New GST Return

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Introduction

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

New GST Return

[GST | New GST Return...]

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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.
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3. DRAFT Status showed for the GST Returns period.
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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.
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3. Final GST Return will not show the word DRAFT in the status column.
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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.
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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.
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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.
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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.
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3. It will capture the net capital goods acquired value in GST-03 item 16.
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See also