GST Tax Code: DS(6%)
GST is chargeable on supplies of goods and services.
For GST to be applicable there must be goods or services provided and a consideration paid in return.
However, there are situations where a supply has taken place even though no goods or services are provided or no consideration is paid.
These are known as deemed supplies.
Examples include free gifts (more than RM500) and disposal of business assets without consideration.
GST-03 Field : 5(a) & 5(b)