Question
A-Star Sdn Bhd (AS) is a registered manufacturer under the Sales Tax Act 2018. AS closes its accounts on 31 December annually. During the year
A-Star Sdn Bhd (AS) is a registered manufacturer under the Sales Tax Act 2018. AS closes its accounts on 31 December annually. During the year 2019, AS imported the raw materials for the use in its manufacturing of taxable goods in Malaysia. On 31 October 2019, AS received an invoice with the following details of the raw material cost:
Purchase price RM 100,000
Insurance RM 1,200
Freight charge RM 3,000
Import duty 20%
Note: The above raw material is cleared from Customs control on 15 November 2019.
Required: Compute the sales tax payable by A-Star Sdn Bhd, if any, in respect of the above transaction.
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