GST
Inactive Tax codes
For unused tax codes you can hide the tax codes from tax code selection by ticking the inactive setting. Under Settings -> Accounts -> Tax edit the tax code you want to hide tick 'Inactive'
GST Submission
Amount Payable to IRAS Once you have completed checking of your GST transactions using F5 Detail report, you may generate the GST F5 report for your submission to IRAS. In this scenario, your company has to make a payment of S$19,965.87 to IRAS. The ...
Default Tax Code selection
The system has 3 methods for automatically selecting a tax code during document creation time. the auto selection of tax code impacts on new documents, editing or duplicate existing document the auto selection has a different impact. Please take note ...
Tax registration module changes
With the release of the new GST rate updates new changes have been added to the tax registration module. These restrictions have been added to reduce user level errors: 1. new tax code can not be added by user. the module will now disallow creation ...
Manual Tax code creation
For on-premises users who are unable to get the GST rate change update you can manually create a new tax code. Please note that if you receive the update after you have manually created the tax code, it will be over written with the system's version ...
Changes to GST Post
To make changes inside a GST Locked period, you will have to enable the following setting: Once enabled, anyone may add/edit transactions within GST Locked period. You may consider setting Authorisation Password. Users will be prompted to enter a ...
GST Rate Change
On 1st Jan 2024 the GST rate will be changed. OCi will push out the new set of tax code to systems with active maintenance plans. Existing Tax codes on system will still remain. Actions on User side: Users will need to verify that the chart of ...
GST Registered Company Setup
Here are the steps users must do in SAM once GST-registered: Ensure GST Registered checkbox is ticked, and update the fields in this section Open "Document Setting Import" module and click on "Get Document". Once the list is populated, click ...
GST API Role requirements.
To use GST API the user will need the 'F5SUBMIT' role. The role is needed to have the option to submit the F5 information to IRAS. Maintenance -> Access Control -> User (Cross Company)
GST API Frequently Asked Questions.
With regard to the SingPass session, will the system accept chunks of data which are sent over different SingPass sessions (e.g. timeout) The SingPass token is validated at the start of the transmission. Should the token expire during the ...
My courier paid GST on my behalf, how do I make the entry?
[Correct Example]: Paying Delivery fee (including GST) + the GST of the Goods being delivered. Enter a negative amount of the Price of Goods. Leave the Tax column empty, this is so that GST will not be included for that row. Price ...
GST available dates.
For SAM system, We have improved on the GST portion of the system. The date range available for report generation depends on the last lock period. base on the last lock period you can generate reports 5 years into the past and 1 year into the future. ...
GSTADMIN role
For SAM system, we have added a new role. GSTADMIN. the purpose of the role is to lock the GST period. User roles can be assigned by going Maintenance -> Access control -> User Edit the user that you want to assign the role. tick 'GSTADMIN' click ...
GST F5 values and Trail Balance/GL
F5 values may not match up with what the values from the TB or GL. this due to the values included in the F5. Entries that go into the F5. New transaction that have been created with the post date in the current period. New transaction that have been ...
GST Optimizations
In order to improve GST performance we have made changes to the GST workflow. Key Changes Once locked, the GST period cannot be unlocked.There are no more commit/uncommit buttons. Transactions that are created with a post date in a GST locked period, ...