| Line 23: | Line 23: | ||
<br /> | <br /> | ||
:2. Set the Process Date '''(B)''' | :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). | ||
:For example, company A submit the Final GST Return on 30/11/2018. | :For example, company A submit the Final GST Return on 30/11/2018. | ||
::{| class="wikitable" border="1" | ::{| class="wikitable" border="1" | ||
|- | |- | ||
! Process Date | ! Process Date | ||
! Bad Debt Relief / Recovery | ! Months Bad Debt Relief / Recovery | ||
|- | |- | ||
| 30/11/2018 | | 30/11/2018 | ||
Revision as of 07:35, 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 (B) as the date 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 Months Bad Debt Relief / Recovery 30/11/2018 Mar, Apr, May 2018