3A Accounting System

Monday, February 9, 2015

What is Place of Supply?

Takeaway:-

  • The place of supply of goods or services is where the supply is made or treated to be made. 
  • A supply of goods or services will be within the scope of GST and therefore chargeable to GST if the place of supply is in Malaysia. 
  • Supplies made outside Malaysia are considered to be out of the scope of GST.


Rule for Supply of Goods

Supply of goods is in Malaysia

  1. Local Supply (from a location in Malaysia to another location in Malaysia) or
  2. Export  (from a location in Malaysia to a location outside Malaysia)

Supply of goods is outside Malaysia

  1. Out of Scope (from a location outside Malaysia to another location outside Malaysia)
  2. Import ( from a location outside Malaysia to a location in Malaysia, the goods are subjected to GST on importation unless the importation is done under a suspension or relief arrangement. )

Rule for Supply of Services
A supply or services shall be deemed as made
In Malaysia, if the supplier belongs in Malaysia; and
Outside Malaysia, if the supplier belongs in the other country

1 comment:

  1. Your website is wonderful, let alone the content material! Gst Tips

    ReplyDelete

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