New GST Return: Difference between revisions

Latest revision as of 08:53, 24 November 2017

Introduction

To process and close the GST Returns period. You can generate the GST-03 and GAF.

New GST Return

[GST | New GST Return...]

Field Name	Field Type	Explanation
Process From to	Date	GST Taxable Period,eg. either monthly or quarterly.
Process Date	Date	Date to process the GST Return.
Amendment	Boolean	Ticked. In GST-03, the "Amendment" checkbox will be marked X.
C/F Refund for GST	Boolean	Ticked. In GST-03, the Item 9 Do you choose to carry forward refund for GST? will be marked X in Yes checkbox.
Longer Period Adjustment (LPA)	Boolean	Auto ticked according to the first tax year adjustment.
Description	String	GST Return - Process From Date to Date (by default).
Ref 1	String	Key-in any reference no.
Ref 2	String	Key-in any reference no.

Draft-GST Return

[GST | New GST Return...]

You are able to draft the GST-03 before the final GST-03 submission by process as draft.

1. Click on the arrow key down at the Process button (Y).

2. See below screenshot.

3. DRAFT Status showed for the GST Returns period.

Note:
You still can amend the documents where the DRAFT GST return has generated. You can draft as many before FINAL process the GST Returns for the period.

Final GST Return

[GST | New GST Return...]

1. Click on the Process button.

2. See below screenshot.

3. Final GST Return will not show the word DRAFT in the status column.

Note:
You cannot amend the documents anymore where the FINAL GST return has generated.

Extra

AR & AP Bad Debt Relief

1. Bad Debt Relief screen will be prompted (see the screenshot below) if the system found there are outstanding Tax Invoices has expired at 6 months.

2. Sales documents from the company with empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person.

Tips: 
 To avoid to tick the documents manually for GST Registered company, please go to update the GST no at Maintain Customer.

3. Press OK if get a "confirm" message prompted (see the screenshot below), it means there are some company do not have GST No.

4. If you has confirmed that the company is Non-GST Registered person then you can press YES to proceed.

5. Otherwise press NO, you have to update the GST No at Maintain Customer to confirm the company is a GST Registered person before process the GST Return.

Capital Goods Acquired

1. If you have get a prompt for the GST Return - Capital Goods Acquired, then it means there have some credit adjustment transactions for Fixed Asset Account. See below screenshot.

2. Tick on the transactions line to take in the credit adjustment (eg. Rm15,000.00). Otherwise, it will capture the value Rm60,000.00 in GST-03 item 16. See the screenshot below.

