New GST Return: Difference between revisions

From eStream Software
 
(6 intermediate revisions by one other user not shown)
Line 61: Line 61:


==Extra==
==Extra==
===AR Bad Debt Relief===
===AR & AP Bad Debt Relief===
:1. Bad Debt Relief screen will be prompted (see the screenshot below) if the system found there are outstanding Tax Invoices has expired at 6 months. <br />
:2. Sales documents from the company with empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person. <br />
::[[File:03 GST BDR-GST Return1.jpg | 30PX]]
<br />
'''Tips:'''
[[File:Template.Warning-01.jpg|80px]] To avoid to tick the documents manually for GST Registered company, please go to update the GST no at Maintain Customer.<br />


===AP Bad Debt Relief===
:3. Press OK if get a "confirm" message prompted (see the screenshot below), it means there are some company do not have GST No. <br />
:4. If you has confirmed that the company is '''Non-GST Registered person''' then you can press YES to proceed. <br />
:5. Otherwise press NO, you have to update the GST No at Maintain Customer to confirm the company is a '''GST Registered person''' before process the GST Return. <br />
::[[File:03 GST BDR-GST Return2.jpg | 30PX]]
<br />


===Capital Goods Acquired===
===Capital Goods Acquired===
Line 69: Line 79:
::[[File: GST-New GST Return-07.jpg| 30PX]]
::[[File: GST-New GST Return-07.jpg| 30PX]]
<br />
<br />
:2. 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). Otherwise, it will capture the value Rm60,000.00 in GST-03 item 16. See the screenshot below.
::[[File: GST-New GST Return-07b.jpg| 30PX]]
::[[File: GST-New GST Return-07b.jpg| 30PX]]
<br />
<br />

Latest revision as of 08:53, 24 November 2017

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 & AP Bad Debt Relief

1. Bad Debt Relief screen will be prompted (see the screenshot below) if the system found there are outstanding Tax Invoices has expired at 6 months.
2. Sales documents from the company with empty GST No will be unticked. You can tick the documents if you think this company is a GST Registered person.
30PX


Tips: 
Template.Warning-01.jpg To avoid to tick the documents manually for GST Registered company, please go to update the GST no at Maintain Customer.
3. Press OK if get a "confirm" message prompted (see the screenshot below), it means there are some company do not have GST No.
4. If you has confirmed that the company is Non-GST Registered person then you can press YES to proceed.
5. Otherwise press NO, you have to update the GST No at Maintain Customer to confirm the company is a GST Registered person before process the GST Return.
30PX


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). Otherwise, it will capture the value Rm60,000.00 in GST-03 item 16. See the screenshot below.
30PX


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


See also