SST

Question 1

transaction btwn manufacturer & related party

Answer 1

sales value @ MV

Question 2

goods disposed other than sales (donations)

Answer 2

SV @ selling price to independent person

Question 3

Drawbacks QC

Answer 3

1. goods been imported w/in 6 months from purchase
2. application made w/in 3 months exportation
3. payment not been prohibited
4. goods not been used after importation
5. declare the goods not be detained in msia

Question 4

QC refund of ST for Bad debts

Answer 4

1. whole / part of ST payable has been written off

2. reasonable effort has been made to recover ST

Question 5

threshold:

1. F&B
2. credit card
3. other than above

Answer 5

1. 1.5mil
2. Nil, 25
3. 500k

Question 6

offences & penalty

1. general
2. tax evasion
3. incorrect info
4. refund
5. insult rmcd

Answer 6

1. 30k + 2 yrs
2. 10x amt of tax + 5 yrs
3. 50k + 3 yrs
4. 50k + 3yrs
5. 100k + 5 yrs