Whilst we in Malaysia ponder over the effects of a 6% GST, let us go around the world to have a look at the current GST/VAT rates to bring our scenario into perspective.
What are the documentation and proper GST treatment of all my different business transactions? Strong preparation, saves a lot of time and headaches.
A proper implementation will definitely reap rewards for by reducing the complexity for your internal users and creating smooth operational effectiveness.
Constant checking will make sure your preparation and implementation with great intentions will continue to serve you well and avoid issues with taxes.