Amendments to DG’s Decision 1/2018 & 3/2018 by the Royal Malaysian Customs Department
The Royal Malaysian Customs Department has made amendments to the DG’s Decision for 1/2018 and 3/2018. The amendments affect the areas of tax invoice issuance, and submission of the goods and services tax return.
Amendments to the Issuance of Tax Invoice
Under the Goods and Services Tax (GST) Act 2014, tax invoices, debit and credit notes may be issued after 1 September 2018 for any taxable supply of goods or services made or performed before 1 September 2018.
Any tax invoices, debit or credit notes which are issued after 29 December 2018 for any taxable supplies which are made before 1 September 2018 will be subjected to an audit.
Amendments to the Submission of GST Return
Section 6 and 8 for the GST (Repeal) Act 2018 stipulates that any person registered under the repealed GSTA is required to submit their GST tax returns for the last taxable period. The payment must be made within 120 days from 1 September to 29 December 2018.
Any input credit tax allowable can be claimed within 120 days from 1 September 2018 to 29 December 2018. Any extension applied after the 120 days will be subjected to the approval of the Director General. Extension approval may be granted on the grounds which are acceptable and reasonable, such as for example the retention sum where defect liability is given for a period beyond 29 December 2018.