GST - Revision history

Khkoh: /* Chnage of GST */

2025-11-07T06:41:58Z

Chnage of GST

← Older revision		Revision as of 14:41, 7 November 2025
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	'''Note:''' This configuration can also be used for sales invoices. If you need to invoice both taxable and non-taxable products or services in a single sales invoice, follow the same steps above, but instead of creating a purchase bill, create a sales invoice.		'''Note:''' This configuration can also be used for sales invoices. If you need to invoice both taxable and non-taxable products or services in a single sales invoice, follow the same steps above, but instead of creating a purchase bill, create a sales invoice.

			=== Summary ===

			# Setup the tax types.
			# Setup the tax groups.
			# If the user's entity is not yet a GST registered company, then, it is strongly recommended to setup the tax types, tax groups

	[[#Top\|<u>Go to Top</u>]]		[[#Top\|<u>Go to Top</u>]]

Khkoh: /* Customer or supplier not subjected to GST */

2025-11-07T06:38:54Z

Customer or supplier not subjected to GST

← Older revision		Revision as of 14:38, 7 November 2025
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	=== Customer or supplier not subjected to GST ===		=== Customer or supplier not subjected to GST ===

			# If user's entity is not a GST registered company, then it is by law not allow to charge GST to their customers.
			# Similarly, if user's supplier is not a GST registered company, then the buyer or the user's entity does not need to pay GST to the supplier.

	=== Products not subjected to GST ===		=== Products not subjected to GST ===

Khkoh: /* Item Tax Exemption Setup */

2025-11-07T06:33:26Z

Item Tax Exemption Setup

← Older revision		Revision as of 14:33, 7 November 2025
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	#* Orange Pen – ZR @0% GST (Zero-Rated)		#* Orange Pen – ZR @0% GST (Zero-Rated)
	#* Green Pen – NA @0% GST (Not Applicable or Exempt)		#* Green Pen – NA @0% GST (Not Applicable or Exempt)
	#'''Note:''' When setup a product item with proper tax type, it is important to setup the item tax correctly. '''<u>Each product should ~~have~~ ONLY 1 GST tax type for Sales and 1 GST tax type for Purchase respectively.</u>''' Please see below Example 1 for setting up a product with proper Input Tax and Out Tax.		#'''Note:''' When setup a product item with proper tax type, it is important to setup the item tax correctly. '''<u>Each product should be assigned with ONLY 1 GST tax type for Sales and 1 GST tax type for Purchase respectively.</u>''' Please see below Example 1 for setting up a product with proper Input Tax and Out Tax. If the user's entity is not GST registered, then the customer's profile should be setup with
	# Another example is a telecommunications bill with different types of GST applied. This can be easily pre-configured, so that future entries follow the defined setup. We will show how taxes can be configured for a telco bill (See "'''Example: Processing Multiple GST Types in One Invoice"''' below).		# Another example is a telecommunications bill with different types of GST applied. This can be easily pre-configured, so that future entries follow the defined setup. We will show how taxes can be configured for a telco bill (See "'''Example: Processing Multiple GST Types in One Invoice"''' below).
	#* Overseas calls – No GST		#* Overseas calls – No GST

Khkoh: /* Item Tax Exemption Setup */

2025-11-07T06:06:43Z

Item Tax Exemption Setup

← Older revision		Revision as of 14:06, 7 November 2025
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	#* Orange Pen – ZR @0% GST (Zero-Rated)		#* Orange Pen – ZR @0% GST (Zero-Rated)
	#* Green Pen – NA @0% GST (Not Applicable or Exempt)		#* Green Pen – NA @0% GST (Not Applicable or Exempt)
	#'''Note:''' When setup a product item with proper tax type, it is important to setup the item tax correctly. Each product should have 1 GST tax type for Sales and 1 GST tax type for Purchase respectively. Please see below Example 1 for setting up a product with proper Input Tax and Out Tax.		#'''Note:''' When setup a product item with proper tax type, it is important to setup the item tax correctly. '''<u>Each product should have ONLY 1 GST tax type for Sales and 1 GST tax type for Purchase respectively.</u>''' Please see below Example 1 for setting up a product with proper Input Tax and Out Tax.
	# Another example is a telecommunications bill with different types of GST applied. This can be easily pre-configured, so that future entries follow the defined setup. We will show how taxes can be configured for a telco bill (See "'''Example: Processing Multiple GST Types in One Invoice"''' below).		# Another example is a telecommunications bill with different types of GST applied. This can be easily pre-configured, so that future entries follow the defined setup. We will show how taxes can be configured for a telco bill (See "'''Example: Processing Multiple GST Types in One Invoice"''' below).
	#* Overseas calls – No GST		#* Overseas calls – No GST

