A Personal Finance Blog for Malaysian: GST Tax Codes

Monday, August 4, 2014

GST Tax Codes


Recommended Tax Codes for Goods & Services Tax

GST Tax Codes for Purchases

GST code Rate Description
Source: Jabatan Kastam Diraja Malaysia
Appendix 2 - Guide to enhance your accounting software to be GST Compliant
Draft as at 13 March 2014
TX 6% GST on purchases directly attributable to taxable supplies.
IM 6% GST on import of goods.
IS 0% Imports under special scheme with no GST incurred (e.g. Approved Trader Scheme, ATMS Scheme).
BL 6% Purchases with GST incurred but not claimable (Disallowance of Input Tax) (e.g. medical expenses for staff).
NR 0% Purchase from non GST-registered supplier with no GST incurred.
ZP 0% Purchase from GST-registered supplier with no GST incurred. (e.g. supplier provides transportation of goods that qualify as international services).
EP 0% GST exempt purchases
OP 0% Out of scope purchases

GST Tax Codes for Supplies (i.e. Sales)


GST code Rate Description
Source: Jabatan Kastam Diraja Malaysia
Appendix 2 - Guide to enhance your accounting software to be GST Compliant
Draft as at 13 March 2014


SR 6% Standard rated GST supplies
ZRL 0% Zero rated supply of goods or services locally.
ZRE 0% Export of zero rated goods or services
DS 6% Deemed supply. Transfer or supply of business assets without consideration.
OS 0% Out of scope supplies
ES 0% Exempt supplies
RS 0% Relief supplies
GS 0% Disregarded supplies
AJS 6% Adjustment made to output tax, e.g. bad debt relief claim.
With the GST compliant versions of MYOB, Accounting v20 and Premier v15, these tax codes have already been setup for you.