GST-03 Item 12 (ES + ES43) : How to compare the Total Value of Exempt Supplies between GST-03 and Ledger: Difference between revisions

Revision as of 04:27, 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 data entry source posted for Item 12 Total Value of Exempt Supplies in GST-03.

GST-03 PART C : ADDITIONAL INFORMATION

Item No.	Description	Guidelines
12	Total Value of Exempt Supplies*	ES43 + ES (Taxable Amount) Note: Net Loss in Forex (ES43)= 0.00

What report to check the item 12 in GST-03?

GST Listing

[GST | Print GST Listing...]

GL Ledger

[GL | Print Ledger Report...]

How to analyse the total tax amount from Non-Deductible?

[ GL | Print Journal of Transaction Listing...]

1. Select the date range to APPLY.

2. Filter at the Tax grid column. See screenshot below.

3. You can see the non-deductible transactions filtered by ND-0.

4. From this instance, the total non-deductible expenditure amount is Rm3030.00

@@ Line 15: / Line 15: @@
 <br />
-==How does this work?==
+==What report to check the item 12 in GST-03?==
-===Setup New Tax Code===
+===GST Listing===
-''[GST | Maintain Tax ...]''<br />
+''[GST | Print GST Listing...]''<br />
-:1. Click New. <br />
-:2. Follow the below SETTINGS to create. <br />
-::{| class="wikitable"
-|-
-! 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
-|}<br />
-:3. Click Save. See below screenshot.
+===GL Ledger===
-::[[File:GST-Non-deductible Expenditure-01.jpg | 440PX]]<br />
+''[GL | Print Ledger Report...]''<br />
-<br />
- '''NOTE : '''<br />
- Do not click the tax rate arrow key down if the tax account is not defined yet.<br />
-<br />
-===Data Entry for Non-Deductible===
-'''For Purchase Invoice'''<br />
-:1. Insert a new detail row and key-in the '''total input tax not going to claim'''.<br />
-:2. Select the tax code "ND-0".<br />
-:3. See below screenshot.
-::[[File:GST-Non-deductible Expenditure-02.jpg | 340PX]]
-<br />
-'''For GL Cash Book'''<br />
-:1. Insert a new detail row and key-in the '''total input tax not going to claim'''.<br />
-:2. Select the tax code "ND-0".<br />
-:3. See below screenshot.
-::[[File:GST-Non-deductible Expenditure-03.jpg | 340PX]]
-<br />
- '''NOTE: '''
- Please ensure you understand the Non-Deductible expenditure from your auditors before you apply this guide.
-<br />
 ==How to analyse the total tax amount from Non-Deductible?==