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/rg/SiteAssets/FAQ_BIPDF.pdf
: (Malay Version) http://gst.customs.gov.my/en/rg/SiteAssets/FAQ_BMpdf.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-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. GST-03, 6a with supplier value ; 6b 0 gst amount (filed all the input tax claimed even gst amount = 0)
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. GST-03, 6a with supplier value ; 6b 0 gst amount (filed all the input tax claimed even gst amount = 0)
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| title | 8. Do I need to submit GST-03 return? |
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- Yes, GST-03 still needed to be submitted.
- Please refer to GST-03 Info & Formula for GST-03 Version 4
- Note: If there is negative amount at GST-03 (5b) and (6b), user need to do gst adjustments with AJS or AJP
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