MYOBGSTPREPARATIONGUIDE(For Existing MYOB Accounting

and MYOB Premier Users).

11

Setting Up Default Tax Codes for Customers and Suppliers

11. Set up Customer card file with GST information as following:

Go to Card file > Card List > Customer > Double click on the customers name > Selling Details.

If you are recording Sales using Services Invoice, please assign the GST tax code to every customer.

Note: If you are using inventory module, all inventoried items have to be assigned to GST Tax code under

Buying Detail and Selling Detail, if you do not want to overwrite it with other tax code. If you want to assign

a different Tax Code from your inventory then in the Customer Card selling detail screen, tick Use Customer

Tax Code. This would supersede Tax Code set in inventory.

12. Set up Supplier card file with GST information as following:

Go to Card file > Card List >Supplier > Double click on the Suppliers name > Buying Details

If you are recording Purchases using Services format of Bill, please assign the GST tax code to every

supplier.

M Y O B G S T P R E P A R A T I O N G U I D E L I N E

12

Managing Inventory Information

13. Set up Inventory Item for sales (selling details), assign the Inventory Item to the related GST Tax Code.

Go to Inventory > Item List > Double click on the Item Number > Selling Details

14. Set up Inventory Item for purchases (buying details), assign the Inventory Item to the related GST Tax Code

Go to Inventory > Item List > Double click on the Item Number > Buying Details

M Y O B G S T P R E P A R A T I O N G U I D E L I N E

13

Managing your Invoices

The existing forms in your FORMs folder found in your Program Folder are all design for GST usage. You will

begin to use these new Tax forms upon GST implementation which is on the 1st of April 2015. It is advised that

you customize these forms to suit your company format now.

1. Open the FORMS folder found in your Accounting21/Premier 16

2. The new GST forms can be customized with company logo etc. We recommend that the new forms to

be SAVED with GST prefix e.g GST _ . GST forms can be found below. Ensure you click

FORM SAVE AS and save the form names accordingly along with company logo etc.

Services Invoice

a. C_INV_SER Services format Tax Invoice

b. C_INV_CN_SER Services format Credit Note

c. C_FOREIGN_CUI Foreign Currency Services Tax Invoice

d. C_FOREIGN_CU Foreign Currency Service Credit Note

Item Invoice

a. C_INV_ITM Item format Tax invoice

b. MYOB Premiers Plain Paper Invoice Item format Tax Invoice with a summary total of Zero rated, Standard

rated and others.(if you do sell mix supply)

c. C_INV_CN_ITM Item format Credit Note

d. C_FOREIGN_CUI Foreign Currency item format Tax Invoice

e. C_FOREIGN_CU Foreign Currency item format Credit Note.

3. Revert back to your Accounting20/Premier 15 program folder. Click on your Forms Folder and Copy all the

necessary existing company designed forms into your Accounting21/Premier 16 forms folder. Please use

these forms until March 31st 2015.

M Y O B G S T P R E P A R A T I O N G U I D E L I N E

Part 2

This section is related to managing transactions in MYOB when GST is implemented in Malaysia (1st April 2015).

Managing Transactions and Forms with GST

1. Set your SR and TX Codes to 6%

2. Enter transactions for sales & purchases and assign the related GST Tax code to the transactions.

3. View / print Tax Invoice based on government requirement using Tax Invoice Format. Use the GST _ as advised in the previous section, Example GST_ C_INV_ITM Item format Tax invoice and so on.

4. If your transaction involves the use of foreign currency, enter data with different currencies.

5. View / print Tax Invoice in foreign currency - new format forms based on government requirement. A new

column is added to show your local equivalent on this invoice.

14M Y O B G S T P R E P A R A T I O N G U I D E L I N E

Bad Debts Relief.

This feature helps you manage GST relief provided by RMCD with relations to outstanding debts beyond 180

days aging.

You can select bad debt relief adjustment to view list of invoices due as well as those more than 180 days. Use

this feature to claim your GST back from RMCD.

this feature to claim your GST back from RMCD.

Go to Sales > Bad Relief Adjust Adjustment

GST Related Reports

Use these reports to review your GST submission details.

View GST-3 summary & GST-3 detail report as a reference to fill up Custom G-03 form

Go to Report > Index to report > GST/Sales Tax >

15M Y O B G S T P R E P A R A T I O N G U I D E L I N E

Monthly and quarterly reporting to RMCD should be submitted before the last day of the following month.

GST-3 Detail Report can help you to view a listing of transaction with their respective tax code.

Online Submission of GST 3 Form to Customs via Taxpayer Access Point (TAP)

You can now generate a GST 3 text file that can be uploaded to Royal Malaysian Customs Departments

Taxpayer Access Point (TAP) portal. This enables you to declare your tax information monthly or quarterly

online.

To generate this text file, open the Index to Reports window and select GST/ Sales Tax > GST 3 [Summary].

Click Customise to select your reporting frequency and period, and then click Send To > Tab-Delimited Text

File to save the file.

16M Y O B G S T P R E P A R A T I O N G U I D E L I N E

GAF GST Audit File

From time to time custom might want to perform audit to you account. A GAF file can be created.

Go to Account screen click Generate GAF button.

17M Y O B G S T P R E P A R A T I O N G U I D E L I N E

Custom will inform the period for the audit. Key in the date From and To to save click Disk then save this file

to your Custom report folder.

Note: Once you are familiar with the entire GST process as above, its time to ensure that you have all the

Forms such as Invoice, Credit Note and Debit Note customize with your company logo or with the same

design as you have now.

Please ensure you are on Business Support to get the right GST Transition directions from us in the coming

months of 2015. We will make sure you get the relevant updates.

18M Y O B G S T P R E P A R A T I O N G U I D E L I N E