Accounting v27 and Premier v22

“Sales & Service Tax” replaces the existing “Sales Tax” tax type.

SST Code “Select from List” is a recommended list of localized SST codes that enable linking to SST-02 for reporting.

ABSS Accounting and Premier provide a default set of tax codes list that are mapped to related SST code.

You can create tariff codes as needed by clicking on the New button

New form fields have been added and made available in all standard and customized Invoice and PO templates as follows:

• Sales Tax Number – shows company registered sales tax number
• Service Tax Number – shows company registered service tax number [existing field but user may now want to make use of it]
• Invoice Type – Non Tax – shows ‘Invoice’ label instead of ‘Tax Invoice’ label [existing field but user ma y now want to make use of it]
• Line Tax Rate – shows transaction detail line tax rate
• Tariff Code – shows tariff code that set to each item

Click on individual images to enlarge

SST-02 Detail Return Report

SST-02 Detail Return report generated in ABSS closely follows the SST-02 form of custom department.

Some sections such as Penalty amount is left out in this report as it is auto calculated on custom's portal at the time of submission.

Section C for reporting goods under schedule 2 is also not included as it is specific to oil and gas industries.

To print this report, go to Reports, GST/Sales Tax tab

Select the Tax Year

Select the reporting period

Select whether reporting for Sales Tax or Service Tax

Print Receipt advanced filters 

“Do Not Re-Number Receipts” is automatically selected  when user logs in to the system.

Export to Excel

• Total field formula will now include the first row data.
• Number of maximum lines exported to Excel has been increased from 16,000 to 65000, which is near to MS Excel limitation.

Transaction Limit

All non-activated trial data and sample data files (Clearwtr.myo) now carries a limit of maximum 800 transaction lines for trial purposes.

Once the limit has been reached, the trial data file will automatically become READ ONLY.

To continue using that file, user will need to activate it.