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===GST Returns (LPA)=== | ===GST Returns (LPA)=== | ||
''[GST | New GST Return...]'' or ''[GST | Open GST Return...]'' | |||
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:1. Process GST Return | :1. Process the GST Return.For example, process the '''Second Taxable Period''' (01/02/2017 - 28/02/2017). | ||
:2. LPA will tick automatically. | |||
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::[[File: GST-Set Tax Year & LPA-05.jpg| 30PX]] | ::[[File: GST-Set Tax Year & LPA-05.jpg| 30PX]] | ||
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: | :3. Suggested period to be adjusted for LPA. | ||
::[[File: GST-Set Tax Year & LPA-06.jpg| 30PX]] | ::[[File: GST-Set Tax Year & LPA-06.jpg| 30PX]] | ||
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User allow to overwrite the suggested period for LPA. | User allow to overwrite the suggested period for LPA. | ||
: | :4. You can insert the '''LPA Date From''' and '''LPA Date To''' columns to check. | ||
::[[File: GST-Set Tax Year & LPA-06.jpg| 30PX]] | ::[[File: GST-Set Tax Year & LPA-06.jpg| 30PX]] | ||
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Revision as of 05:06, 30 April 2016
Introduction
- To set the tax year and longer period adjustment (LPA).
Set Tax Year
[GST | Open GST Return...]
- 1. Highlight the final taxable period to be set as your First Tax Year, eg. final taxable period 01 Dec - 31 Dec 2016.
- 2. Double click on the highlight in step 1.
- 3. System will prompt you a dialog box.
- 4. Tick on the Tax Year to set a tax year point. See the screenshot below.
Longer Period Adjustment
- Declaration of annual adjustment amount:
- • Regulation 43 – in a GST Return for the second taxable period next following the longer period.
- For example,
- Assumed the tax year set on 31 Dec 2016, LPA should be declared in:
- 1) For monthly taxable period , the second taxable period is Feb 2017 and the submission is before or on 31/3/2017
- 2) For quarterly taxable period, the second taxable period is Apr-Jun 2017 and the submission is before or on 31/7/2017
GST Returns (LPA)
[GST | New GST Return...] or [GST | Open GST Return...]
- 1. Process the GST Return.For example, process the Second Taxable Period (01/02/2017 - 28/02/2017).
- 2. LPA will tick automatically.
Note: User allow to overwrite the suggested period for LPA.