Digi business marketing and operations head Steven Soon (second from left) delivering his speech as (from left) Johor South SME Association advisor Teh Kee Sin, RHB Bank Bhd commercial banking head Azlina Safian and PKT Logistics Group Sdn Bhd chief operating officer P’ng Tean Hau look on duri...
One for the album: (From left) Teh, Soon, Azlina and P’ng posing for photograph after their panel discussion session at the SOBA LAB programme at Trove Hotel in Johor Baru.JOHOR BARU: Digitalisation is the way forward for small and medium enterprises (SMEs) and they have to start planning now,...
Unofficial figures show that some 300,000 Malaysians commute daily from Johor to Singapore to work. — FilepicJOHOR BARU: The state government is looking at the positive angle when it comes to the high number of Malaysians, including Johoreans, working in Singapore.Johor education, human resour...
An SME expo showcasing the productsKUALA LUMPUR: Malaysia's small business sector experienced positive business conditions in 2018 and confidence in business and economic growth is at its highest point since 2012, according to new survey data released today by CPA Australia. The findings from CPA A...
KUALA LUMPUR: Small and medium enterprises (SMEs) should capitalise on the RM517mil funding made available by Malaysian Industrial Development Finance Bhd’s (MIDF) and Malaysian Technology Development Corp (MTDC) under the Soft Loan Scheme for Automation and Modernisation (SLSAM).MIDF group ma...
PETALING JAYA: Finance Minister Lim Guan Eng is tabling Budget 2019 in Parliament, the first federal budget by the Pakatan Harapan government.The tabling of the Supply Bill (Budget) 2019 will commence before Dewan Rakyat Speaker Datuk Mohamad Ariff Md Yusof, and will be debated by the Members of Par...
Many SMEs Do Not Understand GST's Registration Mode
PUTRAJAYA, July 14 (Bernama) -- Many small and medium enterprises (SMEs) still do not understand the Goods and Services Tax (GST) and mode of registration, said Deputy Finance Minister Datuk Chua Tee Yong.
"They do not understand the information required in the registration forms.
For example, the industry code is one of the issues they face during the registration process," he told reporters after meeting 10 representatives of SME associations from the motoring sector here Monday.
Since registration for the GST opened on June 1, only 4,000 companies had registered their businesses under the MyGST system, a far cry from the Customs Department's target of 100,000 by year-end, he said.
Chua urged the Customs Department, through its 53 offices nationwide, to furnish information on the GST to businesses, starting with committee members of SME associations and assist them in the registration exercise.
He hoped that there would be a grace period to educate businesses on errors made instead of issuing them with summonses right away with the implementation of the GST on April 1 next year.
The Finance Ministry will consider a request made by small businesses for the GST software grant to be increased from RM1,000 to RM3,000 to enable them to organise training, especially on software accounting, he said.