Smart - Where to change tax code setting?

Effective date from 01/03/2024, government will expand service tax to cover logistics, brokerage, underwriting and karaoke, and will increase the service tax rate to 8%, but will maintain the 6% rate for services such as food and beverages and telecommunications. Service tax rate at 6% would also be imposed for parking and logistics, the Finance Ministry had said.

For SmartSQL it can’t be change

Below is the location for set the tax code setting (Smart Dynamod):

For Smart Dynamod: SST Malaysia -> Service Tax -> Setup -> Service Tax Tax Code

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: www.smart-bizsolution.com

SMART – MSME DIGITALISATION GRANT 2023

    

Get 50% or up to RM5,000 MSME grant with Smart
(* Limited quota only)

You are entitled to get 50% or up to RM 5,000 of the grant when you purchase new solutions from Smart.

Smart is one of the appointed Digitalisation Partner (DP) under the MSME Digitalisation Grant 2023 initiative for SMEs.

Eligible Products

• Smart Dynamod
• Smart POS

Applicant Eligibility

• The company is at least 60% owned by Malaysian.
• The company registered under SSM/PBT.
• The co-operative registered under Suruhanjaya Koperasi Malaysia (SKM)/Lesen Professional.
• Company/co-operative that has a minimum annual sales turnover of RM50,000.
• Company/Co-operative that has operated at least six (6) months.
• Not eligible for those who received Digitalisation Matching Grant before.

Document Required
> Complete application form.
> Copy of Identity Card or Passport of Director (s) / Partner (s) / Proprietor(s), Co-operative representative whichever is applicable.
> Copy of business registration licenses (SSM or other relevant forms) under the Companies Act 2016. SKM registration certificate for co-operative.
> Company’s bank statement for the last two (2) months OR audited financial report OR latest account statement.
> Invoice/billing from authorized Digitalisation Partner like Smart.

Application Workflow
1) MSMEs submit application online.
– Bank/financial statements.
– IC.
– Purchase invoice.
– etc.

2) Eligibility check & KYC.

3) MSMEs make payment to Digitalisation Partners (DPs).
– MSMEs required to make payment within 30 days.
– Digital payments (via platform) simplify reconciliation.
– Payments directed to BSN CASA account.

4) DPs deliver service & submit claims.
– DPs can submit claims post service delivery.

5) BSN disburses grant to DP.
– Grants disbursed to BSN CASA account.

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: www.smart-bizsolution.com

LHDN introduce e-Invoice in 2024

 Introduction

An e-Invoice is a digital representation of a transaction between a supplier and a buyer. e-Invoice replaces paper or electronic documents such as invoices, credit notes, and debit notes.

An e-Invoice contains the same essential information as traditional document, for example, supplier’s and buyer’s details, item description, quantity, price excluding tax, tax, and total amount, which records transaction data for daily business operations.

Benefits of e-Invoice
The implementation of e-Invoice not only provides seamless experience to taxpayers, but also improves business efficiency and increases tax compliance. Overall benefits include:

• Untitled Invoicing process.
  – Streamlining of transaction document creation and submission, and automation of data entry for transaction made.
• Facilitated tax return filling.
  – Seamless system integration for efficient and accurate tax reporting.
• Enables streamlining of operations.
  – Enhanced efficiency and significant time and cost savings for larger business.
• Digitalized financial reporting.
  Aligns financial reporting and processes to be digitalized with industry standard for micro, small and medium sized enterprises.

Overview of e-Invoice

Source: https://www.hasil.gov.my/en/e-invoice

e-Invoice Implementation Timeline.

Sample E-Invoice

Reference

1. Seller’s & Buyer’s Tax Identification Number (TIN)
2. Company / Business Registration Number
3. E-Invoice Date
4. E-Invoice Unique Serial Number
5. Product Code (Barcode / QR)
6. Product / Service Description
7. Transaction status
8. Details of product / service (Quantity, unit price)
9. Discount offered
10. Itemised amount payable excluding tax, tax amount, amount including tax and tax rate / tax relief
11. Total amount payable including tax

根据内陆税收局（LHDN）最新的消息就指出，电子发票系统（e-invois）将会分阶段落实，明年将会是指定企业试点落实。一旦电子发票系统全面落实推行之后，民众就不需要保存发票长达 7 年了。

据悉，电子发票系统（e-invois） 将于 2024 年 1 月份开始对指定的企业进行试点推行。在 2024 年 6 月份时，则会对营业额超过 1 亿令吉的企业强制要求使用电子发票系统。

到了 2025 年 1 月份时，则会对营业额超过 5000 万令吉的企业强制使用，以及在 2026 年 1 月份时则对营业额超过 2500 万令吉的企业强制使用。最后到了 2027 年 1 月份时，所有企业都必须使用电子发票系统

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: www.smart-bizsolution.com

Smart - All In One E-Wallet

Why not just makes your business Better, Safer and Faster with Smart Unified E-Wallet Solution.

