GST-03 Item 12 (ES + ES43) : How to compare the Total Value of Exempt Supplies between GST-03 and Ledger: Difference between revisions
From eStream Software
Line 3: | Line 3: | ||
==Introduction== | ==Introduction== | ||
:This guide will help to check the Item 12 Total Value of Exempt Supplies in GST-03. <br /> | :This guide will help to check the data entry source posted for Item 12 Total Value of Exempt Supplies in GST-03. <br /> | ||
<br /> | <br /> | ||
Line 11: | Line 11: | ||
! Item No. !! Description || Guidelines | ! Item No. !! Description || Guidelines | ||
|- | |- | ||
| 12 || Total Value of Exempt Supplies* || '''ES43 +ES''' (Taxable Amount) <br /> ''Note: Net Loss in Forex (ES43)= 0.00'' | | 12 || Total Value of Exempt Supplies* || '''ES43 + ES''' (Taxable Amount) <br /> ''Note: Net Loss in Forex (ES43)= 0.00'' | ||
|} | |} | ||
<br /> | <br /> |
Revision as of 04:22, 28 January 2016
How to compare the Total Value of Exempt Supplies between GST-03 and Ledger?
Introduction
- This guide will help to check the data entry source posted for Item 12 Total Value of Exempt Supplies in GST-03.
- GST-03 PART C : ADDITIONAL INFORMATION
Item No. Description Guidelines 12 Total Value of Exempt Supplies* ES43 + ES (Taxable Amount)
Note: Net Loss in Forex (ES43)= 0.00
How does this work?
Setup New Tax Code
[GST | Maintain Tax ...]
- 1. Click New.
- 2. Follow the below SETTINGS to create.
Field Name Field Contents Code ND-0 (Recommended code) Description Non-Deductible Tax Type (Non GST - Both Sales & Purchase) Tax Rate 0% (please key-in) Tax Account GST-301 (This field is compulsory. Due to tax rate is 0%, therefore no posting) Tax Inclusive Untick
NOTE :
Do not click the tax rate arrow key down if the tax account is not defined yet.
Data Entry for Non-Deductible
For Purchase Invoice
- 1. Insert a new detail row and key-in the total input tax not going to claim.
- 2. Select the tax code "ND-0".
- 3. See below screenshot.
For GL Cash Book
- 1. Insert a new detail row and key-in the total input tax not going to claim.
- 2. Select the tax code "ND-0".
- 3. See below screenshot.
NOTE: Please ensure you understand the Non-Deductible expenditure from your auditors before you apply this guide.
How to analyse the total tax amount from Non-Deductible?
[ GL | Print Journal of Transaction Listing...]
- 4. From this instance, the total non-deductible expenditure amount is Rm3030.00