| # GST Parameters (tfgld9120m00c) Use this session to define the parameters that control the data corresponding to the GST functionality. The parameters include data applicable to all basic requirements, input tax, output tax, GST adjustments, filing, and so on. Effective Date The effective date/time for which you want to view or maintain the GST parameters. Description The description or name of the code. ERP Name and Vesrion The name and the version of the application. GST Implemented If this check box is selected, GST functionality is implemented. Separate Exchange rate type for imports required The exchange-rate type for the required imports. Exchange rate type for Imports The exchange-rate type. Description The description or name of the code. Rebate Applicable If this check box is selected, rebate is applicable for bad debts. Bad debts posting Transaction type The transaction type linked to the customer to which the bad debts are posted. Note This field is enabled only if the Rebate Applicable check box is selected. Description The description or name of the code. Percentage of Tax for Suspended GST The percentage of tax for which GST is applicable. Tax Code for Imports The tax code for imports. Freight Percentage The freight percentage applicable for imports. Insurance Amount Percentage The insurance amount percentage applicable for imports. Import Duty/ Custom Duty Percentage The import /custom duty percentage applicable for imports. Excise Duty Percentage The excise duty percentage applicable for imports. Bad debts Posting account The ledger account linked to the supplier to which the bad debts are posted. Note This field is enabled only if the Rebate Applicable check box is selected. Description The description or name of the code. Tax adjustments account The ledger account linked to the supplier to which the tax adjustments are posted. Note This field is enabled only if the Rebate Applicable check box is selected. Tax Code for Bad Debt Relief The tax code for bad debt relief. Description The description or name of the code. Tax Code for Bad Debt Recovery The tax code for bad debt recovery. Bad debits posting Transaction type The code of the transaction type. Bad debts Posting account The ledger account to which the bad debts are posted. Tax adjustments account The ledger account to which the tax adjustments are posted. Tax Code for Bad Debt Relief The tax code for bad debt relief. Tax Code for Bad Debt Recovery The tax code for bad debt recovery. File Last Generation Date The date on which the XML file is created. XML Updated Period The period for which the XML file is updated. XML Updated Year The financial year for which the XML file is updated. File Path The path where the output file is saved. Reverse Charge Output Tax The ledger account to which the reverse charge output tax is posted. Note This field is displayed only if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. This field is mandatory if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. Related topics Reverse Charge Mechanism Reverse Charge Input Tax Claim The ledger account to which the reverse charge input tax (claim) is posted. Note This field is displayed only if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. This field is mandatory if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. Related topics Reverse Charge Mechanism Tax Code for Reverse Charge Posting - In The tax code used to used to post the general ledger (GLD) entries related to reverse charge input tax. Note This field is displayed only if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. This field is mandatory if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. Related topics Reverse Charge Mechanism Tax Code for Reverse Charge Posting - Out The tax code used to post the general ledger (GLD) entries related to reverse charge output tax. Note This field is displayed only if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. This field is mandatory if the GST Implemented check box is selected in the GST Parameters (tfgld9120m00c) session. Related topics Reverse Charge Mechanism Name of Authorized Person The name of the authorized user. Identity Card Number The identity card number of the user. Passport Number The passport number of the user. Nationality The nationality of the user. Transaction Type for Partial Exemption The code of the transaction type. Note You can only specify transaction of type Journal. Transaction Series The transaction series. Tax Receivable for Partial Exemption The ledger account used to post the input tax receivable for partial exemption. Disallowed Input Tax The code of the ledger account. Tax Code for Partial Exemption The code of the tax country used for partial exemption. Capital Goods Adjustment Transaction Type The code of the transaction type. Note You can only specify Purchase Correction Transaction types. Transaction Series The series used to generate a range of document numbers for specific transaction types. Capital Goods Adjustment Account The ledger account to which the capital goods adjustment amounts are posted. Capital Goods Expense Account The ledger account to which the capital goods expense amounts are posted. Capital Goods Tax Code The default tax code used for the capital goods adjustment. Tax Code for Input Tax Reversal The default tax code used for the tax reversal transaction. Input Tax Credit on Capital Goods Account The ledger account to which the reversed input tax credit is posted, before the capital goods adjustment is calculated. Account for Disallowed Input Tax Credit on Capital The ledger account to which the disallowed input tax credit is posted, before the capital goods adjustment is calculated. Input Tax Adjustment Transaction Type The transaction type to which the input tax adjustment amount is posted. Transaction Series The transaction series. Transaction Type The code of the transaction type. Note The Transaction Category of the Transaction Types (tfgld0511m000) session must be set to Journal Vouchers. Interim Account The ledger account specified as the interim account. Note The Account Type of the Chart of Accounts (tfgld0508m000) session must be set to Balance Sheet. Goods Account The ledger account specified as the goods account. Note The Account Type of the Chart of Accounts (tfgld0508m000) session must be set to Balance Sheet. Goods Transaction Type The code of the transaction type. Note The Transaction Category of the Transaction Types (tfgld0511m000) session must be set to Sales Corrections. Transaction Series The transaction series. Transaction Type The code of the transaction type. Dimension for Employee The dimension type for employee benefits. The dimension type includes the linked objects. Description The description or name of the code. Max Amount per Employee with no Output GST The maximum amount availed by the donor. This amount must not account for output tax. Note You must account for output tax, if the cost of an item is more than RM500.00. You are exempt from the output tax only for Blocked Input Tax Recovery goods or items given to employees for free as stated in your contract or policy. Debit Ledger Account The ledger account that is debited for the output tax. Note The output tax processing is necessary to execute the employee benefits at the end of the year. Tax Code The code that determines the calculation for output GST of employees. Order Type for Employee benefits consumption The order type for employee benefits consumption. Default value SFC Production (Manual) Allowed values Order Origin Allowed values Service (Manual) Customer Claim Supplier Claim SFC Production (Manual) Project Contract Debit Ledger Account The debit ledger account for the input GST reversal. Note The input tax processing is actualized before processing tax declarations for the month. Level of MSIC Code The level of the industry code. Allowed values Level of MSIC Code MSIC Code The industry code. Note This field is available only if the Level of MSIC Code is Company Level. Description The description or name of the code. Default MSIC Code ATS Applicable If this check box is selected, ATS is applicable. |