GUIDE TO ENHANCE YOUR ACCOUNTING SOFTWARE TO BE GST COMPLIANT
As at 11 SEPTEMBER 2014
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Copyright Reserved © 2014 Royal Malaysian Customs Department.
TABLE OF CONTENTS
INTRODUCTION ......................................................................................................... 1
IMPORTANCE OF ACCOUNTING SOFTWARE FOR BUSINESSES ....................... 1
GUIDANCE FOR SOFTWARE DEVELOPERS .......................................................... 2
General Principles ................................................................................................... 2
Provide the issuance of tax invoices as well as credit / debit notes in
compliance with GST legislation .............................................................................. 2
Provides a reporting facility for the generation of information necessary to
prepare tax returns .................................................................................................. 2
Provides comprehensive documentation to assist auditors and users to
understand how the system operates ...................................................................... 3
Incorporates adequate internal controls to ensure reliability of the data being
processed ................................................................................................................ 3
Creates adequate audit trails to assist auditors to understand the flow of
events and reconstruct the events if necessary ....................................................... 4
Has in place archival and restoration of archived data mechanisms that
ensure the integrity and readability of electronic records after an extended
period ....................................................................................................................... 5
Contains key data elements necessary for business ............................................... 5
Allows production of GST Audit File (GAF) by non-specialists (staff who do
not has an IT background) ....................................................................................... 5
GST SPECIFIC ISSUES ............................................................................................. 7
Tax Invoice .............................................................................................................. 7
Credit Note / Debit Note ........................................................................................... 7
Purchase Listing ...................................................................................................... 8
Supply Listings......................................................................................................... 9
CONCLUSION ............................................................................................................ 9
