GST Enhancement Changes to the Tax Codes

Note :

Autocount revision 186 free upgrade applicable for those user which is under yearly support maintenance contract only.

For those user not under yearly support maintenance contract will be chargeable accordingly.

Click here to download Autocount express revision 186

Click here to download Autocount Basic & above revision 186

Improvements Introduced

GST Enhancement

With the release of the revised version of the Guide on Accounting Software Enhancement towards GST Compliance (Revised as of 05 February 2018), several changes has been made to the AutoCount Accounting software with regards to the GST functionality. Below are the changes implemented into the system.

Changes to the Tax Codes

Several changes has been implemented to the tax codes used in AutoCount Accounting. When updating to this version, the system will generate a file to show what changes has been done to which tax code. The user can then save and open the file to review the changes done to the tax codes in AutoCount Accounting.

The following shows the changes done to the Supply Tax Codes.

Tax Code	Description	Rate	Government Tax Code	Special Note
OS-TXM	Output Tax 0% – Out of Scope Supplies Of Oversea which are taxable in Malaysia	0%	OS-TXM	The GST-03 Mapping is updated to Field 15.
OS-TXM-CG	Output Tax 0% – Out Of Scope Supplies Of Capital Goods	0%	OS-TXM	The GST-03 Mapping is updated to Field 15.
NTX	Output Tax 0% – Supplies with no tax chargeable	0%	NTX	The GST-03 Mapping is updated to Field 15.
NTX-CG	Output Tax 0% – Supplies with no tax chargeable Of Capital Goods	0%	NTX	The GST-03 Mapping is updated to Field 15.
OS	Output Tax 0% – Out Of Scope Supplies	0%	OS	The GST-03 Mapping is updated to Field 15.
GS	Output Tax 0% – Disregarded Supplies	0%	GS	The GST-03 Mapping is updated to Field 15.
GS-CG	Output Tax 0% – Disregarded Supplies Of Capital Goods	0%	GS	The GST-03 Mapping is updated to Field 15.

The following shows the changes done to the Purchase Tax Codes

Tax Code	Description	Rate	Government Tax Code	Special Note
IM-CG	Input Tax 6% – Import of Capital Goods	6%	IM-CG	Replace the old government tax code IM
NP	Input Tax 0% – Purchase treated as Non-supply	0%	NP	Remove the government tax code NP
ZP	Input Tax 0% – Purchase subject to GST other than standard rate	0%	ZP	Merge the old tax code RP, EP, GP into ZP
IS-ATS	Input Tax 0% – Imports Under Special Scheme (ATS)	0%	IS	The GST-03 Mapping is removed from Field 15.

New GST-03 Mapping

With the addition and changes done to the tax code line up, the GST-03 mapping is also updated to reflect the changes. The following table illustrates the changes:

Field	Description	Tax Code
5a	Total Value of standard rate supply	SR, SR-MS, DS
5b	Total Output tax (inclusive of tax value on bad debt recovered & other adjustments)	SR, SR-MS, DS, AJS
6a	Total value of standard-rate and flat rate acquisition	TX, TX-IES, TX-RE, IM, IM-CG, TX-CG, TX-FRS, TX-ES(if pass de minimis rule)
6b	Total input tax (inclusive of tax value on bad debt relief & other adjustments)	TX, TX-IES, IM, IM-CG, TX-CG, TX-FRS, AJP, TX-ES(if pass de minimis rule)
10	Total value of local zero-rated supplies	ZRL
11	Total value of export supplies	ZRE, ZDA
12	Total value of exempt supplies	ES, IES
13	Total value of supplies granted GST relief	RS
14	Total value of goods imported under approved trade scheme	IS
15	Total value of GST suspended under item 14	OS, OS-TXM, GS, NTX
16	Total value of capital goods acquired	TX-CG, IM-CG, TX-RE-CG, TX-IES-CG, TX-ES-CG(if pass de minimis rule)
17	Total value of bad debt relief inclusive tax	AJP-ARBD
18	Total value of bad debt recovered inclusive tax	AJS-ARBD

Bugs Fixed and Minor Enhancement

Among the newer bugs fixed and minor enhancement introduced in AutoCount Accounting version 1.8 are:

1. Fix Bug: Fix unable to change certain user defined data type size in management studio.