WMS-1202 GST Filing with Wavelet EMP

WMS-1202 GST Filing with Wavelet EMP

Detail Content:

Purchase Transaction 

Sales Transaction

Accounting Double Entry

GST Filing Checklist

1. Please make sure the Financial Year added
2. Please make sure the Tax Year added (first taxable period is the same as the GST registration approval letter) 
3. Create the Filing Cycle 
4. GST Adjustment (Credit Card Charges, Bank Charges, AJP, AJS) 
5. Declare AR Bad Debt (for Over six months outstanding invoices) - Filing on October 2015 
6. Declare AR Bad Bebt Recovered (for previously declared Bad Debt) - Filing on November 2015 
7. File Output Tax 
8. Declare AP Bad Debt (for Over six months outstanding invoices) - Filing on October 2015 
9. Declare AP Bad Bebt Paid (for previously declared Bad Debt) - Filing on November 2015 
10. File Input Tax on Imported Goods
11. File Input tax (regular transaction) 
12. Reports for Submissions : GST-03 
13. Reports for Submissions (upon request from Royal Custom): GST Audit File (GAF) 
14. Supporting Reports
    i) Simplified Tax Invoice Report
    ii) Output Tax Invoice Report
    iii) Input Tax Invoice Report
    iv) Output And Input Tax Summary Report
15. Create Journal Transaction for GST payable
16. Create Payment Voucher for GST payable 
17. Lock Filing Cycle 
18. Lock Financial Period