| # Calculating Output Tax Output tax can be calculated on a monthly or yearly basis. The data for Deemed Supplies- Gifts is derived from the GST parameters sessions. It is calculated separately for both types of GST (Output Tax and Input Tax). To calculate the Output GST for a specific year/period: Specify the maximum amount to be considered for GST calculation in the GST Parameters (tfgld9120m00c) session. If the supplies provided to the employee cross the margin of MYR 500, Output GST is considered on the same account. Note In the Post Deemed Supplies - Gifts output Tax (tfgld9230m000) session: Specify the year/period for which the GST must be calculated. If the period is specified, and the cumulative amount exceeds MYR 500 in a given month, charge for GST is made on the amount 500 or above it. Click Process to generate the list of employees on whom the GST is levied. If the total gift value is more than 500 or more or equal to the amount specified GST Parameters (tfgld9120m00c) session, the GST is calculated based on the % specified in the Tax Code field in the parameter session. |