Maintain GST Tax codes | SQL Account
Tax code mapping for GST related transactions and GST accounting entries are new to most of the accounting personnel in Malaysia. Knowledge of the 23 recommended tax code and correct setup at the initial stage is crucial to ensure the correctness of GST return submission.
We would like to introduce the 23 recommended tax codes for your reference. The tax codes listed are recommendations to allow proper classifications of typical purchase and sales scenarios encountered by GST-registered businesses for the purpose of GST. The list is not intended to be prescriptive nor comprehensive.