HRDF HRD Corp Claimable SST Sales & Service Tax Training

100% HRDF / HRC Corp Claimable SST Sales & Service Tax Training

26 March 2024 – 9am till 5pm

Face-to-Face Classroom

Participants will leave the workshop with the information and skills needed to successfully navigate the complex SST system. Throughout the seminar, attendees will get a grasp of the SST’s essentials, including how to compute and pay the tax, as well as its scope and applicability. Participants will also gain an understanding of the SST’s compliance requirements, such as registration and filing procedures, as well as how to prepare and submit SST returns. This involves understanding how to meet the registration and filing requirements, all in our HRDF HRD Corp Claimable SST Sales and Service Tax Training.

SST accounting fundamentals, such as the treatment of sales and purchases, record-keeping criteria, and the availability of input tax credit, will be discussed throughout the curriculum. Participants will learn how to do SST audits as well as discover and address common SST faults and errors.

The goal of the Sales and Service Tax (SST) Course is to provide participants with a thorough understanding of SST so that their businesses can adopt and comply with the new tax system. The previous Goods and Services Tax was replaced by the new SST on September 1, 2018, when the new tax law went into force (GST). Throughout this training programme, participants will learn everything they need to know about SST, including its introduction, methodology, implementation, accounting, compliance, and auditing.

Learning Objectives

After attending the workshop, learners will be able to: ·

• Understand the SST Concept, Scope and Charge, and Implementation mechanism
• Recognize the various SST Exemptions and Facilities available and apply them for your organisation
• Explain and compute SST Taxable Period, Submission and Return
• Describe the Special Rules
• Prepare for SST Submission and submit SST Return SST-02
• Document keeping to comply for audit purposes
• Apply the SST procedure and document accordingly

Learning Facilitation Methodology

• Interactive Lecture
• Group Discussion
• Question and Answer

Target Audience

• CEOs & CFOs
• Management Department
• Account/Finance/Admin
• Procurement Department
• Individual wish to learn SST

Workshop Outline and Module Description

Module 1: Introduction of SST Model

• Simple way to understand SST
• Taxable Persons, Threshold, Registration
• Person affected by Sales Tax – Manufacturer, Importers, Exporters
• Taxable Goods
• Scope and Charges of SST
• Mechanism of SST · Rate of Tax

Module 2: SST at Work

• SST Exemptions and Facilities
• SST Special Rules – Treatment for LMWs, Free Zones, Designated Areas
• Service Tax Potentially Double Taxation Areas and Elimination Possibilities
• SST Returns and Payment
• Accounting Entries and Transactions
• Invoices, Credit Notes, Debit Notes, Record Keeping
• Submission of SST-02 Returns

Module 3: SST Penalties and Offences

• SST Legislation
• Scenarios and Situation subjected to fines and penalties
• Penalties on Offences

Module 4: Practical in Action

• Hands-on session on accurate SST calculation
• Reading your tariff codes from the customs
• Other Reports Required by Customs
• Laporan CJ (P) Jadual C
• Impact of SST on your pricing and business
• Study on common errors and managing audit

Finally, the SST training session is a valuable resource for any business that want to apply SST and meet its standards. Participants will leave the event with a thorough understanding of the SST system as well as the skills required to manage the SST compliance demands of their own organisations.

Complete the form to receive via email an official HRD Corp quote, course outline, trainer profile, trainer TTT, and HRD Corp TP certificate.