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Nov
27

Why there’s always different for GST calculation on the tax invoice ?

written by IT Evangelist

When GST being implemented in Malaysia, many business operators faced the problem whereby when the users key-in the tax invoice being received from supplier into the system, sometimes it will have different, but sometimes nope. Most users will thought it’s the error, in fact, it’s happened due to non standardize of the calculation among the GST accounting software in Malaysia.

Following is the example and explanation :

INVOICE 1001 :
PRICE WITH GST GST AMOUNT GST AMOUNT PRICE BEFORE GST
ITEM A 104 5.8868 5.89 98.11
TOTAL 104 5.8868 5.89 98.11

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