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My Company is a LMW company and registered under ATS. For local sales, ie sales to GST registered company within Malaysia. Do I need to collect output tax? Do I need to have any custom form? thank you.
1. All goods that are supplied from a person operating in a FIZ or having LMW status to overseas are zero-rated
2. supplies made from a person operating in a FIZ to any person operating in a FIZ are standard rated
3. All goods supplied locally by a person operating in FIZ or having LMW status to another person who is not operating in FIZ or not having LMW status are also subject to GST
My Company is a LMW company and registered under ATS. For local sales, ie sales to GST registered company within Malaysia. Do I need to collect output tax? Do I need to have any custom form?
ReplyDeletethank you.
FF,
Delete1. All goods that are supplied from a person operating in a FIZ or having LMW
status to overseas are zero-rated
2. supplies made from a person operating in a FIZ to any person operating in a FIZ are standard rated
3. All goods supplied locally by a person operating in FIZ or having LMW status
to another person who is not operating in FIZ or not having LMW status are also
subject to GST