AutoCount Accounting Version 1.8.30 Release Note (GST New Tax Code)

Eng YauAutoCount, Release Notes

Introduction

This version of AutoCount Accounting is a maintenance release for version 1.8. Some of the improvements implemented in this version are:

  • GST Enhancement

Improvements Introduced

GST Enhancement

With the release of the revised version of the Guide on Accounting Software Enhancement towards GST Compliance (Revised as of 05 February 2018), several changes has been made to the AutoCount Accounting software with regards to the GST functionality. Below are the changes implemented into the system.

Changes to the Tax Codes

Several changes has been implemented to the tax codes used in AutoCount Accounting. When updating to this version, the system will generate a file to show what changes has been done to which tax code. The user can then save and open the file to review the changes done to the tax codes in AutoCount Accounting.

The following shows the changes done to the Supply Tax Codes.

Tax CodeDescriptionRateGovernment Tax CodeSpecial Note
OS-TXMOutput Tax 0% – Out of Scope Supplies Of Oversea which are taxable in Malaysia0%OS-TXMThe GST-03 Mapping is updated to Field 15.
OS-TXM-CGOutput Tax 0% – Out Of Scope Supplies Of Capital Goods0%OS-TXMThe GST-03 Mapping is updated to Field 15.
NTXOutput Tax 0% – Supplies with no tax chargeable0%NTXThe GST-03 Mapping is updated to Field 15.
NTX-CGOutput Tax 0% – Supplies with no tax chargeable Of Capital Goods0%NTXThe GST-03 Mapping is updated to Field 15.
OSOutput Tax 0% – Out Of Scope Supplies0%OSThe GST-03 Mapping is updated to Field 15.
GSOutput Tax 0% – Disregarded Supplies0%GSThe GST-03 Mapping is updated to Field 15.
GS-CGOutput Tax 0% – Disregarded Supplies Of Capital Goods0%GSThe GST-03 Mapping is updated to Field 15.

 

The following shows the changes done to the Purchase Tax Codes

Tax CodeDescriptionRateGovernment Tax CodeSpecial Note
IM-CGInput Tax 6% – Import of Capital Goods6%IM-CGReplace the old government tax code IM
NPInput Tax 0% – Purchase treated as Non-supply0%NPRemove the government tax code NP
ZPInput Tax 0% – Purchase subject to GST other than standard rate0%ZPMerge the old tax code RP, EP, GP into ZP
IS-ATSInput Tax 0% – Imports Under Special Scheme (ATS)0%ISThe GST-03 Mapping is removed from Field 15.

New GST-03 Mapping

With the addition and changes done to the tax code line up, the GST-03 mapping is also updated to reflect the changes. The following table illustrates the changes:

FieldDescriptionTax Code
5aTotal Value of standard rate supplySR, SR-MS, DS
5bTotal Output tax (inclusive of tax value on bad debt recovered & other adjustments)SR, SR-MS, DS, AJS
6aTotal value of standard-rate and flat rate acquisitionTX, TX-IES, TX-RE, IM, IM-CG, TX-CG, TX-FRS, TX-ES(if pass de minimis rule)
6bTotal input tax (inclusive of tax value on bad debt relief & other adjustments)TX, TX-IES, IM, IM-CG, TX-CG, TX-FRS, AJP, TX-ES(if pass de minimis rule)
10Total value of local zero-rated suppliesZRL
11Total value of export suppliesZRE, ZDA
12Total value of exempt suppliesES, IES
13Total value of supplies granted GST reliefRS
14Total value of goods imported under approved trade schemeIS
15Total value of GST suspended under item 14OS, OS-TXM, GS, NTX
16Total value of capital goods acquiredTX-CG, IM-CG, TX-RE-CG, TX-IES-CG, TX-ES-CG(if pass de minimis rule)
17Total value of bad debt relief inclusive taxAJP-ARBD
18Total value of bad debt recovered inclusive taxAJS-ARBD