Forgive me, I’m not fluent in English.
As per title, I found out the Manager’s way of accounting treatment in GST are a bit different of how Malaysia does it.
We have GST Output (collected from taxpayer in trust to pay to Royal Malaysian Custom Department) which will be in credit and GST Input ( for claims to be net off from purchase that includes GST 6% in debit.)
Depending either which is amounted more than the other, it will be net off to Custom Payable (Tax Payable) or Custom Claimable (Tax Claimable) which I expect it to be there under asset control account.
Can this accounting treatment be implement in Manager?
Or is there other way to do it that I didn’t know of?