Tuesday, February 06, 2018

Revised tax codes (As at 5 February 2018)

RMCD officially uploaded the revised of “The Guide of Accounting Software Enhancement towards GST Compliance” as at 5 February 2018. The new guide replaced the Guide dated 2 March 2017.

The new guide withdraws the tax code NP and reinstate tax code IM-CG.

From the taxable period January 2018 onwards, item 15 of GST-03 return has been amended from "Total Value of GST Suspended under Item 14" to "Total Value of Other Supplies".

The total value of other supplies includes out of scrap supplies and disregarded supplies.