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GST input tax calculation in Simplified Invoice [tax code:STI] in GST-03

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Question
Creditor --> Bill Entries --> key in supplier invoice and select more that 2 GL accounts with tax code [STI]

Answer

Question :

a) Creditor  Bill Entries
The simplified invoice total amount is RM900 including GST. The GST input tax should restrict to RM30. However if two difference GL accounts is selected, the input tax still allowed to claim [RM30 +6]. It calculated by per item detail selected not by total per bill for each STI selected 


i. TAXABLE AMOUNT SHOULD BE RM600 

Amount at GST Return Form
i. amount to show in GST-03[6a] should be RM600
ii. amount to show in GST-03[6b] should be RM30

#The taxable amount in 6a should be RM600 instead of RM500. the limitation is only the input tax RM30 not the taxable amount. Also clarified with customs, 6a x 6% not neccessary require equal to 6b.


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Article Details
Views: 3738 Created on: Apr 17, 2015
Date updated: Apr 17, 2015
Posted in: GST related

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