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GST & Major Industry Code
Author: Michael Cho Reference Number: AA-01490 Views: 28787 Created: 2015-03-09 00:58 Last Updated: 2015-04-15 23:49 0 Rating/ Voters

All Malaysian GST registered businesses are assigned and classified under at least 1 or more Major Industry Code.

How do I set this up in my software to ensure the proper information is captured in my GST-03?

Sage products caters fully for this requirement and produces the necessary analysis for the tax return, GST-03.

What if I only have 1 major industry code?

In this situation, the solution is very straight-forward. You will have to set this up in the general GST setting of your Sage UBS or Sage 50 or via the GST Set-up Wizard. 


What if I have multiple major industry codes?

When there are multiple major industry codes involved, then we would need to classify and attach the various codes to the proper supplies that our business provides to our customers. To achieve this, each product or product group can be assigned the Major Industry Code. This enables our users to classify this as fine as possible and generate the necessary output. 


What if it is not defined completely?

If I have a few major industry codes and I dd not define all of the products (or for more efficiency product groups,which products are tied to) then the GST for those transactions will fall into the category Others. 

Where do I see the information in the GST-03?

If the set-up is done correctly, there are no additional steps required in the Sage products. The result that you require will show correctly on your GST-03.


Rss Comments 23
  • [ aida]: what is industrial code? 2015-08-04 13:41 #

    what is industrial code?when I fill the gst ,they want Msic code.i don't understand because I did not use any system to key in data.i just put in manual.

  • [Li Zhen Yap]: Re: what is industrial code? 2015-08-04 16:12#

    Dear Aida,

    Thank you for your enquiry.

    MSIC Code is an item code (5 digits) representing your business nature (Major Industry Code).

    You may find out your code at Malaysia Standard Industrial Classification which can be downloaded from www.statistics.gov.my or http://msic.stats.gov.my/bm/.

  • [ ]: 2015-05-30 22:57 #

    Major industri codes miss insert in one transation

  • [Li Zhen Yap]: Re: 2015-06-01 10:38#

    Hi,

    Thank you for your enquiry.

    Could you let us know where did you enter that transaction?

    If you have entered at Inventory& Billing, you may refer to the link below:

    http://knowledge.sage.my/index.php?/article/AA-06602

  • [ agnes]: miss enter major industry code after posting 2015-05-30 19:35 #

    how to reenter the code

  • [Li Zhen Yap]: Re: miss enter major industry code after posting 2015-06-01 10:58#

    Dear Agnes,

    Thank you for your enquiry.

    After posted, kindly do refer to the link below:

    http://knowledge.sage.my/index.php?/article/AA-06602

  • [ IRIS]: re:industry code 2015-05-28 18:29 #

    can i ask ,if i need to add one more industry code ,i need apply again with custom or just additional in ubs ?

  • [Li Zhen Yap]: Re: re:industry code 2015-05-29 19:06#

    Dear Iris,

    Thank you for your enquiry.

    Kindly do refer to Kastam or visit http://msic.stats.gov.my/bi/

    As for Sage UBS 2015, you can refer to the article above to add in the Major Industry Code.

  • [ Liew]: major industries code 2015-05-27 17:32 #

    My company is making furnitures & house renovation works. I have only receive 1 major industry code (16221) when i register for GST. How am i to fill in the GST3 on section 19? Do i need to breakdown the MSIC Code or just fill in the industry
    code that i receive? Thank you.

  • [Li Zhen Yap]: Re: major industries code 2015-05-28 11:02#

    Dear Liew,

    Thank you for your enquiry.

    Do you mean your Part C: Additional Information, No 19 do not show Major Industry Code?

    1. Have you add your Major Industry Code at GST Wizard in the system previously? Steps to add in:

    Sage UBS 2015 > GST Wizard > Company Profile > I want to set up my Company Profile Now > Major Industry Code > Add > Save.

