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Proposed GST in Malaysia requires businesses who have exceeded the prescribed threshold to register and to keep records of input and output tax. Businesses report their liability in a specific period called taxable period. The basic information that required your attention are as follows: • Registering your Business • Issuing Tax Invoices • Accounting for GST • Filing Tax Returns • Input tax credit mechanism • Claiming GST Refunds • Paying GST • Offences • Review and appeals Financial departmen
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