RM1,242 – RM1,380

How to Manage GST Audit and Investigation

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Holiday Inn

Glenmarie

Shah Alam, Selangor 40250

Malaysia

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INTRODUCTION

GST audit is a systematic examination of the books, records and business system in order to verify compliance of a business with the relevant GST legislations.

This programme will enable participants to get an insight and understanding of the types and scope of the various GST audits thereby minimizing risk and potential tax liabilities. Participants will gain a comprehensive understanding of the various types of GST audits conducted by the Royal Malaysian Customs Department (RMCD), so that businesses are well equipped with an adequate knowledge and understanding of the potential areas that will be audited by RMCD. The participants will be able to identify common weaknesses/mistakes and the consequences of non-compliance.

The RMCD under the Customs Blue Ocean Strategy (CBOS) has intensified its efforts to conduct audit on GST registrants to ensure that the GST Act, Regulations and Guidelines are fully complied with particular emphasis on effective preparation of GST Returns.



OBJECTIVES

At the end of this 2-day programme, participants will be able to:

  • Obtain sound knowledge of GST laws and regulations.
  • Have an understanding of the types of audits and investigation under the Goods & Service Tax Act 2014.
  • Avoid pitfalls during the conduct of the audit and investigation and the possible areas that RMCD will focus.
  • Minimise potential tax liability that may arise during an audit and how to conduct himself/herself during an audit.
  • Handle a Customs audit or investigation with confidence.
  • Have an insight of the audit compliance requirements under the GST tax regime.
  • Know the manner of maintaining records accounts and documents to bolster your case in the event of an audit.
  • Effectively prepare for GST Returns.



COURSE CONTENT

Module 1: Operation of GST and Relevant Legislations

Module 2: GST Audit Framework

  • Introduction
  • Purpose of an Audit
  • Definition of Audit
  • Legal Provisions
  • Audit Period
  • Who can be Audited
  • Implementation of Audit
  • Documents Required for Audit
  • Audit Exit Conference
  • Rights and Responsibilities of Auditee
  • Confidentiality of Information
  • Appeals
  • Complaints

Module 3: Enforcement Powers of Customs

  • Power of Enforcement, Inspection and Investigation
  • Access to Place or Premises With or Without Warrant
  • Power of Stop and Search Vehicles
  • Seizure of Goods
  • Power of Arrest

Module 4: Overview of Audit Compliance Activity under GST System

  • Desk Audit
  • Compliance Audit
  • Refund Audit
  • Transaction Audit
  • Advisory Audit
  • Cancellation Audit
  • Large Tax Payer Unit (LTU) Audit

Module 5: Stages of Audit / Audit Process

  • Commencement
  • Notice of Audit
  • Examination Records
  • Duration of Audit
  • Settlement of Audit




Module 6: Examination of GST 03 Returns

  • Concept of Supply (Taxable / Non Taxable)
  • Deemed Supplies
  • Treatment of Credit / Debit Notes
  • Disbursement / Reimbursement
  • International Services & Zero Ratings
  • Bad Debt Relief & Recovery
  • Blocked Input Tax
  • Employee Benefits (Treatment)
  • Treatment of Import / Export
  • GST Treatment of Designated Areas
  • Tax Codes / New Tax Codes
  • Incorrect Returns / Penalty
  • Amendments to GST Returns

Module 7: Common GST Mistakes by Taxable Persons

Module 8: Assessment, Reassessment and Supplementary Assessment

  • Assessment Period
  • Power to Assess
  • Reasons for Assessment / Reassessment & Supplementary Assessment

Module 9: General and Specific Anti Avoidance Rules / Provisions

  • Specific Anti Avoidance Rules

  • General Anti Avoidance Rules

Module 10: GST Fraud and Measures to Address Fraud

  • Common GST Frauds

  • Measures to Address Fraud


Module 11: Offences and Penalties

  • Penalty for Incorrect Return
  • Penalty for Evasion & Fraud
  • Penalty for Improperly Obtaining Refund
  • Penalty for Offences in Relation to Goods, Invoices & Receipts
  • Penalty for Obstructing Officers
  • Penalty for Refusing to Answer Question / False Information
  • Power to Compound

Module 12: Recovery of Tax

  • Offsetting Unpaid Tax Against Refund
  • Recovery of Debt as Civil Debt
  • Seizure of Goods
  • Power of Collect Tax from Debtors
  • Recovery of Tax from Person Leaving Malaysia
  • Payment by Instalment
  • Suspension of Clearance of Imported Goods
  • Liability of Directors






Module 13: The Review / Appeal Process

  • Appeal to Director-General for Review

  • Appeal to GST Appeal Tribunal

  • Appeal to Minister

  • Appeal to High Court



WHO SHOULD ATTEND

CEOs, Managing Directors, General Managers, CFOs, Accountants, Finance Managers, Department Heads, Tax Consultants, Operational Staff involved in GST



TRAINING INVESTMENT

RM 1,380 per pax for 2 days
(include Lunch, Tea Breaks, Course Materials & Certificate of Completion)

Early Bird (before November ‘17) – RM 1,280

Group Discount (3 or More) – 10%



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Download Brochure HERE

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Date and Time

Location

Holiday Inn

Glenmarie

Shah Alam, Selangor 40250

Malaysia

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