GST-03 Return & Tax Codes

Hi,

Hi, What is tax code to be used for the following.

1. Tax invoice issued to Designated Area? e.g Labuan
2. Tax invoice issued to Government Body?
3. Credit Note (Goods Returned) for invoice dated before 01/04/2015?

Many Thanks

1. Tax invoice issued to Designated Area? e.g Labuan
Per Customs' Guide on Designated Area, sale of goods from PCA to DA is zero-rated -> Tax code: ZRL.
Supply of services is a local supply and is subject to GST. Tax code: SR or ES (for exempt supply).

2. Tax invoice issued to Government Body?
Per Customs' Guide on Government, Local Authority & Statutory Body all acquisitions or purchases made by the government will be given relief from the payment of GST -> Tax code: RS.
However, no relief from the payment of GST is given for the acquisition of services by the government -> Tax code: SR or ES (for exempt supply).

3. Credit Note (Goods Returned) for invoice dated before 01/04/2015?
Goods returned after 01/04/15 which were sold/purchased before 01/04/15 should not be subject to GST. Use OS for returns received from your customers and OP for returns made to your suppliers.

Hi Joseph,

Thank you very much for the reply.

According to Relief order act 2014 on government supply, a certificate need to be issued and signed by HOD of government department or senior customs officer to indicate government purchased.

Is that means for every government purchased, a certificate will be given to supplier together with their orders so that the supplier can issued tax invoice for goods with tax code "RS" which is zero rated.

Thank you.



As a supplier, how do we

Not sure, but I believe you only need to obtain the certificate once.

It's seem until now, no body knows clearly on government supply procedure inclusive of government themselves... and now only 24 days to go!

Hi

Just wish to check for Credit Note on sales (discount), tax code is AJS or SR?

Same goes to CN on purchases.

Thank you.

For DN/CN, use the original tax codes, not AJS/AJP.

E.g. if your sales tax code is SR use back SR for DN/CN and if your purchases tax code is TX use back TX.

Hi Joseph,

Kindly advice what is the tax code and accounting treatment for imported good under warehousing scheme which advance payment has been made to oversea supplier and subsequently partially declare for sales to a local customer

Thank you

If you want to know about how to record GST transactions and/or what tax codes to use, please sign up for the RM300 package: https://malaysiagst.forumms.net/t107-discontinuing-my-support