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
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| title | 1. What's the tax code used for GST 0% for standard rated purchase and sales? |
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- 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-0% 6% (This tax code is advised to use for back-dated transactions)
- The tax code used for Sales (0%) will be SR-0%
Note: 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) If use tax code ZP
1. EMP configuration-tax, Item's Default Input Tax Code (Purchase) - HAVE to change to ZP
2. Item master : HAVE to change to ZP (export and update manually or tech support change on back end)
3. supplier master: default tax code with TX-6% - HAVE to change to ZP (export and update manually or tech support change on back end)
4. Impact on GST-03, 6a NO supplier value ; 6b NO gst amount |
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| title | 2. What's the action taken by Wavelet? |
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- 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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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: User need to manually change the tax rate to 0% following the date of issuing the Invoice (Consignment Billing) 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: 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. |
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| title | 13. What will the tax rate be for BOM items? |
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- 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.
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