File Your Tax Returns Accurately and Be GST Compliant Using Deskera ERP
Deskera ERP is Royal Malaysian Customs Department (RMCD) approved accounting software and covers all the aspects related to audit processes as conducted by the RMCD. The accounting software helps companies furnish all required accounting information as mentioned in the GAF (GST Audit File). This facilitates businesses to provide correct tax declaration to the RMCD and make the audit processes easier and hassle-free.
Compliance with GST Requirements Made Easier
Deskera ERP allows companies to easily produce tax invoices, credit note/debit notes, self-billed invoices, and other related documents as mandated by GST. Deskera accounting software enables businesses to produce all accounting information to auditors using less time and effort. The interactive software enables businesses to account all output tax and input tax on accrual basis of accounting, i.e. all output tax and input tax are claimed based on the time when the invoice was issued or received.
Automated Generation of GAF file
Deskera ERP helps businesses generate all operational and financial information which are used to generate a GST Audit File (GAF) report. The GAF report contains all the necessary information required by the RMCD to conduct audits of GST accounts. The accounting software enables companies to generate GAF file in XML and in bar delimited formats and create GAF for all auditable information in different ways. Data can be captured from a single source or multiple sources using Deskera ERP which facilitates easy generation of GAF.
Capturing Key Data Elements as Mandated by RMCD
Deskera ERP maintains key data elements used for the generation of GAF files such as business name, BRN, GST number, GAF version, supplier name, supplier BRN, tax code and more. Businesses can capture and maintain these data elements in a consolidated form and in accordance with best record-keeping practices.
Mapping of GST Codes for Purchase & Supply Transactions
Deskera ERP facilitates maintenance of correct GST codes for all purchase and supply transactions. This helps businesses in the correct declaration for GST-03 return helpful for efficient record keeping. The accounting software ensures that a detailed GST Form 3, with a separate breakdown of supply and purchase, is generated with ease.