Category: GST Code Explanation

Source from http://gst.customs.gov.my.   Code Rate Description SR 6% Standard Rated A GST registered supplier must charge and account GST at 6% for all sales of goods and services made in Malaysia unless the supply qualifies for zero- rating, exemption or falls outside the scope of the proposed GST model. The GST collected from customer […]

Source from http://gst.customs.gov.my. Code Rate Description TX 6% Direct Tax GST Purchase  This refers to goods and/or services purchased from GST registered suppliers.  The prevailing GST rate is 6% will commence on 1/04/2015. As it is a tax on final consumption, a GST registered trader will be able to claim credits for GST paid on […]