to register and be Goods and Services Tax (GST) compliant at the soonest.

Director-General Datuk Sri Khazali Ahmad said the businesses, especially small and medium enterprises (SMES) should register early to take advantage of the E-Voucher Subsidy programme.

Early registrants will be given a RM1,000 E-Voucher subsidy to purchase GST compliant accounting software from suppliers who have been certified by the Customs Department.

"Do it now, when it is still quiet. Don't wait until everybody comes to register.

"At that time, you may perhaps face problems in getting a response from the Customs Department," he said in his closing address at the National GST Conference 2014 here today.

The two-day conference which ends today is jointly organised by Malaysia's national news agency Bernama and Tax Advisory And Management Services Sdn Bhd.

Businesses offering goods and services have to be registered for the GST if their annual sales turnover exceeds the prescribed RM500,000.

Voluntary registration is allowable but must remain in the system for at least two years.

-- BERNAMA




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