Who is online?
In total there are 4 users online :: 0 Registered, 0 Hidden and 4 Guests :: 1 Bot

None

[ View the whole list ]


Most users ever online was 25 on Thu Mar 12, 2015 5:00 pm
Latest topics
» This forum no longer accept new postings
Fri Jul 03, 2015 9:34 am by joseph

» Industrial Diesel
Fri Jul 03, 2015 9:11 am by joseph

» ICT industry
Fri Jul 03, 2015 9:10 am by joseph

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

» Conditions to Claim Input Tax
Mon Jun 29, 2015 3:12 pm by joseph

» Additional industry code
Sun Jun 28, 2015 5:53 pm by joseph

» Sales Commisions
Fri Jun 26, 2015 7:44 pm by Poon1

» Advance payment for services not rendered yet
Thu Jun 25, 2015 4:13 pm by joseph

» Turnover Below RM500,000 subequent to GST registration
Wed Jun 24, 2015 6:16 pm by joseph

» Consigment Sales
Wed Jun 24, 2015 6:00 pm by joseph

» GST Accounting Entries
Tue Jun 23, 2015 10:21 pm by joseph

» Advance payment received from Customer
Tue Jun 23, 2015 5:45 pm by joseph

Statistics
We have 351 registered users
The newest registered user is emtng

Our users have posted a total of 570 messages in 139 subjects
Search
 
 

Display results as :
 


Rechercher Advanced Search


Difference Between a Full Tax Invoice and a Simplified Tax Invoice

View previous topic View next topic Go down

Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by Admin on Sat Sep 27, 2014 9:56 pm

The difference between a full tax invoice and a simplified tax invoice:-
1) A simplified tax invoice does not include the name and address of the customer
2) A simplified tax invoice does not provide breakdown of the price of supplies and GST
3) A taxable person can only claim up to RM30 GST for purchases supported by a simplified tax invoice
A full tax invoice contains 1) and 2) above and there is no limit to the claim of GST on purchases provided that the purchases do not fall under the category of purchases where the the claim of input GST is disallowed or blocked.

Admin
Admin

Posts : 47
Join date : 2014-07-30

http://malaysiagst.forumms.net

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by swong2046 on Mon Mar 16, 2015 10:43 am

heard somewhere simplified tax invoice no need to apply from KASTAM.
Is it true?

swong2046

Posts : 2
Join date : 2015-03-16

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by joseph on Mon Mar 16, 2015 11:38 am

DG's Panel Decision 1/2015
http://gst.customs.gov.my/en/rg/Pages/rg_fai.aspx

DG pursuant to section 33(3)(a) of GSTA gives his approval (blanket) to any registered person who makes a supply to end consumer (not businesses), to exclude following particulars in their tax invoices-
(a) the word ‘tax invoice’ (reg. 22(a) GSTR)
(b) name and address of the recipient (reg.22(e) GSTR)
(c) the total amount payable exclusive of tax

Many interpreted that decision as DG having given his blanket approval for simplified tax invoice as long as all the prescribed particulars of a full tax invoice minus the 3 listed above, are contained in the simplified tax invoice.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by wjtan7 on Wed Apr 01, 2015 3:04 pm

so for walk in customer who does not wish to claim back gst, can i still use full tax invoice?

wjtan7

Posts : 6
Join date : 2015-03-26

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by joseph on Wed Apr 01, 2015 4:13 pm

If customers not claiming input tax, full tax invoice or simplified tax invoice makes no difference to them.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by wjtan7 on Sat Apr 04, 2015 9:59 am

I have both Retail (walk-in) & Wholesale customers (on credit terms).
Can I issue tax invoices for retail customers with GST inclusive format, and issue tax invoices (of a different prefix) to credit customers with GST exclusive format? Or must it be the same practice for all customers?

wjtan7

Posts : 6
Join date : 2015-03-26

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by joseph on Sat Apr 04, 2015 10:20 am

It is okay to use different sets of tax invoices for retail and wholesale customers.

But, why not just use the same GST inclusive format for both retail and wholesale customers?

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by wjtan7 on Sat Apr 04, 2015 10:30 am

Our existing wholesale customers are used to the wholesale pricing, it would be a hassle if we change the price tag in the system to include GST Razz

wjtan7

Posts : 6
Join date : 2015-03-26

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by ylyong78 on Mon Apr 13, 2015 11:12 pm

My Motor Workshop currently having cash customer and Company customer.
Currently we issue full Tax invoices for Company customers and issue Simple Tax Invoice (hand writing cash bills which with word "Invoice" on the bills).
Is that right we have 2 sets of invoices? I was confusing..

ylyong78

Posts : 1
Join date : 2015-04-13

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by joseph on Tue Apr 14, 2015 5:57 pm

A GST-registered business has to charge GST unless

  1. the goods or services are exempted from GST
  2. the customers have been given a relief under the GST (Relief) Order 2014 or GST (Relief) (Amendment) Order 2015

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

Back to top Go down

Re: Difference Between a Full Tax Invoice and a Simplified Tax Invoice

Post by Sponsored content


Sponsored content


Back to top Go down

View previous topic View next topic Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum