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Quotation of Price

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Quotation of Price

Post by Evon on Wed Mar 18, 2015 3:17 pm

Hi,

1. Can we mentioned GST amount in our quotation sent to customer?

Evon

Posts : 27
Join date : 2015-03-13

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Re: Quotation of Price

Post by joseph on Wed Mar 18, 2015 10:32 pm

Prices shown should be GST inclusive. DG does allow exception if your company only sells to another GST-registered person. DG's Panel Decision 1/2015, Item #3:


_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Quotation of Price

Post by Evon on Thu Mar 19, 2015 10:13 am

Hi,

Can we show the quoted price as per following format:

Item 1: RM100.00
Item 2: RM900.00
-----------------
Total : RM1,000.00
GST6%:RM 60.00
-------------------
Total :RM1,060.00
--------------------

Evon

Posts : 27
Join date : 2015-03-13

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Re: Quotation of Price

Post by joseph on Thu Mar 19, 2015 10:38 am

Yes, if you are selling to GST-registered persons.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Quotation of Price

Post by Evon on Thu Mar 19, 2015 10:47 am

Hi ,

If we sell to Non registered person, can we show as per following format:

Item 1: RM106.00
Item 2: RM954.00
-----------------
Total: RM1,060.00
-----------------
The price quoted above is inclusive of 6% GST.

Evon

Posts : 27
Join date : 2015-03-13

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Re: Quotation of Price

Post by joseph on Thu Mar 19, 2015 11:17 am

Yes, and the sentence on "The price quoted above is inclusive of 6% GST" (for clarity purpose only) may be omitted because all prices after 01/04/15 are expected to be GST-inclusive.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: Quotation of Price

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