GST Training for Manufacturing (Mandarin)

GST Training for Manufacturing Sector (Mandarin) GST Training for Manufacturing (Mandarin)
By Knowledge Hub Asia
PSMB HRDF Claimable
Course Title:
The Effect of GST in Business Operation for Manufacturing Sector (Mandarin Version)
Training Category:
Business Management › Financial Management
Target Audience:
Accounting staff, business entrepreneur, operation executive, marketing, logistics, procurement, human resource personnel, manufacturers, business planner, product manager, factory manager and executive, contract executive and general managers. Duration:
1 Day
For In-house Training »
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For Customization & Other Inquiries »
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Contact customer service +6012-266-2728
Email customer service [email protected]
Delivery Methods
  • Language: Mandarin
  • PowerPoint Presentation
  • Workshop
  • Presentation Handouts
  • Reading Materials
  • Case Studies
  • Certificate of Participation
*Terms & Conditions
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Financial Management:

The Effect of GST in Business Operation for Manufacturing Sector (Mandarin Version)

“Find out how to implement GST and its effects in manufacturing sector!”

By Knowledge Hub Asia


PSMB Certified Training Provider • ILM Approved Centre
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Email Customer Service [email protected] Contact Customer Service+6012-266-2728

Introduction

This Mandarin version of GST training program allows the participants to acquire and understand the key elements of GST and its mechanism. It also allows the participants to analyse and understand its effects on the business operations and provide general principles and guide of GST on manufacturing. It is critical for business entrepreneur and other operating unit heads to keep updated on the GST legislations and requirement, analyse and understand its effects on the business operation and the transitional issues. The participant will acquire the general concept and overview of the GST, accounting treatment and computation of GST input and output tax for consignment sale in manufacturing, export, sub-contract work and GST impact on the existing accounting and IT system.

Course Objectives

  • Understand the key elements of GST and its mechanism.
  • Analyse and understand its effects on the business operations and its transitional issues.
  • Understand the impact of GST in the aspect of accounting in manufacturing sector

Course Outline

DAY 1

General framework of GST

  • Scope of tax
  • Impact on pricing to individual consumer (current Sales tax v GST)

Basic fundamental of GST

  • scope of tax
  • Place of supply
  • Reverse charge
  • Value of supply
  • Supply of services
  • Time of supply/tax point
  • Basic tax point
  • Exception of general rules
  • Consignment sale
  • Sub-contract work or farming in/out

How GST works

  • Taxable person
  • Output tax -standard rated supply
  • Zero-rated supply
  • Exempt supply
  • Out of scope
  • GST computation

Accounting of GST

  • Issuing tax invoice
  • Accrual (invoice ) basis
  • Payment( cash ) basis
  • Adjustment of input tax and output tax due to credit note, debit note and discount

Input Tax credit mechanism

  • Criteria governing input tax claim
  • Blocked input tax credit
  • Apportionment of input tax credit -standard method
  • De Minimis Principle

GST guide for manufacturing industry

  • Capital assets used for making mixed supply
  • Capital goods adjustment (CGA)
  • olls manufacturing activities
  • Defective or inferior goods return
  • Manufacturer acquire services from overseas
  • Machinery acquired under hire purchase agreement or lease
  • Acquire machine by advance payment or progress payment
  • Imports of material bill in foreign currencies
  • GST treatment on imported trade samples
  • Goods sold under warranty
  • Disposal or loan of capital asset
  • GST treatment on disposal of manufacturing waste
  • Bad debt relief

GST implementation approach / challenges

  • GST impact study
  • Transaction analysis
  • Review of transitional contract
  • analysis of employee benefit
  • Documentation review
  • IT/system review
  • Implement and execute key task
  • Post implementation
  • Challenges of GST implementation

For In-house Training:

Request for Quotation

Request for Quotation Now

For Content Customization & Other Inquiries:

Contact Knowledge Hub Asia

Contact Customer Service

+6012-266-2728

Email Customer Service [email protected]

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