Transitional (from GST to SST): Difference between revisions

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==Bad Debt Relief/Recovered==
=Bad Debt Relief/Recovered=
# GST registered person is eligble to claim the bad debt relief even if it spans on or after '''1 September 2018'''.
# GST registered person is eligble to claim the bad debt relief even if it spans on or after '''1 September 2018'''.
# Bad Debt Relief is allowed to be claimed '''within 120 days from the SST effective date (eg. 1 September 2018)'''.
# Bad Debt Relief is allowed to be claimed '''within 120 days from the SST effective date (eg. 1 September 2018)'''.
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===Final GST Return Processor===
==Final GST Return Processor==
''Menu: SST/GST | New GST Return...''
''Menu: SST/GST | New GST Return...''
::[[File:GSTSST-Transitional_02.jpg]]
::[[File:GSTSST-Transitional_02.jpg]]
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:2. Set the Process Date '''(B)''' as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date).  
:2. Set the Process Date '''(B)''' as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date).  
::[[File:GSTSST-Transitional_03.jpg | 800PX]]
::a) For example,
::[[File:GSTSST-Transitional_03.jpg | 1000PX]]
<br />
<br />
::[[File:GSTSST-Transitional_04.jpg | 800PX]]
::b) Double entry for '''Cases 1'''.
::[[File:GSTSST-Transitional_04.jpg | 1000PX]]
<br />
<br />
::[[File:GSTSST-Transitional_05.jpg | 800PX]]
::C) Double entry for '''Cases 2'''.
::[[File:GSTSST-Transitional_05.jpg | 1000PX]]
<br />
<br />
=Retention Invoice Payment=


==See also==
==See also==

Latest revision as of 04:00, 11 October 2018

Bad Debt Relief/Recovered

  1. GST registered person is eligble to claim the bad debt relief even if it spans on or after 1 September 2018.
  2. Bad Debt Relief is allowed to be claimed within 120 days from the SST effective date (eg. 1 September 2018).
  3. Bad Debt Recovery made on or after 1 September 2018 must to be paid as output tax to RMCD within 120 days from the SST effective date by amending the Final GST Return.


GSTSST-Transitional 01b.jpg


Final GST Return Processor

Menu: SST/GST | New GST Return...

GSTSST-Transitional 02.jpg


1. System will AUTO define the last taxable period (A), eg...
Process From Process To
01/07/2018 31/08/2018


2. Set the Process Date (B) as the date submit the Final GST return before 29 December 2018 (within 120 days from the SST effective date).
a) For example,
1000PX


b) Double entry for Cases 1.
1000PX


C) Double entry for Cases 2.
1000PX


Retention Invoice Payment

See also