gst for retail & trading: what you need to know and prepare from software point of view
DESCRIPTION
Malaysia will be implementing GST at the rate of 6% in April 2015. Here we share what are the things you need to know and prepare from software point of view especially for retail and trading sector.TRANSCRIPT
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GST Registration Number
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Method
1
Method
2
Method
3
Method
1
Method
3
Method
2
OR
OR
?
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Motor Vehicles Family Benefits
Club Subscription Fees
Medical & Personal Accident Insurance
Entertainment Medical
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√
√
? ?
? ? ?
? ?
?
?
? ?
Issue Purchase Order
Receive Stock
Issue Supplier Invoice
Integration to Finance
Input Tax +
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+
? ?
? ? ?
? ?
? ?
? ?
Send Quotation
Issue Sales Order
Issue Invoice
Integration to Finance
+ Issue Delivery Order
Output Tax
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√
√
? ?
? ? ?
? ?
?
?
? ?
Credit Note
Debit Note
Integration to Finance
Input Tax
Tax Output
GST-03
GST Audit File
Debit Note
Credit Note
Within 21 days
Issue Delivery Order
Issue Invoice
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6 months to 2 years
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6 months
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? ? ?
CLAIM FULL √
CLAIM MAX.RM30
IF WITHOUT Company
Name
500 Brands in Different Retail Sub-Sector
Visit our Booth # S25
on purchase of Goldsoft Software before 30 November 2014
Q & A
