The Malaysian government has set aside RM 150 million to provide assistance for SMEs to purchase or upgrade their existing accounting software to meet GST requirements. Each qualified SME application is entitled to a GST e-Voucher of RM 1,000 which can be used against their purchase or upgrade of software.
There are a few simple steps to follow to apply for this e-Voucher.
The RMC has opened for early registration since June 1, 2014 and all SMEs whom have an annual revenue of over RM 500,000 are encouraged to take advantage of the early registration.
Step 2 - Register for e-Voucher via www.gst.evoucher.smecorp.gov.my
Instructions and requirements are listed clearly on the website.
Step 3 - Redeem your e-Voucher
Once your registration is complete and approved, you will receive an e-Voucher which you can utilize.
Step 4 - Redeem your e-Voucher against purchases
Important Notes :
1. For SMEs whom have purchased their new or upgrade software between the dates of March 12 and May 31, 2014, the application should be made directly to SME Corp for the claims of up to RM 1,000.
2. Conditions for the e-Vouchers are on a first-come, first serve basis, until the quota is reached. Therefore it is strongly advisable to make your application early to avoid disappointment.