New GST Return: Difference between revisions

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===Capital Goods Acquired===
===Capital Goods Acquired===
:1. If you have get a prompt for the '''GST Return - Capital Goods Acquired''', then it means there have some '''credit adjustment transactions''' for Fixed Asset Account.
:1. If you have get a prompt for the '''GST Return - Capital Goods Acquired''', then it means there have some '''credit adjustment transactions''' for Fixed Asset Account. See below screenshot.<br />
:2. See below screenshot.<br />
::[[File: GST-New GST Return-07.jpg| 30PX]]
::[[File: GST-New GST Return-07.jpg| 30PX]]
<br />
<br />
:3. Tick on the transactions line to take in the credit adjustment (eg. Rm15,000.00). See the screenshot below.
:2. Tick on the transactions line to take in the credit adjustment (eg. Rm15,000.00). See the screenshot below.
::[[File: GST-New GST Return-07b.jpg| 30PX]]
::[[File: GST-New GST Return-07b.jpg| 30PX]]
<br />
<br />
:4. It will capture the '''net capital goods acquired value''' in GST-03 item 16.
:3. It will capture the '''net capital goods acquired value''' in GST-03 item 16.
::[[File: GST-New GST Return-07c.jpg| 30PX]]
::[[File: GST-New GST Return-07c.jpg| 30PX]]
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<br />

Revision as of 06:50, 25 February 2016

Introduction

To process and close the GST Returns period. You can generate the GST-03 and GAF.

New GST Return

[GST | New GST Return...]

30PX
Field Name Field Type Explanation
Process From to Date GST Taxable Period,eg. either monthly or quarterly.
Process Date Date Date to process the GST Return.
Amendment Boolean Ticked. In GST-03, the "Amendment" checkbox will be marked X.
C/F Refund for GST Boolean Ticked. In GST-03, the Item 9 Do you choose to carry forward refund for GST? will be marked X in Yes checkbox.
Longer Period Adjustment (LPA) Boolean Auto ticked according to the first tax year adjustment.
Description String GST Return - Process From Date to Date (by default).
Ref 1 String Key-in any reference no.
Ref 2 String Key-in any reference no.



Draft-GST Return

[GST | New GST Return...]

You are able to draft the GST-03 before the final GST-03 submission by process as draft.
1. Click on the arrow key down at the Process button (Y).
2. See below screenshot.
30PX


3. DRAFT Status showed for the GST Returns period.
30PX


Note:
You still can amend the documents where the DRAFT GST return has generated. You can draft as many before FINAL process the GST Returns for the period.


Final GST Return

[GST | New GST Return...]

1. Click on the Process button.
2. See below screenshot.
30PX


3. Final GST Return will not show the word DRAFT in the status column.
30PX


Note:
You cannot amend the documents anymore where the FINAL GST return has generated.


Extra

AR Bad Debt Relief

AP Bad Debt Relief

Capital Goods Acquired

1. If you have get a prompt for the GST Return - Capital Goods Acquired, then it means there have some credit adjustment transactions for Fixed Asset Account. See below screenshot.
30PX


2. Tick on the transactions line to take in the credit adjustment (eg. Rm15,000.00). See the screenshot below.
30PX


3. It will capture the net capital goods acquired value in GST-03 item 16.
30PX


See also