News & Update

(LATEST UPDATE) SALES AND SERVICE TAX (SST) UPDATE (20 February 2019)

Please be informed that on 20 February 2019, Royal Malaysia Customs Malaysia has made two (2) announcements with regard to Registration and Charging for the New Taxable Services and Declaration of Total Value of Exemoted Taxable Services (B2B Exemption). Click here or visit our Facebook page to see the announcements. 

Should have you any queries, please don't feel hesitate to contact our Support team at 
support@biztrak.com or call +603-8081 1269 / 8081 4932.  Stay tuned on www.biztrak.com for more updates.
 

Sales and sERVICE TAX (sst) update (FOT TAXPAYERS AND NON-TAXPAYERS)

Please be informed that in January 2019, Royal Malaysia Customs Malaysia has updated the Sales and Service Tax for both Taxpayers and Non-Taxpayers. Click here to see the update. 

Should have you any queries, please don't feel hesitate to contact our Support team at 
support@biztrak.com or call +603-8081 1269 / 8081 4932.  Stay tuned on www.biztrak.com for more updates.
 

service tax amendments 2019

Please be informed that on 31st December 2018, Royal Malaysia Customs Malaysia has revised the Service Tax treatments where the exemption is applicable for service tax registered person in Group G who acquires taxable services under Group G item (a), (b), (c), (d), (e), (f), (g), (h) and (i) from another service tax registered person in Group G. The exemption is not applicable for taxable services under item (j) and (k) of Group G. The service tax exemption is effective 1st January 2019. 
 
Download the Service Tax Amendments 2019 for details.

Should have you any queries, please don't feel hesitate to contact our Support team at 
support@biztrak.com or call +603-8081 1269 / 8081 4932.  Stay tuned on www.biztrak.com for more updates.
 

AMENDMENTS TO DG'S DECISION 1/2018 & 3/2018 AS AT 21 DEC 2018

 

Please feel free to contact our Support team at support@biztrak.com / biztraksupport@gmail.com or call 03-8081 1269 (Main)/ 8081 4932 should you require more information.


UPDATE ON SECTION 6, GOODS AND SERVICE TAX (REPEAL) ACT 2018

Please be informed that pursuant to Section 6, Goods and Service Tax (Repeal) Act 2018, all GST Registrants are required to submit the GST-03 Return on the final taxable period and make full payment for the amount of tax payable in connection with the supply, for the last taxable period within 120 days from 01 September 2018.

Thus, please make sure that Tax Return Period setting in Biztrak MSB application should be changed as per following “New Setting”:

Also, we will enhance Biztrak MSB application by providing system update and organize software training upon receiving software guidelines from Royal Malaysia Customs.

To understand more details for the GST to SST transition issues and treatment, please find the guidance at following sources.

Please feel free to contact our Support team at support@biztrak.com / biztraksupport@gmail.com or call 03-8081 1269 (Main)/ 8081 4932 should you require more information.


ANNOUNCEMENT PERTAINING TO ZERO-RATED GST RELATED MATTERS

Please be informed that latest “FREQUENTLY ASKED QUESTIONS (FAQ) TRANSITIONAL 6% - 0%” (FAQs) has been updated and posted by the Royal Malaysian Customs Department (RMC) on 31 May 2018 on its website. Please download the following FAQs for your perusal: 

Bahasa Malaysia Version: http://www.customs.gov.my/ms/_layouts/15/applikasikastam/detailspengumuman.aspx?id=336

English Version: http://www.customs.gov.my/en/_layouts/15/customapplication/AnnouncementsDetails.aspx?ID=299

Chinese Version: http://gst.customs.gov.my/en/hl/_layouts/customapplication/announcementDetails.aspx?ID=257

Following the latest announcement from the RMCD, we have also updated all the FAQ documents and steps to create new Tax Codes. Please download the updated announcements and "Things to Take Note" during the transition period of GST 6% to 0%.

Please download ALL related information from the following shared Google Drive at: https://drive.google.com/Biztrak_GSTzerorated_announcement

[Important Note] Please take note on the following known issue if new Tax Code with 0% is tagged in the Sales transactions. We will make our best efforts to fix the reports and we shall target to release it latest by 12 Jun 2018.

Issue: A Warning Message “[10084] Error: 1 - Divide by zero” prompts in following reports if new Tax Code with 0% is tagged in Sales transaction.

1. Tax Submission Report – GST-03 (Malaysia) ~ available in Biztrak MSB 12

2. Tax Submission Report – GST-03 (Malaysia) 2018 ~ available in Biztrak MSB 12 and Biztrak MSB 13 Service Pack 3

Fixed in Biztrak MSB 12 Service Pack#6 EBF#4

1. Tax Submission Report – GST-03 (Malaysia)

Fixed in Biztrak MSB 13 Service Pack#3 EBF#2

1. Tax Submission Report – GST-03 (Malaysia)

2. Tax Submission Report – GST-03 (Malaysia) 2018 - Please be informed that you should continue adding new Tax Codes in Biztrak MSB and tag it in the transactions start from 01 Jun 2018. You will ONLY require to view Tax Submission Report after “Tax Reconciliation” process.

Please feel free to contact our Support team at support@biztrak.com / biztraksupport@gmail.com or call 03-8081 1269 (Main)/ 8081 4932 should you require more information.


 

 

 

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