Goods and services tax (GST)

Disclaimer : This entry is for my own reference only. I don't take responsibilities for any incurring events with regards of this entry from now on.

• GST
• Jenis barangan
• Kebaikan GST

At first, I don't understand what GST is. Apa bezanya dengan SST (Sales and Service Tax) yang ada sekarang? Forgive me for being ignorance tapi GST is everywhere now (2014) and I guess it's the time for me to look thoroughly what it is all about. Actually the first ever interview I've been after finishing my final paper in uni is with Ernst & Young as GST consutant back in 2010. No wonder why I did not make it in the second round as I have no idea what is it hahahaha... Whatever. It is good to know that the industry player is getting ready for this moment wayyyyyy back then.

GST

GST falls under indirect tax atau cukai tidak langsung. Registration deadlines for businesses with income more than RM500,000 is at 31st December 2014. The actual implementation is on 1st April 2015. However, for business which has turnover of less than RM500,000 have the voluntary option to register.

Failed to register can cause fine ranging from RM1,500 to RM 20,000 with effect after the date of official implementation of GST.

Those who register are eligible to charge GST to their customer, however, those who did not register have no other option but to absorb GST as consumer.

I can say that SST is single stage tax whereas GST is actually a multi stage taxation, with every level included such as manufacturers, wholesalers, retailers and consumers

Types of supply

1. Standard rate supply (6%)
2. Zero rated supply - not collect GST on supplies but entitled to claim credit tax input used in the course of furtherance of business.
3. Exempt supplies - not collect GST. Not eligible to claim tax credit on input
4. Supplies not within the scope of GST - eg. service provided by government, sales incurred from a place outside Malaysia

The keywords to understand here is kredit cukai input atau input tax credit. I am too lazy to demonstrate in graphic but lets just say, for instance, a wholesaler (W) who is registered for GST bought its supplies from manufacturer (M) (also register for GST) for a value of RM 100,000. Therefore, in M's invoice stated that W have to bear GST of 6% (RM 6,000).

After that, W sold its supplies to retailer (R) for a total invoice value of RM150,000. That means, R have to bear GST of 6% as well (RM9,000). W is eligible for input tax credit of RM6,000 for supplies bought from M, which means the GST remit is RM 3,000 by wholesaler instead of RM6,000 (RM9,000 - RM6,000). Got it?

I can conclude that, in GST tax is fairly distributed all the way until it reaches the final stage in the chain which is the consumer. 

Kebaikan GST

By implementing GST, it will lower business cost, enhance global competitiveness, enhance compliance, reduce red tape, fair pricing, greater transparency.

It is obviously not me, myself making up all these points. When I understand GST, I know all the above is very logic. Why? Should I elaborate more? Hahahaha... 

1. Lower business cost. Remember that I point out about kredit cukai input? Yea, thanks u got the idea.
2. Enhance global competitiveness. Trading outside Malaysia tak diimpose GST. Adalah cukai lain tapi later lah ya..
3. Enhance compliance. I think so as semua companies yang nak charge GST are required to register.. Where?? Di Custom Dept. of course. Can use manual post, TAP system (Tax payer access point) or walk in je.
4. Reduce red tape. Secara automatiknya ya.. Maybe tapi mungkin awal-awal mesti ada juga karenah.
5. Fair pricing. Yes, because tax is distributed fairly along the chain.
6. Greater transparency. Sebab of course company nak claim input tax credit, so have to disclose invoice kat kastam lah or whatever way they disclose so that they will be eligible for that. Kalau SST ada jer mamak charge ok. Tanpa register ke Kastam whatsoever so pendapatan negara tu sedikit sebanyak terbocor sebab sebagai pengguna do u really know yang mamak tu ada bayar ke SST to kastam? Atau dia charge other income je for SST yang dia kutip tu. Tapi GST, hopefully senarai company yang register akan boleh disemak dengan cepat lah so that peniaga tak sesuka hati charge GST even tak register.

Happy day

Today definitely brings significant impact on my future.

Thus, I'll mark it as one of the happiest day in my life in the year 2014. Alhamdulillah for this opportunity. Yes, there's a lot to be done. Just bringg it on! :)

Hopefully in the next 20 years when I look back at today's date, I would be grateful that I don't waste this chance to improve myself for the sake of myself, my family, my race, my religion and my nation.

So just wish myself the best of luck.

Ya Allah luaskanlah rezeki ku dan seluruh ahli keluargaku. Amin..

Kurang tiga tahun

Tak terlambat lagi rasanya nak ucapkan selamat hari raya maaf zahir batin kepada kamu yang tak sengaja ter come across (whats the word?sorry) blog ngeng ini tanpa sengaja melalui Google or whatsoever la.. Kosong2 kita ya..

