GST Training

Goods & Services Tax (GST) in Malaysia

During the Budget 2014 on 25 Oct 2013, Malaysia government announced the implementation of GST to be effective on 1 Apr 2015. What is your understanding about GST and how will it affect your business? How you can implement GST effectively? This training program will provide you a better understanding about GST and how you can effectively and efficiently implement GST to minimize business disruption. This email address is being protected from spambots. You need JavaScript enabled to view it.

GST Training Schedule

GST for Accounting Treatment & Effective Implementation Process
http://www.mia.org.my/new/1_event_detail.asp?id=EDUCO150527
21-22 Jan 2015: Kuala Lumpur, MIA
11-12 Feb 2015: Kuala Lumpur, MIA
3-4 Mar 2015: Kota Kinabalu, MIA
5-6 Mar 2015: Kuala Lumpur, MIA
18-19 Mar 2015: Johor Bahru, MIA
9-10 Apr 2015: Kuala Lumpur, MIA
13-14 Apr 2015: Kuala Lumpur, MIA
13-14 May 2015: Kuala Lumpur, MIA
27-28 May 2015: Ipoh, MIA
8-9 Jun 2015: Melaka, MIA
10-11 Jun 2015: Johor Bahru, MIA
15-16 Jun 2015: Kuala Lumpur, MIA
 
GST Implementation for Private Education Services Industry
http://www.mia.org.my/new/1_event_detail.asp?id=EDUCO150108B
8-9 Jan 2015: Kuala Lumpur, MIA
 
GST Implementation for Oil & Gas Industry
http://www.mia.org.my/new/1_event_detail.asp?id=EDUCO150115A
15-16 Jan 2015: Kuala Lumpur, MIA
 
GST Implementation for Private Healthcare Industry
http://www.mia.org.my/new/1_event_detail.asp?id=EDUCO150209
9-10 Feb 2015: Kuala Lumpur, MIA
 
GST Implementation for Retail Industry
http://www.mia.org.my/new/1_event_detail.asp?id=EDUCO150204A
4-5 Feb 2015: Kuala Lumpur, MIA

About the Facilitator

Tiffany has over 16 years’ of working experience in a wide range of roles in finance. She was the former Financial Controller for INTI Education Group, Malaysia (part of Laureate International Universities, USA). She also worked as a Regional Accountant in Singapore and had been posted to several countries such as China, South Korea, India, and Japan. She’d worked for a few large MNC in the retail, bulk logistics, computer hardware, and civil engineering industries. Tiffany holds an Honours Degree in Applied Accounting from Oxford Brookes University, UK and is a member of the IFA, UK.

Tiffany has more than 10 years hands-on experience in GST/VAT and the experience in setting up GST/VAT practices across few Asian countries. She has spent more than one thousand hours conducting GST courses for both public and in-house training for MNC, leading private companies, public listed company, statutory bodies and accounting profession firms. Currently, she is involved with GST implementation for leading Government Link Company and oil & gas MNC.  

She is also a Financial Coach offering Money Smart Camp educating youths, teenagers and kids about good money management habits. Her books and programs were featured on Malaysia’s BFM 89.9 Business Radio Station, Hypp TV Capital Channel 420. She is also a columnist for New Straits Times educating kids about money.

Goods & Services Tax (GST) Implementation for Oil & Gas Industry

Malaysia has officially announced the implementation of Goods & Services Tax (GST) to be effective on 1 Apr 2015. These bring a significant impact to the operations and cost structure to the oil and gas industry; particularly the inventory and cash flow management due to timing difference in GST return versus payable to or claimable from government. Despite upstream activities mostly based in Designated Area and JDA, GST is chargeable on certain purchases and services consumed in Malaysia. Downstream activities can be extensively affected by the difference nature of GST treatment towards inward movement of feedstock, outward transfer of refined petroleum products. Retailer who operating a service station will be impacted on goods and services provided to consumer. With the understanding of GST mechanism and proper implementation of GST treatment in the accounting and POS system, this will ensure efficient and accurate GST return, better inventory, and cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Private Education Services Industry

With the implementation of Goods & Services Tax (GST) effectively on 1 Apr 2015, the charging mechanism of standard rated and exempt supply for various type of fees collection may potentially results in lower profit; in addition to the non-claimable input GST credit. It raises issue of cash flow management on how Input GST can be claimable, and a better pricing model mechanism to minimize the impact to the organization bottom line. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Private Healthcare Industry

The implementation of Goods & Services Tax (GST) will significantly impact the operations and bottom line of the private healthcare industry. In the complex nature of standard rated and exempt supply charged on various services, input GST credit needed to be apportioned. This will potentially result in lower profitability; cash flow may be stretched arising from the payout timing in GST return versus the amount claimable from the government.