- One scan unified button.
- One report for all e-wallets.
- Clean counter top = (Say no to different standing QR Codes).
- Secure transactions = (Sync payment amount and live portal report).

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: www.smart-bizsolution.com

Malaysia’s GST will be 0% effective 1 June 2018

The Ministry of Finance of Malaysia has declared that the goods and services tax (GST) will be zero-rated from 1 June.

According to the official release posted on the official Ministry of Finance Facebook page, this will cover both local and imported goods and services. GST isn’t abolished but its current 6% rate will reduce to 0% effective 1 June 2018 nationwide until further notice. This excludes goods and services that are currently GST exempted.

The release also mentions that all registered businesses must follow the new zero rating and they must adhere to the current practice of issuing tax invoices, submission of tax statements and claiming of input tax credit.

The Royal Malaysian Customs Department has also shared the same post from the Ministry of Finance. For further clarification, the Royal Malaysian Customs Department is reachable at 1 300 88 8500 or 03-7806 7200.
Link: https://www.facebook.com/JabatanKastamDirajaMalaysia/posts/1777450235657548

If you have any questions, please do not hesitate to reply back to below information, I will be able to assist you further.

Vivid Solutions Sdn Bhd
Tel : 03-91722228

Mobile : 011-10161636

  Click here for Whatsapp chat

Email : infor@vivid.com.my
Website: http://ubssoftware.com.my

Smart Full F&B POS System & Smart Full Retail POS System: Raya Promotion Until 31/07/2017

 

 

 

If you interesting or would like to learn more about it, please contact us. We stand by you expertly. 

 

 

Vivid Solutions Sdn Bhd
Tel : 03-91722228
Mobile/Whatsapp : 011-10161636
Email : infor@vivid.com.my

Smart Cover

Cover is about renewing your software license upgrade; to assure it is running at top form consistently. By doing so, system usage is maximized, snags resolved soonest, business enjoy higher return on software investment & lower risk of lost productivity. Working like a yearly subscription plan, the fee is set low. so that your software investment is protected for years to come. INQUIRE MORE, Call us 03-91722228 or see http://www.smart-bizsolution.com

Smart – DynaMod (New Module)

DynaMod is a new generation Multi Chain Management solution that consists of POS, inventory, accounting & integrate-able systems. Creator Smart-Acc has envisioned to deliver powerful, fast and great balance of aesthetics, functionality to elevate business performance instantly that hosts 12000 clients.

FEATURES OF DYNAMOND

• CORE PERFORMANCE:

DynaMod offers superior scalability and modularity to support all business sizes and functions. You’ll gain full control & stay flexible as you strive to open more doors of business and experience the multi-abilities of:

· Quickens businesses’ operational processes & reduce repetitive workloads

· Back-to back & back-to-front data seamless data communal

· Resources savings on integrated solutions

· Info & analysis anytime anywhere

• EMPOWER SOLUTIONS

In collecting DynaMod a power business tools, the system developed tech tools that crafted:

· Great uptime to facilitate stores and headquarters’ needs

· Speedy and seamless flow that enhances user experience

· Consolidate chain and group of data to enable more accurate analytics

· Fantastic flexibility to control or adapt to retail environment with new amazing features

• The future is here

DynaMod is built to answer your current and future operational needs. Integration ability of Business solutions: e-commerce, iBank & backend financial modules which:

· Link to retail solutions: mall tenant, royalty members & credit card merchants

· Smooth flow & friendly outlook that enable easy usage & personalize

• HIGHLY USEABLE

Strength of more than 300 features

To say that DynaMod is feature-packed is an understatement. The popular, proven and efficient features have been handpicked based on our years of experience in POS systems. These superiorly advantageous features are largely focused on retail and F&B environments. Depth & versatile functions are well covered.

• Modern Friendly Design

Friendly touch navigation & fast assess enable easy usage for

· Info-gathering via questionnaires to help start-ups soar

· Consulting and project managing start-ups,

· mid-sized companies and multi-chain business

· Scheduling and implementing checklists,

· training manuals and so on

• 300 plus top-notch features

· Subsidiary, franchise & all branches

· Stock matrix

· POS setting

· Centralized voucher

· Connection checker

· Auto sales update

· Clone POS terminal setting

· Purchase plan

· Promotion plan

· Profit estimator & many more

9 MAGNIFICENT MODULES

All . Essential . Seamless . Smooth . Fast .

