Glosap Business Case Study | Asta Chemicals Sdn.

Bhd| Singapore

Asta Chemicals Sdn. Bhd: Incorporation

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