With the understanding of GST mechanism and proper implementation of GST treatment in the accounting and other operating modules, this will ensure efficient and accurate GST return, better pricing model mechanism, and cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Property Development & Construction Industry

The implementation of GST impacts significantly to the operations and cost structure of Property & Construction Industry. Due to its complex nature scope of GST, materials and cash flow management will be a great concern when you file for GST return versus payable to or claimable from government. With the understanding of GST mechanism and the input tax credit, this will ensure efficient and accurate GST return and better cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Retail Industry

The GST for retail industry will impact the operations and cost structure, particularly the inventory and cash flow management due to timing different in GST return versus payable to or claimable from government. With the understanding of GST mechanism and proper implementation of GST treatment in the accounting and POS system, this will ensure efficient and accurate GST return, better inventory, and cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Manufacturing Industry

The GST for manufacturing industry will impact the supply chain management, particularly in the area of raw material and inventory. The cash flow management will be affected depending if a scheme is used; and the timing different in GST return versus payable to or claimable from government. With the understanding of GST mechanism and proper implementation of GST treatment, this will ensure efficient and accurate GST return, better supply chain management, and cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) Implementation for Travel, Leisure & Hospitality Industry

In the recent GST update for hospitality industry and similar establishment, the operations and cost structure will be impacted for making standard rated and exempt supply. Not all input GST is claimable resulting from exempt supply. This will potentially lower the profitability; cash flow may be stretched arising from the payout timing in GST return versus the payment from debtors.

With the understanding of GST mechanism and proper implementation of GST treatment in the accounting and the operating procedures, this will ensure efficient and accurate GST return, better pricing model mechanism, and cash flow management. This email address is being protected from spambots. You need JavaScript enabled to view it.

Goods & Services Tax (GST) for Accounting Treatment & Effective Implementation Process

Goods & Services Tax (GST) will be implemented with effective on 1 Apr 2015. This brings significant impact to the profits, cost structure, and cash flow impact to most industry especially to the exempt supplies industry (mixed supplier).

This program is to help organization effectively implement GST to minimize business disruption, maintain business profits, and effective cash flow management. The program will walk through the process of pre-implementation, actual implementation and GST life observation, and lastly, the post-implementation evaluation process. Treatment of accounting adjustment and entry will be discussed and practiced based on different industry scenario. This email address is being protected from spambots. You need JavaScript enabled to view it.

TESTIMONIALS FROM PARTICIPANTS:

‘The training is well explained and the trainer adequately covers the knowledge of GST to participants. She is able to solve the GST query on the spot which relates to my job.’ Accounting Executive, Banking Automation Software Provider

‘The trainer provided very detailed explanation. I have no accounting background and now I learned about how GST can affect company Cashflow position.’ Sales Admin Officer, FMCG MNC

‘I obtained very good knowledge from this training; specifically the materials are very relevant to my current work situation.’ Supply Chain Management Executive, Oil & Gas Industry

‘The case study used in the training provided me a very good understanding which connects to the real life experience.’ Finance Executive, IT MNC

‘The Q&A session gave me the chance to clarify the doubts about GST compare to other GST training which were taught in a lecture format.’ Management Accountant, Government Consortium

‘The training was conducted in a very interactive way especially the case study used had helped me in better understanding about GST.’ Head of Accounts & Finance, Bulk Logistics Assets Provider

‘The case study and exercise helps me to understand the GST subject much better. The trainer has vast knowledge of the topic. She is very experienced trainer.’ Head of Finance & Admin, Venture Capitalist Fund

‘The GST topic is very new and very interesting to learn. I gained very good knowledge from this training.’ F&A Accountant, REIT Fund

‘The case study and example given are very useful to my job especially in the field of procurement.’ Head of Procurement, IT MNC

‘Easy understanding on the topic and direct communication with the trainer gave me the added advantage to learn about GST implementation.’ F&A Accountant, REIT Fund

‘I like the interaction with the trainer and the participation in case study gives me a clear understanding about GST.’ Senior Finance Manager, Insurance Broker MNC

‘The materials provided are very good, and the trainer presents it in an easy to understanding way.’ CFO, Bulk Logistics Assets Provider

‘The content and awareness of GST is very well layout. It seems easy to understand, despite the ‘hooha’ of GST portaged by the public.’ CFO, Oil & Gas Company

‘The trainer shared the best practise of accounting treatment in implementing good GST practise.’ Finance Executive, FMCG MNC