What goes into each box -Malaysia GST-03 Return
The following table shows how NetSuite uses the tax codes to get the values for the Malaysia GST-03 Return.
For OneWorld accounts, all amounts are reported in the base currency of the subsidiary. If you do not have a OneWorld account, amounts are reported based on the currency in the Company Information page.
Nondeductible tax codes created by checking the 100% Non-deductible box on the Tax Code page is not supported. If you want to create nondeductible tax codes that will work with International Tax Reports SuiteApp, see Setting Up Nondeductible Input Tax.
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Box |
Description |
Value |
|---|---|---|
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PART A: REGISTERED PERSON DETAILS |
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|
1 |
GST No. |
Company’s VAT number |
|
2 |
Name of business |
Company’s name or legal name |
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PART B: RETURN DETAILS |
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|
3 |
Taxable period |
|
|
Start date |
Period start date (based on selected reporting period) |
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|
End date |
Period end date (based on selected reporting period) |
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|
4 |
Return and payment due date |
Editable field, return and payment due date |
|
5 |
Output tax |
|
|
5a |
N/A |
Net amount of sales SR-MY, SRA-RC, DS-MY, ZRL-MY |
|
5b |
N/A |
Tax Amount Sales SR-MY, DS-MY, ZRL-MY, AJS-MY +Notional Amount Sales SRA-RC +Tax Amount Sales Adjustment box5b, SR-MY, DS-MY, ZRL-MY, AJS-MY |
|
6 |
Input tax |
|
|
6a |
Total value of standard and flat rated acquisitions |
Net amount of purchases TX-MY, IM-MY, TX-IES, TX-RE, TX-CG, TX-FRS, SRA-RC, ZP-MY |
|
6b |
Total input tax (inclusive of tax value on bad debt relief and other adjustments) |
Editable field, but default value is based on the tax amount of purchases TX-MY, IM-MY, TX-IES, TX-RE, TX-CG, TX-FRS, SRA-RC, ZP-MY, AJP-MY For TX-RE tax amount computation (partial exemption guide): TX-RE tax amount is reclaimable if the following conditions are both true (De minimis rule):
If the above conditions are true, the actual TX-RE tax amount is used in Box 6b. Otherwise, apply input tax recoverable ratio (IRR%) on TX-RE transactions: TX-RE tax amount =(actual TX-RE tax amount)*(IRR%) Where, IRR% =[(Net amount of sales SR-MY +ZRL-MY +ZRE-MY +DS-MY +RS-MY +GS-MY +ZDA-MY +OS-TXM +NTX)/(Net amount of sales SR-MY +ZRL-MY +ZRE-MY +DS-MY +RS-MY +GS-MY +ZDA-MY +OS-TXM +NTX-MY +ES-MY)]
Note:
The value for the IRR% is shown on the detail report for Box 6b. |
|
7 |
GST amount payable (Item 5b – Item 6b) |
Shows GST payable, Box 5b – Box 6b. If the amount of output tax (Box 5b) is greater than the input tax (Box 6b), box shows the result. Otherwise, box shows zero. |
|
8 |
GST amount claimable (Item 6b – Item 5b) |
Shows GST claimable, Box 6b – Box 5b. If the amount of input tax (Box 6b) is greater than the output tax (Box 5b), box shows the result. Otherwise, box shows zero. |
|
9 |
Do you choose to carry forward refund for GST? |
Yes or No |
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PART C: ADDITIONAL INFORMATION |
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|
10 |
Total value of local zero-rated supplies |
Net amount of sales ZRL-MY, NTX-MY |
|
11 |
Total value of export supplies |
Net amount of sales ZRE-MY, ZDA-MY |
|
12 |
N/A |
Net amount of sales IES-MY, ES-MY (includes net realized foreign exchange gain) |
|
13 |
Total value of supplies granted GST relief |
Net amount of sales RS-MY |
|
14 |
Total value of goods imported under approved trader scheme |
Net amount of purchases IS-MY |
|
15 |
Total value of other supplies |
Net amount of other supplies GS-MY, NTX-MY, SR-JWS, OS-TXM, OS-MY |
|
16 |
Total value of capital goods acquired |
Net amount of purchases TX-CG |
|
17 |
Total value of bad debt relief inclusive tax |
Net Amount Purchases AJP-MY |
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18 |
Total value of bad debt recovered inclusive tax |
Net Amount of Sales AJP-MY |
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19 |
Breakdown value of output tax in accordance with the Major Industries Code |
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|
Code |
Editable field, 5-digit Malaysia Standard Industrial Classification (MSIC) code |
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|
Value of output tax |
Editable field, value of output tax for each major industry |
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|
Percentage |
Total percentage must be equal to 100%. |
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