WMS-1202 GST Filing with Wavelet EMP
Detail Content:
Purchase Transaction
Sales Transaction
Accounting Double Entry
GST Filing Checklist
- Please make sure the Financial Year added (Add Financial Year)
- Please make sure the Tax Year added (first taxable period is the same as the GST registration approval letter) (Add Tax Year)
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- Create the
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- Filing Cycle (Tax Filing Cycle Create)
- Input Tax Credit Transaction (Expenses, Credit Card Charges, Bank Charges
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- (GST on Credit Card Charges (Manually))
- GST Adjustment (AJP/AJS : GST Adjustment, Rounding Adjustment in GST Input Tax, TX-RE : Capital Goods Adjustment)
- Declare AR Bad Debt (for Over six months outstanding invoices) - Filing on October
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- 2015 (Customer (AR) Bad Debt Relief)
- Declare AR Bad
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- Debt Recovered (for previously declared Bad Debt) - Filing on November
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- 2015 (Customer (AR) Bad Debt Recovered)
- File Output
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- Tax (Output Tax Filing)
- Declare AP Bad Debt (for Over six months outstanding invoices) - Filing on October
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- 2015 (Supplier (AP) Bad Debt Relief)
- Declare AP Bad Bebt Paid (for previously declared Bad Debt) - Filing on November
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- 2015 (Supplier (AP) Bad Debt Paid)
- File Input Tax on Imported Goods (Tax on Imported Goods)
- File Input tax (regular transaction) (Input Tax Filing)
- Reports for Submissions : GST-
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- 03 (GST-03 (GST Tax Return)
- Reports for Submissions (upon request from Royal Custom): GST Audit File (GAF) (GST Audit File)
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- Supporting Reports
i) Simplified Tax Invoice Report
ii) Output Tax Invoice Report
iii) Input Tax Invoice Report
iv) Output And Input Tax Summary Report
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- i.) Payment of GST (Create Payment Voucher for GST payable
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- )
ii) Returns of GST (Received Payment from RMCD) - Lock Filing
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- Cycle (Tax Filing Cycle Listing)
- Lock
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- Financial Period (Edit Financial Year and Period)
Optional:
Create Journal Transaction for
i) GST payable (Journal Transaction for GST Payable)
ii) GST claimable ( Journal Transaction for GST claimable)