GST Guide on Declaration and Adjustment After 1st September 2018

On 18 August 2020, customs did issue a revised guide on GST declaration and adjustments.

The area of concern are as follows:-

(1) Registered person’s liabilities under the repeal GST Act

(2) Bad debts relief claimed in GST era and subsequently recovered from customers

(3) Adjustment for outstanding amount due to suppliers, where input tax claimed but not amount not paid within six months period from the tax invoice date.

(4) Proper record keeping for at least 7 years from 31 December 2018.

Customs may conduct GST audit for those businesses that claimed and received GST refund.

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