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Disclaimer: The following are recommended solutions only. Please refer to any changes or latest updates from RMCD official website. 

Note: We are updating contents of this page.

1A) Filing Cycle 

The following is the final filing cycle for GST period and GST exit.

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For quarterly submission will be as follows: 

Note:

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• For quarterly submission, the existing filing cycle would be Jul - Sept 2018 and Oct - Dec 2018.

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• ** Please request from our Support team to edit the financial cycle if you need to proceed with GST Final Submission for Input Tax. 

2)In case all the Input Tax has been claimed by Aug 2018 and also, the Inventory and Fixed Asset has been declared in Aug 2018, user do not need to proceed with Sept - Dec 2018 GST final submission. 2B) GST-03 (5b) and (6b) transfer negative amount

• For Filing cycle that falls in June, July and August 2018 Filing cycle, there are high possibilities of negative amount to be reflected at (5b) and (6b). 
• User needs to do GST adjustment using AJP and AJS, to transfer the amount from (5b) to (6b) and vice versa. 

Sales Return (Negative amount at GST-03 5a)

Scenario 1: If there have SR being created in June 2018 with 6% gst, GST-03 (5b) might result in negative amount. TAP file does not allow negative amount to be submitted.
Answer 1: User need to do GST adjustment with AJP tax code to Transfer the negative amount from GST-03 (5b) to (6b) to Claim back the GST amount

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

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 

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Purchase Return (Negative amount at GST-03 6a)

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. : 3 RM 60

Note: No principle amount for AJS

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

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C) Input Tax Filing - Final claim 

• For the final GST submission, user needs to generate all the remaining documents that has not filed. 
• Go to Extended Module > Malaysia GST > Tax Filing > Input Tax Filing 

• User needs to ensure the date generated should be from 2015-04-01 till 2018-08-31. It is advised that the users should not generate the date for this Input Tax Filing from 2015-04-01 till 2018-12-31. Since there is no GST from September 2018 onwards, there should not be any documents listed if the date range is selected up to 2018-12-31. 
• All the Input Tax documents up to transaction date of 2018-08-31 should be filed. The amount will be reflected at GST-03 (6a) and (6b). 
• For Input Tax GL, all the amount shall be transferred to gstPayable GL upon filing all the Input Tax documents. 
• Upon transferring Input Tax to gstPayable GL, there will be Debit balance. This amount in the Balance Sheet will be carried forward till the refund from Customs is received. 

4) Declare Stock and Capital Goods 

Stock Declaration for final GST submission

5) Output Suspended GL

• To check if there is INV created but have not settled with Deposit RCT yet. 
• If there is INV outstanding and have not settled with Deposit RCT, user need to contra both documents. 
• However, after contra, there will be balance amount at Output Tax. (To check if can be filed) - Follow settlement date? To do 2nd Revision, or can file in Sept - Dec 2018 cycle? Might cause 5a and 5b to have amount. 

6) Balance Sheet GST - still carry forward to 2019?

7) Bad Debt Treatment 

• AR Bad Debt Relief still can be claimed till the last submission 2018-12-29
• Subject to internal company's decision, to claim the Bad Debt Relief. However, in 2019, if the Bad Debt is recovered, there will be outstanding amount at Output Tax GL. 
• If company decided not to claim Bad Debt Relief, in assumption/ assurance that the customer will pay in 2019, and later the payment is not received, the company shall absorb the loss. 
• The same case applies to AP Bad Debt. For your supplier, it is advised to settle all the payments for the SINV created before 2018-08-31, to refrain from AP Bad Debt Paid and Bad Debt Recovered process. 

8) Blocked Capital Goods D) Output Tax Filing 

• User needs to file output tax from Sept - Dec 2018.
• For the period of Sept 2018 - Dec 2018, there should not be any Invoice documents with GST.
  • However, it is possible to have Sales Return documents with GST 6% from the Invoices created during GST period.
• After run filing for Output Tax Sept - Dec 2018, the amount at GST-03 5a and 5b might be negative due to Sales Return.
  • 5a amount is negative due to Supply amount from Sept - Dec 2018, are all Sales Return.
• User needs to do GST adjustment from Note B above; the amount from 5b will be transferred to 6b.
  • For 5a, user do not need to do adjustment.
• When submitting the GST-03 via TAP, user do not need to submit 5a amount which shows negative.

E) Declare Stock and Capital Goods 

Stock

• Generate SBR-05 as at 2018-08-31 to get the final stock value. 

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Capital Goods 

• For Capital Goods, user needs to refer to the printed TAP form from filing cycle from April 2015 till August 2018, and sum up all the amount from Section 16. 
• Preferably, to sum up all the Section 16 in excel file as per sample below: 

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** The amount from SBR-05 for stock and sum of Section 16, should be added manually at GST-03 Section (5a) when submitting the tax return using TAP form, the above worksheet as supporting documents

F) Balance Sheet GST GL Codes

• User needs to be examine the GST GL codes which are reflected at the Balance Sheet, as these amounts will be carried forward to the following year if it is not cleared. 
• After all the GST amount has been filed and any error has been rectified, if there is still balance at the GST GL's, kindly refer to Auditors or Consultants.
• The following are the GST GL Codes, possibly to be still reflected under the Balance Sheet. 

1. gstInput
2. gstOutput
3. gstOutputSuspended 
4. gstPayable
5. gstControl
6. gstContra
7. badDebtAR
8. badDebtAR_Recovered
9. badDebtAP
10. badDebtAP_Paid
11. Any other GST GL's reflected under Balance Sheet

Note: Several GL Codes listed above may not be appearing in your system. Different companies may have different GL names. 

G) Bad Debt Treatment 

• User is advised to process the AR Bad Debt Recovered and AP Bad Debt Paid and clear the accounts by the last GST filing cycle and submit by 2018-12-29.

Reference:

Please refer to custom website for the latest update

https://mysst.customs.gov.my/