Royal Malaysian Customs Department (RMCD) – GST Project
Before you explore our client project portfolio, take some time to explore the application and find out about the
basic features available. This chapter provides an overview of the system and describes the basic
features to help you trust our capabilities.
Royal Malaysian Customs Department (RMCD) – GST Projectadmin2021-08-07T04:27:07+00:00
Project DeliverClients Portfolio
Project Name : MyGST Tax Administration System
MALAYSIA GOOD & SERVICES TAX (GST)
GST is levied on the supply of goods and services at each stage of the supply chain from the supplier up to the retail stage of the distribution. Even though GST is imposed at each level of the supply chain, the tax element does not become part of the cost of the product because GST paid on the business inputs is claimable. Hence, it does not matter how many stages where a particular good and service goes through the supply chain because the input tax incurred at the previous stage is always deducted by the businesses at the next step in the supply chain.
The basic fundamental of GST is its self-policing features which allow the businesses to claim their Input tax credit by way of automatic deduction in their accounting system. This eases the administrative procedures on the part of businesses and the Government. Thus, the Government’s delivery system will be further enhanced.
The Features of Project MYGST
“GST which is also known as VAT or the value added tax in many countries is a multi-stage consumption tax on goods and services.”
What is TAP?
TAP is an easy and convenient way to update account information as well as file your GST return in the near future.
What can I do using TAP?
online update of contact information and names and addresses,
view account summaries and transaction lists, file returns online, make payments and link to a payment portal to make other types of payments,
Check refund status,
Grant your account representative (accountant, bookkeeper, etc.) third-party access to use TAP on your behalf.