Mon11202017

LAST_UPDATEMon, 20 Nov 2017 2am

GST: Handwritten Receipts Can No Longer Be Issued After September 30

PUTRAJAYA – In compliance with the Goods and Service Tax (GST) standard, traders and small businesses will no long be able to issue handwritten receipts of invoices after September 30 this year.

Customs Department GST Division director Datuk Subromainam Tholasy said that entertainment outlets such as pubs and karaoke joints, pharmacies, bookshops, grocery and sundry stores, hardware shops, and mini markets would instead need to have a point-of-sales (POS) system to issue invoices that were printed and numbered, a local English news daily reports.

He added that businesses that have frequent sales but are small in value will also have to comply with this regulation.

“We are not imposing it on others such as contractors and air-conditioner repairmen, for example. They can still issue the normal receipts,” he explained.

“But we are worried about grocery stores, sundry shops, mini markets, pharmacies, and hardware and book shops. They must have a POS system or at least a GST-compliant cash register,” he expanded further.

Initially Royal Malaysian Customs had set a deadline of April 30 for traders and businesses to configure their POS system and issue printed receipts.

However, they received an overwhelming amount of complaints from consumers who were issued handwritten invoices.

“That is why we are giving these businesses time to ensure that they fully comply with the system and settle the matter once and for all,” he said.

Subromaniam also said the new system should not be a big issue for traders and businesses as it only costs around RM3,000 to RM5,000 and they can claim it as an income tax deduction.

 

- mD