KUALA LUMPUR, July 10 (Bernama) — The demand for Goods and Services Tax (GST) software is expected to drive the growth of the computer industry by between eight and 10 per cent this year, says Tax Advisory And Management Services Sdn Bhd (TAMS).
Executive director Yong Poh Chye said once the GST is implemented on April 1 next year, companies need to use specific GST compliant software.
“Although, there are many GST compliant software vendors in the country, only 55 are accredited as such.
“These 55 different vendors specialise in different industries,” he told reporters on the sidelines of the National GST Conference 2014 here today.
The Conference is jointly organised by the Malaysian National News Agency (Bernama) and TAMS.
Yong said companies are advised to look for the appropriate GST software from the accredited vendors.
“Most importantly, they need to know that the software is GST compliant, meaning, it can produce GST files according to the requirements of the Royal Malaysian Customs,” he added.