GST-03 Item 12 (ES + ES43) : How to compare the Total Value of Exempt Supplies between GST-03 and Ledger: Difference between revisions
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Revision as of 04:06, 28 January 2016
How to compare the Total Value of Exempt Supplies between GST-03 and Ledger?
Introduction
- This guide will help to check the Item 12 Total Value of Exempt Supplies in GST-03.
How does this work?
Setup New Tax Code
[GST | Maintain Tax ...]
- 1. Click New.
- 2. Follow the below SETTINGS to create.
Field Name Field Contents Code ND-0 (Recommended code) Description Non-Deductible Tax Type (Non GST - Both Sales & Purchase) Tax Rate 0% (please key-in) Tax Account GST-301 (This field is compulsory. Due to tax rate is 0%, therefore no posting) Tax Inclusive Untick
NOTE :
Do not click the tax rate arrow key down if the tax account is not defined yet.
Data Entry for Non-Deductible
For Purchase Invoice
- 1. Insert a new detail row and key-in the total input tax not going to claim.
- 2. Select the tax code "ND-0".
- 3. See below screenshot.
For GL Cash Book
- 1. Insert a new detail row and key-in the total input tax not going to claim.
- 2. Select the tax code "ND-0".
- 3. See below screenshot.
NOTE: Please ensure you understand the Non-Deductible expenditure from your auditors before you apply this guide.
How to analyse the total tax amount from Non-Deductible?
[ GL | Print Journal of Transaction Listing...]
- 4. From this instance, the total non-deductible expenditure amount is Rm3030.00