Khkoh: /* Tax Group Setup */

2025-07-29T03:55:02Z

Tax Group Setup

← Older revision		Revision as of 11:55, 29 July 2025
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	=== Tax Group Setup ===		=== Tax Group Setup ===

	A Tax Group is used during the setup of customer or supplier profiles. It serves as a way to group multiple tax types (whether for sales or purchases) into a single, manageable entity. This is especially useful when dealing with products or services that are subject to different tax codes.		A Tax Group is used during the setup of customer or supplier profiles. It serves as a way to group multiple tax types (whether for sales or purchases) into a single, manageable entity. This is especially useful when dealing with products or services that are subject to different tax codes depending on the products. To use such features, user must understand and familiar with the tax regurations. Below are 2 scenarios that might need to consider if you should set up a tax group with multiple tax types:

			=== Customer or supplier not subjected to GST ===


			=== Products not subjected to GST ===
	Highnix's Tax Group feature helps reduce human error by automating tax application during transactions. Since the tax group is assigned at the customer or supplier level by authorized personnel, it prevents users from accidentally selecting incorrect tax types when entering sales or purchase transactions.		Highnix's Tax Group feature helps reduce human error by automating tax application during transactions. Since the tax group is assigned at the customer or supplier level by authorized personnel, it prevents users from accidentally selecting incorrect tax types when entering sales or purchase transactions.

Khkoh: /* Example 1: Setup a Product with Proper Input Tax and Output Tax */

2025-06-16T04:44:16Z

Example 1: Setup a Product with Proper Input Tax and Output Tax

← Older revision		Revision as of 12:44, 16 June 2025
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	!'''Purchase'''		!'''Purchase'''
	\|-		\|-
	\|~~Prod 1~~		\|redpen
	\|SR		\|SR
	\|TX		\|TX
	\|-		\|-
	\|~~Prod 2~~		\|organgepen
	\|ZR		\|ZR
	\|ZP		\|ZP
	\|-		\|-
	\|~~Prod 3~~		\|greenpen
	\|NA		\|NA
	\|TXNA		\|TXNA/NA
	\|-		\|-
	\|Prod 4		\|Prod 4

Khkoh: /* Example 1: Setup a Product with Proper Input Tax and Output Tax */

2025-06-16T04:40:27Z

Example 1: Setup a Product with Proper Input Tax and Output Tax

@@ Line 50: / Line 50: @@
 === Example 1: Setup a Product with Proper Input Tax and Output Tax ===
 # Setup the Tax Types and Tax Groups as described in the earlier sections. In this example, we use 3 products: redpen, orangepen, and greenpen.
-# Identify the GST treatment for both Sales and Purchase of each product. Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.
+# Identify the GST treatment for both Sales and Purchase of each product (See Table 1 below). Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.
 ## redpen: Sales GST = SR @9%, Purchase GST = TX @9%
 ## orangepen: Sales GST = ZR @0%, Purchase GST = ZP @0%
@@ Line 72: / Line 72: @@
 ## Click on the '''Update''' button to save.
 # Once all the above setups are complete, you can proceed to create a sales invoice. The system will automatically apply the correct GST based on the product’s Item Tax Type and the customer's Tax Group settings.
+'''<u>Table 1: Products with Sales and its corresponding Purchase tax codes:</u>'''
 [[File:Itemtaxsetup.png|none|thumb|800x800px|Fig 4. Screen showing how to update the item tax type for redpen.]]
 [[File:CustTaxGroup.png|none|thumb|800x800px|Fig 5. Customer Tax Group selection.]]

