New GST Amendment - Change in GST Return Form - YYC Business School | YYC商学院

New GST Amendment – Change in GST Return Form

12 Jan
New GST Amendment – Change in GST Return Form

The Royal Malaysian Customs Department (hereinafter referred to as ‘Customs’) has released the Goods and Services Tax (Amendment) Regulations 2017 on 29th December 2017, to amend the GST Regulations at the year-end as most of the amendments are effective from 1st January 2018.
关税局于2017年12月29日颁布了宪报Goods and Services Tax (Amendment) Regulations 2017, 赶在年尾修改GST条例,因为多数修改在2018年1月1日生效。

From these amendments, businesses should be aware of the change in GST-03 Return Form field 15 as the businesses affected may need to keep up with the updates for accurate reporting of GST Return.
这次修改中,商家最需留意的是对于GST-03 申报表的修改,因为第15项要填的东西换了! 若所涉及的商家没跟进到这项更新,有极大可能在下个月报GST时会填错申报表。


What are the changes in GST-03 Return Form?
GST-03申报表哪里改了?

  • Field 15 will be changed from “Total Value of GST Suspended” to “Total Value of Other Supplies”
    第15项将从原本的“暂缓缴交商品及服务税改为“其他供应品的总价值”

 


What are included under “Total Value of Other Supplies”?
“其他供应品总价值”包括哪些?

      • Customs has not mentions in the amendment what are the supplies that fall under the “Total Value of Other Supplies”, however, these types of supplies could be included:
        关税局在宪报中未提及,到目前还未正式公布包括哪类供应,可能包含的供应为:

        1)GS- Disregarded Supplies 无视供应品
        2)OS- Out of Scope Supplies 商品及服务税范围外的供应品
        3)NTX- Non-Tax Chargeable Supplies 不含税的供应品

        Will there be more “other supplies” that fall into this field? More details will be revealed in Customs’ official announcement.
        然而,会不会包含更多的”其他供应”还需待关税局正式公布。


How does the change affect businesses?
那么这项修改如何影响商家?

  • Mapping of supplies to the correct tax code is more critical to businesses now, if a GST tax code is applied wrongly, it would affect the accuracy of the GST Return.
    商家需正确归类供应,若用错GST税务代码,所申报的GST申报表将出现误报。

  • Businesses’ accounting software must be able to keep up with the changes and be updated.
    商家用的会计软件需跟进与更新。

  • Although the TAP system has yet to renew the field 15, however, as the Customs has released an official amendment to the regulation, if there is no delay, businesses are most likely to start using the amended field 15 in filling GST-03 Return Form for taxable period of January 2018.
    虽然TAP系统截至今日还未更新第15项,但由于关税局已颁布宪报,若无延期,商家在申报一月份的GST-03申报表时将开始用修改后的第15项。


Please be aware that Customs has yet to officially announce what are included under “Total Value of Other Supplies” and TAP system are yet to be updated. Businesses are advised to check Customs announcements and guides from time to time. But fret not, you are not alone as YYC will bring you the latest updates.
由于关税局还未公布”其他供应品”的详情与更新TAP系统的GST-03申报表,商家还需多留意关税局的最新动向。但别担心,YYC会陪伴您为您带来最新的消息。