GST Transactions
Scenario:
We started to use Sage 50 for accounting purposes effective 1 May
2015. Our company financial year end is 30 April 2015. For the month of ...
Thu, 30 Jul, 2015 at 9:36 AM
Scenario:
Your company has paid in advance to Supplier for Imported Service.
Our Suggestion:
1. Record the advance payment to Supplier. ...
Tue, 4 Aug, 2015 at 12:50 PM
Scenario:
Client acquired consultancy service from a Singapore company amounting SGD3,000. 10% of the amount, SGD300 is paid to LHDN under W...
Thu, 13 Oct, 2016 at 8:51 AM
In summary, there are two steps required to do this setting (a) Create new tax code e.g. SR-0 and ZP (b) Do the mapping of SR-0 to GST Column 5A (c) Set...
Tue, 5 Jun, 2018 at 3:46 PM
Scenario : During the 3 months 0% , GST output tax will have negative value (due to Credit note for the sales tax invoice with 6%) . How do we have w...
Sat, 1 Sep, 2018 at 6:21 PM
As preparing final GST-03 return, there is a need to declare the final stock and fixed asset amount (Stock in Hand that was purchased as part of Claim...
Thu, 27 Dec, 2018 at 3:09 AM