QUICK START : GST Processor & GST Return
QUICK START : GST PROCESSOR & GST RETURN 1.8.9
1 GST Processor
AutoCount Accounting contains a feature in it GST function that will help to gather all information related to the GST entries and provide the summary reports that can be use for submission. This feature is called the GST Processor.
GST > GST Processor
Click on New
Click on Next
Any unapplied amount in the A/R and A/P Credit Note as well as allowing for drill down to document level to knock off the document accordingly.
Click on Next
Manage A/R Bad Debt and Manage A/P Bad Debt which will allow you to add the entries needed before processing the GST information of the active tax period.
Click on Next
Click on Next
When using the GST Processor, the system will now detect all Delivery Orders that are still outstanding at the end of the taxable period and either have not been transferred to Invoice or have been transferred to Invoice but not within 21 days. If any of the D/O falls on these 2 conditions, the system will ensure that the user generate a journal entry document before allowing the user to continue using the GST Processor.
Click on Next
When using GST Processor, the system will also detect any unapplied A/R Payment, A/R Deposit and A/R Credit Note at the end of the taxable period, and allows you to generate a journal entry on the date of A/R Payment, A/R Deposit and A/R Credit Note to account for output tax of such payment in advance.
Click on Next
Click on Finish
Preview & Print : to view, export and print GST related reports.
Generate GST Return File : to generate GST Return File in XML or Text format or both.
Generate GAF: to generate GST Audit File in XML or Text format or both.
GST-03: to view, export and print auto-filled GST-03 Form.
Save: means temporarily save the processed result. After that should there are some entries being edited/modified it means the earlier processed results need to be refreshed. Just delete the processed record, and click on New to process again to gain the updated reports.
Save & Submit (or Submit if already saved earlier): do this if you have submitted GST return (GST-03). The related periods will be locked (Tools > Manage Fiscal Year > Manage Period Lock). You are not supposed to delete/modify the processed entries (on the affected tax period) that were submitted. Any adjustment will need to be done in the following tax period which has not been submitted.
Click on Save
Select Record 01/04/2015
Click on Submit
Click on Yes
When a user does a GST submission via the GST processor, the system will now automatically create a journal entry that will combine together the output tax and input tax into a single account which is called the GST Control Account.
Click on OK
After GST is submitted, You are not supposed to delete/modify the processed entries onthe affected tax period that were submitted.
You are only allowed to view and print the reports.
Tips :
You are only allow to process next month GST processor when the latest month GST processor is submitted.
3 GST-03
Every taxable person is required to account for tax in a GST return by using the GST-03 form.
GST > GST Processor
Click on 01/04/2015
Click on View
Click on GST-03
Tips :
You can drill down the details listing by clicking the figure in the reports .
4 GST Return File
a) GST Return File – The file is generated by system and submitted electronic filling.
GST > Processor
Select Date 01/04/2015
Click on View Click on Generate GST Return File
Select the destination
Click on Save
5 GST Payment
The following journal entry was generated from the submission of GST processor
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.
Reminder : Make the payment to RMCD before due date (Last Day of the following month)
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