Bank charges-Tax Code
can i know what is the tax code for these show in bank statement??
Cheque Processing Fee rm1.00
Debit Advice-GST 0.06
Serv Charge-IBG/TT/RENTAS/MISC at KLM rm30.00
Debit Advice-GST at KLM rm1.80
gst can be claim or not? what is the accounting entries?
Normally bank will send you the Tax Invoice for any GST on their services. You may request it from the banker. Sometimes the GST amount is printed on their Debit or Credit Advice (e.g. TT application form, etc.).
Tax code for not claiming GST input tax is TX-NC.