TAX INVOICE
1. Q : Do you need to make amendments to the tax invoice to standard rate 0%?
A : Yes, tax invoices need to be issued and the standard rate of 6% is changed to standard rate 0%.
2. Q : I made a supply after 01 June 2018 and charged GST at standard rated of 6%. Tax invoice was issued to the buyer. This means I have MISTAKENLY charged GST. Do I have to account for tax at standard rate of 6%?
A : 1. Yes. If a credit note CANNOT be issued to the buyer, GST at standard rate of 6% should be accounted for.
2. If a credit note can be issued and the company has accounted for the GST, the company may make adjustments via GST-03.
3. Q : I have sold goods and have issued a tax invoice on 01 May 2018. The item was returned by the buyer on 30 June 2018. Should credit note be issued at a standard rate of 6% or a standard rate of 0%?
A : Credit note should be issued at standard rate of 6% because it relates to a tax invoice that was issued on 01 May 2018.
4. Q : I have sent my goods to the buyer on 25 May 2018. What is the GST treatment if the tax invoice is issued on 01 June 2018?
A : GST should be charged at standard rate of 6%.
4.5. Q : I have performed my services to the recipients on 25 May 2018. What is the GST treatment if the tax invoice is issued on 01 June 2018?
A : GST should be charged at standard rate of 6%.
6. Q : The goods were supplied on 15 June 2018. Tax invoice has been issued before 01 June 2018. However, payment was made after 01 June 2018. What is the GST treatment?
A : GST standard rate of 0%.
7. Q : The services were performed on 15 June 2018. Tax invoice has been issued before 01 June 2018. However, payment was made after 01 June 2018. What is the GST treatment?
A : GST standard rate of 0%.
8. Q : Tax invoice was issued on 15 June 2018 in respect of utility services granted from 15 May 2018 to 14 June 2018. What is the GST treatment on this supply?
A : GST should be charged at 6% up to 31 May 2018. From 01 June 2018, GST should be charged at standard rate of 0%. Utility companies should make adjustments in subsequent bills. FAQ 30 May 2018 3
9. Q : A company supplied goods / services before 01 June 2018. Tax invoice will be issued within 21 days from the date of delivery of the goods / services being performed. What is the GST treatment and tax code that need to be used for such supply?
A : GST should be charged at standard rate of 6% and the tax code to be used is SR (6%).
10. Q : The company has supplied goods / services before 01 June 2018 and full payment has been received. The tax invoice will be issued after 01 June 2018. What is the GST treatment on such supply?
A : GST should be charged at standard rate 6%.
11. Q : What is the GST rate on the self-billed invoice issued on or after 01 June 2018?
A : The GST is standard rate of 0% in self-billed invoice.
12. Q : Starting from 01 June 2018, does application for simplified tax invoice need to be made?
A : Yes.