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The Impact of GST on Accounting Subclass Code_2MZ Using the latest research intoUnlike other taxes, the Goods and Services Tax (GST) is an integral element of the accounting function of any organisation. Under the GST regime, the registered business must be able to track all transactions that it enters into either on the purchases side (expenditure) or the income supplies side. You pay GST on the goods you purchase, and charge your customers on goods you sell. You remit to the Royal Malaysian Customs (RMC) the amount of GST you
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