Malaysia’s GST will be 0% effective 1 June 2018

The Ministry of Finance of Malaysia has declared that the goods and services tax (GST) will be zero-rated from 1 June.

According to the official release posted on the official Ministry of Finance Facebook page, this will cover both local and imported goods and services. GST isn’t abolished but its current 6% rate will reduce to 0% effective 1 June 2018 nationwide until further notice. This excludes goods and services that are currently GST exempted.

The release also mentions that all registered businesses must follow the new zero rating and they must adhere to the current practice of issuing tax invoices, submission of tax statements and claiming of input tax credit.

The Royal Malaysian Customs Department has also shared the same post from the Ministry of Finance. For further clarification, the Royal Malaysian Customs Department is reachable at 1 300 88 8500 or 03-7806 7200.
Link: https://www.facebook.com/JabatanKastamDirajaMalaysia/posts/1777450235657548

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

Smart Full F&B POS System & Smart Full Retail POS System: Raya Promotion Until 31/07/2017

 

 

 

If you interesting or would like to learn more about it, please contact us. We stand by you expertly. 

 

 

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile/Whatsapp : 011-10161636
Email : infor@vivid.com.my

Smart Cover

Cover is about renewing your software license upgrade; to assure it is running at top form consistently. By doing so, system usage is maximized, snags resolved soonest, business enjoy higher return on software investment & lower risk of lost productivity. Working like a yearly subscription plan, the fee is set low. so that your software investment is protected for years to come. INQUIRE MORE, Call us 03-91722228 or see http://www.smart-bizsolution.com

Smart – DynaMod (New Module)

DynaMod is a new generation Multi Chain Management solution that consists of POS, inventory, accounting & integrate-able systems. Creator Smart-Acc has envisioned to deliver powerful, fast and great balance of aesthetics, functionality to elevate business performance instantly that hosts 12000 clients.

FEATURES OF DYNAMOND

• CORE PERFORMANCE:

DynaMod offers superior scalability and modularity to support all business sizes and functions. You’ll gain full control & stay flexible as you strive to open more doors of business and experience the multi-abilities of:

· Quickens businesses’ operational processes & reduce repetitive workloads

· Back-to back & back-to-front data seamless data communal

· Resources savings on integrated solutions

· Info & analysis anytime anywhere

• EMPOWER SOLUTIONS

In collecting DynaMod a power business tools, the system developed tech tools that crafted:

· Great uptime to facilitate stores and headquarters’ needs

· Speedy and seamless flow that enhances user experience

· Consolidate chain and group of data to enable more accurate analytics

· Fantastic flexibility to control or adapt to retail environment with new amazing features

• The future is here

DynaMod is built to answer your current and future operational needs. Integration ability of Business solutions: e-commerce, iBank & backend financial modules which:

· Link to retail solutions: mall tenant, royalty members & credit card merchants

· Smooth flow & friendly outlook that enable easy usage & personalize

• HIGHLY USEABLE

Strength of more than 300 features

To say that DynaMod is feature-packed is an understatement. The popular, proven and efficient features have been handpicked based on our years of experience in POS systems. These superiorly advantageous features are largely focused on retail and F&B environments. Depth & versatile functions are well covered.

• Modern Friendly Design

Friendly touch navigation & fast assess enable easy usage for

· Info-gathering via questionnaires to help start-ups soar

· Consulting and project managing start-ups,

· mid-sized companies and multi-chain business

· Scheduling and implementing checklists,

· training manuals and so on

• 300 plus top-notch features

· Subsidiary, franchise & all branches

· Stock matrix

· POS setting

· Centralized voucher

· Connection checker

· Auto sales update

· Clone POS terminal setting

· Purchase plan

· Promotion plan

· Profit estimator & many more

9 MAGNIFICENT MODULES

All . Essential . Seamless . Smooth . Fast .

