GST RATE SCHEDULE FOR GOODS [As per discussions in the GST ...
Implementation in SAP-SRM - Telekom Malaysia · PDF fileImplementation in SAP-SRM . Goods &...
Transcript of Implementation in SAP-SRM - Telekom Malaysia · PDF fileImplementation in SAP-SRM . Goods &...
Implementation in SAP-SRM
Goods & Service Tax (GST) Overview
1. GST is a tax on domestic consumption of goods & services which will
replace existing Sales & Service Tax (SST).
2. GST is paid when:
i. Goods and services are purchased from GST registered vendor on
standard rated supplies
ii. Goods are imported into Malaysia
3. Effective Date : 1st April 2015
4. GST Rate : 6%
5. GST can be billed to TM under the following conditions:
i. Supplier is GST registered with TM
ii. Goods delivered or service rendered after 1st April 2015 on standard
rated supplies
(what change is required in the system in order to achieve the to-be process)
Go to tab ‘Tax
Information’
Go to tab ‘Tax
Information’
Fill up the GST number and Date
(obtained from Malaysian Royal
Customs)
Upload/Attach the GST approval letter Upload/Attach the GST approval letter
(obtained from Malaysian Royal
Customs)
3
GST Update in SUS Portal
Go to tab ‘Additional
Company Data’
Go to tab ‘Additional
Company Data’
Submit Changes
Impact of GST to SUS Invoice
Invoice for PO
Registered Vendor with TM
Invoice for PO:
1.Price is NOT inclusive
sales tax (only gross price).
2.Have 6% tax value/amount.
3.GST indicator is ticked in
SUS.
Note: Only applicable for GST
Registered Vendor with TM
1st Apr 2015
GR date before GST GR date after GST
Invoice for PO:Invoice for PO:
1. Price is inclusive of
sales/service tax (if
applicable).
2. No tax value/amount.
3. GST indicator not ticked
in SUS Portal.
No
Scenario for GST registered
supplier with TM
Purchase
Order
Goods Receipt / Service
Acceptance
GST is
charged in
invoice?
1 PO issued & Goods/Service
delivered before 1st Apr. 2015 No GST
User to enter actual
Document Date before 1st
Apr. 2015
No
2
PO issued before 1st Apr. 2015
& Goods/Service delivered
after 1st Apr. 2015
No GST
User to enter actual
Document Date after 1st
Apr. 2015
Yes
3
PO issued after 1st Apr. 2015
& Goods/Service delivered
before 1st Apr. 2015
Have GST
User to enter actual
Document Date before 1st
Apr. 2015
No
4 PO issued & Goods/Service
delivered after 1st Apr. 2015 Have GST
User to enter actual
Document Date after 1st
Apr. 2015
Yes
GST Impact to Purchase Order & Delivery
Document Date : The actual date of receipt of goods and services as per the Delivery Order/ Service Acceptance .
Posting date is normally date of data entry and can differ from Document date.
1st April 2015
PO
issuance
Goods/Service
delivery
Goods/Service
delivery PO
issuance
Goods/Service
delivery
Goods/Service
delivery
GST is NOT
charged in
invoice
GST Impact to Purchase Order & Delivery
GST is NOT
charged in invoice
GST is
charged in
invoice
GST is charged in
invoice
Note: Applicable if supplier is GST registered
with TM and the supply is standard rated
Frequently Asked Questions (FAQ)
No Question Answer
1 Is GST part of TM contract value ? No, GST amount is NOT part of contract value and will NOT
be deducted from the contract.
2 Is additional budget for GST required
for project or cost centre ?
No, additional budget is not required as the GST is not
charged to the project or cost centre as TM will offset the
GST charged by suppliers against the output tax.
3 Does supplier need to add GST
amount in Bill of Quantity (BOQ) for
new project after 1st April 2015?
No. All unit prices must exclude GST amount. GST will be
added on to PO price provided the company is GST
registered with TM and the supply is standard rated.
4 If PO issued before 1st April 2015 and
goods or service delivery are after 31
March 2015, what will happen to
invoice submission with GST 6%?
Whether supplier should charge GST shall be determined
based on the delivery of goods or services regardless of PO
issuance date.
Vendor can still claim GST even though the PO value did not
include GST as long as the goods or services were delivered
after GST period.
5 Do all invoices submitted to TM (by
GST registered supplier) from 1st April
2015 be inclusive of GST 6% ?
Not all invoices to TM from 1st April is subject to GST. It will
depend on when the goods and services were supplied or
rendered. If it is before GST period, the invoices should not
include any GST. GST only applies to goods and services
delivered after GST period.
SUS Invoice Before GST
GST indicator not
tick Net Value is a price Net Value is a price
inclusive sales tax
No tax value No tax value
No GST
Component
SUS Invoice After GST
Net Value is a price Net Value is a price Net Value is a price Net Value is a price Net Value is a price Net Value is a price Net Value is a price Net Value is a price
NOT inclusive NOT inclusive NOT inclusive NOT inclusive NOT inclusive NOT inclusive NOT inclusive NOT inclusive of of of of of of of of
sales sales sales sales sales sales sales sales taxtaxtaxtaxtaxtaxtaxtax
(only gross price)(only gross price)(only gross price)(only gross price)(only gross price)(only gross price)(only gross price)(only gross price) Have 6% tax Have 6% tax Have 6% tax Have 6% tax Have 6% tax Have 6% tax Have 6% tax Have 6% tax
value/amountvalue/amountvalue/amountvalue/amountvalue/amountvalue/amountvalue/amountvalue/amount
GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is GST indicator is
autoautoautoautoautoautoautoauto--------ticked for ticked for ticked for ticked for ticked for ticked for ticked for ticked for
GST VendorGST VendorGST VendorGST VendorGST VendorGST VendorGST VendorGST Vendor
GST Component GST Component
exist
Note: Applicable if supplier is GST registered with TM and the
supply is standard rated
Purchase Order (PO) After GST
GST ID
GST Rate
Note: Applicable if supplier is GST registered with TM and the
supply is standard rated
Need Assistance?
Please visit SRM page at TM Corporate Website : www.tm.com.my Online Help Supplier Relationship Management Supplier Enquiry Form
Thank You