Archives for Tax Code

Do You Know GST Common Problem But Uncommon Risk

Welcome to series of GST educational posts -->Do You Know GST Common Problem But Uncommon Risk As usual, this 5 minutes posts explain WHAT, WHY,  and HOW. Do You Know GST Common Problem But Uncommon Risk Wrong Tax Code & Key Entry Error Wrong Tax Code used & key entry problem --> Understated tax liability Capital goods – Should account as TX or TX – CG (6%) wrongly account as NR (0%) TX (6%, Ex – petty cash purchased; handphone
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Do You Know What Trigger GST Audit

Welcome to another series of GST educational posts --> Do You Know What Trigger GST audit. As always, this is a 5 minutes education posts to explain WHAT, WHY,  and HOW.  The 7 Reasons Trigger GST Audit? (1) Your revenue trend is < or > industry average? (2) Your input and output tax ratio to Supplies Value is < or > industry average (3) Your CAPEX ratio to supplies value  is < or > industry average (4) Previous GST filling exception, especially repeat cases Late
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