It's already been August 2014 but still.... Banyak lagi agenda yang belum dicapai. Aku andaikan tahun ni sebagai tahun mengubah diri dan sikap supaya menjadi wanita yang lebih matang. 2014 tak ada satu pun resolusi yang aku list down
...

Masa spring cleaning terjumpa diary aku yang aku hadiahkan kat boyfriend merangkap husband aku sekarang. Yikes! Baca balik apa yang aku tulis, I can conclude that I was so naive back then. Mimpi yang indah2 saja. Hahaha...

We were only 20 years old hehe... Buku penuh angan2. Nak ada anak 3 org lepastu cross sorang sebab rasa banyak. Tak sangka aku pernah macam ni. Seriously nak buang tapi husband tak bagi. Modal gelakkan aku la tu..

My ideal family back then is duduk dirumah yang ada halaman luas, ada 2 kereta one for him, one for moiii, weekends visit parents, and petang weekend minum tea together. Fairytale sangattt...

So now, after 7 years... We were totally different person, however the love is still strong as ever. Ya allah i love him. Tapi resolution aku untuk 2015 takkanla kebudakan macam 7 tahun lepas kan.. Harus realistik sikitlah.

Mission jangka pendek aku which is less than 3 years, but the efforts ke arah itu must be done now now now!

Before i reach the age of 30 by 2017, what i want is to be a better person in every ways, complete my professional cert that will commenced starting next year, try to conceive for second baby, and be healthy.

My long terms goal would be...
Performing hajj with my husband and my daughter before i reach 38, start my own firm before i reach 35, have savings of 12x times household monthly income, keeping our marriage solid and strong ever after.

Hopefully when I reach 35 I won't laugh at myself like what I did now to me the in my 20s. Erghh...!!!
(satu kerja nak bawak diary ni everywhere sbb taknak orang baca!)

Of Renaissance hotel KL

It can be said this month of April quite a bliss month at least for me sebab... tax refund from the IRB dah dapat yey and get to kepit my husband like a leech sebab he got meeting in KL two weeks in a row!!

Stayed at level 24, we got the room with tower view.

Macam biasa, setiap kali masuk hotel wajib nak tengok toilet. Toiletries dia paling best. Banyak kott.. hehe..

Macam hotel lain jugak.. sama je interior cuma win kat toiletries je ;)

That's my couch potato boss with her popcorn on our bed. -_-

Overall ok. The room is not that spacious as compared to other 5 stars hotel. It can be said that the staffs are well trained and friendly. There's a BUT.... however I think every hotels have their own policies to maintain their standard. My baby is not allowed to enter the cocktail sheeshhhhhhhhh and thats the only complaint I have.

Families with small kids are advisable to dine at the dining area downstairs at the ground level.

At least I got some off days before giving a full swing on my day job next week. Haih.. another tax audit for my client in the week to come. Why la...

Gross profit rise, gross profit drop also giving us headache because the client might be prone to kena tax audit. Obviously it cant be stagnant every year, so just let them do it and embraceeee hahahaha.. bye

Tips bila berjauhan dengan suami

Dah 2 tahun aku belajar hidup berjauhan dengan suami. Aku ingat lagi, pertama kali dia kena report duty ke seberang laut, aku terkelu jap. Husband pun pening nak accept job offer atau reject je. Dhla baru kahwin, tengah pregnant, now kene duduk asing?? Sobs. Sebenarnya bukan aku sorang macam ni. Ramai. Zaman sekarang ni jarangla nak jumpa husband and wife duduk sekali. Bukan semua orang nasib baik. Bestfren aku kahwin dengan orang kapal.. memang berbulan jugak kena tinggal. Apa pun aku patut bersyukur aku tak pernah kena tinggal lebih 2 minggu hehe..

First time skype dua2 nanges haha kelakar bila ingat balik. Sekarang masing2 dah tough. Cuma fikir masa muda kerja kuat2 boleh relax awal. No point aku ikut dia, bukan boleh bawak naik pelantar pun. Sama je kena tinggal jugak. At least kat sini aku ada saudara, family boleh tengok kalau sakit ke apa. Husband pun selalu sangat balik. Kadang2 meeting kat kl balik jugak. Aku rasa masa yang kitorang spend lagi berkualiti berbanding masa dia kerja kl dulu.

So, bila husband takde, apa yang aku buat?

1. Kemas rumah. 5 hari kerja mana ade masa nak sental toilet bagai. So, precious weekend buatla apa yang patut.

2. Shoping. Sebab ada baby agak leceh nak shopping. Tapi aku selalu ada adik atau kawan keluar sekali so senang. Tak boleh imagine nak tolak stroller and trolley at the same time sorang2!

3. Buat apa aku suka. Contoh : menjahit apa2 jela

4. Hantar baby kat babysitter jap, g spa pamper yourself.

5. Selalu berhubung dengan suami kalau dia ada coverage

Tengok2 dah habis weekend.. takde masa nak rasa bosan. Tambah2 anak dah aktif memang takde masa la nak meratib bagai. Baik layan baby je.. then next weekend husband pn balik.. masa ni la nak mengada ke apa lantakla.

Yang tak bestnye bila duduk jauh ni bila anak sakit ke, aku sakit ke.. sedih ok. Seboleh2nya aku nak elak anak aku warded sbb dah pernah rasa susahnye.. nak kerja, nak g toilet kat ward pun susah sebab baby takkan nak tinggal. Nak tak nak kena ada orang lain sekali dengan kita. Tapi alhamdulillah sejak dah jangkau setahun ni  anak dah jarang sakit.

Hubungan jarak jauh macam ni memang menuntut kepercayaan tahap tinggi dan isteri pulak memang kena independent. Kena yakin tujuan suami pergi nak cari nafkah untuk family. Bagi aku, selagi husband aku beria nak balik rumah je lepastu kalau balik tak boleh berenggang ok lagi la tu. Call pun hari2, tak dapat call emel je lepastu wajib bercakap dengan anak dia hari2, nafkah tak pernah miss, aku rasa takde masalah besar nak letak sepenuh kepercayaan kat pasangan.  So bak kata adik aku, " love is blind, but marriage is an eye opener".. true indeed.

Cant wait for tomorrow.. my normal routine every friday after work I have to head straight to the airport to pick up my boyfriend. Haha nitez!

Redeem maybank treats points

Sebagai pengguna tegar maybank, be it online banking ke.. bayar bil so on and so forth even credit card and insurance persaraan pun aku ambil maybank punya. So, dah lama tak check treats point. Kalo pengguna maybank mesti tau apa benda ni.. Malas nak explain hehe.. basically it is a reward in terms of points bila guna servis diorang.. sama je macam bonuslink etc..

Berbalik pada cerita, aku try la tengok berapa dah treats points aku. Ada 50000 ++ .. cuba redeem something la hehe... so aku redeem jam casio yang memerlukan treats points dalam 41k something.. nak test betul ke dapat for free.. benda free sape taknak kan..

Dalam web cakap proses dalam 3 ke 4 minggu sebelum attempt delivery.. sokey la, ive got nothing to lose pun kan. Tapi i got it within a week. Magic for me sebab mana ada benda free wei dalam dunia ni.. i checked the market price rm119 jam ni so not bad la kan.. bukan cap hayam sangat hehe

So.. taraaaa

Give it to my baby sis in Seri Puteri as I already have a watch given by husband. Tak dak la pengumpul tegar jam pon.. apa pun aku suka sebab free yey!!

Sapa pakai amex maybank p la usha treat points hampa. Aku suka amek sebab points dia triple lagi2 on weekends. Kalo master ergh points bergerak macam sipot sedut. Aku la.. kalo jenis yang memang selalu guna kad kredit ni mesti banyak accumulated points punya..

Ok goodluck bye!

Good night Kuala Lumpur

It was a night well spent in KL. The last time I checked in at KL hotel was a week before my due for delivery which is at Corus Hotel. I remember it took 30 minutes to make u turn to the hotel which is located at nearby, opposite direction. Traffic was so congested it drove me crazy especially during peak hour.

This time, we checked in at Gtower hotel. Honestly I never heard of it but because the next day meeting is scheduled at Menara Binjai, which is just a walk away from the hotel, so we give it a try.

It was a very pleasant stay. I love the interior and everything, only one thing they do not allow guest with kids to the dining area. Other than that, 99.9% okay..

How time flies, and I think there were times I nearly lose myself. I used to be very ambitious last time, full of confidence, I believe I could achieve everything but now I'm not that kind of person anymore. I miss the feeling to be so determine and bold but I'm only human.... time has taught me a lot, my peers has taught me a lot... really, I learn about life through times.  Time made me change 180 degree.

Looking out through the windows, half of me says maybe I should bring a little bit of my old self now and kickstart mylife, but another half says I should just go with the flow... let life suprise me with unexpected things that it has to offer.

I'm enjoying my 'me' time in dreamland until my husband call me to uhm... sleep.

View of the night

I plan to design our house like this once we manage to stay together again for good. Right now I'm happy to announce that we got tenants already.. yey! An expatriate from Philipines... I'm ok with that as long as the family will take care of the house in a proper manner.


A little sneak peek of Gtower hotel interior....

Nitey loves!