Introduction
- To process and close the GST Returns period. You can generate the GST-03 and GAF.
New GST Return
[GST | New GST Return...]
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.
- 3. DRAFT Status showed for the GST Returns period.
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.
- 3. Final GST Return will not show the word DRAFT in the status column.
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 has empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person.
Tips: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.
- 6. GST-03 result from the above sample data:
GST-03 # Description Amount 5a Total Value of Standard Rated Supply 0.00 5b Total Output Tax (Inclusive of Tax Value on Bad Debt Recovered & other Adjustments) 1,020,.00 6a Total Value of Standard Rate and Flat Rate Acquisitions 0.00 6b Total Input Tax (Inclusive of Tax Value on Bad Debt Relief & other Adjustments) 546.87 17 Total Value of Bad Debt Relief Inclusive Tax 9,661.44 18 Total Value of Bad Debt Relief Recovered Inclusive Tax 0.00
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.
- 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.
- 3. It will capture the net capital goods acquired value in GST-03 item 16.
