Malaysia legislation
Section 73
Section 73
(2)
Notwithstanding section 9, where the supplier makes any prescribed supply of goods to the approved jeweller and the prescribed supply of goods is a taxable supply—
(a)
the supplier shall charge tax and is not liable to account for the tax in respect of that supply; and
(b)
the approved jeweller is not required to pay the tax charged in paragraph (a) to the supplier but shall account the tax in his return.
Act 762 BI Teks 1.indd 88 6/19/14 5:56:14 PM
Goods and Services Tax 89
(3)
Notwithstanding section 11, the prescribed supply of goods shall be treated as taking place at the earlier of the following time:
(a)
whenever a payment in respect of the prescribed supply of goods is made; or
(b)
when the approved jeweller receives a tax invoice relating to the supply.
Flat Rate Scheme