New GST Return: Difference between revisions

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<br />
<br />
:You are able to draft the GST-03 before the final GST-03 submission by process as draft. <br />
:You are able to draft the GST-03 before the final GST-03 submission by process as draft. <br />
:1. Click the arrow key down at the Process button (Y).
:1. Click on the arrow key down at the Process button (Y).
:2. See below screenshot.
:2. See below screenshot.<br />
::[[File: GST-New GST Return-02.jpg| 30PX]]
::[[File: GST-New GST Return-02.jpg| 30PX]]
 
<br />
:3. DRAFT Status showed for the GST Returns period.
:3. '''DRAFT''' Status showed for the GST Returns period.<br />
::[[File: GST-New GST Return-03.jpg| 30PX]]
::[[File: GST-New GST Return-03.jpg| 30PX]]
<br />
<br />
  '''TIPS:'''
  '''Note:'''
  You still can amend the documents where the DRAFT GST return generated. You can draft as many before FINAL process the GST Returns for the period.
  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.
<br />
<br />


==Process GST Returns==
==Final GST Return==
''[GST | New GST Return...]''
''[GST | New GST Return...]''


:1. Process GST Return. For example, process from 01/10/2015 to 31/10/2015.<br />
:1. Click on the Process button.
: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 />
:2. See below screenshot.<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: 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]]
::[[File:03 GST BDR-GST Return1.jpg | 30PX]]
<br />
<br />
Line 57: Line 69:
  [[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 />
  [[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 />


 
: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 />
: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 />
:4. If you has confirmed that the company is '''Non-GST Registered person''' then you can press YES to proceed. <br />
:5. 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 />
: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]]
::[[File:03 GST BDR-GST Return2.jpg | 30PX]]
<br />
<br />


==GST Listing==
===Capital Goods Acquired===
''[GST | Print GST Listing...]''
: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]]
: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
|-
| 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
|-
| AJP-BD (Input Tax adjustment e.g: Bad Debt Relief) || style="text-align:right;"| 9,114.57 || style="text-align:right;"| 546.87
|}
<br />
<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.
==GST-03==
::[[File: GST-New GST Return-07b.jpg| 30PX]]
''[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
|-
| 5a || Total Value of Standard Rated Supply || style="text-align:right;"| 0.00
|-
| 5b || Total Output Tax (Inclusive of Tax Value on Bad Debt Recovered & other Adjustments) || style="text-align:right;"| 1,020,.00
|-
| 6a || Total Value of Standard Rate and Flat Rate Acquisitions || style="text-align:right;"| 0.00
|-
| 6b || Total Input Tax (Inclusive of Tax Value on Bad Debt Relief & other Adjustments) || style="text-align:right;"| 546.87
|-
| 17 || Total Value of Bad Debt Relief Inclusive Tax || style="text-align:right;"| 9,661.44
|-
| 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 />
::[[File:01 GST Bad Debt Relief.jpg | 240PX]]
<br />
<br />
 
:3. It will capture the '''net capital goods acquired value''' in GST-03 item 16.
:2. Let said the IV-00109 has the following details:-<br />
::[[File: GST-New GST Return-07c.jpg| 30PX]]
::{| 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 />
<br />


 
==See also==
: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'''.
* [[Print GST Listing]]
::[[File:01 GST BDR-Claimed.jpg | 40PX]]
 
 
: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'''.
::[[File:01 GST BDR-Recovered.jpg| 40PX]]
 
 
: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'''
::{| class="wikitable"
|-
! 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 />
 
:6. Click Preview button. You can found the following report list.
::{| 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 />
 
'''TIPS 1 : '''<br />
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 />
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 />
[[File:01 GST BDR-Lampiran 4.jpg | 40PX]]<br />
 
<br />

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...]

30PX
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.
30PX


3. DRAFT Status showed for the GST Returns period.
30PX


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.
30PX


3. Final GST Return will not show the word DRAFT in the status column.
30PX


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.
30PX


Tips: 
Template.Warning-01.jpg 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.
30PX


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.
30PX


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.
30PX


3. It will capture the net capital goods acquired value in GST-03 item 16.
30PX


See also

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Last modified
This page was last edited on 24 November 2017, at 08:53.