Introduction
- To set the tax year and longer period adjustment (LPA).
Set Tax Year
[GST | Open GST Return...]
- 1. Highlight the final taxable period to be set as your First Tax Year, eg. final taxable period 01 Dec - 31 Dec 2016.
- 2. Double click on the GST Returns highlight in step 1.
- 3. System will prompt you a dialog box.
- 4. Tick on the Tax Year to set a tax year point. See the screenshot below.
- 5. Click Save.
- 6. You can insert a column Tax Year, eg. Tax Year point set at 31 Dec 2016.
Note: You can direct set the tax year without delete/purge the GST Returns.
Longer Period Adjustment
- Declaration of annual adjustment amount:
- • Regulation 43 – in a GST Return for the second taxable period next following the longer period.
- For example,
- Assumed the tax year set on 31 Dec 2016, LPA should be declared in:
- 1) For monthly taxable period , the second taxable period is Feb 2017 and the submission is before or on 31/3/2017
- 2) For quarterly taxable period, the second taxable period is Apr-Jun 2017 and the submission is before or on 31/7/2017
GST Returns (LPA)
[GST | New GST Return...] or [GST | Open GST Return...]
- 1. Process the GST Return.For example, process the Second Taxable Period (01/02/2017 - 28/02/2017).
- 2. LPA will tick automatically.(if you have set the tax year)
- 3. Suggested period to be adjusted for LPA.
Note: User allow to overwrite the suggested period for Longer Period.
- 4. You can insert the LPA Date From and LPA Date To columns to check.
GST Listing - Mixed Supply (LPA)
[GST | Print GST Listing...]
Longer Period Adjustment (LPA)
- 1. Select the Date From and Date To (eg. the financial year is 01/01/2016 - 31/12/2016).
- 2. Click Apply.
- 3. Click Preview.
- 4. Select the report name : GST Detail 4 - Mixed Supplies.
- 5. Press Ok.
- Page 1: GST Listing 4 - Mixed Supplies
- Page 2: GST Listing 4 - Mixed Supplies
