While we await the formal release of SST02 Return report requirements from custom, we understand there may be a temporary need to retrieve March transaction amounts for your upcoming SST Return reports.
This guide outlines a temporary solution to ensure you can submit your reports accurately and on time.
- Access SST Transaction Report:
Navigate to the Reports>Tax [Detail Cash] report of ABSS MY Accounting/Premier and locate the relevant transaction for March 2024.
- Filter Transactions by Date:
Utilize the date filtering options to specify the timeframe of 1st March, 2024, to 31 March, 2024.
- Submit the Totals via MySST portal:
Calculate the totals of all 8% Service Tax related tax code and submit via MySST portal.
Step 1: Go to Index to Reports > GST/Sales Tax > Tax [Detail-Cash] report to continue retrieve the details transaction of your 8% service tax.
Step 2: Go to Finishing tab and select the option Tax Exclusive for both Display Sales Values and Display Purchase Values.
Step 3: Sum up all positive amounts under Sales value column of the new 8% service tax code (which linked to Tax Type SV08 and SVD08 as total taxable Sales.
Step 4: Sum up all negative amounts under Sales value column of the new 8% service tax code (which linked to Tax Type SV08 and SVD08 as total taxable Credit Notes.
Step 5: Go to MySST portal, you were noticed that the portal has been updated with new option 8% tax rate in item ix, as below:
Step 6: With this changes, you need to submit 6% Service tax and 8% service tax as two separate lines. You may proceed with your normal submission for 6% Service Tax amounts that you retrieves from SST02 Detail report.
Step 7: After that you need to select 8% option in item ix to process with 8% submission based on the total values retrieve from Step 1 to Step 4.
Refer to the below guideline, to input the total amount:
|
i. Value of Taxable Service (10) |
Add up positive value under Sale Value of tax code SV08, SVD08 |
|
ii. Values of Free Service (9) |
Not applicable, can ignore |
|
iii. Total Taxable Value (i + ii) |
Auto calculate by portal |
|
iv. Tax Amount Computed (ii * ix) |
Auto calculate by portal |
|
v. Tax Amount Collected |
Leave it blank or 0 |
|
vi. Tax Deduction from Credit Note (13a) |
Add up negative value under Sale Value of tax code SV08, SVD08 |
|
vii. Service Tax Deduction (13c) |
Not applicable, can ignore |
|
viii. Total Tax Payable Before Penalty Imposed (v – vi – vii) |
Auto calculate by portal |
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