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The Impact of GST on Accounting

The Impact of GST on Accounting

  • 作者:
  • 出版商: CCH Malaysia
  • ISBN: 9789670853109
  • 出版时间 November 2015
  • 规格: Paperback , 204 pages
  • 适应领域: Malaysia ? 免责申明:
    Countri(es) stated herein are used as reference only

List Price: ¥492.90

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  • 描述 
  • 大纲 
  • 详细

    Unlike other taxes, the Goods and Services Tax (GST) is an integral element of the accounting function of any organisation. Under the GST regime, the registered business must be able to track all transactions that it enters into either on the purchases side (expenditure) or the income/supplies side. You pay GST on the goods you purchase, and charge your customers on goods you sell. You remit to the Royal Malaysian Customs (RMC) the amount of GST you charge customers; less any GST you pay on business-related purchases that qualifies as an input tax credit. It is important that businesses identify and implement ways to properly maintain their accounting processes for GST as well as record-keeping practices to avoid the strict penalties imposed for non-compliance.


    Features:

    • Preparing and administering GST accounting
    • Setting up tax codes and completing the GST return
    • Recording the different types of accounting entries
    • Adjustments on GST
    • Reconciling the GST return form, and
    • The impact of GST on financial statements, income tax, import duty, RPGT, stamp duty, etc.
  • Chapter 1: Accounting for GST
    Chapter 2: Understanding the GST Return and Recommended Tax Codes
    Chapter 3: Accounting Entries – Income and Deemed Supplies
    Chapter 4: Accounting Entries – Expenses and Assets
    Chapter 5: Accounting Entries – Cross Border Transactions
    Chapter 6: Accounting Entries – Transitional Period
    Chapter 7: Accounting Entries – Issues Facing Mixed Suppliers
    Chapter 8: Financial Statements and Related Documents
    Chapter 9: Documentation and Record Keeping
    Chapter 10: Impact of GST on Income Tax, Import Duty, RPGT and Stamp Duty

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