eZee Technosys Launches GST Equipped Solutions For Hospitality Industry in Malaysia

India, April 3, 2015 (Newswire.com) - eZee’s GST compliant solutions aid the hospitality industry to adapt the new Goods and Service Tax structure in Malaysia.   eZee Technosys, a leading hospitality solutions provider to more than 4000 properties around the world. Over the last decade, eZee has developed various cutting edge IT solutions using the most innovative and latest technology.

Last year, following the announcement of the ambitious plan to introduce GST in the Malaysia, effective from April 1st 2015. The firm introduced their GST ready eZee FrontDesk - a desktop based hotel PMS and eZee BurrP! restaurant POS, both of which are now in compliance with the new Good and Service Tax (GST).  GST is a tax on the business transaction and is rated at 6% of every Sale, Purchase and Expenses for businesses in Malaysia. The new system will influence the free flow of goods and services in ASEAN countries and will eventually eradicate the Sales and Service Tax in Malaysia. As of now, the new tax structure makes it mandatory for companies with an annual turnover of RM 500,000 and more to register for GST .   

Equivalent to any other businesses, the development is the new taxing order requires hotels and restaurants in Malaysia to submit their GST returns on monthly or quarterly basis. This makes it very important for property owners to use a GST Ready Software which not only captures the transactions with accurate GST rates but also reflect the same in various reports. eZee products are tailored to automatically calculate the sales and expenses with GST guideline without any extra effort by the user. The software will accurately calculate GST for Receipts/Folio, Tax Invoice and GAF (Audit Reports) and assimilate these calculations in generating reports. Furthermore, eZee software will generate the necessary GST reports and audit files and ensure that they match the accounting system to easily evaluate the business and save time.  

Talking about the new tax system is hospitality industry, Mr. Vipul Kapoor, CTO of eZee Technosys said “Since the declaration of GST coming to Malaysia, the team of eZee, has been hard at work to fully understand the scope of GST and making sure that our solutions are in accord with the GST guidelines. The GST ready, eZee software will not only simplify the business but also help accelerate the hotel operations.”

 According to industry experts, eZee’s physical presence in Malaysia is great leverage for the company. Their branch office in KualaLumpur - eZee M conducted various workshops and seminars in regards to, how the implementation of GST will affect the hospitality industry in Malaysia and how important it is to have a GST ready software. The success of the workshops resulted in several hotels preparing in advance for the upcoming tax changes and adapting to eZee’s GST ready solutions to ensure the accuracy of their transactions.   eZee’s solutions are GST ready, are you?   For more information about GST affecting hotel industry, contact us at [email protected]   + 6 016 229 3357  

About eZee Technosys  

eZee Technosys is one of the few hospitality solutions providers in the world offering a complete suite of IT solutions for the hospitality industry. Offering solutions that cover hotel management, online room distribution, restaurant management, guest feedback and mobile applications. Formed in 2005, eZee Technosys today serves more than 4000 clients in 140 plus countries across the globe.   About eZee Technosys (M) Sdn. Bhd.  eZee Technosys (M) Sdn. Bhd is the regional branch of eZee Technosys in Malaysia. Located in Kualalumpur, eZee M markets eZee’s cutting edge solution in most of ASEAN countries. As a regional support unit, eZee M operates with a team experts to provide software training, support and often provide on site implementation for clients in Malaysia and neighboring countries.