3. It will capture the net capital goods acquired value in GST-03 item 16.

@@ Line 1: / Line 1: @@
-==Check List related to Bad Debt Relief==
+==Introduction==
-===Maintain Tax===
+:To process and close the GST Returns period. You can generate the GST-03 and GAF.
-''[GST | Maintain Tax...]''
-:Below tax code will be AUTO used for Bad Debt Relief matter when process GST Return: <br />
+==New GST Return==
-::{| class="wikitable"
-|-
-! Tax Code !! Description !! Tax Acc Entry !! Explanation
-|-
-| PH-AJP-BD || Input Tax adjustment e.g: Bad Debt Relief || DR GST-Claimable <br /> CR GST-Purchase Deferred Tax || For supplier bad debt relief recovered
-|-
-| SL-AJP-BD || Input Tax adjustment e.g: Bad Debt Relief || DR GST-Claimable  <br /> CR GST-Sales Deferred Tax || For customer bad debt relief claim
-|-
-| PH-AJS-BD || Output Tax adjustment e.g: Bad Debt Recover, outstanding invoice > 6 months || DR Sales Deferred Tax  <br /> CR GST-Payable || For customer bad debt relief recovered
-|-
-| SL-AJS-BD || Output Tax adjustment e.g: Bad Debt Recover, outstanding invoice > 6 months || DR GST-Purchase Deferred Tax  <br /> CR GST-Payable || For supplier bad debt relief payable
-|}
-<br />
-===Maintain Customer===
-''[Customer | Maintain Customer...]''
-:1. There is one condition to determine the bad debt relief can be claimed if - <br />
-::(a) requirements under s.58 GSTA and Part X of GST Regulations 2014 arefulfilled; and <br />
-::'''(b) the supply is made by a GST registered person to another GST registered person''' <br />
-<br />
-:2. Therefore, you need to update the GST No for your customer who is GST registered person. See the screenshot below.<br />
-:3. Under the Tax tab in Maintain Customer,<br />
-::[[File:02 GST BDR-Maintain Customer.jpg| 30PX]]
-<br />
-==Process GST Returns==
 ''[GST | New GST Return...]''
-:1. Process GST Return. For example, process from 01/10/2015 to 31/10/2015.<br />
-:2. Bad Debt Relief screen will be prompted (see the screenshot below) if the system found there are outstanding Tax Invoices has expired at 6 months. <br />
-:3. Sales documents from the company has empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person. <br />
-::[[File:03 GST BDR-GST Return1.jpg | 30PX]]
-<br />
- '''Tips:'''
- [[File:Template.Warning-01.jpg|80px]] To avoid to tick the documents manually for GST Registered company, please go to update the GST no at Maintain Customer.<br />
-:4. Press OK if get a "confirm" message prompted (see the screenshot below), it means there are some company do not have GST No. <br />
-:5. If you has confirmed that the company is '''Non-GST Registered person''' then you can press YES to proceed. <br />
-:6. Otherwise press NO, you have to update the GST No at Maintain Customer to confirm the company is a '''GST Registered person''' before process the GST Return. <br />
-::[[File:03 GST BDR-GST Return2.jpg | 30PX]]
 <br />
-==GST Listing==
+::[[File: GST-New GST Return-01.jpg| 30PX]]
-''[GST | Print GST Listing...]''
-:Category '''Others''' will appeared in GST Listing if there is found bad debt relief (eg. AJS-BD, AJP-BD): <br />
 ::{| class="wikitable"
 |-
-! Category : Others !! style="text-align:right;"| Local Amount !! style="text-align:right;"| Local Tax Amount
+! Field Name !! Field Type !! Explanation
 |-
-| AJS-BD (Output Tax adjustment e.g: Bad Debt Recover, outstanding invoice > 6 months) || style="text-align:right;"| 17,000.00 || style="text-align:right;"| 1,020.00
+| Process From to || Date || GST Taxable Period,eg. either monthly or quarterly.
 |-
-| AJP-BD (Input Tax adjustment e.g: Bad Debt Relief) || style="text-align:right;"| 9,114.57 || style="text-align:right;"| 546.87
+| Process Date || Date || Date to process the GST Return.
-|}
-<br />
-==GST-03==
-''[GST | Print GST-03...]''
-:1. At GST Return screen, you can direct preview the GST-03 by click on the GST-03 button (see the screenshot below).<br />
-::[[File: 04 GST BDR-GST Return-GST03.jpg | 40PX]]
-<br />
