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. Last taxable period.
Financial Year Process From Process To 31 Dec, c row 1, cell 2 row 1, cell 3 row 2, cell 1 row 2, cell 2 row 2, cell 3
Process From :
- 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.
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.