DIR Return Create A Forum - Home
       ---------------------------------------------------------
       GST AUDIT FILE
  HTML https://mygafcom.createaforum.com
       ---------------------------------------------------------
       *****************************************************
   DIR Return to: General Discussion
       *****************************************************
       #Post#: 170--------------------------------------------------
       MSIC Code
       By: AngelGST Date: July 29, 2017, 11:33 pm
       ---------------------------------------------------------
       Now we do trading business
       Sell almost everything
       I see only see satu MSIC Code in GST03 Tax Return
       Boss want to open Kedai Makan
       Do I need to apply to KASTAM for 1 more MSIC Code
       I told my boss about MSIC Code & he told me don't waste my time
       As long as pay GST, everything ok
       #Post#: 184--------------------------------------------------
       Re: MSIC Code
       By: Lamlyew Date: July 31, 2017, 2:12 am
       ---------------------------------------------------------
       Regarding MSIC coding  ..firstly there is no provision in the
       GST Act for MSIC codes.
       MSIC codes are reported in GST-03. Note that the provision in
       GST Act provides for wrongful reporting and so, you may still be
       liable for reporting wrong in the GST-03 (that is ...if Kastam
       want to become really picky about this issue).
       Note that we are to register the business we are doing when
       registering for GST. Thus is you open a new business, it is the
       tax payer's responsibility to inform Kastam about this. [Note
       that the same applies for Income Tax].
       To summarize, yes ..do register a new MSIC code when you open a
       new and different business.
       However, if a new business is incidental [like selling off your
       assets; old car for example, you need not register that you are
       now in business of selling 2nd hand cars]
       Hope this helps you.
       *****************************************************