-:2. GST-03 result from the above sample data: <br />
-::{| class="wikitable"
 |-
-! GST-03 # !! Description !! style="text-align:right;"| Amount
+| Amendment || Boolean ||Ticked. In GST-03, the "Amendment" checkbox will be marked '''X'''.
 |-
-| 5a || Total Value of Standard Rated Supply || style="text-align:right;"| 0.00
+| C/F Refund for GST || Boolean || Ticked. In GST-03, the Item 9 Do you choose to carry forward refund for GST? will be marked '''X''' in Yes checkbox.
 |-
-| 5b || Total Output Tax (Inclusive of Tax Value on Bad Debt Recovered & other Adjustments) || style="text-align:right;"| 1,020,.00
+| Longer Period Adjustment (LPA) || Boolean || Auto ticked according to the first tax year adjustment.
 |-
-| 6a || Total Value of Standard Rate and Flat Rate Acquisitions || style="text-align:right;"| 0.00
+| Description || String || GST Return - Process From Date to Date (by default).
 |-
-| 6b || Total Input Tax (Inclusive of Tax Value on Bad Debt Relief & other Adjustments) || style="text-align:right;"| 546.87
+| Ref 1 || String || Key-in any reference no.
 |-
-| 17 || Total Value of Bad Debt Relief Inclusive Tax || style="text-align:right;"| 9,661.44
+| Ref 2 || String || Key-in any reference no.
-|-
+|}
-| 18 || Total Value of Bad Debt Relief Recovered Inclusive Tax || style="text-align:right;"| 0.00
-|}<br />
 <br />
-==Print GST Bad Debt Relief==
-''[GST | Print GST Bad Debt Relief…]''
-:1. This report is help you to analyse the GST Bad Debt Relief happenings on each invoices.<br />
+==Draft-GST Return==
-::[[File:01 GST Bad Debt Relief.jpg | 240PX]]
+''[GST | New GST Return...]''
+<br />
+:You are able to draft the GST-03 before the final GST-03 submission by process as draft. <br />
+:1. Click on the arrow key down at the Process button (Y).
+:2. See below screenshot.<br />
+::[[File: GST-New GST Return-02.jpg| 30PX]]
+<br />
+:3. '''DRAFT''' Status showed for the GST Returns period.<br />
+::[[File: GST-New GST Return-03.jpg| 30PX]]
 <br />
+ '''Note:'''
-:2. Let said the IV-00109 has the following details:-<br />
+ You still can amend the documents where the DRAFT GST return has generated. You can draft as many before FINAL process the GST Returns for the period.
-::{| class="wikitable"
-|-
-! Seq !! Description !! Amount !! Tax !! style="text-align:right;"| Tax Amount !! style="text-align:right;"| Amount with Tax
-|-
-| 1 || Sales of coconut can drinks || 1,000.00 || SR || style="text-align:right;"| 60.00 || style="text-align:right;"| 1,060.00
-|-
-| 2 || Sales of coconut || 1,000.00 || ZRL || style="text-align:right;"| 0.00 || style="text-align:right;"| 1,000.00
-|}
 <br />
+==Final GST Return==
+''[GST | New GST Return...]''
-:3. From the below report, it tells you that the bad debt relief claimed and to be recover at '''Rm30.87''' for IV-00109. You can found at the detail that the bad debt relief claimed at '''Taxable Period 01 Oct 2015 to 31 Oct 2015'''.
+:1. Click on the Process button.
-::[[File:01 GST BDR-Claimed.jpg | 40PX]]
+:2. See below screenshot.<br />
+::[[File: GST-New GST Return-04.jpg| 30PX]]
+<br />
+:3. Final GST Return will not show the word '''DRAFT''' in the status column.<br />
+::[[File: GST-New GST Return-05.jpg| 30PX]]
+<br />
+ '''Note:'''
+ You cannot amend the documents anymore where the FINAL GST return has generated.
+<br />
+==Extra==
+===AR & AP Bad Debt Relief===
+:1. Bad Debt Relief screen will be prompted (see the screenshot below) if the system found there are outstanding Tax Invoices has expired at 6 months. <br />
+:2. Sales documents from the company with empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person. <br />
+::[[File:03 GST BDR-GST Return1.jpg | 30PX]]
+<br />
+ '''Tips:'''
+ [[File:Template.Warning-01.jpg|80px]] To avoid to tick the documents manually for GST Registered company, please go to update the GST no at Maintain Customer.<br />
