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Service tax to be raised to 8%, says PM

PETALING JAYA: The government plans to raise service tax from 6% to 8% but this will not include services such as food, beverages and telecommunications, says Prime Minister Anwar Ibrahim. ....

Malaysia General , Anwar Ibrahim , Parliament On Friday Oct , Prime Minister Anwar , Value Goods Tax , Budget 2024 , Service Tax , Oe Invoice ,

E-invoicing set to make life easier

PETALING JAYA: The implementation of the electronic invoicing system (e-invoicing) from next June at selected businesses should be viewed positively as it helps enhance business efficiency, say business groups. ....

Malaysia General , Datuk Koong Lin Loong , National Chamber , Association Of Malaysia Samenta , Services Tax , Inland Revenue Board , Chinese Chambers , Tan Sri Soh Thian Lai , Electronic Invoice , Oe Invoice ,

e-invoice systems: Businesses over turnover over Rs 100 cr cannot report e–invoices older than 30 days from Nov 1

Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses. ....

Rajat Mohan , Aggregate Annual Turnover , Central Board , Indirect Taxes , Invoice System , Invoice Registration Portal , Invoice Reference Number , E Invoice Systems , Oe Invoice ,

e-invoice systems: Businesses over turnover over Rs 100 cr cannot report e –invoices older than 30 days from Nov 1

Businesses in India with an aggregate annual turnover of over Rs 100 crore will now have a time limit of 30 days to report e-invoices under the goods and services tax (GST) system. This decision by the GST Authority amends the previous proposal of a seven-day time limit, taking into account concerns raised by businesses. ....

Rajat Mohan , Aggregate Annual Turnover , Central Board , Indirect Taxes , Invoice System , Invoice Registration Portal , Invoice Reference Number , E Invoice Systems , Oe Invoice ,