Content Comparison

This GST guide is to reference with official Royal Customs recent update as at 25th May 2018.
Kindly refer to the following link: (English Version) http://gst.customs.gov.my/en/hl/SiteAssets/pdf/FAQ28BI25.5.18%20-%2010.30AM.pdf
: (Malay Version) http://gst.customs.gov.my/en/hl/SiteAssets/pdf/FAQ28BM25.5.18%20-%2010.30AM.pdf

...

Expand

title	1. What's the tax code used for GST 0% for standard rated purchase and sales?

The tax code used for Purchase will be ZP-0% (This tax code is advised to use for transactions after 1st June 2018)
The tax code used for Purchase will be TX-6% (This tax code is advised to use for back-dated transactions)
The tax code used for Sales (0%) will be SR-0%

Notes:

If use tax code ZP-0%
1. EMP configuration-tax, Item's Default Input Tax Code (Purchase) - HAVE to change to ZP (from TX-6%); (Wavelet's support change on back-end when update server on 31 May 2018))
2. Item master : HAVE to change to ZP (Wavelet's support change on back-end when update server on 31 May 2018))
3. supplier master: default tax code with TX-6% - HAVE to change to ZP (Wavelet's support change on back-end when update server on 31 May 2018))
4. Impact on GST-03, 6a NO supplier value ; 6b NO gst amount

If use TX-0% involve minor changes
1. EMP configuration-tax, Item's Default Input Tax Code (Purchase) - NO changes required
2. Item master : NO changes required
3. supplier master: default tax code with TX - NO changes required
4. Impact on GST-03, 6a with supplier value ; 6b no gst amount (filed all the input tax claimed even gst amount = 0)

...

Expand

title	4. What's the action required user side?

User need to ensure the Printable/ Hard copy Tax Invoice passed to customer need to have 0% tax rate. Need to double check before pass to customer. If there have any hardcode 6%, can get helps from support team to do the adjustment

Before server update on 2018-05-31, user need to export the Item Listing file into Excel and save it. After server update on 2018-05-31, user need to export the Item Listing and compare the Price Tax Option/ Price Tax Option Input and the Price if it is correct. Refer to the link Item Listing to export to excel.
Menu Path: Inventory > Item > Item Listing
Select by Category or generate All Data > Export Data
Image Modified
Target Fields for checking Selling Prices
Default +
PRICE_LIST
PRICE_SALE
PRICE_DISC1
PRICE_DISC2
PRICE_DISC3
PRICE_MIN
PRICE_MAX

Image Modified

Target Fields for checking Purchase Prices
Default +
REPLACEMNENT_COST
PURCHASE_PRICE_MINIMUM
PURCHASE_PRICE_MAXIMUM

Image Modified

Expand

title	5. How to record transactions before 1 June 2018 with GST 6%?

Performing back-dated transaction for May 2018.

Input Tax

For back-dated transaction (before 1 June) for Input tax claim, GRN, Supplier Invoice, Payment Voucher, Supplier Credit Memo Select the TX-6%

Output Tax

Scenario: In June 2018, user wants to back-dated transactions to May 2018. However, starting 1st June 2018 onwards, EMP captures SR tax code as 0% . May 2018 has 6% GST.
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 change TAX CODE in the transaction, need to enable the permission as follows:

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

...

Expand

title	9. How should I declare GST-03 return with quarterly taxable period? (1 April 2018 to 30 June 2018)

GST	April	May	June *
5a	√	√	√
5b	√	√	0

*assume all SR-0%

Expand

title	10. 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.

...

Expand

title	11. Sales Return & Purchase Return

Scenario: Invoice (INV) was issued in May 2018 with 6% tax rate, Sales Return (SR) was created in June 2018. How would the SR be treated for GST?
Answer: SR in June 2018 need to have 6% tax rate based on the INV issued in May 2018. Applies the same for Purchase Return (PR) in June 2018 which is based on GRN from May 2018.

Scenario 2: If there have SR and PR being created in June 2018 with 6% gst, GST-03 (5b) and (6b) might result in negative amount. TAP file does not allow negative amount to be submitted.
Answer 2: User need to do GST adjustment with AJP tax code to remove Transfer the negative amount from GST-03 (5b) and to (6b) . to Claim back the GST amount

The following are the suggested steps to perform GST adjustment for negative amount at (5b) and (6b):

Example: GST-03 (negative amount at 5a and 5b due to SR with 6% gst in June 2018)

5a. : (RM 1272)
5b. : (RM 72)

Result:

6a. : -
6b. : RM 72

Note: No principle amount for AJP

Menu Path: Extended Module > Malaysia GST > Tax Filing > GST Adjustment

Image Added

Expand

title	12. Purchase Return

Scenario: GRN was received in May 2018 with 6% tax rate, Purchase Return (PR)

Suggested solution: To adjust out the 5b amount to 6b, to be able to claim back the amount.

Go to: Extended was created in June 2018. How would the PR be treated for GST?
Answer: Purchase Return (PR) in June 2018 need to have 6% tax rate based on the Supplier Invoice issued in May 2018.

Scenario 2: If there have PR being created in June 2018 with 6% gst, GST-03 (6b) might result in negative amount. TAP file does not allow negative amount to be submitted.
Answer 2: User need to do GST adjustment with AJS tax code to Transfer the negative amount from GST-03 (6b) to (5b) to PAY back the GST amount

The following are the suggested steps to perform GST adjustment for negative amount at (6b)

Example: GST-03 (negative amount at 6a and 6b due to PR with 6% gst in June 2018)

6a. : (RM 1200)
6b. : (RM 60)

Result:

5a. : -
5b. : RM 60

Note: No principle amount for AJS

Menu Path: Extended Module > Malaysia GST > Tax Filing > GST Adjustment

Image RemovedImage Added

Expand

title	13. Customer Consignment

Scenario 1:

Customer Consignment Create (CCO) was issued in May 2018

,

- SR-6%

Customer Consignment Return (CCI) was done in May 2018

.

- SR-6%

Consignment Billing (INV) was issued in June 2018

.

- SR-0%

Answer 1: User need to manually change the tax rate to 0% following the date of issuing the Invoice (Consignment Billing) ) ; As for the Customer Consignment Return (CCI) that was done in June 2018, it will not affect the GST, no GST record in system

Scenario 2:

Customer Consignment Create (CCO) was issued in May 2018 , - SR-6%

Customer Consignment Return (CCI) was done in June 2018 . - SR-6%

Consignment Billing (INV) was issued in June 2018- SR-0%

.
Answer 2: User need to manually change the tax rate to 0% for Consignment Billing. As for the Customer Consignment Return (CCI) that was done in June 2018, it will not affect the GST gl code. GST, no GST record in system

Expand

title	14. What will the tax rate be for BOM items?

The tax rate for BOM items will not be auto-changed after the server update on 2018-05-31.
User need to manually change the tax rate from 6% to 0%.
Wavelet will help to export the BOM listing before server update.
After server update, user need to edit the price and upload the BOM listing to the system.
User need to ensure the updated price at BOM should be correct after 1st June 2018.

Refer to the following link for BOM Upload.
Following are the steps upload the BOM listing with updated price after 1st June 2018:

Target Fields for checking Selling Prices
Default +
PRICE_LIST
PRICE_SALE
PRICE_DISC1
PRICE_DISC2
PRICE_DISC3
PRICE_MIN

...

Version	Old Version 22	New Version 23
Changes made by	Jia Pei Chan	Jia Pei Chan
Saved on	2018-May-28	2018-May-28

Versions Compared

Key