GST for ProLine will commence on 1st April 2015. Before using GST for ProLine, you need to know what is GST. Basically, GST stands for Goods and Services Tax also known as Value Added Tax (VAT).

GST incurred on inputs is allowed as a credit to the registrant and offset against output tax. Details explanation about GST, you can go through GST official website http://gst.customs.gov.my.

There are three types of supply in GST that is Standard-Rated, Zero-Rated and Exempted. User needs to define rate of charge in output tax and claimable or not claimable in input tax for their products/services.

supply

 

 

Tagged:

Leave a Reply

Your email address will not be published. Required fields are marked *