Linked right from the start to empower great business efficiency& productivity

POS MANAGEMENT MODULE

INVENTORY MODULE

ACCOUNTING MODULE

BIZ INTELLIGENCE MODULE

CUSTOMER MODULE

SUPPLIER MODULE

PROMOTION MODULE

MEMBER MODULE

COMMON& UTILITY MODULE

For more information, please call 03-91722228 or visit www.vivid.com.my.

Smart Update: E-Voucher for GST

Refer to below how to apply E-Voucher.

How much is the financial assistance?

The financial assistance has been structured to assist as many SMEs as possible. Therefore the final amount is RM 1,000 per qualified SME.

How do I qualify?

The requirements set-out by the authorities are simple and provided on the E-Voucher website. We made a quick summary below.

· The business equity must be at least 51% Malaysian.

· If you are in the manufacturing sector then your annual revenue should be less than RM 50 million or the number of full-time employees less than 200 persons.

· If you are in the service sector then your annual revenue should be less than RM 20 million or the number of full-time employees less than 75 persons.

· You should not be a PLC, subsidiary of a PLC, an MNC, subsidiary of an MNC, GLC, MKD, or a State-Owned Enterprises.

Remark: Before applying E-Voucher for GST, please get an advice either from your accountant or tax consultant first.

How do I apply?

Step1	Register for GST You will be first required to register for GST to attain your GST number, a requirement for the financial assistance program. The registration for GST has been opened since June 1, 2014 and is applicable for all businesses whom have annual revenue above RM 500,000. You can register via the Royal Malaysian Customs's website http://gst.customs.gov.my/ Refer to TAP (Tax Payer Access Point)
Step2	Apply for E-Voucher The financial assistance is provided via E-Vouchers which can be used against your new purchase of software or software upgrades including training. This process is entirely online. You can apply for the E-Voucher via SME Corp's website http://gst-evoucher.smecorp.gov.my/eng/index.html
Step3	Get your GST Compliant Software Call 03-91722228 or email to us for more information.

Important considerations

· The number of E-Vouchers provided is limited to the fund size, therefore it is on a first-come, first-serve basis.

For upgrading software & new purchase; please call 03-91722228. For more detail please visit www.vivid.com.my

Smart Software and GST in Malaysia

This statement follows the announcement made by Malaysia’s Prime Minister, Datuk Seri Najib Razak, during the Budget 2014 speech on 25th October 2013. GST for Malaysia has been confirmed and is to be enforced on 1st April 2015. Smart Software acknowledges the announcement and would like to provide the following response to matters that relate to the impact of GST on our customers and products in Malaysia.

The implementation of GST can have an impact on business processes, practices as well as documentation. The Royal Malaysia Customs should be providing more detailed specifications and requirements soon. Compliance can be achieved through a simple, easy and affordable program. We will be sharing this within the next few weeks for the benefit of everyone.

Stay tuned to this website as we will bring in more information very soon.

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Introduction of Smart BizSQL Inventory and features.

It’s easy to monitor stock movement with Smart Inventory. Just set up the system and be in the know of stock transactions at any time. A report is at your disposal should you require it.

• Maximizes profits from streamline inventory
• Improve cash flow by reduce slow moving stocks
• Good merchandise decisions to get more sales
• Never run out of stock to remain happy customers
• Build royalty customers with effective promotion campaign
• Solutions ready to support multi stores growth
• The inventory module is linked to the accounts module to enable quick assessment of profitability.

 
Features of Smart BizSQL Inventory

Maintain Stock Item
- Set standard of different price for stocks at different outlets
- Multiple units of measurement  & multiple bar code
- Flexible stock codes to suit business operations
- Handle complex inventory situation: matrix, barcodes label and assemble.
- Set stock multi pricing, stock taxation

Fully Manage
- Manage promotions for ever increasing new products
- Save members data for loyalty program
- Control stock movement, transfer & transit within outlets & branches
- Stay competitive with versatile pricing by location or store
- Manage returns stocks – expiry / damage / warranty etc

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com