What services are subject to service tax Malaysia?

What is subject to service tax in Malaysia?

Service tax is a consumption tax levied and charged on: any taxable services (including digital services) provided in Malaysia by a registered person in carrying on his business; any imported taxable services acquired by any person who carries on business in Malaysia; and.

Which services are taxable under service tax?

1. Levy of service tax

Sr.No Service Category Date of Introduction
28 Cost Accountant 16.10.1998
29 Courier Services 01.11.1996
30 Credit Card, Debit Card, Charge Card or other payment card related services 01.05.2006
31 Credit Rating Agency 16.10.1998

What services are exempt from service tax?

Service Tax Exemptions apply to the following services outlined under the negative list

  • Production.
  • Harvesting.
  • Testing.
  • Cultivation.
  • Agricultural protection.
  • Supply of manpower to farms.
  • Any agricultural process taking place on a farm.
  • Lease of equipment or land.

Who is subject to SST in Malaysia?

The SST has two elements: a service tax that is charged and levied on taxable services provided by any taxable person in Malaysia in the course and furtherance of business, and a single stage sales tax levied on imported and locally manufactured goods, either at the time of importation or at the time the goods are sold …

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How much is the service tax in Malaysia?

The current rate of service tax is 6%. Taxable services are prescribed in broad categories on a positive list. If a service is not specifically prescribed as a taxable service, then it will not be within the scope of the service tax.

What are the taxable services?

“Taxable Service” means any service provided or to be provided to a client by any person in relation to business auxiliary service.

What is service for the purpose of service tax?

Definition: Service tax is a tax levied by the government on service providers on certain service transactions, but is actually borne by the customers. … This tax is payable only when the value of services provided in a financial year is more than Rs 10 lakh. This tax is not applicable in the state of Jammu & Kashmir.

Who is the responsible to collect the service tax?

Person liable to pay service tax is governed by Service Tax Rules, 1994 he may be service provider or service receiver or any other person made so liable. It is an indirect tax wherein the service provider collects the tax on services from service receiver and pays the same to government of India.

Are doctors liable for service tax?

a) The amount booked under “collection charges/facilitation fee” of doctors is not liable to service tax under Business Support Service. In terms of Section 65(104c) of the Finance Act, 1994, doctors are not “business entities” and are not engaged in a business or commerce.

What happens if service tax return is not filed?

If an assessee has not filed his or her service tax return, then a late payment fee of Rs 500 will be charged for the initial 15 days of delay. If an assessee has not filed his or her service tax return, then a late payment fee of Rs 1,000 will be charged for delays ranging from 15 to 30 days.

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Can I pay service tax now?

Under EASIEST, the assessee is required to access the NSDL-EASIEST website, https://cbec-easiest.gov.in/EST/ and select the option, E-Payment (Excise & Service Tax).

Electronic Payment of Central Excise Duty and Service Tax through EASIEST.

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