SAGE GST – KL Sage UBS | KL Accounting & Billing Software | Sage MalaysiaSage UBS | KL Accounting & Billing Software | KL Sage Malaysia


When will I get my GST enabled software?

As per our earlier announcement, Sage UBS and Sage 50 products have been duly certified by JKDM. There are very specific changes to the software to support the more important requirements from JKDM especially calculating the proper GST to be applied, the GST return as well as the GAF which is the GST audit file.

The implementation of GST as per current information is still in April 1, 2015, however, we understand that a lot of companies would like to test and try these features and start their preparation. Therefore our 1st release of GST features, as per the requirements of JKDM will be in May.

What does this mean?

1. If you have an active Sage Cover contract, your update will be automatic via our online update facility that will give you non-intrusive, silent update in the background via the internet. By default the GST features are not turned on. This is to ensure that there is no disturbance to your current working environment. Information and details will be further provided during this future release.

2. If you do not have an active Sage Cover contract, you will need to purchase an upgrade. By having this upgrade, your Sage Cover contract is active again and you will continuously receive all future updates to your product, as long as Sage Cover is active.

Why online update is important?

We are expecting that continuous changes will be made as JKDM and we ourselves get ready for GST. Having an online update facility will ensure that any updates to your product that is necessary will be delivered to you, seamlessly, with as little intrusion as possible to your daily work. We already enjoy such simple and smart implementations in our everyday life such as updates on our smartphones as well as PCs and also cars! Have the peace of mind to just focus on your business while we take care of the rest.

In addition to the convenience, this will mean that it is not necessary to ask or have someone to delivery a CD to you nor require a person to update the software for you, saving you both time and cost.

Where do I start?

1. Get your GST knowledge. You can only handle and understand what you know therefore it is imperative that you have at least the basic GST knowledge. This of course is not limited only to the accountant but to all aspects of the business as it will impact your pricing, operations and work processes as well. Get a quick start with our GST 101 essential GST training.

2. Get automated. If you are reading this, you are well on your way to getting yourself automated with software. Due to the fact that GST is highly transactional, which means that it is tracked per invoice, it is highly suggested that you automate your business process. The documentation requirements are high and you do not want to be on the bad end of the law.

3. Get implemented. Sage will be announcing an implementation workshop for GST which will take you on a a step by step journey on getting yourself ready for GST. Look out for the first launches of GST 201.

For more information on GST related information, send us an enquiry. (Find the information enquiries box at the bottom page)

Why add the Billing to Accounting?

The purpose of our strategic decisions is always in consideration of our customers first. Given the coming implementation of GST in Malaysia, documentation is a very important factor, especially in invoicing, namely the tax invoice. We believe that providing a fundamentally essential tool to our customers is the least we can do to ensure and execute our responsibility to our customers and market.

GST Act – Section 33 Issuance of a Tax Invoice

A Tax Invoice allows a buyer to claim for Input Tax Credit.(ITC)

The following criteria must be fulfilled for a proper Tax Invoice.

  • The word Tax Invoice is in a prominent place.
  • The invoice is a serialized number.
  • The date of the invoice issuance.
  • The name, address, GST identification number of the supplier.
  • The name of the address of the buyer.
  • The description sufficient to identify the goods and services supplied.
  • For each description, the quantity of goods or the extend of all the services and the amount payable including tax.
  • Any discounts offered.
  • The total amount payable excluding tax, the rate of the tax, and the total chargeable to be shown separately.
  • The total amount payable including the tax chargeable.
  • Any amount if converted into Malaysian currency (RM) if expressed in a foreign currency.
  • State separately the gross total amount payable in respect of each supply and rate. (i.e. separate amount for exempt, zero, standard or other supplies)

Lost or Misplaced Tax Invoices

  • 128. If a tax invoice is lost or replaced, a recipient may request the supplier to issue a replacement copy of the tax invoice marked as “COPY ONLY” or “DUPLICATE.” This procedure is necessary to enable the recipient to meet the documentary requirement for claiming input tax.
  • Print Control

GST Act – Section 35 Credit Note and Debit Note

  • No skipping /missing serial numbers used.
  • All adjustments must be handled via the issuance of Credit/Debit Notes
  • Reason appropriately applied.
  • Linked Tax Invoice number and date

What does it mean for me?

  • If you have an active Sage Cover contract, congratulations. You will be getting a FREE billing module in the next 2-3 months. We will be updating you on instructions on how you will be updated with this new feature. Please remember to keep your Sage Cover contract active to enjoy the benefit.
  • If your Sage Cover has lapsed, you will need to upgrade your software license. We are already providing an upgrade from Accounting direct to Accounting & Billing for the same price. Take advantage of the current 50% promotion in April to get yourself up to par for GST.

“We were very satisfied with the performance
of WaTEC Solutions be it their sales team
and their solutions.” –
Eddie Soo, Managing Director