of SAP GST Taxation and SAP Support Maintenance by Glosap Asta Chemicals Sdn. Bhd. was primarily established in 1974 as a producer of formaldehyde, adhesives resins, hardeners and fillers for both local and export market to service the timber processing industries. The first manufacturing site commenced operation in 1975 and is located at Prai Industrial Estates in the State of Penang. It has manufacturing facilities for the production of formaldehyde, liquid resins, spray dried powder resins, compounded powder resins, Specialty resins, hardeners and fillers. In 1992, the company opened its second manufacturing site at Gebeng Industrial Estate located at Kuantan Port in the State of Pahang, with production facilities consisting of a formaldehyde plant, a resin plant, tanks farm with direct receiving facilities from the port and other ancillary supporting tanks and equipment.
Glosap Business Case Study | Asta Chemicals Sdn. Bhd| Singapore
Company Asta Chemicals Sdn. Bhd
Executive overview:
The company's top objectives
To incorporate the scope of Goods and Services Tax (GST) across territories Industry To configure appropriate tax structure, Manufacturing tax codes and tax rates Chemicals Undertake GAP analysis of business and impact of GST upon the Property Segments consumption / production of goods Plywood Particleboard To optimise multi level tax structure Medium Density Board(MDF) To analyse the Refunds and bad debts Furniture and Woodworking Foundry The Solution: Laminates SAP Goods & Services Tax UF Powered Resins Implementation SAP Support Modules : FICO, PS, MM Project and SD SAP R/3 - Support Project SAP GST Project Country: Malaysia Headquarters Malaysia
No. of Users 25 Client URL www.astachemicals.com Employee 150+ Partner Company Glosap Consulting Pte Ltd Partner URL www.glosap.com
The key benefits:
SAP GST helped easy transition from conventional tax structure to real time GST structure Helped re-align their warehouses with logical effective locations thus reducing their operational cost Helped analyse on the tax incurred at an organized mode as per the value addition of the goods