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GST Malaysia Bad Debt Recovered / Relief

Oct 19, 2017 at 11:24 AM

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Dear Community Memebers,

I am struggling with the handling of GST for Bad Debt in Malaysia. My understanding is, that in the case of Output GST the declared amount of an invoice could be claimed after six months if the invoice is not paid by the customer (the same applies vice versa for vendors).

I wonder why I can't find any note or any discussion related to the posting and reporting of these values. Obviously it is possible to post the values with separate tax codes but I would expect a report to evaluate the figures and if possible even post it. I already worked with VAT due dates in some countries and with Deferred tax in France but this seems to me a different case since the GST was originally declared and will be claimed after 6 months (and possibly paid once more if the customer pays.

If anyone solved this problem before: how did you do and what is the sequence of reports & postings

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