Business.Com.My - Malaysia Goods And Services Tax (GST) Information
GST Type Of Supply
Standard-rated supplies are taxable supplies of goods and services which are subject to GST at standard rate.
A taxable person who is registered
under GST has to collect GST on the supply and is eligible to claim input
tax credit on his business inputs in making taxable supplies.
Zero-rated supplies are taxable supplies of goods and services which are
subject to GST at zero percent rate. In this respect, businesses do not
collect any GST on their supplies but are entitled to claim credit on inputs
used in the course or furtherance of the business.
Exempt supplies are supplies of goods or services which are not subject
to GST. In this context, businesses do not collect any GST on their supplies
and are not entitled to claim credit on his business inputs.
Supplies not within the scope of GST
Supplies which do not fall within the charging provision of the GST Act
include non-business transactions, sale of goods from a place outside
Malaysia to another place outside Malaysia as well as services provided by
the Government sector.