Malaysia has approved the abolition of the Goods and Services Tax (GST) introduced three years ago. Sales and Services Tax (SST) applicable from Sep 1, 2018 replaces it. Deskera ERP will assist its customer remain compliant with applicable tax system.
An example below shows the differences between SST & GST (we have made certain simplistic assumptions for demonstration purpose):
Please refer to the table below for comparison of two tax system:
Source – NST