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This GST guide is to reference with official Royal Customs recent update as at 25th 30th 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

                                                : (Chinese Version) http://gst.customs.gov.my/en/hl/SiteAssets/pdf/FAQ%20GST%20TO%20ZERO%20RATE%2028129.pdf

TOPICS:


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title1. 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. GST-03, 6a with supplier value ; 6b  0 gst amount (filed all the input tax claimed even gst amount = 0), refer to GST-03 version 4, refer GST-03 Info & Formula


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)gst amount = 0), refer to GST-03 version 4, refer GST-03 Info & Formula




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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-NC, BL, TX-CG, IM-CG
  • Sales : SR, DS, DS-ISRV
  • Remain unchanged : 
  • TX-6%
    IM-0% (tax on imported goods - 6%)
    AJP-6%
    AJS-6%
  • Flat rate: TX-FRS - remain 2%
  • Wavelet will update server on 2018-05-31 night
  • Replace Item Master, Supplier Master, TX to ZP
  • Change Selling Price to excluded gst and update the rounding (based on the feedback on telegram group)

...

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title3. Do I need to change the Tax Configuration?


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title3.1: EMP Tax Configuration

It is advised to User NEED TO manually change the EMP Configuration > Tax for Sales (Output Tax) to Item Price Excluded Tax method, so as to when perform back dated transaction and normal transactions, it is easier to do the calculation on SR-6%.

Go To: Control Panel > System Admin > EMP Configuration > Tax 

Image Added

Purchase (Input Tax) - Change "Item's default Input Tax Code (Purchase) to "ZP", Item price include tax rate "untick" Excluded Tax method


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

Menu Path: Control Panel > EMP Configuration > Tax

Selling Prices

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

After server update

Purchase Prices

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

  • If the "Item price include tax rate" box is tick (Included gst) , have to export the item master file and change manually, then re-upload the item code 


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title3.3 Supplier Maintenance
  • Default Tax Config for the supplier maintenance should be "empty", follow Item Master (ZP-0%)
  • If supplier master: default tax code with TX-6% - HAVE to change to ZP (Wavelet's support will make the change from back-end when performing a server update on 31 May 2018)
  • IM - ZP-0%
  • NR - no changes required


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title3.4 Customer Maintenance
  • Default Tax Config for the customer maintenance should be "empty", follow Item Master (SR-0%)
  • Default Tax Config for Designated Area ZDA change to SR-0%
  • Relief Supply: RS  change to SR-0%
  • Default tax config for Export Oversea, ZRE - no changes required (GST-03, field 11)



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title4. What's the action required user side?s the action required user side?
  • Refer Point 3.1 for user to manually change the settings for EMP Configuration > Tax


  • User needs 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 printable with 6% written, can raise to Wavelet 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
  • Target Fields for checking Selling Prices 
  • Default + 
  • PRICE_LIST 
  • PRICE_SALE
  • PRICE_DISC1
  • PRICE_DISC2
  • PRICE_DISC3
  • PRICE_MIN
  • PRICE_MAX

  • Target Fields for checking Purchase Prices 
  • Default + 
  • REPLACEMNENT_COST
  • PURCHASE_PRICE_MINIMUM
  • PURCHASE_PRICE_MAXIMUM


...

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title6. How does the system handle deposit transactions?


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titleFull Payment (Full Deposit)

Scenario: In May 2018, customer paid full payment (RCT). and Invoice not ceated

Answer: In June 2018, the Invoice (INV) is issued or Sales Order (SO) converted to Invoice.

INV in June 2018 has SR-6% tax rate, the RCT in May 2018 has GST output suspended, the Invoice GST SR-6% settled with Deposit SR-6%


GST output tax result, assume both transaction date on 2018-06-02



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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, GST output suspended.


Suggested solution:

  1. Before 1st June 2018, it is advisable for the user to create PV (refund method), to knock off with the Partial Deposit (RCT) which includes 6%. 
  2. User can ONLY create the PV to cancel the Partial Deposit in May 2018. Starting 1st June, user should not create the PV for Partial Deposit knock off as this will affect the GST-03 filing. 
  3. With this method, on MAY GST filling cycle, the gst from GST able to claim back, please take note that CREATION DATE MUST BE on MAY
  4. User needs to re-issue the RCT in June 2018.
  5. advisable to create new cashbook for these transaction
  6. the GST output suspended glcode will be updated after the MAY GST Filling

To create PV and knock off with RCT partial deposit, the steps would be as follows: 

Menu Path : Finance > Payment Voucher > Create

 

GST report on May 2018 filling cycle



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