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Sales and Services Tax (SST) was reintroduced back in Malaysia on September 2018 in replace of the Goods and Service Tax (GST). Discuss how
Sales and Services Tax (SST) was reintroduced back in Malaysia on September 2018 in replace of the Goods and Service Tax (GST). Discuss how Sales and Service Tax (SST) brings the following social and economic impact in Malaysia. (a) What is sales tax? What is the procedures for submitting sales tax return? (5 marks) (b) What is service tax ? Identify FIVE (5) types of taxable services. (5 marks). (c) Differences between Good and Service Tax (GST) & Sales and Service Tax (SST). (5marks) (d) Is there any exemption under sales tax registration? Give (5) examples. (5marks)
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a Sales tax is a consumption tax imposed on taxable goods at the point of sale in Malaysia It is levied on specific goods produced in or imported into Malaysia The procedures for submitting sales tax ...Get Instant Access to Expert-Tailored Solutions
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