[Updated 25/5/18: Amendment of FAQ about GST reduction 6% to 0%]
Following the Gazette Order issued by the government, GST will be reduced from 6% to 0% with effective from 1/6/18.
During this transition period, you might have many “How to Do” questions to ask.
The major changes (as compared with FAQ which published on 16/5/18) are as follow:
- Sales zero rated tax code is named SR- 0%
- Purchase/ expenses zero rated code is named ZP
- 0% sales is mapping to column 5a 5b instead of column 10 in GST 03 report
- It is compulsory to issue tax invoice (using existing format)
- Shall you accidentally added 6% in invoice after 601, you may issue CN for correction
- Invoice issued before 601, but delivery & payment after 601, it is subject to 0%
- Price tag must be changed to 0% before end of June
Please find below link to download the official Q&A prepared by Bahagian GST, Ibu Pejabat. Download the updated copy from here:
FAQ (BM) – UPDATED 22.5.18 – 5PM
FAQ (BI) – UPDATED 25.5.18 – 10.30AM
AutoCount has released software update that compliance with latest GST changes, minimum fees is chargeable for whoever purchase the software before 14/5/18 (it is FOC for software purchase after 14/5/18).