Requirements under s.58 GSTA and Part X of GST Regulations 2014 are fulfilled; and
The supply is made by a GST registered person to another GST registered person; and
(iii) The bad debt relief shall be claimed immediately in the taxable period after the expiry of the sixth month from the date of supply
Decision (iii) renumbered as (iv)(wef 28/10/2015)
New Decision (v) was inserted as follows: (wef 28/10/2015)
(v) A GST registered person who has made the input tax claims but fails to pay his supplier within six months from the date of supply shall account for output tax immediately after the expiry of the sixth month (s.38(9) GSTA)
Decision (iv) renumbered as (vi) and restated. (wef 28/10/2015)
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Item 5, 2-2014
Voluntary Registration for pre commencement of business
Decision (ii) was substituted as follows (wef 28/10/2015)
(ii) The total taxable supply is expected to exceed the threshold within 12 months from the date of application.
(ii) The first taxable supply is made within 12 months from the date of applications.
Whether an individual has to charge GST when making a supply of his commercial property?
Decision (iii) was substituted as follows (wef 28/10/2015):
(iii) Any individual owning commercial property at any one time –
make a supply of two commercial properties or commercial land not exceeding 1 acre would be treated as not carrying out business even if the sale is more than RM500,000 in a 12 months period
would also be treated as not carrying out business if there is no intention of making a supply;
make a supply of rental services on such property is liable to be registered when the turnover for such supply exceeded the threshold amount of RM500,000.
(iii) Any individual who is not a GST registered person is treated as carrying out a business if he at any one time owns –
commercial property or commercial land worth more than 2 million ringgit at market price;
(iv) Any individual mentioned in paragraph (iii) is liable to be registered as a GST registered person if –
he has the intention to supply any of his commercial properties or commercial land; AND
the total value of such supply exceeds the prescribed
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threshold in 12 months periods. (v) ‘at any one time’ mentioned in paragraph (iii) means at any point of time in his lifetime commencing after the effective date. (vi) Any individual is treated as carrying out a business and making a supply of taxable service if:
What is the GST treatment for disbursement and reimbursement
Decision (3) was amended as follows (wef 28/10/2015):
In general, the criteria for disbursement and reimbursement for GST purpose are as follows-
(3) In general, to determine whether it is a disbursement and reimbursement for GST purpose, registered person must fulfilled all the following criteria -