Linked right from the start to empower great business efficiency& productivity

POS MANAGEMENT MODULE

INVENTORY MODULE

ACCOUNTING MODULE

BIZ INTELLIGENCE MODULE

CUSTOMER MODULE

SUPPLIER MODULE

PROMOTION MODULE

MEMBER MODULE

COMMON& UTILITY MODULE

For more information, please call 03-91722228 or visit www.vivid.com.my.

Smart Update: E-Voucher for GST

Refer to below how to apply E-Voucher.

How much is the financial assistance?

The financial assistance has been structured to assist as many SMEs as possible. Therefore the final amount is RM 1,000 per qualified SME.

How do I qualify?

The requirements set-out by the authorities are simple and provided on the E-Voucher website. We made a quick summary below.

· The business equity must be at least 51% Malaysian.

· If you are in the manufacturing sector then your annual revenue should be less than RM 50 million or the number of full-time employees less than 200 persons.

· If you are in the service sector then your annual revenue should be less than RM 20 million or the number of full-time employees less than 75 persons.

· You should not be a PLC, subsidiary of a PLC, an MNC, subsidiary of an MNC, GLC, MKD, or a State-Owned Enterprises.

Remark: Before applying E-Voucher for GST, please get an advice either from your accountant or tax consultant first.

How do I apply?

Step1	Register for GST You will be first required to register for GST to attain your GST number, a requirement for the financial assistance program. The registration for GST has been opened since June 1, 2014 and is applicable for all businesses whom have annual revenue above RM 500,000. You can register via the Royal Malaysian Customs's website http://gst.customs.gov.my/ Refer to TAP (Tax Payer Access Point)
Step2	Apply for E-Voucher The financial assistance is provided via E-Vouchers which can be used against your new purchase of software or software upgrades including training. This process is entirely online. You can apply for the E-Voucher via SME Corp's website http://gst-evoucher.smecorp.gov.my/eng/index.html
Step3	Get your GST Compliant Software Call 03-91722228 or email to us for more information.

Important considerations

· The number of E-Vouchers provided is limited to the fund size, therefore it is on a first-come, first-serve basis.

For upgrading software & new purchase; please call 03-91722228. For more detail please visit www.vivid.com.my

Smart Software and GST in Malaysia

This statement follows the announcement made by Malaysia’s Prime Minister, Datuk Seri Najib Razak, during the Budget 2014 speech on 25th October 2013. GST for Malaysia has been confirmed and is to be enforced on 1st April 2015. Smart Software acknowledges the announcement and would like to provide the following response to matters that relate to the impact of GST on our customers and products in Malaysia.

The implementation of GST can have an impact on business processes, practices as well as documentation. The Royal Malaysia Customs should be providing more detailed specifications and requirements soon. Compliance can be achieved through a simple, easy and affordable program. We will be sharing this within the next few weeks for the benefit of everyone.

Stay tuned to this website as we will bring in more information very soon.

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Introduction of Smart BizSQL Inventory and features.

It’s easy to monitor stock movement with Smart Inventory. Just set up the system and be in the know of stock transactions at any time. A report is at your disposal should you require it.

• Maximizes profits from streamline inventory
• Improve cash flow by reduce slow moving stocks
• Good merchandise decisions to get more sales
• Never run out of stock to remain happy customers
• Build royalty customers with effective promotion campaign
• Solutions ready to support multi stores growth
• The inventory module is linked to the accounts module to enable quick assessment of profitability.

 
Features of Smart BizSQL Inventory

Maintain Stock Item
- Set standard of different price for stocks at different outlets
- Multiple units of measurement  & multiple bar code
- Flexible stock codes to suit business operations
- Handle complex inventory situation: matrix, barcodes label and assemble.
- Set stock multi pricing, stock taxation

Fully Manage
- Manage promotions for ever increasing new products
- Save members data for loyalty program
- Control stock movement, transfer & transit within outlets & branches
- Stay competitive with versatile pricing by location or store
- Manage returns stocks – expiry / damage / warranty etc

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart Update: SmartPOS can control minimum selling price by user

Smart had updated the program by enable user to control minimum selling price. A prompt out message show the minimum price of the item and asking are you sure wanted to apply this discount or price.
With this function, user will be alert again with the minimum price of the items before proceed the transaction. This will minimize selling the product lower then price setting.

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart TouchNPOS

Smart TouchNPOS is a system that streamlines your retail business needs. Whether your business has a single retail outlet with the need for multiple terminals OR if you already own multiple retail outlets, TouchNPOS Retail system facilitates business operations with its smart, simple and easy-to-use features.

