How to Avoid Costly GST Errors

How to avoid costly GST errors?

Introduction

This guide will help you to easily identify the common GST errors in GST Returns. To minimize GST amendment and incorrect GST Returns to RMCD.

You may wish to take note the follow errors commonly made by businesses:

1. Standard Rated Supply (5a) and Output Tax (5b)

2. Stanadard Rate and Flat Rate Acquisitions (6a), and Input Tax (6b)

3. Carry forward refund for GST?

4. Local Zero-Rated Supplies

5. Export Supplies

6. Exempt Supplies

7. Supplies Granted GST Relief

8. Goods Imported Under Approved Trader Scheme and GST Suspended

9. Capital Goods Acquired

10. Bad Debt Relief

11. Bad Debt Recovered

12. Output tax value breakdown into Major Industries Code (MSIC Code)

13. Disallowed Input Tax

14. Other important info required in GAF

See also

• Print GST Listing
• Print GST-03