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Autocount Accounting software Yearly Premium Subscription Plans - 12 MONTH - New Version 1.9.0.7 New Tax Code + Free 16GB Autocount Pendrive
RM159.00
Autocount Accounting software Yearly Premium Subscription Plans - 12 MONTH - New Version 1.9.0.7 New Tax Code + Free 16GB Autocount Pendrive
Price RM159.00
Product SKU AUT-ACCOUNTING-YEARLY
Brand Autocount (1)
Size (L x W x H) 10 cm x 10 cm x 10 cm
Availability In Stock
Quantity
Description
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  • Latest Version Autocount Account
  • Download and install yourself
  • DIY
  • 1 Year


New Version 1.9.0.7​ New Tax Code

Introduction

This version of AutoCount Accounting is a maintenance release for version 1.8. Some of the improvements implemented in this version are:

    GST Enhancement

Improvements Introduced
GST Enhancement

With the release of the revised version of the Guide on Accounting Software Enhancement towards GST Compliance (Revised as of 05 February 2018), several changes has been made to the AutoCount Accounting software with regards to the GST functionality. Below are the changes implemented into the system.
Changes to the Tax Codes

Several changes has been implemented to the tax codes used in AutoCount Accounting. When updating to this version, the system will generate a file to show what changes has been done to which tax code. The user can then save and open the file to review the changes done to the tax codes in AutoCount Accounting.

The following shows the changes done to the Supply Tax Codes.
Tax Code  Description  Rate  Government Tax Code  Special Note
OS-TXM  Output Tax 0% – Out of Scope Supplies Of Oversea which are taxable in Malaysia  0%  OS-TXM  The GST-03 Mapping is updated to Field 15.
OS-TXM-CG  Output Tax 0% – Out Of Scope Supplies Of Capital Goods  0%  OS-TXM  The GST-03 Mapping is updated to Field 15.
NTX  Output Tax 0% – Supplies with no tax chargeable  0%  NTX  The GST-03 Mapping is updated to Field 15.
NTX-CG  Output Tax 0% – Supplies with no tax chargeable Of Capital Goods  0%  NTX  The GST-03 Mapping is updated to Field 15.
OS  Output Tax 0% – Out Of Scope Supplies  0%  OS  The GST-03 Mapping is updated to Field 15.
GS  Output Tax 0% – Disregarded Supplies  0%  GS  The GST-03 Mapping is updated to Field 15.
GS-CG  Output Tax 0% – Disregarded Supplies Of Capital Goods  0%  GS  The GST-03 Mapping is updated to Field 15.

The following shows the changes done to the Purchase Tax Codes
Tax Code  Description  Rate  Government Tax Code  Special Note
IM-CG  Input Tax 6% – Import of Capital Goods  6%  IM-CG  Replace the old government tax code IM
NP  Input Tax 0% – Purchase treated as Non-supply  0%  NP  Remove the government tax code NP
ZP  Input Tax 0% – Purchase subject to GST other than standard rate  0%  ZP  Merge the old tax code RP, EP, GP into ZP
IS-ATS  Input Tax 0% – Imports Under Special Scheme (ATS)  0%  IS  The GST-03 Mapping is removed from Field 15.
New GST-03 Mapping

With the addition and changes done to the tax code line up, the GST-03 mapping is also updated to reflect the changes. The following table illustrates the changes:
Field  Description  Tax Code
5a  Total Value of standard rate supply  SR, SR-MS, DS
5b  Total Output tax (inclusive of tax value on bad debt recovered & other adjustments)  SR, SR-MS, DS, AJS
6a  Total value of standard-rate and flat rate acquisition  TX, TX-IES, TX-RE, IM, IM-CG, TX-CG, TX-FRS, TX-ES(if pass de minimis rule)
6b  Total input tax (inclusive of tax value on bad debt relief & other adjustments)  TX, TX-IES, IM, IM-CG, TX-CG, TX-FRS, AJP, TX-ES(if pass de minimis rule)
10  Total value of local zero-rated supplies  ZRL
11  Total value of export supplies  ZRE, ZDA
12  Total value of exempt supplies  ES, IES
13  Total value of supplies granted GST relief  RS
14  Total value of goods imported under approved trade scheme  IS
15  Total value of GST suspended under item 14  OS, OS-TXM, GS, NTX
16  Total value of capital goods acquired  TX-CG, IM-CG, TX-RE-CG, TX-IES-CG, TX-ES-CG(if pass de minimis rule)
17  Total value of bad debt relief inclusive tax  AJP-ARBD
18  Total value of bad debt recovered inclusive tax  AJS-ARBD
 

 

 

 

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1 x Autocount Accounting software Yearly Premium Subscription Plans - 12 MONTH - New Version 1.9.0.7 New Tax Code + Free 16GB Autocount Pendrive