Synopsis:
The second GST rate hike from 8% to 9% will come into effect on 1 January 2024 and hence, businesses are encouraged to start their preparation early to ensure a smooth transition to the new GST rate of 9%. This e-learning module is designed to equip participants with the knowledge and skills necessary to adapt to GST rate adjustments seamlessly, ensuring compliance and minimising disruption to business operations.
The primary focus areas are:
(1) Transitional rules for rate change and examples are given on how to apply the transitional rules;
(2) Operational and compliance requirements (e.g. price display, issuance of credit notes, volume-related rebates, returned goods);
(3) Errors to avoid during second-rate change; and
(4) To-do list which is essentially a recap of key takeaways.
The e-learning module will also cover the updates on the GST rules from the first-rate change.
Intended For:
Competency Mapping:
Learn anytime, anywhere.
