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Sage UBS - Changing of taxable period from 3 months to 1 month due to total annual sales increased to more than RM 5 Million
Author: Wan Hua Ng Reference Number: AA-08039 Views: 2951 Created: 2016-03-24 17:09 Last Updated: 2016-04-05 09:28 0 Rating/ Voters

Scenario:

Taxable period for your company is 3 months initially. After completed 1 GST submission, the taxable period needs to be changed from 3 months to 1 month due to total annual sales increased to more than RM 5 Million.


Initial setup



Steps:

1. At the Taxable period screen, lock the taxable period which you have already successfully submitted the GST Return. Select the taxable period, and click on the [Lock] button.


2. Change the taxable period, GST effective date and GST Next Filing Date, then click [OK]. 

In this example, the first taxable period was 01/04/2015 to 30/06/2015. From second taxable period onward (starting 01/07/2015), the taxable period is changed to 1 month.

Thus, you need to set the new GST effective date as 01/07/2015, GST Next Filing date as 01/08/2015.



3. When the confirmation message is shown, click on [Yes]. System to regenerate the taxable period accordingly.



4. Check the new taxable period generated.



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