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Priyasri Subramaniam

Jia Pei Chan

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title2. What's the action taken by Wavelet?
  • Wavelet will be changing the tax rate from 6% to 0%.
  • Related tax code:
  • Purchase : TX, TX-NC, BL, TX-CG, IM-CG, AJP
  • Sales : SR, DS, DS-ISRV, AJS
  • Flat rate: TX-FRS - remain 2%
  • Wavelet will update server on 2018-05-31 night


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title3. Do I need to change the Tax Configuration?


EMP Tax Configuration will be changed by Wavelet during the server update on 2018-05-31 night. 
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title3.1: EMP Tax Configuration

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title3.2: Item Maintenance (Selling Price / Purchase Price)

Selling Prices

  • User need to inform Wavelet if need to use price Selling Prices as Inclusive or Exclusive. Wavelet will be updating the system for the item price during the server update on 2018-05-31. 

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Purchase Prices

  • If the "Item price include tax rate" box is untick, no action required , price show as Excluded gst

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title3.2 Supplier Maintenance
  • Tax Code and Tax Rate at Supplier Maintenance need to be checked. 


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title3.3 Customer Maintenance
  • Tax Code and Tax Rate at Customer Maintenance need to be checked. 


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title5. How to record transactions before 1 June 2018 with GST 6%?

Performing back-dated transaction for May 2018.

Scenario: In June 2018, user wants to back-date transactions to May 2018. However, starting  1st June 2018 onwards, EMP captures SR tax code as 0% and TX tax code as 0%. May 2018 has 6% GST.   Especially for the Supplier Invoice or Expenses transactions (transaction for Input tax claim)
Answer: User need to manually change the Tax Rate from 0% to 6% at the Item Widget before Confirm and Save the transaction. To allow user to back-date change TAX CODE in the transaction, need to enable the permission as follows: 

Go to: Control Panel > System Admin > Manage Users > Configure Role Permission Image Removed> Extended Module >  General Malaysia GST Permission > Permission to add/edit Item Widget Tax

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title6. How does the system handle deposit transactions?


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titleFull Deposit

Scenario: In May 2018, customer paid full deposit payment (RCT). In June 2018, the Invoice (INV) is issued or Sales Order (SO) converted to Invoice. RCT in May 2018 has GST output suspended. INV in June 2018 has 0% tax rate. 
Answer:



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titlePartial Deposit

Scenario: In May 2018, customer made partial deposit payment (RCT). In June 2018, the Invoice (INV) is issued or Sales Order (SO) converted to Invoice. Partial RCT in May 2018 has 6% rate included. Another partial RCT in June, will there be 6% tax rate?
Answer: 



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title7. When Sales Order created before 1 June but converted after 1 June, does system auto change the tax rate to 0%?
  • NO. user need to change the tax rate from 6% to 0% manually


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title8. Do I need to submit GST-03 return?
  • Yes, GST-03 still needed to be submitted.

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title9. How should I declare GST-03 return with quarterly taxable period? (1 April 2018 to 30 June 2018)

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title10. How to treat Bad Debt Relief before 1 June and Bad Debt Recovered after 1 June

Scenario: Bad Debt Relief was done in May 2018, Bad Debt Recovered was done in June 2018.
Answer: Bad Debt Recovered need to have 6% tax rate if it is done in June 2018, if it is related to Bad Debt Relief done in May 2018 or before.


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title12. Consignment

Scenario 1: Customer Consignment Create (CCO) was issued in May 2018, Customer Consignment Return (CCI) was done in May 2018. Consignment Billing (INV) was issued in June 2018. 
Answer 1: Transaction will be as usual. CCO and CCI will have 6% tax rate and INV from consignment billing will have 0% tax rate. 

Scenario 2: Customer Consignment Create (CCO) was issued in May 2018, Customer Consignment Return (CCI) was done in June 2018. Consignment Billing (INV) was issued in June 2018.
Answer 2: 

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