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41 How does the Inventory & Billing system affect the Accounting system and GAF?

Sales and Purchases transactions are advised to be entered in Billing system if inventory management is not required; or in Inventory & Billing system if inventory management is required. GST-03 Return and GAF report are both generated from Accounting…

42 How is GST amount being calculated when GST inclusive is applied ?

How is GST amount being calculated when GST inclusive is applied ? Answer : The GST amount is calculated using the below formula Total after discount x (6/106) Example (a) in Sage 50 7680.00 x (6/106) = 434.72 Example (b) in Sage UBS 250.00 x (6/106) = 14.15…

43 How to enter transaction for invoices that have 6% gst and 0% GST in one time? Featured

1 sales invoice with 6% and 0% Tax code: Goods and Service Tax Report Result: GST Return Report Wizard:

44 How to read the GAF file?

The GAF file has 5 sections as tabled below for your reference and better understanding: Section Prefix Contents 1 C The first section contains the following company information: · Company Name · Business Registration Number · GST Registration Number ·…

45 How to record the sales and purchase transactions in order to get correct GAF?

If you do not manage inventory, Billing system would be sufficient to address GST requirements and reporting. Via the Billing system, you will enter sales transactions where you will need to specify customer name, item being sold, value of item, tax code…

46 Important notice - Manual submission of GST-03

This is an official email from GST unit of Jabatan Kastam Diraja Malaysia to all software vendors. We have contacted the GST unit of Jabatan Kastam Diraja Malaysia, and got the confirmation that a guideline for GST-03 form format will be released in near…