Accounting for SST

1. Sales Tax

Accounting Basis
★ Accrual basis 

Sales Tax Required to Be Accounted 
★ At the time when the goods are sold, disposed or first used.

2. Service Tax

Accounting Basis 
★ Payment basis

Service Tax Required to Be Accounted:

a. At the time when the payments is received 

b. On the day following period of twelve month when any whole or part of the payment is not received from the date of the invoice for the taxable service provided.

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Edited by: 浪子

Bibliography

Royal Malaysian Customs Department. (n.d.). Accounting for SST. Retrieved from 
https://mysst.customs.gov.my/SSTAccounting