GST: How to configure GST Malaysia if home currency for account book is not MYR

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Question: How can I configure GST Malaysia if my home currency for account book is USD?


Answer:

First you must have the module of Advance Multi-Currency.

1. Go to Tools > Options.


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2. Under General > Goods and Services Tax, check the checkbox of ‘Enable Goods and Service Tax’ and click on the drop-down list for ‘Reporting Currency Code’ to choose your preferred currency as MYR.


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3. Click on Yes to change the Tax Currency Rate with maintained currency rate.


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4. Now, you can configure tax code for Malaysia Use. Go to GST > Tax Code Maintenance > Configure Malaysia GST .


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By: Soh Wee 180201, KM 180205, P180207



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