Statutory Reporting

To comply with GST, the GST summary sheet or the summary of the value of purchase/supply and input/output tax for each taxable period should be provided.

To ensure submission of the correct and accurate GST returns and to assist any audit process, it is advisable to maintain a record on a GST summary sheet. The GST summary sheet is a summary of the value of acquisition/supply and input/output tax for each taxable period.

For every taxable period, update the records and prepare the GST summary sheet with separate headings as follows:

• Total Acquisition and Input Tax
• Total Supply and Output Tax
• Additional Information

The multi-country reports cover the Malaysian requirements.