Formation of Input Tax (Malaysia GST)

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Input Tax

Where do Input Tax come from?

Output Tax - Input

Tax = Taxes to pay

Where do Input Tax come from?

Input Tax

Purchases

Expenses

Input Tax

Purchases- Setting Purchase Tax Code in Stock Master

Purchases- Setting Tax Code in Creditor Master

Issue Purchase Order

Receive Stock

Issue Supplier Invoice

Auto update to accounts

+ Input Tax

Purchases

Expenses

Formation of Input Tax

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