GST (3)
We started our business on the second day of April. We were expecting to see less customers but to our surprise, customers came shopping as they were curious about GST. They asked for the receipt this time. Previously, they wouldn't bother any receipts..
As you can see, we have our GST registration number. If we were not registered, we wouldn't be able to charge the 6% GST. Also we wouldn't be able to apply for a tax refund from the Custom when the suppliers charged us GST.
Let's take a look at the receipt..
S stands for Standard-Rated products which the prices are inclusive of the 6% GST.
Z stands for Zero-Rated products which is 0% taxable.
You can see clearly the amount which is 6% taxable.
My cashiers are already well-versed about the concept of GST. Thus they are able to explain to customers who are unable to comprehend the system.
Well done, my people..
Well done to them!
ReplyDeleteThanks..
DeleteWell done to your people! Just a question, is it a must to have price tags that are inclusive of the 6% GST? In the receipt, if we want to check, we have to add up the price of the items with GST (marked S) and then minus 6% of it to get the original price to compare with the amount stated in "GST TA Amount" to check the amount.
ReplyDeleteIt would be easier to put the original price in the itemised listing and then add 6% GST to the total of those marked with S but I guess it must be a mandatory requirement from the government for to include the 6% GST in the price tag?
It's compulsory so we have no choice. Anyway, the receipt shows clearly the total original amount.
DeleteI went to some shops and saw that they put the original price tag without gst and the gst only appears at the end of the receipt and in the total so are these shops not following the government's directives?
DeleteNo idea about that. But we were told to include gst in those taxable products.
DeleteSo yes. A lot of people actually go shopping because they wanna know how this GST thing will work. :p
ReplyDeleteSome are still trying to understand how it works.
DeleteYour receipt is detailed.. At least people knows what items are under S and what is not.. Good job..But what about bread? I but bread (the ones with cream inside) and the price is already printed with 6% on the wrapper.. If your customers buy these bread, then you cannot charge another 6% at the lump sum hor..
ReplyDeleteThe 6% is inclusive so we don't include again.
DeleteYou always have many supporters in your blog and even your shop!
ReplyDeleteWe will have to get used to the GST otherwise the country will go bankrupt sooner. Let's see how the Tun M is doing.
Really thankful to all of you for the support to my blogs. Also thankful to our customers for their support to our shop. It takes time for everyone to get used to it.
DeleteOnly initially.. I am sure after some time, the customers wont bother anymore... Smooth job and well done!!
ReplyDeleteYes, when it's not new anymore, people will just accept it.
Deletewell done for a smooth transition!! you have given a very detailed receipt and I'm sure your customers have no complaints.. :)
ReplyDeleteThanks..it's the system that gives such detailed receipt. Thanks to the person who created it.
DeleteYou are very well prepared. Kudos
ReplyDeleteThanks..we work as a team.
DeleteWell done for all the efforts!!
ReplyDeleteThanks..can relax a bit now.
DeleteGST has started and there's a lot of confusion and chaos about it, hoho!
ReplyDeleteAs for us, no confusion but just complaints from customers.
DeleteThere are indeed a lot to learn about GST..especially on the reports that are required by custom.
ReplyDelete