3A Accounting System

Saturday, February 7, 2015

How to calculate GST Taxable Period?


Takeaway:-
  • Every taxable person will be assigned a taxable period which will be end on the last day of the month of any calendar year unless a varied taxable period has been assigned. The category of a taxable period will be depend on the amount of annual sales
  • There are 2 category of Taxable Period, which is category A & B.
  • Category A - Annual Sales is RM5 Million and above, Taxable period is One month

  • Category B - Annual Sales is Less than RM5 Million, Taxable period is Three months

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