Description
For REP’s, Member staff and Group (3+)
registrations, complete & email registration form to
cpd.malays
ia@cpaaustralia.com.au
Download brochure & registration
form
This workshop provides an indication to the general approaches available to GST planning and also helps to develop the thought processes to identify and deal with GST opportunities and problems.
KEY TOPICS COVERED
GST planning
• Overview of GST planning
• General approaches to GST planning
• GST planning considerations
• Planning triggers
• Reviews
GST implication of different structures
• Group treatment: General
• Eligibility for group treatment
• The effect of grouping
• The main uses of group treatment
• Joint ventures and branches
Accounting for GST
• Tax point / time of supply
• The 21 day rule
• Invoices, tax invoices, simplified invoices and pro-
forma invoices
• Claims for overpaid GST
• Bad-Debt relief
• Error correction
Cash flow planning for GST
• GST returns
• Monthly and Quarterly returns
• Zero rated subsidiaries
• Grouping
• Continuous services
• Invoicing dates and self-billing
• Bad debt relief
• Processing purchase invoices
Maximising input tax credits
• Recoverable Input tax
• Employee expenses
• Business entertainment
• Promotional expenditure
• Input taxes on capital expenditure
Non claimable input taxes
• Blocked input tax
• Private/Non business use
• Entertainment
• Employee expenditure
Dealing with mixed supplies
• Identifying a mixed supply situation
• Recoverability of input tax.
• Quantifying recoverable input tax
• Attributable input tax
• De minimis rule
• Capital goods
• Taxable period
• Longer period
• Tax year and intervals
• Capital Goods Adjustment
Exports and imports
• Evidence of goods leaving the country
• Imports of goods
• Imports of services
Learning objectives
The main emphasis of this workshop would be to:
• ensure maximum recovery of input tax
• planning the cash flow to minimise cash shortages
• reengineer your business process to reduce non
recoverability of input tax
• ensuring that your transactions the ensure compliance
with the laws and regulations
• improved profitability
SPEAKER’S PROFILE
Mr T Seelan
C.A. (M), FCCA, FFA
Seelan specialises in designing and setting up
accounting, internal control, and operational systems. He
also performs operational audits and acts as a consultant
for a number of groups on financial issues.
His working experience includes positions in public accounting firms, a leading hotel in Langkawi and an established manufacturing organisation. He was also attached to a large tax firm for three years. Seelan is actively involved in the development and implementation of financial and management training programmes for various organisations. He has trained accountants and financial advisors in Vietnam, Brunei and Uganda. These programmes have produced excellent feedback.
He is a Member of the Malaysian Institute of Accountants, Fellow member of the Chartered Association of Certified Accountants and the Institute of Financial Accountants.