GST implementation GST risk areas and the impact to process and procedures

PwC GST Return 2

PwC GST Return 3

PwC Risk areas GST Output tax Input taxTransitions 4

PwC Risk areas (cont’d) GST Output tax Input taxTransitions 5 Identification and classification of supply Deemed supply of goods / services Time of supply Inter-company transactions Disposal of business assets Employees benefits Bad debts relief

PwC Risk areas – output tax 6

PwC Risk areas – output tax 7

PwC Risk areas – output tax 8

PwC Risk areas (cont’d) GST Output tax Input taxTransitions 9 Identification and classification of supply Deemed supply of goods / services Time of supply Inter-company transactions Disposal of business assets Employees benefits Bad debts relief Vendors GST status Input tax claim Incidental financial services / De minimis rule Attribution & apportionment Capital goods adjustment

PwC Risk areas – input tax 10

PwC Risk areas – input tax 11

PwC Risk areas (cont’d) GST Output tax Input taxTransitions 12 Identification and classification of supply Deemed supply of goods / services Time of supply Inter-company transactions Disposal of business assets Employees benefits Bad debts relief Selection of vendors Input tax claim Incidental financial services / De minimis rule Attribution & apportionment Capital goods adjustment Cut off procedures Sales tax refund Sales tax / service tax closure Contract

PwC Risk areas – transition 13

PwC Risk areas – transition 14

PwC Risk areas (cont’d) GST Output tax Input taxTransitions 15 Classification of supply Deemed supply of goods / services Time of supply Value of supply Selection of vendors Input tax claim Incidental financial services / De minimis rule Attribution & apportionment Capital goods adjustment Cut off procedures Sales tax refund Sales tax / service tax closure Contract Disposal of business assets Employees benefits Bad debts relief

PwC Other considerations Training of staff at all level Updating of processes and procedures Management of GST post 1 April 2015 Management of Customs audits 16

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