When we buy fixed assets such as computer, cars, furnitures etc, do we need to declare the cost of this assets in Section 16 of the GST03 form in the taxable period we bought the assets?
Only assets above RM100K need to report.
1. in 2016, if we have acquired assets and recorded the vendors invoice according TX-S, say 106k (gst inclusive) in 6(b)
2. but did not declare the amount 100k in 16 – total value of capital goods acquired
what should I do now?
This is already 2 years old and you should consult the Officer at the Customs near your place on how to go about it. Their advice is valuable when it comes to the final submission of Form GST-03 at the end of December, 2018.
for column 16, the Total Value of Capital Goods Acquired is exclude or include gst?
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