GST council sets threshold limit for exemption at 20 lakhs

Dear Customer,

Why GST.GST Malaysia.1gst.com.myThe Ministry of Finance on Monday released draft Rules and formats on GST which is likely to be implemented from 1st April, 2017.

The draft rules and formats are pertaining to GST Registration, Invoice, Payments, Returns and Refunds. In total there are 26 forms under Registration, one format for Invoice, 7 forms under payments, 27 forms under Returns and 10 forms for Refund.

The GST council will be finalizing the draft rules in its next meeting to be held on Sept 30.

Click here for detailed Draft Rule and Format.

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