GST tax compliance updates in MYOB/ABSS

GST compliance features introduced in Premier v21 and Accounting v26

4 Compliance Updates:

1. GST Tax Code Changes
2. GST 3 Return Reports
3. GST 3 TAP
4. GST Audit File (GAF)

New tax code ICG is available in ABSS tax code list.

Existing tax codes EP, GP, NP and RP will be removed from ABSS internal tax code list for newly created data file.

Notes:

The usage of these tax codes has been reclassified into ZP tax code.
For businesses that report quarterly, if you have recorded EP, GP, NP and RP tax code in your January and February transactions, as advised by Customs, you can still submit your first quarter report with these tax codes, but it is recommended to use ZP for future transactions.

GST 3 Return Reports

• IM-CG tax code has been added into the fields below:
  • Field 6a – Total Value of Standard Rated Acquisition (Excluding GST
  • Field 6b – Total Input Tax (Inclusive of Bad Debt Relief & other Adjustments)
  • Field 16 – Total Value of Capital Goods Acquired
• Previously Field 15 referred to “Total value of GST suspended under field 14”.
  Now it has been renamed to “Total Value of Other Supplies”, and the formula has been updated for total of taxable amount (excluding GST ) for the following tax codes:
  • OS – Out of scope supplies
  • GS – Disregarded supplies
  • OS-TXM – Out of scope supplies made outside Malaysia
  • NTX – Supplies with no tax chargeable
  • SR-JWS – Supplies under Approved Jeweller Scheme

Notes:

Due to the above changes, the tax codes below which were previously mapped to other fields will be changed:

• tax amount of IS (0%) has been removed from Field 15
• taxable amount of NTX (0%) has been removed from Field 10
• taxable amount and tax amount of SR-JWS (0%) has been removed from Field 5a, 5b respectively

GST 3 Taxpayer Access Point (TAP)

GST3 Bar delimited text output file has been updated to included the taxable amount excluded GST “Total of Other Supplies” located at column eleven of the text file.

GST Audit File (GAF)

GAF text output file has been updated with “IM-CG” tax code info in the Purchases Listing

GST compliance features introduced in Premier v19 and Accounting v24

11 new tax codes and 3 updated codes

GST Code	Description
TX-FRS	Purchase – Flat rate scheme
IES	Incidental exempt supply
NTX	Supplies no tax chargeable
NP	Non goods or services purchases
NS	Non goods or services purchases
OS-TXM	Out of scope supplies in Malaysia
RP	Relief Purchases (GST legislation)
SR-JWS	Supplies under AJS
SR-MS	Margin Scheme standard rated supplies
TX-ES	Partial exempt supply
TX-IES	Incidental exempt supply
TX-NC	Not claiming input tax
ZDA	Zero rated supplies to designated areas
TX-CG	Capital Goods Acquisition

Updated GST Reports

GST 03 Summary and Detail reports have been updated to meet requirements from Customs Malaysia.

Updated Bad debt relief and claim details

Sales or purchases that involves bad debts will reflect the new tax codes changes.

Enter GST Posting Date in Purchases Module

Customs Malaysia requires to report GST posting date for purchases made. Users can now easily record and track the GST posting date in the Purchases Module in MYOB software.

Updated GST Audit File v2.0

The recent GST Audit file v2.0 is updated in compliance with the recent Customs requirements. GAF file now captures:

• Header record,
• Supplier GST number,
• Customer GST number,
• Posting Date,
• Export Declaration number,
• Account type fields in Ledger.

Newly added GST Purchases Report

GST Purchases List report shows the purchases transactions and GST posting date for customers to easily reconcile their purchases with GST posting.

GST compliance features introduced in Premier v18 and Accounting v23

Lampiran 2

This report is required by Jabatan Kastam for audit purposes. It’s usually requested during the Refund Process of Input Tax

Bad Debt Relief Claim

Item 3 of Director General Decision 1/2014 states that Bad Debt Relief can only be claimed if the supply is made by a GST registered person to another GST registered person

With this update, only transactions relating to a GST registered customer will appear in the Bad Debts Relief Claim screen.

Reporting Exchange Gain/Loss in GST 03

Jabatan Kastam requires that Exchange Losses are shown as zero value on GST 03.

This update is applicable to MYOB Premier.