What is SST return?
SST-02 is a form used by the SST tax authorities to access tax liability. It is a form which allows the tax payer to report tax information like their expenses, income and other pertinent tax related information. Tax payers are required to file SST return every 2 months.
How to declare SST return in TreezSoft?
TreezSoft cloud accounting software is SST ready. Our system helps simplify your SST return submission in Malaysia. This is the same for what we did for our clients for their GST return. You can use our system to conveniently declare SST return. The form to submit SST return is SST-02. TreezSoft uses series of intergration and automation processes to ensure all records in the system will be accurate and up-to-date at anytime you view or retrieve. Hence, you can be sure that your SST-02 return reports are always up-to-date.Our system will integrate all related figure to the respective column in SST-02 form so that you don't have to manually calculate the amount for each column in the form.
To declare SST return simply go to Tax Return (under the Tax module) by navigating through: Tax > SST > SST Return
Please click the "New Declaration" button the screen for List of SST Return.
Then select Taxable Period and click on "Process" at the next screen (as shown below).
This screen displays the Supply and Purchase amount that occurred during the taxable period, group by SST tax code.
The second tab on SST-02 declaration screen (screenshot below) is the details of all Supply and Purchase transactions that occurred during the taxable period.
You will be able to do cross checking easily from this screen. You can click into each hyperlink to be directed to the document listed.
The last tab of SST return screen is the SST-02 form (screenshot below). All amounts will be automatically calculated for you and will be filled in to their respective column.
You can then easily copy and paste these figures when filling in your SST-02 form in the MySST website.
Note: The system will prompt you if there is any outstanding documents that need your attention.
If processed successfully, you may review all the amount in the form and save the processed record as draft. You can always come back to this record if there's any new transaction that is required to be reprocess again.
After you are satisfied with all the figures, click on submit button AFTER you have declared SST at the custom's website.
For the time being, you can use the figure in the SST-02 form produced in TreezSoft as a reference for you to fill up SST return form in the custom until further information is released by the custom department to allow uploading SST-02 form in the TreezSoft SST return screen.
To summarize, you just have to enter your daily business transaction as usual and select the respective tax code according to their category in SST, then, let the system organize and calculate all the amount for you. You can easily submit your SST return form using all the information given in TreezSoft.
For detailed information on how to set up SST in TreezSoft, you can go to our blog post: New Updates on SST!!!
You can also visit the links below to read more on SST related topics in TreezSoft:
TreezSoft is a cloud accounting software for Small and Medium-sized Enterprises (SMEs). It allows you to access your financial information anytime, anywhere. It also allows you to have unlimited users for FREE for your account in TreezSoft. Our aim is to help reduce our clients' time spent on accounting mainly by using our automated processes and integration to help increase their company effeciency at a minimum costs. SMEs can use TreezSoft to keep track their expenses, accounts, daily operation e.g. Point of Sales (namely QPOS) system and etc.
Visit TreezSoft at http://www.treezsoft.com/ to sign up for a 30 days trial account with us!
You can also email us at [email protected] for more enquiries.