DIR Return Create A Forum - Home
       ---------------------------------------------------------
       GST AUDIT FILE
  HTML https://mygafcom.createaforum.com
       ---------------------------------------------------------
       *****************************************************
   DIR Return to: General Discussion
       *****************************************************
       #Post#: 299--------------------------------------------------
       Re: Free Goods
       By: AngelGST Date: October 19, 2017, 12:09 am
       ---------------------------------------------------------
       My company gives Items for free to many customers
       No fixed policy
       No promo period
       Sales Manager can give free anytime as he is the boss brother
       eg. Buy 10 free 5, Buy 10 free 10
       Free Items
       ------------
       Appears as 2 Lines Items in the Tax Invoice
       1st Line with Sales Value
       2nd Line with Zero Value
       As I have learn how to read and analyse GAF,  I extracted Lines
       with zero value in the S Record Element and showed to my boss
       As per the GST Consulant, we should have accounted for Deemed
       Supply as we did not have an agreement with the customer to give
       free goods and we not have any documents to show that we were
       running promotions
       Do we need to account for Deemed Supply & pay GST?
       #Post#: 304--------------------------------------------------
       Re: Free Goods
       By: finance2017 Date: October 20, 2017, 5:28 am
       ---------------------------------------------------------
       Yes you need to account for Deemed supply is for free gifts
       above RM500 per year per staff or customer and no need to pay
       GST is a record purpose in AP- Tax code "TX" & AR - Tax code
       "DS". And you also allow to claim input tax if for business
       purpose.
       *****************************************************