Sage UBS Updated:
Now Supports GST 2018
Learn About the Changes in GST 2018 Malaysia
What's New in Sage UBS 2018
- Add New Tax Method
- Update Tax Code Maintenance
- GST 03 Return Form Format Update
- Update Taxpayer Access Point (TAP) File Format
Added A New Tax Method
New tax method is enhanced in Sage UBS to cater for the GST 03 mapping Field 14 and Field 15.
| Tax Method (Full Name) | Tax Method (Short Name) | GST 03 Mapping |
|---|---|---|
| Supply | ||
| Other Supplies | OS | Field 15 - Total Value of Other Supplies |
| Tax Method (Full Name) | Tax Method (Short Name) | GST 03 Mapping |
|---|---|---|
| Purchase | ||
| New Import Under Special Scheme | NIS | Field 14 – Total Value of goods imported under ATS |
Updated Tax Code Maintenance
New tax method is updated in Tax code maintenance for mapping:
| Malaysia Tax Code | % | Description | Tax Method |
|---|---|---|---|
| IS | 0 | Imports of goods under Approved Trader Scheme | NIS – New Import Under Special Scheme |
| OS | 0 | Out-of-scope supplies under GST legislation. | OS – Other Supplies |
| OS – TXM | 0 | Out-of-scope supplies made outside Malaysia which will be taxable if made in Malaysia. | OS – Other Supplies |
| GS | 0 | Disregarded supplies under GST legislation. | OS – Other Supplies |
| SR – JWS | 0 | Supplies under Approved Jeweller Scheme (AJS) | OS – Other Supplies |
| NTX | 0 | Supplies with no tax chargeable. | OS – Other Supplies |
Deactivated and Active Tax Code Update
With the new GST changes, Sage UBS is enhanced to activate and deactivate the tax code accordingly, especially those which are no longer used for GST 03 mapping.
Activate Tax Code:
| Malaysia Tax Code | % | Description | New GST 03 Mapping |
|---|---|---|---|
| IM-CG | 6 | Importation of capital goods with GST incurred. | - Field 6a & 6b: Input Tax - Field 16: Value excluding Tax 6b: Input Tax |
Deactivate Tax Code:
| Malaysia Tax Code | % | Description | New GST 03 Mapping |
|---|---|---|---|
| EP | 0 | Purchase in relation to exempt supply need GST legislation |
- |
| RP | 0 | Relief Purchase under GST legislations. | - |
| GP | 0 | Purchase transaction which disregarded under GST legislation |
- |