Exact Globe+

PU 505 | 504 | 503 (Globe+) and 424 (Globe): Service tax amount streamlined for self-billed purchase entries (Malaysian legislation)

Now, when you process self-billed purchase entries (invoices and credit notes), the additional VAT claim amount is displayed differently in the XML. Previously, the zero tax amount was shown, and the tax and payable amounts excluded VAT.

This enhancement is based on the IRBM (LHDN) e-Invoice guidelines for the purposes of self-billed e-Invoice. The service tax on imported taxable service is applicable in accordance with the relevant SST legislation, and the taxpayer is required to include the service tax amount in the said self-billed e-Invoice.

To process the self-billed purchase entries, go to Finance > Entries > Self-billed.

For the VAT code, make sure that you have selected the VAT Self-billed option and the VAT charged option (to include the service tax). You must also select the accounts for the VAT to pay and VAT to claim accounts. For more information about VAT codes, see Creating and maintaining tax codes.

In the generated XML file, the additional VAT to claim (service tax) amount is now shown in these sections:

• Group by Tax Category
• Invoice line 

The tax-inclusive and payable amounts in the Legal Monetary Total section display the total invoice amount including the VAT to be claimed amount.

The following is a sample of the generated XML file with the amounts displayed in the sections accordingly:

Note: This new implementation only applies to the generated XML file. It does not impact any of the purchase journal entries.