Perspective in terms of Finance & Accounting side
GST can be defined as a tax on consumption. It is an indirect tax that be charged on goods and services that be sold from one business to another and from another to the end user.
All people should clearly understand what is GST all about. GST is a new tax system in enabling people to manage their firm's operations better, undertake more efficient coordination and effectiveness on company's financial and management system. GST is not more focusing on people that involved in GST matters like Accountant, Finance, and Auditors only, but all people must have knowledge regarding concept and mechanism of GST, what kinds of issues and challenges that related with GST, the impact of GST on company's management and operation also some errors in GST implementation or transactions or filing.
Below are the programs that we provide related with GST:-
- Goods & Services Tax (GST) - The Next Phase
- Goods & Services Tax (GST) For Manufacturing Industry
- Accounting, Managing & Reporting For GST 2015
- Goods & Services Tax (GST) - A Practical Session
Perspective in terms of Strategic Purchasing
The implementation of GST has force the purchasing power become important element in the businesses, as they need to learn and implement new ways to adapt to these changes.
- Strategies and coordinate purchasing process
- Organise and plan purchasing process in smart way
- Integration with suppliers is an effective strategy for improving business performance
- Supply base flexibility (collaborate with fewer supplier to cut cost)
- Formal socialization processes - level of interaction between, and communication of, various actors within and between firms, which leads to the building of personal familiarity, improved communication, and problem solving.
Below are the programs that we provide related with Strategic Purchasing:-
source from:7 malaysian reactions to GST
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