9.05 GST on Deposit and Full Payment received before the Tax Invoice date

Full deposit amount received and the tax invoice raised in next month.

Example1,

01/03/2014 received the deposit RM 1060.00, but total tax invoice amount RM 1060.00 raised at 15/04/2014. Therefore, you must declare the GST Output Tax as follows:-

01/03/2014 Deposit = RM 1060.00 (inclusive GST 6%. RM 60.00)

15/04/2014 Invoice = RM 1060.00

Output tax (in March 2014) = RM 60.00 ((6/106) x RM 1060.00)

However, if the deposit amount received is lesser than invoice amount. Last payment received before the invoice date.

Example 2,

01/03/2014 received the payment RM 1060.00 and 15/04/2014 last payment received RM 530.00 ,but total tax invoice amounted

RM 1590.00 raised at 15/05/2014. Therefore, you must declare the GST Output Tax as follows:-

01/03/2014 Deposit = RM 1060.00 (inclusive GST 6%. RM 60.00)

15/04/2014 Last Payment = RM 530.00 (inclusive GST 6%, RM 30.00)

15/05/2014 Invoice = RM 1590.00

Output tax (in March 2014) = RM 60.00 ((6/106) x RM 1060.00)

Output tax (in April 2014) = RM 30.00 ((6/106) x RM 530.00)