Welcome to Live Chat

Welcome to LiveWebTutors Services, World's leading Academic solutions provider with Millions of Happy Students.

Call Back
logo

24x7 Support Available

To Get the Best Price Chat With Our Experts

chat now

In A Hurry? Get A Callback

offeroffer

icon
Table of Content

Goods & Services Tax (GST)


GST which is also known as VAT or the value added tax in many countries is a multi-stage intake tax on products or services

GST is billed on the supply of products or services at each level of the supply sequence from the supply up to the retail level of the submission. Even though GST is enforced at each level of the supply sequence, the tax element does not become aspect of the cost of the product because GST paid on the company information is claimable. Hence, it does not matter how many stages where a particular good and service goes through the supply sequence because the feedback taxation suffered at the previous level is always subtracted by the companies at the next step in the supply sequence.

GST is a wide based intake tax covering all areas of the economy i.e all products or services created in Malaysia including imports except specific products or services which are classified under zero ranked supply and exempt supply purchases as determined by the Reverend of Finance and published in the Gazette.

The basic fundamental of GST is its self-policing features which allow the companies to claim their Input tax credit by way of automatic reduction in their accounting program. This helps the management procedures on the aspect of companies and the Government. Thus, the Government’s delivery program will be further improved.


Scope and cost

GST shall be billed and billed on the taxed supply of products or services created in the course or furtherance of company in Malaysia by a taxed person. GST is also billed on the importation of products or services.

A taxed supply which is standard ranked or zero ranked. Exempt and out of opportunity resources are not taxed resources.

GST is to be billed and billed at the suggested rate of 4% on the value of the supply.

GST can only to be billed and billed if the company is authorized under GST. A company is not liable to be authorized if its yearly revenues of taxed resources do not reach the prescribed limit. Therefore, such companies cannot cost and gather GST on the supply of products or services created to their customers. Nevertheless, companies can apply to be authorized willingly.

Our Amazing Features
  • On Time Delivery

    There is no deadline that can stop our writers from delivering quality assignments to the students.

  • Plagiarism Free Work

    Get authentic and unique assignments by using our 100% plagiarism-free services.

  • 24 X 7 Live Help

    The experienced team of Live web tutors has got your back at all times of the day. Get connected with our customer support executives to receive instant and live solutions for your assignment problems.

  • Services For All Subjects

    We can build quality assignments in the subjects you're passionate about. Be it Engineering and Literature or Law and Marketing we have an expert writer for all.

  • Best Price Guarantee

    Get premium service at a pocket-friendly rate. At live web tutors, we understand the tight budget of students and thus offer our services at highly affordable prices.

live review Our Mission Client Satisfaction
  • I was ordering an assignment for the first time from this website so I was a little hesitant but overall I had an amazing experience. The solution was delivered to me prior to the set date. They also kept their promise of following all the instructions carefully. I got enough time to review the content shared with me before submitting it to my professor. Although I am yet to be graded for the paper, it looked flawless. Thank you for your help.

    16 Jan 2021

    Nalani

  • Relying on the professionals is extremely easy as they offer you a varied guaranteed result.

    16 Jan 2021

    Maylee

  • A highly qualified team onboard! A great job is done by the writers and editors! Thank you, team!

    16 Jan 2021

    Shayla

  • What a brilliant execution of the assignment! The final output indeed left me speechless.

    16 Jan 2021

    Briley

  • I hired the web development assignment help service of this platform. I have also got other assignments done by them in the past and they had not disappointed me, therefore, I decided to reach out to them again. Their experts are simply the best. The document delivered to me was no less than perfect. I definitely owe the credit of my exceptional assessment grades to them. Thank you for your help.

    16 Jan 2021

    Elin

View All Review