Introduction
This is a new release of AutoCount Accounting on GST updates.
GST updates are based on FAQ Transitional GST document found in custom website. You can refer to the document as: http://www.customs.gov.my/ms/Documents/FAQ%20(BM)%20-%20UPDATED%2022.5.18%20-%205 PM.pdf
There will be database upgrade when user upgrade into this version.
GST Compliance Changes
1. Implementation of SR-0 Tax Code
Changes on capturing tax code has been introduced to entries on or after 01/06/2018. For document on or after 01/06/2018, if system detects the final tax code falls under the following Government Tax Code (Refer Table 1), it will be overwritten with SR-0 or ZP tax code automatically so changes of default setting is not needed. Document date will be the triggering date for this implementation.
*Upon this upgrade, system will auto create a 0% tax code SR-0 and map to Government Tax Code SR.
Table 1 is a list of tax code results in transactions for this version onwards:
DEFAULT SETTING | BEFORE 1 JUNE 2018 | ON/AFTER 1 JUNE 2018 |
SR-S | SR-S | SR-0 |
SR-CG | SR-CG | SR-0 |
SR-MS | SR-MS | SR-0 |
DS | DS | SR-0 |
DS-I | DS-I | SR-0 |
DS-ATMS | DS-ATMS | SR-0 |
ZRL | ZRL | ZRL |
ZDA | ZDA | ZDA |
ZRE | ZRE | ZRE |
OS | OS | OS |
OS-TXM | OS-TXM | OS-TXM |
ES | ES | ES |
IES | IES | IES |
RS | RS | RS |
GS | GS | GS |
NTX | NTX | NTX |
NS | NS | NS |
AJS | AJS | AJS |
TX-S | TX-S | ZP |
TX-Z | TX-Z | ZP |
TX-I | TX-I | ZP |
TX-CG | TX-CG | ZP |
TX-ES | TX-ES | ZP |
TX-ES-CG | TX-ES-CG | ZP |
TX-IES | TX-IES | ZP |
TX-IES-CG | TX-IES-CG | ZP |
TX-RE | TX-RE | ZP |
TX-RE-CG | TX-RE-CG | ZP |
IM | IM | ZP |
IM-CG | IM-CG | ZP |
BL | BL | ZP |
TX-NC | TX-NC | ZP |
TX-FRS | TX-FRS | TX-FRS |
IS | IS | IS |
NR | NR | NR |
ZP | ZP | ZP |
OP | OP | OP |
AJP | AJP | AJP |
Table 1
Table 2 is a list of affected document / entries:
A/R ENTRY | A/P ENTRY |
CASH BOOK OR | CASH BOOK PV |
JOURNAL | JOURNAL |
A/R INVOICE | A/P INVOICE |
A/R PAYMENT | A/P PAYMENT |
A/R DEBIT NOTE | A/P DN |
A/R CN | A/P CN |
A/R REFUND | A/R REFUND |
A/R DEPOSIT | A/R DEPOSIT |
QUOTATION | REQUEST QUOTATION |
SO | PO |
DO | GRN |
INV | PI |
CASH SALES | CP |
CN | PURCHASE RETURN |
DN |
Table 2
2. Tax Code Changes on Document Transfers
In conjunction to the transitional period, certain document transfer will be affected where by the tax code will be recaptured accordingly when needed. For example, an SR item in May’s Quotation, after transfer to June, it will be recaptured to SR-0. For tax code capturing changes refer to Table 1.
Table 3 list out if there are any tax code changes during document transfer:
TRANSFER TYPE | MAY TO MAY | MAY TO JUNE | JUNE TO JUNE |
QT to SO | No Changes | Change as Table 1 | No Changes |
QT to DO | No Changes | Change as Table 1 | No Changes |
QT to IV | No Changes | Change as Table 1 | No Changes |
QT to CS | No Changes | Change as Table 1 | No Changes |
SO to DO | No Changes | Change as Table 1 | No Changes |
SO to IV | No Changes | Change as Table 1 | No Changes |
SO to CS | No Changes | Change as Table 1 | No Changes |
DO to IV | No Changes | No Changes | No Changes |
DO to CS | No Changes | No Changes | No Changes |
IV to CN | No Changes | No Changes | No Changes |
SO to Cancel SO | No Changes | Change as Table 1 | No Changes |
DO to DR | No Changes | No Changes | No Changes |
RQ to PO | No Changes | Change as Table 1 | No Changes |
RQ to GRN | No Changes | Change as Table 1 | No Changes |
RQ to PI | No Changes | Change as Table 1 | No Changes |
RQ to CP | No Changes | Change as Table 1 | No Changes |
PO to GRN | No Changes | Change as Table 1 | No Changes |
PO to PI | No Changes | Change as Table 1 | No Changes |
PO to CP | No Changes | Change as Table 1 | No Changes |
GRN to PI | No Changes | Change as Table 1 | No Changes |
GRN to CP | No Changes | Change as Table 1 | No Changes |
PI to PR | No Changes | No Changes | No Changes |
PO to Cancel PO | No Changes | Change as Table 1 | No Changes |
GRN to GR | No Changes | Change as Table 1 | No Changes |
Table 3
3. Usage of SR-0 Tax Code in GST on Payment
For any transaction dated June 2018 onwards that undergo GST on Payment in GST Processor, the Journal generated will apply SR-0 tax code instead of the previous SR-S. While for Reversal GST on Payment, it will depend on the previous Journal generated from previous GST Processor.
