AutoCount Accounting Version 1.9 Release Note for GST 0%

Eng YauAutoCount, Release Notes

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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