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::[[File:GSTSST-Transitional_02.jpg]] | ::[[File:GSTSST-Transitional_02.jpg]] | ||
<br /> | <br /> | ||
:1. | :1. System will AUTO define the last taxable period (A), eg... | ||
::{| class="wikitable" border="1" | ::{| class="wikitable" border="1" | ||
|- | |- | ||
| Line 21: | Line 21: | ||
| 31/08/2018 | | 31/08/2018 | ||
|} | |} | ||
Process | <br /> | ||
:2. Set the Process Date to the date that you have submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date). | |||
:For example, company A submit the Final GST Return on 30/11/2018. | |||
::{| class="wikitable" border="1" | |||
|- | |||
! Process Date | |||
! Bad Debt Relief / Recovery | |||
|- | |||
| 30/11/2018 | |||
| Mar, Apr, May 2018 | |||
|} | |||
:2. Set '''Posting Date'''... to post this transaction into GL reporting as at '''13 SEP 2018'''. | :2. Set '''Posting Date'''... to post this transaction into GL reporting as at '''13 SEP 2018'''. | ||
Note: | Note: | ||
Revision as of 07:32, 10 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 to the date that you have submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date).
- For example, company A submit the Final GST Return on 30/11/2018.
Process Date Bad Debt Relief / Recovery 30/11/2018 Mar, Apr, May 2018
- 2. Set Posting Date... to post this transaction into GL reporting as at 13 SEP 2018.
Note: To enable to set Posting Date, the Double Document Module is required.
- 3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
Enter at Supplier Invoice
Menu: Supplier | Supplier Invoice
- 1. Set Date.... to record the original invoice date (eg. 07 MAY 2018).
- 2. Set Posting Date... to post this transaction into GL reporting as 13 SEP 2018.
Note: To enable to set Posting Date, the Double Document Module is required.
- 3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
Enter at Cash Book (PV)
Menu: GL | Cash Book Entry...
- 1. Set Date.... to record the original invoice date (eg. 07 MAY 2018).
- 2. Set Posting Date... to post this transaction into GL reporting as at 13 SEP 2018.
- 3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
Final GST Returns
Menu: GST | New GST Return
- Process GST Returns up to 31 AUG 2018.
Items Value 6a 10,000 6b 600
NOTE: * Final GST Returns until 31 AUG 2018. * Last date of submission for the Final GST Returns is 29 DEC 2018.