How to Avoid Costly GST Errors: Difference between revisions

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::11. Bad Debt Recovered
::11. Bad Debt Recovered
::12. Output tax value breakdown into Major Industries Code (MSIC Code)
::12. Output tax value breakdown into Major Industries Code (MSIC Code)
::13. Disallowed Input Tax
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Revision as of 09:55, 21 September 2016

How to avoid costly GST errors?


Introduction

This guide will help you to easily identify the common GST errors in GST Returns. To minimize GST amendment and incorrect GST Returns to RMCD.
You may wish to take note the follow errors commonly made by businesses:
1. Standard Rated Supply (5a) and Output Tax (5b)
2. Stanadard Rate and Flat Rate Acquisitions (6a), and Input Tax (6b)
3. Carry forward refund for GST?
4. Local Zero-Rated Supplies
5. Export Supplies
6. Exempt Supplies
7. Supplies Granted GST Relief
8. Goods Imported Under Approved Trader Scheme and GST Suspended
9. Capital Goods Acquired
10. Bad Debt Relief
11. Bad Debt Recovered
12. Output tax value breakdown into Major Industries Code (MSIC Code)
13. Disallowed Input Tax


Standard Rated Supply (5a) and Output Tax (5b)

Stanadard Rate and Flat Rate Acquisitions (6a), and Input Tax (6b)

Carry forward refund for GST?

Local Zero-Rated Supplies

Export Supplies

Exempt Supplies

Supplies Granted GST Relief

Goods Imported Under Approved Trader Scheme and GST Suspended

Capital Goods Acquired

Bad Debt Relief

Bad Debt Recovered

Output tax value breakdown into Major Industries Code (MSIC Code)

See also