Petty Cash Received From Staff For Using Company Courier Service Account

Staff using company courier service account to send personal parcel.
The staff pay back cash to company, eg. RM10. 60 (include gst)
When we receive tax invoice from courier service company, we claim for input tax.
Must we issue tax invoice to the staff? Or whether we should not claim the input tax at the first place?
Or just key in as per below transaction?
When receive supplier’s invoice:
Dr Other Debtor  10.00
Dr GST  input tax  0.60
Cr  Supplier         10.60

When receive cash from staff:
Dr Petty Cash         10.60
Cr GST output tax      0.60
Cr Other Debtor      10.00

Please advice. Thanks.

Asked on December 27, 2016 2016-12-27 10:18:18 Business (商家)
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10 Answer(s)

You credit the output tax when you received the cash from your staff since you have claim input tax earlier. You may issue tax invoice .

Answered on December 28, 2016. 2016-12-28 03:23:42

Means I no need to issue tax invoice to the staff, just key in the below entry? Please advice. Thanks.

When receive supplier’s invoice:
Dr Other Debtor  10.00
Dr GST  input tax  0.60
Cr  Supplier         10.60
When receive cash from staff:
Dr Petty Cash         10.60
Cr GST output tax      0.60
Cr Other Debtor      10.00

on December 28, 2016. 2016-12-28 03:29:14

Hi Expert, I was advised to amend the entry.

When receive supplier’s invoice:
Dr Other Debtor  OP 10.60
Cr  Supplier         OP 10.60
When receive cash from staff:
Dr Petty Cash    OS     10.60
Cr Other Debtor     OS  10.60

May I have your comment? Thanks.

on March 22, 2017. 2017-03-22 10:24:02
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Yes.  But for accounting purposes / records, you need some form of documentation for your transaction.  Just issue a normal invoice or memo will do.

Answered on December 28, 2016. 2016-12-28 04:57:05

Noted with thanks.

on December 28, 2016. 2016-12-28 05:34:01
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can i issue tax invoice with tax code OP for RM 10.60?

Answered on March 7, 2017. 2017-03-07 04:35:03
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No.

Answered on March 7, 2017. 2017-03-07 07:29:17

Tq

on March 7, 2017. 2017-03-07 07:42:19

what is the tax code?..

on March 7, 2017. 2017-03-07 07:49:14
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OS

Answered on March 7, 2017. 2017-03-07 08:07:24

If Zida follow entries as per below, then should use SR.  Right?

When receive supplier’s invoice:
Dr Other Debtor  10.00
Dr GST  input tax  0.60
Cr  Supplier         10.60
When receive cash from staff:
Dr Petty Cash         10.60
Cr GST output tax      0.60
Cr Other Debtor      10.00

on March 7, 2017. 2017-03-07 08:43:35
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Yes.

Answered on March 7, 2017. 2017-03-07 09:07:26
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Hi Expect, Staff using company courier service account to send personal parcel to India.
Gdex bill company ZP. We receive cash from staff and wrongly key in ZRL.
Kindly advice how to do adjustment.  Thanks.

When receive supplier’s invoice:
Dr Other Debtor  10.00 ZP
Cr  Supplier         10.00
When receive cash from staff:
Dr Petty Cash         10.00
Cr Other Debtor      10.00 ZRP

Answered on March 10, 2017. 2017-03-10 04:08:05
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If this error / mistake is done during the taxable period then you can amend it through Form GST-03 but if this is after the taxable period then you need to get approval from the GST Officer at the Customs near your place.

Answered on March 10, 2017. 2017-03-10 07:21:14
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Then you have to get approval from the GST Officer at the Customs near your place. If you get their approval you will not be penalized.

Answered on March 10, 2017. 2017-03-10 09:56:54
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This is the time you have to explain to the GST Officer about the error and seek their approval to amend.  You are allow to amend once and not more than that.

Answered on March 11, 2017. 2017-03-11 00:12:57
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