Declare goods held stocks in final GST return

By admin | September 18, 2018

Based on the latest FAQ, the RMCD has clarified that the GST final submission must include value of goods held to be reported in the GST-03 Return under field 5 (a). Following are the steps to report it into GST-03. Open Stock Balance Report and select the date as of…

AutoCount Accounting Version 1.9.1

By admin | August 24, 2018

Preface The following article contains important information on the restructuring of the GST features as well as how to use the AutoCount SST features. Please make sure that to read it carefully. Introduction With the introduction and implementation of the Sales and Services Tax (SST) by the Malaysian Government, AutoCount…

Version 1.9.1 Support for Malaysia SST

By admin | August 23, 2018

AutoCount has released AutoCount Accounting version 1.9.1 for SST updates. AutoCount Accounting 1.9 users can enjoy free download update from here and click here to learn how to upgrade. For AutoCount Accounting 1.9 users who are not SST taxable person, you are encouraged to update to SST version. With the latest update,…

Submission GST-03 Return for Last GST Taxable Period

By admin | August 22, 2018

Please be informed that pursuant to Section 6, Goods and Service Tax (Repeal) Act 2018, all GST Registrants are required to submit the GST-03 Return on the final GST taxable period and make full payment for the amount of tax payable in connection with the supply, for the last taxable…

Overview of SST Tax on AutoCount

By admin | August 17, 2018

This article to provides a quick overview on latest development of SST Malaysia in AutoCount Accounting. There will be a version expected to be released latest by end of Auguest 2018. This version is a minor update to users so that they are able to perform their transaction / Invoicing…

Seminar: What does SST impact to your company?

By admin | July 28, 2018

The seminar will introduce to the participants the smooth transition to SST and the type of businesses which are likely to be affected with the introduction of SST. AutoCount specially invited professional to share the mechanism of SST with everyone. *Seminar will conducted in Mandarin, except 20th Aug 2018 9am-1pm…

Reverse negative output tax in GST-03

By admin | July 25, 2018

Generally the column 5b in GST-03 recorded the total output tax amount. When you have credit note or adjustment more than the actual sales, the amount will shown in negative. To reverse the negative GST tax amount, you need to pass a manual journal entry.   In order to reverse…

New! AutoCount Accounting Version 1.9

By admin | May 23, 2018

Introduction This is a new release of AutoCount Accounting on GST updates. GST updates are based on FAQ Transitional GST document found in custom website. You can refer to the details here. This upgrade will upgrade the database version to Section 1: GST Compliance Changes 1.  Implementation of SR–0, TX-0 Tax Code Changes on capturing tax code has been introduced to document entries on or after 01/06/2018. For document on or after 01/06/2018, if system detects the final tax code falls under the following Government Tax Code (Refer Table 1), it will be overwritten with SR-0 or TX-0 tax code automatically so that changes of default setting is not needed. Document date will be the triggering date for such implementation. *Upon this upgrade, system will auto create a SR-0 & TX-0 tax code with 0% and map to Government Tax Code SR/TX so that it will appear in Column 5(a), Column 6(a) respectively. Table 1 is a list of tax code results in transactions for this version onwards: DEFAULT SETTING                           BEFORE 1 JUNE 2018                      ON/AFTER 1 JUNE 2018…

Check AutoCount Product ID and Package

By admin | May 23, 2018

This guide demonstrates the steps how to check your Product ID and Package. 1. Login account book. 2. Go to Tools > Program Control > License Control 3. Click on “Open Account Book Registration”. The info needed will be showed.

Transition 6% to 0% GST – FAQ

By admin | May 22, 2018

Without prejudice. Note: The FAQ dated 17 May 2018 is cancelled. 1. STATUS OF GST 1.1. Q: What does the MOF statement mean / What happens to GST? A: All supplies of goods and services which are now subject to GST at standard-rated (6%) becomes zero-rated (0%) effective on 01…