Sunday, 14 September 2014

Malaysia GST - Retailer Purchase with Purchase

Purchase with Purchase

#GST20

6 Promotion Items:
i)   Discounts 
ii)  Samples
iii) Purchase with Purchase
iv) Tie-In Goods
v)  Gifts


vi) Monetary Vouchers

Do you like shopping? If yes, then this piece of information is meant for you. 

If you purchase a Polo Shirt of ABC Brand for an amount of RM100, the retailer will offer you to purchase a second item at a special price say RM50.00 (normal price is RM70 if you buy the first piece). What do you think, do you need to pay GST or Not for the second purchase? If yes, how much?

Note: GST charged on second purchase based on Net Price.

Answer:

First Polo = RM100 X 6/106

Second Purchase = 50 X 6/106


Hope it will help in your implementation and a have a smooth transition on 1 April 2015. 


CUKAI BARANG DAN PERKHIDMATAN (lebih dikenali sebagai GST)


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