The government has recently announced its new plan in replacing the existing sales and service tax with the goods and services tax (GST) starting from April 2015 onward during the budget 2014 presentation. Here at GST Accounting Software Malaysia Inspired by the government in its efforts to enhance the effectiveness of the current taxation system, GST is expected to be much more efficient, transparent, and friendly to businesses –highly essential in eliminating all SST weaknesses.
Below are some frequently asked questions:
Will GST affect my business?
Yes, most likely. GST may have different effects on different businesses due to its broad-based consumption tax nature.
With GST, tax payment is performed by intermediary parties from product manufacturers to distributors.
I am interested. How do I begin?
Great! You have 14 months left to learn more about the principle and mechanism of the GST module. With plenty of useful seminars on the new system, you can start preparing your business for the next level. In addition, you may also want to consider QnE Software, a GST Accounting Software Malaysia and a GST tool that helps you monitor your GST records and generate important reports for audit and decision making purposes.
Should I use QnE business software as a GST tool?
GST transactions are similar to all business transactions. Likewise, you need to have your business transactions recorded in order to comply with GST. Using our GST compliant malaysia business software is highly recommended.