Convincing Features
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Date
Universiti Teknologi MARA – Malaysian Taxation (TAX 317)
Assessment: Group Project (50 marks)
You are required to create a business entity located in Malaysia that manufactures taxable goods not exempted under the Sales Tax Act 2018, Sales Tax (Exemption from Registration) Order 2018, or any applicable exemption orders.
Your business profile should include:
i. Name and type of business organization
ii. Date of business registration and commencement
iii. Registered address and contact details (telephone, email)
iv. Place of manufacturing address
v. Names of owners/directors
vi. List of taxable goods (at least two products) manufactured by your business
The following assumptions apply to your created business:
a. Small scale manufacturing activities
b. Financial year ends on 30 September each year
c. Sales are both cash and credit
d. All goods manufactured and sold are taxable goods
e. Monthly Sales Report is provided below (cash & credit within Malaysia and to designated areas/special areas/overseas)
| Month | Cash (RM) | Credit (RM) | Export / Designated (Cash) | Export / Designated (Credit) | Total (RM) |
|---|---|---|---|---|---|
| Aug-22 | 5,000 | 13,000 | 1,000 | 10,000 | 29000 |
| Sep-22 | 4,800 | 18,000 | 2,000 | 9,000 | 33000 |
| Oct-22 | 4,600 | 21,000 | 3,000 | 8,100 | 36000 |
| Nov-22 | 5,600 | 19,000 | 4,000 | 5,200 | 33000 |
| Dec-22 | 11,200 | 24,400 | 4,200 | 8,200 | 48000 |
| Jan-23 | 12,000 | 30,000 | 5,400 | 7,000 | 54000 |
| Feb-23 | 12,000 | 20,400 | 4,700 | 8,000 | 45000 |
| Mar-23 | 12,600 | 22,000 | 3,600 | 7,200 | 45000 |
| Apr-23 | 13,400 | 27,000 | 5,000 | 9,000 | 54000 |
| May-23 | 14,000 | 26,900 | 8,000 | 8,700 | 57000 |
| Jun-23 | 13,000 | 28,600 | 7,000 | 6,700 | 55000 |
| Jul-23 | 12,000 | 33,000 | 8,100 | 8,300 | 61000 |
| Aug-23 | 12,100 | 42,800 | 4,900 | 9,100 | 68000 |
| Sep-23 | 8,700 | 60,800 | 5,600 | 6,600 | 81000 |
| Oct-23 | 13,000 | 62,500 | 6,700 | 6,400 | 88000 |
| Nov-23 | 14,000 | 52,000 | 8,100 | 12,000 | 86000 |
| Dec-23 | 18,000 | 76,000 | 6,900 | 8,000 | 108000 |
Compute the sales tax payable to the Royal Malaysian Customs Department (RMCD) for:
a) All sales made in May 2024
b) Specific transactions in July 2024 including:
v. August 2024 Reporting (6 marks)
For sales in August 2024:
a) Determine due date for SST-02 return and payment to RMCD
b) Calculate sales tax payable for the period
c) Complete the SST-02 form for submission
vi. Consequences of Late Payment (4 marks)
Explain consequences if sales tax payments were remitted late for:
a) Sales in June 2024 — paid on 1 September 2024
b) Sales in September 2024 — paid on 12 November 2024
(Include computations if needed)
i. Transaction Details (12 marks)
Present details (date, description, amount) for one transaction in each category:
a) Cash sales within Malaysia — January 2024
b) Cash sales to designated areas — February 2024
c) Cash sales to overseas — March 2024
d) Credit sales within Malaysia — April 2024
e) Credit sales to special areas — May 2024
f) Credit sales to overseas — June 2024
ii. Invoices (4 marks)
Prepare invoices for:
a) Credit sales within Malaysia — April 2024
b) Credit sales to special areas — May 2024
iii. Debit & Credit Notes (4 marks)
Prepare:
a) Debit note — August 2024 (for April 2024 credit sales)
b) Credit note — September 2024 (for June 2024 overseas credit sales)
(GRAND MARKS: 50 marks)
Many Universiti Teknologi MARA students struggle with the TAX317 Taxation 2 group project, especially when dealing with Sales Tax Act 2018, SST registration thresholds, RMCD forms (SST-01 & SST-02), and sales tax computations. But there’s no need to worry anymore. The expert team at Malaysia Assignment Help provides specialised UiTM Assignments, prepared strictly according to UiTM marking schemes and RMCD guidelines. Every report is 100% human-written, calculation-accurate, and case-study compliant, helping your group secure higher marks with confidence. Explore our expert written Tax317 assignment answer with UiTM standard.
