Transitional (from GST to SST)

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Revision as of 06:21, 10 October 2018 by Csloo (talk | contribs) (Created page with "==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'''. # Bad Debt Relief is allowed...")
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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.


For example, on 13 SEPT 2018, my company has received a supplier tax invoice dated 07 MAY 2018 and amount inclusive GST is RM10,600.
GST-FinalReturn 02.jpg


Enter at Purchase Invoice

Menu: Purchase | Purchase Invoice

GST-FinalReturn 03a.jpg


1. Set Date.... to record the original invoice date (eg. 07 MAY 2018).
2. Set Posting Date... to post this transaction into GL reporting as at 13 SEP 2018.
Note: 
To enable to set Posting Date, the Double Document Module is required.
3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
GST-FinalReturn 04.jpg


Enter at Supplier Invoice

Menu: Supplier | Supplier Invoice

GST-FinalReturn 05.jpg


1. Set Date.... to record the original invoice date (eg. 07 MAY 2018).
2. Set Posting Date... to post this transaction into GL reporting as 13 SEP 2018.
Note: 
To enable to set Posting Date, the Double Document Module is required.
3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
GST-FinalReturn 06.jpg



Enter at Cash Book (PV)

Menu: GL | Cash Book Entry...

GST-FinalReturn 07.jpg


1. Set Date.... to record the original invoice date (eg. 07 MAY 2018).
2. Set Posting Date... to post this transaction into GL reporting as at 13 SEP 2018.
3. Set Tax Date...to declare this GST input tax into Final GST Returns (31 AUG 2018).
GST-FinalReturn 08.jpg


Final GST Returns

Menu: GST | New GST Return

Process GST Returns up to 31 AUG 2018.
Items Value
6a 10,000
6b 600
NOTE: 
* Final GST Returns until 31 AUG 2018.
* Last date of submission for the Final GST Returns is 29 DEC 2018.


See also