Who is online?
In total there are 23 users online :: 0 Registered, 0 Hidden and 23 Guests None
Most users ever online was 92 on Mon Sep 23, 2024 6:45 am
Latest topics
Statistics
We have 352 registered usersThe newest registered user is molifar
Our users have posted a total of 570 messages in 139 subjects
Search
Bank Charges
2 posters
Page 1 of 1
Bank Charges
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- Posts : 9
Join date : 2015-04-02
Re: Bank Charges
Bank should issue you a Tax Invoice/Statement. Claim the GST as your Input Tax.
joseph- Posts : 277
Join date : 2014-09-25
Re: Bank Charges
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?
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- Posts : 9
Join date : 2015-04-02
Re: Bank Charges
It does not matter if same tax code as for your stock purchases. After all, they are for GST purpose only.
joseph- Posts : 277
Join date : 2014-09-25
Page 1 of 1
Permissions in this forum:
You cannot reply to topics in this forum
|
|
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