What is GST

Unlike the existing sales tax and service tax, Goods and Services Tax (GST) is generally charged on the consumption of goods and services at every stage of the supply chain.

The multiple tax levels feature of GST is the fundamental change from the present single-stage sales tax and service tax levied at only one stage of the supply chain.

Read more here.

Although the operation of GST seems fundamentally straightforward, there is a whole host of issues that must be considered by businesses in developing an optimal implementation strategy.

PwC offers flexibility of choice to suit your varied needs:

  • For businesses which do not have any global GST or Value Added Tax (VAT) internal expertise
    – a GST implementation approach*
  • For businesses with GST/VAT internal expertise
    – a checkpoint-advice approach*

1. GST implementation approach

It is crucial to develop a structured and strategic approach to set the blueprint right the first time.

Organisations need to consider these priorities:

  • evaluate the readiness of your business – can you operate successfully and efficiently under the GST regime?
  • identify the issues that impact your business during the transition to GST
  • identify what must be done to get ready for GST
  • develop a clear road map to implement GST
  • ensure compliance by the GST introduction date

2. Checkpoint-advice approach

Businesses such as multinationals may already have access to GST/VAT internal expertise from their global network of offices to develop the GST implementation strategy for their Malaysian operations.

In these circumstances, a checkpoint-advice approach may be ideal. A prior review of your relevant GST project documents will be conducted. Advice and guidance will be provided at regular stages or ‘checkpoints’ in your organisation’s GST implementation programme.


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