Transitional (from GST to SST): Difference between revisions

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| Mar, Apr, May 2018
| Mar, Apr, May 2018
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: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)'''.
::[[File:GST-FinalReturn 04.jpg]]
<br />
===Enter at Supplier Invoice===
''Menu: Supplier | Supplier Invoice''
::[[File:GST-FinalReturn 05.jpg]]
<br />
: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)'''.
::[[File:GST-FinalReturn 06.jpg]]
<br />
===Enter at Cash Book (PV)===
''Menu: GL | Cash Book Entry...''
::[[File:GST-FinalReturn 07.jpg]]
<br />
: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)'''.
::[[File:GST-FinalReturn 08.jpg]]
<br />
==Final GST Returns==
''Menu: GST | New GST Return''
:Process GST Returns up to '''31 AUG 2018'''.
::{| class="wikitable"
|-
! Items !! style="text-align:right;"| Value 
|-
| 6a || style="text-align:right;"| 10,000 
|-
| 6b  || style="text-align:right;"| 600
|}
NOTE:
* Final GST Returns until '''31 AUG 2018'''.
* Last date of submission for the '''Final GST Returns''' is '''29 DEC 2018'''.


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Revision as of 07:33, 10 October 2018

Bad Debt Relief/Recovered

  1. GST registered person is eligble to claim the bad debt relief even if it spans on or after 1 September 2018.
  2. Bad Debt Relief is allowed to be claimed within 120 days from the SST effective date (eg. 1 September 2018).
  3. 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.


GSTSST-Transitional 01b.jpg


Final GST Return Processor

Menu: SST/GST | New GST Return...

GSTSST-Transitional 02.jpg


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


See also

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This page was last edited on 10 October 2018, at 07:33.