WMS-1201 Wavelet EMP Advanced GST

Summary:

This is a very intensive course that takes a deep dive into Malaysia GST requirements. Step by step guide will be given to participants with basic GST understanding.

Target Audience:

• Wavelet EMP Software users (accountants, auditors)
• Wavelet Resellers / Partners

Detail Content:

1. GST Outline
2. Mapping Tax Codes (Mapping Tax Codes vs GST03 Return)
3. GST Setup
4. GST Transactions
   1. Purchase Transaction for Taxable Supplies
   2. Sales Transaction for Standard Supplies
   3. Sales Transaction for Deemed Supplies
   4. Deposit from Customer
   5. AR Bad Debt Relief
   6. AR Bad Debt Recovered
   7. AP Bad Debt Relief
   8. AP Bad Debt Paid
   9. GST on Imported Goods
   10. GST on Imported Service
   11. GST on Credit Card Charges (Manually) or GST on Credit Card Charges (via GST Tax Filing) 
   12. Tax on Credit Memos
   13. Deemed Supply
   14. Blocked Input Tax Credit
   15. GST Treatment for Designated Area (DA)
   16. Simplified Tax Invoice and Input Tax Claim
   17. Simplified Tax Invoice Conversion..
5. GST-03 Info & Formula

Accounting:

Purchase Transaction 

Sales Transaction

Account Double Entry