GST (Goods and Services Tax) shall be levied and charged on the taxable supply of goods and services made in the course or furtherance of business in Malaysia by a taxable person. It is crucial to issue correct and proper Tax Invoice to customer for companies registered under the GST system. It acts as the primary evidence to support an Input Tax Credit claim. It is compulsory to issue a tax invoice showing the amount of GST charged and the price of the supplies separately.
There are TWO TYPES of Tax Invoices:
- Full Tax Invoice
- Simplified Tax Invoice
Simplified Tax Invoice is usually used by retailers who generate vast amount of invoices everyday to the end consumers such as supermarket, restaurants, petrol kiosks and other point of sales outlets. It is able to take form of an invoice, receipt or voucher with the necessary information of a simplified tax invoice.
Simplified Tax Invoice without recipient’s name and address can also be used to claim input tax. However, the maximum amount of claimable tax is RM30.00. If the recipient wants to claim the full amount of input tax (more than RM30.00) a Full Tax Invoice would be more appropriate as it includes both recipient’s name and address.
Do not hesitate to contact us if you have any inquiry regarding our POS Goods and Service Tax (GST) Invoice Receipts.
KK Leong: +6014 602 8442
PG Office: +604 642 0621
KL Office 2: +603 7980 1388
JB Office: +607 361 8927
BMO POS System is now offering Tax Invoice Receipt with necessary built-in features that can be customized based on your business preferences.
Features that are supported in both tax invoice receipts:
- Tax (Enable/Disable)
- Inclusive Percentage
- Inclusive Amount
- Extra Discount
- Service Charge (Enable/Disable)
- Payment History
- GST Total Tax
- Total Including GST
- GST Summary