Goods and Services Tax (GST)

One of the largest financial institutions in Malaysia was tasked to ensure that the Core Banking system is ready to handle GST transactions from 1 April 2015 onwards. Identified team members has started the ball rolling from May 2014.

Since the Malaysian Royal Customs were still fine tuning the GST rules and regulation during this period, requirements could only be finalized at around 80% by the end of July 2014. Changes involved were wide ranging, involving Teller channel, printed vouchers and statements as tax invoices, interface changes, as well as integration with the bank’s new central GST system. Aristal Solutions is engaged as PMO for this project and was heavily involved in all phases of the project.

The project team pulled through with intense testing (2 rounds of internal UAT, 2 rounds of bank wide UAT, 1 round of Regression) and deployment despite the changing nature of the remaining requirements. At the end of the project, the Core Banking system was GST ready on time to meet the 1 Apr 2015 implementation date.

ARISTAL SOLUTIONS SDN BHD
C3-6-8 & C3-6-9 Solaris Dutamas, Jalan Dutamas 1, 50480 Kuala Lumpur, Malaysia

T : 603 6211 7574

F : 603 6211 7584

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