What is GAF?
GAF is GST Audit file. It is a file that Malaysian tax payer needs to submit in response to an audit request. The file needs to include all accounting information needed for auditing purposes. Information required includes company's supply and purchases, general ledger transaction, company name and identification.
Tax payer who needs to submit GAF can submit it using two types of files: Bar-Delimited-File and XML file. Types of files were limited to these two types is to ensure that all information will appear the same to auditors.
When and why do we need to submit GAF?
Businesses do not need to submit GAF regularly or as part of their monthly filling to the Royal Custom. However, the Royal Custom officer may request for the GAF for auditing purposes. Submission of the GAF is only required upon request. From time to time, the Royal Custom will conduct audit on businesses to ensure that a correct tax declaration is made by the tax payer. It is the taxpayer responsibility to ensure all information in the GAF is correct, true and complete.
The GAF is needed for the Royal Custom to audit on the accuracy of GST return.
GAF in TreezSoft
It will be tedious and almost impossible to prepare the GAF manually when requested by the government due to the specific format required for GAF.
TreezSoft cloud accounting provides a quick and easy solution. You can generate a GAF by just a few clicks and leave the rest of the work to our TreezSoft system. Our system will automatically calculate and record all the required information for GAF. In such, you can also reduce human errors which in turn reduce chances of you being penalize due to these errors.
To generate and download the GAF, navigate through: Tax > Tax Return, and select the taxable period.
Then click on Download > Download GAF (either Bar Delimited or XML file type).
You can read more on GST in TreezSoft by visiting these links:
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