  • [ olivia]: major industry code 2015-05-24 10:35 #

    i want to start now to use ubs system , but i not know how to key major industry code .
    Our business is purchase shrimp from outside , after that sold to customers . I want to know major industry code ? Thank you

  • [Li Zhen Yap]: Re: major industry code 2015-05-28 14:11#

    Dear Olivia,

    Thank you for your enquiry.

    Kindly do check your Major Industry code at

    http://msic.stats.gov.my/bi/carianInteraktif.php

    As for adding Major Industry Code in the system, kindly go to:
    Sage UBS 2015 > GST Wizard > Company Profile > I want to set up my Company Profile Now > Major Industry Code > Add > Save.

  • [ jacky]: Major Industries Code is emty (double entries) 2015-05-22 11:11 #

    after I posted from Inventory & Billing (v.9.9.2.1) to Accounting, the Major Industries Code in Double Entry is emty. I can understand this issue become in Inventory & Billing Im using SERVICE MAINTENANCE Item, and there can't setup for Industries Code.
    However, I can't edit the Industries Code in Accounting. After I selected code, exit and turn it back, is still same remain emty. Please email me the solution, Thank You :)

    ****Currently using v.9.9.2.1 version

  • [Li Zhen Yap]: Re: Major Industries Code is emty (double entries) 2015-05-22 17:14#

    Dear Jacky,

    Thank you for your enquiry.

    We have the solution for you at

    http://knowledge.sage.my/index.php?/article/AA-06602

  • [bjlee]: Editable for mistake Major Industry Code in the GST-03 2015-05-21 16:34 #

    I just upgraded to the latest version 9.9.2.1 but still can't edit the mistake Major industry code at GST-03> part C:additional information .

  • [Li Zhen Yap]: Re: Editable for mistake Major Industry Code in the GST-03 2015-05-21 16:51#

    Dear Karen,

    Thank you for your enquiry.

    Could you provide us the info that which version are you using currently and the print screen on the GST-03 > Part C: Additional Information for us?

    We have sent you an email and you may reply and attach the print screen in the email.

  • [Li Zhen Yap]: Re: Editable for mistake Major Industry Code in the GST-03 2015-05-21 17:58#

    Thank you Karen for the information provided.

    Kindly be informed the session will be at 1830hours and you may prepare yourself for it.

  • [ amber]: amend major industries code 2015-05-21 16:11 #

    I also fact the same problem, transaction have been post from inventory & billing, but some of the transaction without major industries code, therefore in GST-03, Part C exist symbol " how can I amend it? the version I use was v.9.9.2.0

  • [Li Zhen Yap]: Re: amend major industries code 2015-05-21 18:15#

    Dear Amber,

    Thank you for your enquiry.

    Kindly do update to the latest version 9.9.2.1 and your matter will be resolved.

  • [ ANDY]: key in wrong major industry codes 2015-05-18 16:43 #

    after generated GST03 draft, noticed that major industry code was wrongly keyed in ..
    how to change it ????

  • [Li Zhen Yap]: Re: key in wrong major industry codes 2015-05-28 16:17#

    Dear Andy,

    Thank you for your enquiry.

    Kindly do follow this link to do the changes:

    http://knowledge.sage.my/index.php?/article/AA-06602/12/Sage-UBS/Enter-Major-Industry-Code-for-transaction-posted-from-Billing-to-Accounting-Sage-UBS-2015-V-9.9.2.1-or-above.html

  • [ ahboon]: major industry codes miss insert in one transaction. 2015-05-14 16:34 #

    after posting my sales from billing to accounting, i found one of the transaction miss key in the major industry codes. therefore my gst-03, output tax percentage cant get 100%. do u have any simple way can reinsert the major industry codes (for one transaction only) instead of restore the whole system. as afraid involve my others entry.

  • [Li Zhen Yap]: Re: major industry codes miss insert in one transaction. 2015-05-20 01:26#

    Dear Boon,

    Thank you for your enquiry.

    Could you provide us the info that which version are you using currently and the print screen on the GST-03 > Part C: Additional Information for us?

    We have sent you an email and you may reply and attach the print screen in the email.

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