GST on Payment Document
DOCUMENT TYPE | BEFORE JUNE 2018 | ON/AFTER JUNE 2018 |
AR Payment | SR-S | SR-0 |
AR CN | SR-S | SR-0 |
AR Deposit | SR-S | SR-0 |
Table 4
Reversed GST on Payment Document
DOCUMENT TYPE | BEFORE JUNE 2018 | ON/AFTER JUNE 2018 |
AR Payment | Refer GST on Payment | Refer GST on Payment |
AR CN | Refer GST on Payment | Refer GST on Payment |
AR Deposit | Refer GST on Payment | Refer GST on Payment |
Table 5
4. Usage of ZP and SR-0 Tax Code in GST on IM-SVC
For document dated June 2018 onwards, any usage of IM-SVC tax code will result in generating a Journal which applied ZP for input tax and SR-0 for output tax. Document date will be the triggering date for this implementation.
Affected documents include AP Invoice, Purchase Invoice and Cash Purchase only.
SUPPLY TYPE | BEFORE JUNE 2018 | ON/AFTER JUNE 2018 |
Taxable Supply | TX-S | ZP |
Non-Taxable Supply | TX-ES | ZP |
Mixed Supply | TX-RE | ZP |
Output Tax | DS-I | SR-0 |
Table 6
5. Usage of ZP and SR-0 Tax Code in GST on IS-ATMS
For document dated June 2018 onwards, any usage of IS-ATMS tax code will result in generating a Journal which applied ZP for input tax and SR-0 for output tax. Document date will be the triggering date for this implementation.
Affected documents include AP Invoice, Purchase Invoice and Cash Purchase only.
SUPPLY TYPE | BEFORE JUNE 2018 | ON/AFTER JUNE 2018 |
Taxable Supply | TX-S | ZP |
Non-Taxable Supply | TX-ES | ZP |
Mixed Supply | TX-RE | ZP |
Output Tax | DS-ATMS | SR-0 |
Table 7
6. Usage of SR-0 Tax Code in Gift Rule
For gift rule record dated June 2018 onwards, any Journal generated through Gift Rule will apply SR-0 as output tax.
SCENARIO |
BEFORE JUNE 2018 ON/AFTER JUNE 2018 |
|
Gift more than RM500 |
DS |
SR-0 |
Some gift before June some gift after June, exceed RM500 at June |
– |
SR-0 |
Some gift before June some gift after June, exceed RM500 at MAY |
DS |
SR-0 |
Table 8
7. Redesign of Malaysia GST Setting Interface with New Options
Minor redesigning of Malaysia GST Setting Interface under Tools → Options → Goods and Services Tax to include new options.
OPTIONS ADDED | PURPOSE |
Zero Rated Supply Tax Code,
Default SR-0 |
Assign tax code for entries on or after 01/06/2018. This assigned tax code is the tax code that overwrites the default tax code setting as at Table 1 (using SR-0 & ZP). This setting also affects system generated journals as highlighted in “AutoCount Accounting Version 1.9.0.1 Release Note”, Section 1, item 3 to 6. |
Zero Rated Purchase Tax Code,
Default ZP |
|
Convert ZRL to Zero Rated Tax Code | Option to overwrite the default tax code ZRL to assigned tax code at “Zero Rated Supply Tax Code” option. |
Table 9
Others
Global Price Change
Major improvement on Global Price Change has been introduced to allow user to pre-set price changes and apply on specific date. Reminder features had been added to prompt user on the selected date.
- Added new Global Price Change Maintenance
- Support Member Price in Global Price Change
- Support Change Date Time for Global Price Change
- Added new access right to prompt Global Price Change reminder
Print Bar Code
Print Bar Code able to support on Global Price Change’s scheduled pre-set price. User can now use this function to print their bar code on the scheduled price to prepare themselves earlier.
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