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=Bad Debt Relief/Recovered= | |||
# GST registered person is eligble to claim the bad debt relief even if it spans on or after '''1 September 2018'''. | # GST registered person is eligble to claim the bad debt relief even if it spans on or after '''1 September 2018'''. | ||
# Bad Debt Relief is allowed to be claimed '''within 120 days from the SST effective date (eg. 1 September 2018)'''. | # Bad Debt Relief is allowed to be claimed '''within 120 days from the SST effective date (eg. 1 September 2018)'''. | ||
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<br /> | <br /> | ||
==Final GST Return Processor== | |||
''Menu: SST/GST | New GST Return...'' | ''Menu: SST/GST | New GST Return...'' | ||
::[[File:GSTSST-Transitional_02.jpg]] | ::[[File:GSTSST-Transitional_02.jpg]] | ||
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:2. Set the Process Date '''(B)''' as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date). | :2. Set the Process Date '''(B)''' as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date). | ||
::a) For example, | ::a) For example, | ||
::[[File:GSTSST-Transitional_03.jpg | | ::[[File:GSTSST-Transitional_03.jpg | 1000PX]] | ||
<br /> | <br /> | ||
::b) Double entry for '''Cases 1'''. | ::b) Double entry for '''Cases 1'''. | ||
::[[File:GSTSST-Transitional_04.jpg | | ::[[File:GSTSST-Transitional_04.jpg | 1000PX]] | ||
<br /> | <br /> | ||
::C) Double entry for '''Cases 2'''. | ::C) Double entry for '''Cases 2'''. | ||
::[[File:GSTSST-Transitional_05.jpg | | ::[[File:GSTSST-Transitional_05.jpg | 1000PX]] | ||
<br /> | <br /> | ||
=Retention Invoice Payment= | |||
==See also== | ==See also== | ||
Latest revision as of 04:00, 11 October 2018
Bad Debt Relief/Recovered
- GST registered person is eligble to claim the bad debt relief even if it spans on or after 1 September 2018.
- Bad Debt Relief is allowed to be claimed within 120 days from the SST effective date (eg. 1 September 2018).
- Bad Debt Recovery made on or after 1 September 2018 must to be paid as output tax to RMCD within 120 days from the SST effective date by amending the Final GST Return.
Final GST Return Processor
Menu: SST/GST | New GST Return...
- 1. System will AUTO define the last taxable period (A), eg...
Process From Process To 01/07/2018 31/08/2018
- 2. Set the Process Date (B) as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date).
- a) For example,
- b) Double entry for Cases 1.
- C) Double entry for Cases 2.