Khkoh: /* Example 1: Setup a Product with Proper Input Tax and Output Tax */

2025-06-05T10:31:53Z

Example 1: Setup a Product with Proper Input Tax and Output Tax

← Older revision		Revision as of 18:31, 5 June 2025
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	#* Local calls – TX @9% GST		#* Local calls – TX @9% GST

	==== Example 1: Setup a Product with Proper Input Tax and Output Tax ====		=== Example 1: Setup a Product with Proper Input Tax and Output Tax ===
	# Setup the Tax Types and Tax Groups as described in the earlier sections. In this example, we use 3 products: redpen, orangepen, and greenpen.		# Setup the Tax Types and Tax Groups as described in the earlier sections. In this example, we use 3 products: redpen, orangepen, and greenpen.
	# Identify the GST treatment for both Sales and Purchase of each product. Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.		# Identify the GST treatment for both Sales and Purchase of each product. Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.
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	[[File:CustTaxGroup.png\|none\|thumb\|800x800px\|Fig 5. Customer Tax Group selection.]]		[[File:CustTaxGroup.png\|none\|thumb\|800x800px\|Fig 5. Customer Tax Group selection.]]

	==== Example 2: Processing Multiple GST Types in One Invoice ====		=== Example 2: Processing Multiple GST Types in One Invoice ===
	'''I have a bill from a telco. Local calls are subject to GST, but overseas calls are exempt. These transactions are billed together. How do I set this up and record it?'''		'''I have a bill from a telco. Local calls are subject to GST, but overseas calls are exempt. These transactions are billed together. How do I set this up and record it?'''

Khkoh: /* Example 1: Setup a Product with Proper Input Tax and Output Tax */

2025-06-05T10:31:11Z

Example 1: Setup a Product with Proper Input Tax and Output Tax

← Older revision		Revision as of 18:31, 5 June 2025
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	#* Local calls – TX @9% GST		#* Local calls – TX @9% GST

	=== Example 1: Setup a Product with Proper Input Tax and Output Tax ===		==== Example 1: Setup a Product with Proper Input Tax and Output Tax ====

	# Setup the Tax Types and Tax Groups as described in the earlier sections. In this example, we use 3 products: redpen, orangepen, and greenpen.		# Setup the Tax Types and Tax Groups as described in the earlier sections. In this example, we use 3 products: redpen, orangepen, and greenpen.
	# Identify the GST treatment for both Sales and Purchase of each product. Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.		# Identify the GST treatment for both Sales and Purchase of each product. Assume the prevailing GST rate is 9%, and 0% for GST-exempt items. These rates may change over time.
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	[[File:CustTaxGroup.png\|none\|thumb\|800x800px\|Fig 5. Customer Tax Group selection.]]		[[File:CustTaxGroup.png\|none\|thumb\|800x800px\|Fig 5. Customer Tax Group selection.]]

	===Example 2: Processing Multiple GST Types in One Invoice===		==== Example 2: Processing Multiple GST Types in One Invoice ====

	'''I have a bill from a telco. Local calls are subject to GST, but overseas calls are exempt. These transactions are billed together. How do I set this up and record it?'''		'''I have a bill from a telco. Local calls are subject to GST, but overseas calls are exempt. These transactions are billed together. How do I set this up and record it?'''

Khkoh: /* Chnage of GST */

2025-06-05T10:30:39Z

Chnage of GST

← Older revision		Revision as of 18:30, 5 June 2025
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	== <span id="GST9">'''Chnage of GST'''</span> ==		== <span id="GST9">'''Chnage of GST'''</span> ==

	=== ~~'''~~Starting year 2024, the GST will be changed from 8% to 9%, how do I go about changing it?~~'''~~[[#GST9\|Tag:#GST9]] ===		===Starting year 2024, the GST will be changed from 8% to 9%, how do I go about changing it?[[#GST9\|Tag:#GST9]] ===
	The GST rate in Singapore will increase from 8% to 9% on January 1, 2024. GST-registered users can follow these simple steps to change the Sales and Purchase GST from 8% to 9%:		The GST rate in Singapore will increase from 8% to 9% on January 1, 2024. GST-registered users can follow these simple steps to change the Sales and Purchase GST from 8% to 9%: