Credit Note for GST Invoice

I have to issue CN for May Invoice (6%) & Aug Invoice (0%) for their goods return.

1) Issue with Tax Credit Note or Credit Note?

2) CN stated with the GST figure? Eg : RM100+RM6=RM106 or straight away RM106?

Asked on September 29, 2018 2018-09-29 02:42:20 Business (商家)

Hello Nic, I also have the same question with you. You get the answer now? if yes,  please let me know. Thanks.

3 days ago. 2018-10-16 15:53:10

Hi tanwaikid, you may refer to the conversations as below.

3 days ago. 2018-10-17 01:37:56
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16 Answer(s)

1. Tax Credit Note.
2. Show amount and GST charged.

Answered on October 1, 2018. 2018-10-01 01:43:11
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Even CN issues in Sep onward?

Answered on October 1, 2018. 2018-10-01 02:55:12
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Yes because your credit note issued is for your goods sold before 1/9/2018, right?

Answered on October 1, 2018. 2018-10-01 04:03:45
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Yup. So the GST of CN declares together with August submission which to be submitted latest by 29/12/18?

Answered on October 1, 2018. 2018-10-01 04:59:12
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Hi Expert,  i also like to know whether we can still issue tax credit note (stated RM100+RM6=RM106)
within 01/09/18-29/12/18?

Are we still able to claim input tax for the related tax credit note issued ?

Kindly advise.

Thanks!

Answered on October 2, 2018. 2018-10-02 04:03:48
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Yes you have until 31/12/2018 to claim all and final  input tax credit.

Answered on October 2, 2018. 2018-10-02 05:19:17
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Hi, since August is the last taxable month, is it proper to issue CN (with GST) dated Sep onwards but with gst posting effect in Aug?

Answered on October 5, 2018. 2018-10-05 02:02:22
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No.  Just issue normal credit note.  You are allowed to make adjustments.

Answered on October 5, 2018. 2018-10-05 02:51:19
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Hi, I’m confuse, initially you are saying that we are able to issue tax credit note even on Sep onward,
show GST charged and declare in August’s return.
Is this correct… Please advice.

Answered on October 5, 2018. 2018-10-05 07:03:47
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I did not mentioned tax credit note.  You should issue a normal credit note which relate to the tax invoice (GST at 6%) issued for the goods sold.

Answered on October 5, 2018. 2018-10-05 08:29:43
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Let me show you one example which I’ve extracted from Customs website :

Q : I was a GST registered person under the GST Act 2014 and became a registered manufacturer under the Sales Tax Act 2018 as at 1 September 2018. I supplied taxable goods before the Sales Tax implementation but due to some defective qualities, 10% of the goods were returned after 1 September 2018. A credit note was issued on the returned goods. What is the Sales Tax implication to the buyer if he is a registered manufacturer?
A :
If your buyer is a registered manufacturer and he has claimed input tax credit on those goods he returned to you, then he has to account for output tax in the taxable period he returned the goods within 120 days from the effective date.

Answered on October 5, 2018. 2018-10-05 08:33:04
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Hi Good day~
Thanks for your reply & info.

The custom’s example only mentioned we may account for input or output tax within 120days,
but does not specifically mentioned about the documentation date (either CN issue at current date or must backdate to August).

My understanding on your explanation is that :
1) we only can  issue normal credit note with the amount RM106
(same for all the gst goods return on September onward) and
2) declare the gst in August’s return.

Please correct me if I’m wrong. 🙂

Answered on October 6, 2018. 2018-10-06 02:17:47
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Yes you are correct.  Unless your credit note is dated August, 2018 then you can issue tax credit note.

Answered on October 6, 2018. 2018-10-06 03:18:52

this means  rm106 is incl gst  6% for normal credit note .

on October 6, 2018. 2018-10-06 03:26:35

after 1-9-2018, can we only issued normal credit note for rm100  or need to issued one more credit note for rm 6.00 (gst 6%).

on October 6, 2018. 2018-10-06 03:29:49

can we only issued credit note for rm100 only?  many supplier  just issued normal purchase credit note to  us for rm100. is this correct.

on October 6, 2018. 2018-10-06 05:15:26
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Yes but try not to mention GST because it has been repealed effective 1/9/2018.

Answered on October 6, 2018. 2018-10-06 05:02:20
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If you are still confuse then I suggest you consult the Officer at the Customs near your place.

Answered on October 6, 2018. 2018-10-06 05:03:40
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Hi CMS, thanks for your info & explanation. 🙂

Answered on October 8, 2018. 2018-10-08 00:43:35
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