Registration with Royal Malaysian Customs Dept (RMCD)
Must be done 3 (THREE) MONTHS
BEFORE GST implementation date
Refer:
http://gst.customs.gov.my
GST Act 2014, Section 184 (2):
Mandatory for
1. COMPANIES and
2. INDIVIDUAL BUSINESSES
3. Taxable supplies EXCEEDING RM500,000 ANNUALLY
*Register before 31 December 2014
Fail to do
GST Act 2014, Section 96:
Businesses can be
1. Fined RM30000 or
2. Imprisoned for up to TWO YEARS or
3. Both
*Source: Money Compass Volume 14
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