Fixed Asset selling between LMW

Fixed asset selling between 2 LMW companies, is it subject to GST 6%, SR? Or it should be remained as relief supply, RS?
If this case should be relief supply/purchase, shall it be reported in column 16 in GST03 form?

Asked on August 26, 2016 2016-08-26 03:33:18 Business (商家)
Add Comment
1 Answer(s)

RS under Relief Supply.
We only need to fill up C16 if the purchase of capital good

  • Is subject to GST (with input tax), and
  • Is not from non-registered person, and
  • It is not under margin scheme, and
  • The input tax is not blocked.

Therefore, you only need to fill up for (3) & (4).

Reference: Panduan Mengisi Borang GST-03

Answered on August 26, 2016. 2016-08-26 07:08:30
Add Comment

Your Answer

By posting your answer, you agree to the privacy policy and terms of service.