GST-03: Frequently Asked Questions－消费税认识和消费软件运用交流區

1. WHAT IS GST-03?
GST-03 is the Goods and Services Tax return.

2. WHO IS REQUIRED TO SUBMIT GST-03?
A person who is registered under the Goods and Services Tax Act 2014 is deemed to be a taxable person and is required by law to submit GST-03 to the Director-General, Royal Malaysian Customs Department.

3. WHEN IS GST-03 REQUIRED TO BE SUBMITTED?
GST-03 is required to be submitted not later than the last day of the month following the end of the taxable period e.g. Taxable period end at 30th April 2015; the last day for GST-03 to be submitted for taxable period April is at 31 May, 2015.

4. WHAT IS A TAXABLE PERIOD?
The category of a taxable period depends on the amount of annual turnover:

Annual Turnover:	Category:	Taxable Period:
RM 5 million and above	A	One month
Less than RM5 million	B	Three months

Note: Conditions stated on GST-registration may apply.

5. WHERE CAN GST-03 FORM BE OBTAINED?
GST-03 can be obtained:

eletronically by downloading from RMCD GST portal
printed copy from any RMCD office

6. HOW IS GST-03 SUBMITTED?
GST-03 can be submitted by:

electronic filing through Taxpayer Access Point by taxpayers with GST-compliant accounting software
mail to Director-General, Royal Malaysian Customs Department
hand to any Royal Malaysian Customs office

7. WHAT ARE THE DETAILS REQUIRED FOR PART A OF GST-03?

GST registration number
Name of Business

8. WHAT ARE THE DETAILS REQUIRED FOR PART B OF GST-03?

Taxable Period
Return and Payment Due Date
Output Tax
Input Tax
GST Amount Payable, or
GST Amount Claimable
Option to carry forward GST refund

9. WHAT ARE THE DETAILS REQUIRED FOR PART C (ADDITIONAL INFORMATION) OF GST-03?

Total Value of Local Zero-Rated Supplies
Total Value of Export Supplies
Total Value of Exempt Supplies
Total Value of Supplies Granted GST Relief
Total Value of Goods Imported under Approved Trader Scheme
Total Value of GST Suspended under above item
Total Value of Capital Good Acquired
Bad Debt Relief
Bad Debt Recovered
Breakdown Value of Output Tax in accordance with Major Industries Code

10. WHAT ARE DETAILS REQUIRED FOR PART D (DECLARATION) OF GST-03?�

Name of Authorised Person
Identity Card Number for Malaysian citizen
Passport Number for non-Malaysian citizen
Nationality
Date
Signature

11. WHAT ARE THE PENALTIES FOR LATE SUBMISSION OF GST-03?
The penalties for late submission of GST-03 are fine not exceeding RM30,000 or imprisonment not exceeding 2 years or BOTH.

12. WHAT ARE THE PENALTIES FOR SUBMISSION OF FRAUDULENT GST-03?
The penalties for submitting fraudulent GST-03 are a fine not exceeding RM50,000 or imprisonment not exceeding 3 years or BOTH; and a penalty equal to the GST undercharged.

13. WHAT RESOURCES ARE AVAILABLE TO FACILITATE FILING OF GST-03?

Soyrce : http://gstmalaysiainfo.com/gst-03-frequently-asked...