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Bank Charges EmptyFri Jul 03, 2015 9:34 am by joseph

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» Input Tax (Passenger Car for business purpose)
Bank Charges EmptyMon Jun 29, 2015 5:25 pm by joseph

» Conditions to Claim Input Tax
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Bank Charges EmptyThu Jun 25, 2015 4:13 pm by joseph

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Bank Charges

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Bank Charges Empty Bank Charges

Post by Chris Lim Thu Apr 02, 2015 11:24 am

Would like to know about the bank charges gst shall claims as input tax, eg: Giro, Chq book and any clearance chq charges is subject to gst. shall we claims as input. would this request bank to issued tax invoice?

Chris Lim

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Join date : 2015-04-02

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Bank Charges Empty Re: Bank Charges

Post by joseph Thu Apr 02, 2015 11:31 am

Bank should issue you a Tax Invoice/Statement. Claim the GST as your Input Tax.

joseph

Posts : 277
Join date : 2014-09-25

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Post by Chris Lim Thu Apr 02, 2015 2:18 pm

Thank you joseph.
To clarified for more detail that we should account this charges by using TX code? this will mix with purchases input, if we use of "total purchase value x GST rate" this amount will lower then input claim (TX code mix with other expenses subject to GST). shall we create another code (TX1) to segregate it?

Chris Lim

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Join date : 2015-04-02

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Bank Charges Empty Re: Bank Charges

Post by joseph Thu Apr 02, 2015 2:39 pm

It does not matter if same tax code as for your stock purchases. After all, they are for GST purpose only.

joseph

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