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Although the Goods and Services Tax (“GST”) regime has been replaced by the Sales Tax and Service Tax effective 1 September 2018, there are still transitional GST issues which remain to be resolved.  The Royal Malaysian Customs Department (“Customs”) had previously issued the following Guides on matters relating to GST adjustments and declarations after 1 September 2018:

  • GST Guide on Declaration and Adjustment After 1 September 2018
  • GST Guide on Tax Invoice, Debit Note, Credit Note and Retention Payment After 1 September 2018

This is a reminder to businesses that the amendment to the final GST-03 return (if any) needs to be made by 31 August 2020.  According to the GST guides, no GST adjustment is allowed to be made after 31 August 2020.  The amendment to the final GST-03 Return should be made/ would be allowable in the following situations (subject to meeting conditions):

  • Accounting of output tax on tax invoice issued on or after 1 September 2018 for taxable supplies made during the GST era
  • Debit note/ credit note issued pertaining to change in consideration for taxable supplies made during the GST era 
  • Credit note issued/ received pertaining to GST charged and accounted on retention amount received/ paid on or after 1 September 2018
  • Input tax adjustment for bad debt relief 
  • Output tax adjustment for recovery of bad debt
  • Output tax adjustment on outstanding amount due to suppliers for more than
    six (6) months from the date of supply
  • Input tax adjustment on repayment of outstanding amount due to suppliers

For further details, please click on the above header link for copies of the GST guides at MySST website. 

The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation.

Ng Sue Lynn
Executive Director
Indirect Tax Practice
Dato’ Tan Sim Kiat
Indirect Tax Practice
Yap Choon Ling
Indirect Tax Practice