accounting malaysia gst training -...

AutoCount Accounting (GST) Training

Auto Count Sdn Bhd (751600-A) www.autocountsoft.com Sales 03-33234555 Support 03-33242148 Fax 03-33243721

Toll free: 1800 887766

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Accounting

Malaysia GST

Training

9. GST Processor

Peter Tan



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9. GST Processor GST Processor is used to gather all info related to GST and produce reports such as GST-03, GST Return File, GAF and other summary reports.

9.1 Run GST Processor using wizard Go to GST > GST Processor

1. Click New

2. Click Next



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3. Click Next

4. Click Next

5. Click Next



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6. Click Next

7. Click Next

8. Click Next



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This is tax

summary



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9.2 GST-03 You may view the GST-03 (GST Return Form), save a softcopy as a record.

GST-03

Click on this button to export to other format such as

PDF, XLS, XLSX…



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9.3 Generate GST Return File After the content of the taxable period is finalized, for online submission of GST return, you need to generate GST Return File and save a copy which will be attached during online submission at Taxpayer

Access Point (TAP).

1. Click on Generate GST

Return File

2. Define a destination to save the file to be generated…

then Save.

3. Click on Yes if you want to view the file

4. This is the content and

format of GST Return File



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9.4 Generate GAF GST Audit File (GAF) must be made available upon request from RMCD. You may generate GAF and keep a softcopy file after you have finalized the content of the taxable period.

1. Click on Generate GAF

2. Define a destination to save the file to be generated…

then Save.

4. This is the content and format of GAF

3. Click on Yes if you want to view the file



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9.5 Other Reports Other tax summary reports provide additional information of related transactions.

1. Preview

2. Tax Summary

All in one



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9.6 Saving GST Processor Usually the processor of a particular taxable period will be saved before finalization. A saved processor can be deleted if there were errors or omissions in its content. After the corrections the processor can

be generated again. When the contents are checked and finalized by the user, GST Return file will be generated and submitted online thru TAP site. GAF file will be generated as well for filing purpose.

Click on Save to save the processor without

submitting.

You may View the processor again, Submit the

processor, or Delete the processor.

The status of the processor is ‘Not Submitted’



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9.7 Submit GST Processor After submitted GST Return (wither using GST-03 or GST Return File), you have to ‘Submit’ the processor.

Upon submitting the processor, a journal entry will be generated to reconcile the balances of input tax account and output tax account, and transfer the difference to GST Control Account.

Once the status of processor for a particular taxable period is ‘Submitted’, the said period will be locked

for unauthorized modification. And you may proceed to run processor for the subsequent taxable period.

1. Click Submit

2. Click Yes

3. Click OK

4. The status changed to

‘Submitted’



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9.8 Payment of GST due / Refund of Input Tax Credit The following journal entry was generated from the submission of processor in 9.7.

The journal entry has credited the tax amount payable (RM211.73) to GST Control Account.

Create a Cash Payment to record the payment of tax to RMCD.

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