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- This refers to the tax that can be withheld during supplier payment (Payment Voucher). This is used in Thailand.
- Branches and default GLCode can be configured
| Tab | Field | Description | Recommended Value |
| General | Tax Country | This will determine how GST is processed and reported. Also, by setting this, all tax codes defined by Royal Customs will be activated automatically | MALAYSIA |
| Goods and Service Tax Abbreviation | This is for labelling. Default value is “Tax” | GST | |
| Sales (Output Tax) | Branch | Normally, if a company is subjected to GST, all its branches will be subjected to GST, except those in Tax Free Zone. | All branches subjected to GST. |
| Item’s Default Output Tax Code (Sales) | When this is enabled, when adding new item from Inventory > Item > Add Item, default values : Tax Option = Tax Applicable, Input Tax Code = the chosen GST Code | SR | |
| Default GL Code | This GL Code will be used to record all Output GST during sales transactions. Ensure this GL Code has already been added into the system first. | gst_Output | |
| Default GL Code for Bad Debt Relief | When a Supplier Invoice is declared as bad debt, it will increase the Output Tax. For more information, refer to Supplier (AP) Bad Debt Relief | badDebtAP | |
| Default GL Code for Bad Debt Paid | When a Supplier Invoice is declared as bad debt but later on paid, it will increase Input Tax. For more information, refer to Supplier (AP) Bad Debt Paid | badDebtAP_Paid | |
| Default GL Code for Deposit | This GL Code will be used to record the deposit’s GST. For more information, refer to Deposit from Customer | gst_Output_Suspended | |
| Item price include tax rate | By default, item’s selling price is excluding GST. Enable this if the amount keyed in by cashier is inclusive of tax amount. Example : Item Selling Price = Rm100, GST = 6%, Qty sold = 1 If this Option is Disabled, Invoice will show : Sub Total = Rm100, GST = Rm 6, Grand Total : Rm106. If this Option is Enabled, Invoice will show : Grand Total = Rm100, GST : Rm6 | ||
| Tax Rounding Option | Decides how the GST amount should be rounded. Round half-up : 0.001 - 0.004 round to 0.00, 0.005 - 0.009 round to 0.01. Round up : 0.001 - 0.004 round to 0.01, 0.005 - 0.009 round to 0.01 | 2 decimals, round half-up | |
| Purchase (Input Tax) | Branch | Normally, if a company is subjected to GST, all its branches will be subjected to GST, except those in Tax Free Zone. | All branches subjected to GST. |
| Item’s Default Output Tax Code (Sales) | When this is enabled, items added to PO / GRN will by default, follow the GST Code configured | TX | |
| Default GL Code | This GL Code will be used to record all Input GST during purchase transactions. Ensure this GL Code has already been added into the system first. | gst_Input | |
| Default GL Code for filing | This does not need to be set for Malaysia GST at the moment. | <blank> | |
| Default GL Code for AR Bad Debt Relief | When a Customer Invoice is declared as bad debt, it will increase the Input Tax. For more information, refer to Customer (AR) Bad Debt Relief | badDebtAR | |
| Default GL Code for AR Bad Debt Recovered | When a Customer Invoice is declared as bad debt but cleared later, it will increase the Output Tax. For more information, refer to Customer (AR) Bad Debt Recovered | badDebtAR_Recovered | |
| Default GL Code for IRR Adjustment (Advance only) | This GL Code will be used to record GST amount for IRR Adjustment. For more information, refer to Partial Exemption (IRR) | gst_Control | |
| Item price include tax rate | By default, item’s purchase price is excluding GST. Enable this if the amount keyed in by procurement staff is inclusive of tax amount. Example : Item purchase Price = Rm100, GST = 6%, Qty sold = 1. If this Option is Disabled, GRN will show : Sub Total Rm100, GST Rm 6, Grand Total Rm106. If this Option is Enabled, GRN will show : Grand Total Rm100, GST Rm 6 | ||
| Tax Rounding Option | Decides how the GST amount should be rounded. Round half-up : 0.001 - 0.004 round to 0.00, 0.005 - 0.009 round to 0.01. Round up : 0.001 - 0.004 round to 0.01, 0.005 - 0.009 round to 0.01 | 2 decimals, round half-up | |
| Withholding Tax (Customer) | Not applicable to Malaysia | ||
| Withholding Tax (Supplier) | Not applicable to Malaysia |