Fixed Asset

Hi,
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?

Asked on December 5, 2018 2018-12-05 14:18:49 Business (商家)
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5 Answer(s)

Only assets above RM100K need to report.

Answered on December 6, 2018. 2018-12-06 03:26:37
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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?

Answered on December 9, 2018. 2018-12-09 12:27:36
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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.

Answered on December 10, 2018. 2018-12-10 01:27:09
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for column 16, the Total Value of Capital Goods Acquired is exclude or include gst?

Answered on December 11, 2018. 2018-12-11 10:09:48
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Exclude GST.

Answered on December 12, 2018. 2018-12-12 06:11:44
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