FINANCIAL ASSISTANCE FOR SMES ACQUIRING OR UPGRADING TO GST COMPLIANT SOFTWARE

APPLY FOR GST – EVOUCHER

FINANCIAL ASSISTANCE FOR SMES ACQUIRING OR UPGRADING TO GST COMPLIANT SOFTWARE 

Businesses that are Eligible to Apply for Financial Assistance

Businesses defined as SMEs are eligible to apply for this financial assistance. Definition of SMEs that was endorsed by the National SME Development Council (NSDC) effective 1 January 2014 is as follows:

5 conditions that must be met in order to be classified as SMEs:

• Qualifying criteria
  • Manufacturing Sector: Sales turnover not exceeding RM50 million OR full-time employees not exceeding 200 people
  • Service Sector and other sectors: Sales turnover not exceeding RM20 million OR full-time employees not exceeding 75 people
• Establishment type
  • Incorporated under the Registration of Company Act (1965); or
  • Registered under the Registration of Business Act (1956) or Limited Liability Partnerships Act (2012); or
  • Registered with the respective authorities or district offices in Sabah and Sarawak; or
  • Registered with the respective statutory bodies for professional service providers.
• Not listed on the main board of Malaysia or other countries
• Not a subsidiary of public listed companies on the main board of Malaysia or other countries
• Not a subsidiary of large firms, multinational corporations (MNCs), Government-linked companies (GLCs), Syarikat Menteri Kewangan Diperbadankan(MKDs) and State-owned enterprises

Implementation of the Financial Assistance

• Forms of Assistance
  Assistance will be provided in the form of GST eVoucher worth RM1,000 each for the purchase of GST compliant software or upgrade of the software to be GST compliant. The redemption is based on the actual amount if the purchase or upgrade of the software is less than RM1,000. 


• Eligibility
  • Applicants of eVoucher should:
    • Register with MyGST
    • Fulfill the SME Definition
    • Have at least 51% of Malaysian Equity
  • eVoucher can only be redeemed from the software providers that has been certified by RMCD


• Date of Implementation
  • Application for eVoucher will commence on 1 June 2014 and end on 31 December 2014 or until the quota for eVoucher grant expires.
  • SMEs area able purchase or upgrade their software starting from the official date selected software provider list was announced on 12 March 2014. Purchases made before 12 March 2014 are not eligible for financial assistance.
  • Payment will be made directly to SMEs through the normal claim process if they purchase the software from 12 March until 31 May 2014.


• Features of eVoucher
  • eVoucher can only be applied and redeemed by eligible SMEs.
  • Only one eVoucher will be issued for each MyGST registration number and it is not transferable.
  • Each eVoucher can only be redeemed once.
  • eVoucher is valid from 1 June 2014 until 28 February 2015.
  • Following identification will be displayed on eVoucher:
    • Logo of the National Coat of Arms, Royal Malaysian Customs Department and SME Corp. Malaysia
    • Business / Company Name
    • Business / Company Registration number
    • Serial Number
    • Validity Period
    • Terms and condition


• Procedure for Application
• eVoucher application by SMEs from SME Corp. Malaysia
  • SMEs need to apply the eVoucher via online at the following website: http://gst-evoucher.smecorp.gov.my
  • If necessary, applicants may submit their applications using computer terminals that are available at SME Corp. Malaysia’s headquarter in Kuala Lumpur Sentral or state offices.
  • Details of SMEs that are required:
    • Company Name
    • MyGST Registration No.
    • MyCoId ROC/ROB No.
    • Annual Sales Turnover
    • Number of employees
    • Information of Shareholding (owner's name & NRIC No.)
  • SME Corp. Malaysia will verify the MyGST registration and status of SMEs.
  • Successful applicants will be given the access to print the eVoucher worth RM1, 000.
• Redemption of eVoucher by SMEs from the software providers
  • SMEs are able to redeem the eVoucher from any software providers appointed by RMCD.
  • Software providers are required to sign up with GST SME Corp. Malaysia system and fill in their MyGST registration number and serial number to ensure the authenticity of the eVoucher and redemption is valid.
• Claims payment by software providers to SME Corp. Malaysia
• Software providers are able to claim for the payment on eVoucher redeemed by the SMEs from SME Corp. Malaysia.
• The submission for the claim is in batches process whereby the dates will be determined by SME Corp. Each batch will consists of a maximum of 50 claim documents for each software provider.
• All documents must be certified by the commissioner of oaths (group certification is allowable).
• Claims can only be made by main software providers registered with RMCD (branches and agents are not allowed to make claims).
• Claims must be made by filling up the Claim Form (one form per group) provided by SME Corp. Malaysia.
• Supporting documents that need to be submitted by the service providers to SME Corp. Malaysia for the purchase are:
• eVoucher
• Invoice
• Receipt
• Confirmation by SMEs
• received deduction / discount RM1, 000;
• software has been installed and functioning; and
• attended the software training

For Application go to SMECORP Website at here