-:4. After the IV-00109 has been full settlement in month Nov 2015, you will found the full tax paid '''Rm60.00''' and to be recover will be shown as 0. You can found at the detail that the bad debt relief recovered at '''Taxable Period 01 Nov 2015 to 30 Nov 2015'''.
+:3. Press OK if get a "confirm" message prompted (see the screenshot below), it means there are some company do not have GST No. <br />
-::[[File:01 GST BDR-Recovered.jpg| 40PX]]
+:4. If you has confirmed that the company is '''Non-GST Registered person''' then you can press YES to proceed. <br />
+:5. Otherwise press NO, you have to update the GST No at Maintain Customer to confirm the company is a '''GST Registered person''' before process the GST Return. <br />
+::[[File:03 GST BDR-GST Return2.jpg | 30PX]]
-:5. There are some option can choose to apply the GST Bad Debt Relief for further checking:<br />
-::'''Sales'''
-::{| class="wikitable"
-|-
-! Checkbox !! Explanation
-|-
-| Bad Debt Relief Claimed|| GST bad debt relief that you HAVE TICKED to claim on outstanding invoices when process your GST returns.
-|-
-| Bad Debt Relief Not Claim || GST bad debt relief that you DO NOT TICKED to claim on outstanding invoices when process your GST returns.
-|-
-| Bad Debt Relief Not Happen || Outstanding invoices the GST Amount not expired at 6 months GST bad debt relief.
-|-
-| Include Zero Outstanding || To include the outstanding invoices are zero.
-|}
 <br />
-::'''Purchase'''
+===Capital Goods Acquired===
-::{| class="wikitable"
+:1. If you have get a prompt for the '''GST Return - Capital Goods Acquired''', then it means there have some '''credit adjustment transactions''' for Fixed Asset Account. See below screenshot.<br />
-|-
+::[[File: GST-New GST Return-07.jpg| 30PX]]
-! Checkbox !! Explanation
-|-
-| Bad Debt Relief Paid|| GST bad debt relief have paid on the outstanding supplier invoices when process your GST returns.
-|-
-| Bad Debt Relief Not Pay || GST bad debt relief not pay yet on the outstanding supplier invoices. It could be due to late receive the supplier invoice.
-|-
-| Bad Debt Relief Not Happen || Outstanding invoices the GST Amount not expired at 6 months GST bad debt relief.
-|-
-| Include Zero Outstanding || To include the outstanding invoices are zero.
-|}
 <br />
+:2. Tick on the transactions line to take in the credit adjustment (eg. Rm15,000.00). Otherwise, it will capture the value Rm60,000.00 in GST-03 item 16. See the screenshot below.
-:6. Click Preview button. You can found the following report list.
+::[[File: GST-New GST Return-07b.jpg| 30PX]]
-::{| class="wikitable"
-|-
-! # !! Report Name !! Usage
-|-
-| 1 || GST Bad Debt Relief - Sales || GST Bad Debt Relief Listing with detail based on the checkbox ticked.
-|-
-| 2 || GST-BM Bad Debt Relief-Unclaimed Letter 1  || Bahasa Malaysia bad debt relief unclaimed letter format 1 to Director General
-|-
-| 3 || GST-BM Bad Debt Relief-Unclaimed Letter 2 || Bahasa Malaysia bad debt relief unclaimed letter format 2 to Director General
-|-
-| 4 || GST-EN Bad Debt Relief-Unclaimed Letter 1 || English version bad debt relief unclaimed letter format 1 to Director General
-|-
-| 5 || GST-EN Bad Debt Relief-Unclaimed Letter 2 || English version bad debt relief unclaimed letter format 2 to Director General
-|-
-| 6 || GST Lampiran 4 - Ringkasan Maklumat Permohanan Tuntutan Pelepasan Hutang Lapuk || Lampiran 4 as requested by Kastam Officer
-|}
 <br />
+:3. It will capture the '''net capital goods acquired value''' in GST-03 item 16.
-'''TIPS 1 : '''<br />
+::[[File: GST-New GST Return-07c.jpg| 30PX]]
- To print the '''bad debt relief unclaimed letter''', you must tick both "Bad Debt Relief Not Claim" and "Bad Debt Relief Not Happen" to apply and preview.<br />
- [[File:01 GST BDR-UnclaimLetter.jpg | 40PX]]<br />
 <br />
-'''TIPS 2 : '''<br />
+==See also==
- To print the '''Lampiran 4 - Ringkasan Maklumat Permohanan Tuntutan Pelepasan Hutang Lapuk''', you must tick "Bad Debt Relief Claimed" only to apply and preview.<br />
+* [[Print GST Listing]]
- [[File:01 GST BDR-Lampiran 4.jpg | 40PX]]<br />
-<br />