Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Advanced Taxation Chapter Sales service tax. Asap please B. Farwan Services Sdn Bhd (FSB), an architect firm, is a service tax registrant. FSB closes its

image text in transcribed

Advanced Taxation Chapter Sales service tax. Asap please

B. Farwan Services Sdn Bhd (FSB), an architect firm, is a service tax registrant. FSB closes its accounts annually on 31 December. Details relating to the invoicing of a customer, Mira Sdn Bhd (MSB), are as follows: Fees for design services: Date of invoice issued: Date full payment received: RM10,000 22 January 2021 5 March 2021 REQUIRED: (a) Calculate the service tax amount under the Service Tax Act 2020 for the above FSB charges to MSB. (2 Marks) (b) Calculate the debt due to Royal Malaysian Custom Department if FSB paid the service tax due in '(a)' above on 11 June 2021

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions