RM1,500

WMS-1201+ WMS1202 Advanced GST with Wavelet EMP (step by step guide) + GST...

Event Information

Share this event

Date and Time

Location

Location

Wavelet Solutions Sdn. Bhd.

NO. 24B, 2ND FLOOR

JALAN USJ 10/1B, USJ 10

TAIPAN, SUBANG JAYA 47620

Malaysia

View Map

Event description

Description

WMS-1201 Advanced GST with Wavelet EMP (step by step guide)

Summary:

This is a very intensive course that takes a deep dive into Malaysia GST requirements. Step by step guide will be given to participants with basic GST understanding.

Target Audience:

  • Wavelet EMP Software users (accountants, auditors)
  • Wavelet Resellers / Partners

Pre-requisites
  • Good understanding of GST Knowledge
  • Experience using Wavelet Software for at least 2 months
Notes:
  • Please bring your own laptop

Detail Content:

A. Basic and Advance

  1. GST Setup
  2. Purchase Transaction for Taxable Supplies
  3. Sales Transaction for Standard Supplies
  4. Deposit from Customer
  5. Filing for Purchase Transactions (Full Tax Claimable)
  6. Filing for Sales Transactions (Full Tax Claimable)
  7. Generation of GST-03 (without support for TX-RE)
  8. Generation of GST Audit File (GAF)


B. Advance only

  1. Purchase Transaction for Mixed (Taxable and Exempted) Supplies
  2. Sales Transaction for Exempted Supplies
  3. Tax Report for Input Tax Recoverable Ratio (IRR)
  4. Filing for Purchase Transactions (Mix Tax Claimable)
  5. AR Bad Debt Relief and Recovered
  6. AP Bad Debt Relief and Paid
  7. Annual Adjustment
  8. Generation of GST-03 (Complete with support for TX-RE)
Edit

Purchase Transaction

Sales Transaction

Accounting Double Entry

GST Filing Checklist

  1. Please make sure the Financial Year added
  2. Please make sure the Tax Year added (first taxable period is the same as the GST registration approval letter)
  3. Create the Filing Cycle
  4. GST Adjustment (Credit Card Charges, Bank Charges, AJP, AJS)
  5. Declare AR Bad Debt (for Over six months outstanding invoices) - Filing on October 2015
  6. Declare AR Bad Bebt Recovered (for previously declared Bad Debt) - Filing on November 2015
  7. File Output Tax
  8. Declare AP Bad Debt (for Over six months outstanding invoices) - Filing on October 2015
  9. Declare AP Bad Bebt Paid (for previously declared Bad Debt) - Filing on November 2015
  10. File Input Tax on Imported Goods
  11. File Input tax (regular transaction)
  12. Reports for Submissions : GST-03
  13. Reports for Submissions (upon request from Royal Custom): GST Audit File (GAF)
  14. Supporting Reports
    i) Simplified Tax Invoice Report
    ii) Output Tax Invoice Report
    iii) Input Tax Invoice Report
    iv) Output And Input Tax Summary Report
  15. Create Journal Transaction for GST payable
  16. Create Payment Voucher for GST payable
  17. Lock Filing Cycle
  18. Lock Financial Period
Share with friends

Date and Time

Location

Wavelet Solutions Sdn. Bhd.

NO. 24B, 2ND FLOOR

JALAN USJ 10/1B, USJ 10

TAIPAN, SUBANG JAYA 47620

Malaysia

View Map

Save This Event

Event Saved