1. GST implementation GST risk areas and the impact to process and procedures www.pwc.com

2. PwC GST Return 2

3. PwC GST Return 3

4. PwC Risk areas GST Output tax Input taxTransitions 4

5. 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

6. PwC Risk areas – output tax 6

7. PwC Risk areas – output tax 7

8. PwC Risk areas – output tax 8

9. 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

10. PwC Risk areas – input tax 10

11. PwC Risk areas – input tax 11

12. 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

13. PwC Risk areas – transition 13

14. PwC Risk areas – transition 14

15. 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

16. 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

17. The end This publication has been prepared for general guidance on matters of interest only, and does not constitute professional advice. You should not act upon the information contained in this publication without obtaining specific professional advice. No representation or warranty (express or implied) is given as to the accuracy or completeness of the information contained in this publication, and, to the extent permitted by law, PricewaterhouseCoopers Taxation Services Sdn Bhd, its members, employees and agents do not accept or assume any liability, responsibility or duty of care for any consequences of you or anyone else acting, or refraining to act, in reliance on the information contained in this publication or for any decision based on it. © 2014 PricewaterhouseCoopers Taxation Services Sdn Bhd. All rights reserved. In this document, “PwC” refers to PricewaterhouseCoopers Taxation Services Sdn Bhd which is a member firm of PricewaterhouseCoopers International Limited, each member firm of which is a separate legal entity.