GST: How to account for GST at 0% and declare the output tax in final GST-03 for goods held in hand (Fixed Asset & Stock) before effective date of SST

Question : How to account for GST at 0% and declare the output tax in final GST-03 for goods held in hand (Fixed Asset & Stock) before effective date of SST?

Version : 1.8 / 1.9 / 2.0

Answer :

1) Go to G/L > Journal Entry to create the journal as below: -

2) Run GST Processor and now result show in item 5 (b) is zero, you may double click on 5 (a) figure RM 190,000.00 to view the drill down detail as the adjustment Journal is declared at 5 (a).

By : Ashikin 180929, Lay Swan 181005, P181016

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