sponsor for private event / gathering

our pet shop sponsors  lucky draws gifts for a private cat gathering which do not involve any identifiable benefits in return .  Some of the gift are free  gifts from bulk purchase while others do incurred input tax during our purchase ( total amount gifts less than RM 500 )  . SO how should i treat this ? my tax code should be Os?  please advice . Since this  is a private gathering , do i need any supporting document ( letter/ picture )  for this transaction ?

Asked on January 30, 2016 2016-01-30 02:38:14 Business (商家)
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3 Answer(s)

GSt Tax code is DS.

Answered on February 1, 2016. 2016-02-01 03:11:11
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I want to know why use tax code DS? Is subject to gst gift rule?
if the amount is less than RM500 per person, should not be charge to DS right?

Answered on July 21, 2016. 2016-07-21 07:13:54
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Free gifts value below RM500.00 no need issue tax invoice but value above RM500.00 need to account for GST @ 6% (tax code is DS) and issue tax invoice.

Answered on November 12, 2016. 2016-11-12 06:38:35
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