 

Key Features:

Customer Management: - Membership Maintenance - Point Collection - Points Redemption	Inventory Management: - Stock-take - Stock Transfer / Transit - Stock Adjustment - Stock Movement Analysis
Retail Management: - Promotion Management > Mix and Match, PWP, etc. - Cashier / Supervisor Management - Credit Card Terminal Linkage - Weighting Machine Linkage - Fashion Matrix Management - Barcode Label Printing	Distribution & Procurement Management - Purchase Management (PO > GRN > Invoice > CN) - Sales Management (Quotation > DO > Cash Sales > Invoice > CN)  - Sales Analysis Reports # Features available in Backend Software Only

The advantages of using TouchNPOS Retail
- Online updates on all transactions, stocks, cash and many more.
- Goods’ selling price can be controlled by the headquarters.
- All data is automatically channeled to headquarters within 5 minutes.
- Centralize POS, which is controlled at the backend server.
- Enhanced Graphical User Interface (GUI).

Efficient and smart reporting instantly
- Daily summary reports
- Daily collection reports
- Payment sales by hour reports
- Order sales by hour reports
- Deposit collection reports
- Sales and daily details reports
- Refunds reports
- Top sales analysis
- Daily sales and items sold / managed by each sales person
- Audit trail and track reports
- Attendance reports
- Inventory sales gross profit analysis

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart TouchF&B

Are you doing F&B business and looking for software? Smart TouchF&B is one of the choice that you should select. Be it a single outlet or multiple F&B branch, the Smart TouchF&B Point of Sales (POS) system had been  created to help you manage your business’ daily operation and allow you to grow sales as your business expands.

Smart TouchF&B is the complete solution for F&B business, from quick-serve restaurants to posh restaurants. This software enable you to:
- Expand to multiple kiosks and cashier points
- Take order via wireless
- Enjoy additional restaurant functions, add members, include promotions and improve inventory management
- Fully integrate with your business’ full accounting cycles – even the Profit & Loss tabulation is automated.

 
Smart Touch F&B comprehensive reporting capabilities will help you to keep track of all sales at anytime. This means that you will have more time to spend on refining business strategies and other more important tasks that requires your attention.

Here are a few of the many reports / information that you will attain from Smart Touch F&B
1) Stock card and stock balance listing
2) Daily summary
3) Daily collection
4) Payment sales by hour
5) Order sales by hour 
6) Top sales
7) Audit trail and track

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart Update: Smart F&B – Floor Plan

With the enhancement of the software, Smart F&B had come out with “Floor Plan” setting. This option will show the floor plan of the place which allow user to monitor it.

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart i-Center

Point Of Sales Centralized Management System

To stay ahead competitively, a business with multiple outlets or stores is a norm. However, managing multiple outlets is probably the most challenging tasks for the business owner.

With multiple outlets, business owner or the sales/marketing management will have to run around all the outlets just to determine selling price, promotions, cashier or supervisor access level, etc. Besides these, they will also need to extract individual outlets sales reports for analysis of marketing strategy. You can just imaging the cost incurred and time wastage.

With Smart i-Center, business owner or the sales/marketing management will be able to do all the above at the comfort of their working table or at home or anywhere else, with just a computer or laptop.

i-Center work together with Touch & Pos (Retail or F&B) and i-Order.

- Online system

- Inventory Module with multiple barcode

- Set stock to be available at all or specific outlets

- Set price for all or individual outlets

- Set promotions for all or specific outlets

- Set cashiers or supervisors access level for all or specific outlets

- Membership features

- Determine outlet Point of Sales settings

- View or Print Sales Analysis Reports on all or specific outlets

- View or Print Inventory Analysis Reports on all or specific outlets

For more enquiries, please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart ONE EZ – F&B

This software is design with fast screen selection which enable user to view the menu on the screen. The screen is more attractive with the contain of the item pictures. Smart ONE EZ – F&B is suitable for food and beverage industry.

For more enquiry please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Smart ONE EZ - Retail

Due to economical market requirement Smart ONE EZ software had being develop. This software is a basic or started pack of POS software for those users who just have a minimum budget.

Smart ONE EZ is contain of POS + Mini Stock Software.
The benefits:
- Low starter pack suit shop start up (Everyone can use POS system)
- Enjoy I.T. benefits from day 1
- So simple to use & deploy (Full control over price & transactions)
- Minimum support required
- Extra Dual Display feature to promote sales  
- Contain reports & analysis such as stock movement, stock status, sales details analysis, stock details analysis, audit trail on delete bills & others.

For more enquiry please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

Overview Smart I-Order (PDA Ordering System)

The Food & Beverage business is probably the most competitive and challenging industries. Besides food quality and environment, customer’s satisfaction on dining experience become an essential factor in creating customer’s loyalty and company image.

In a smaller F&B operation, operators will be able to control the quality of food, processing time and operations easier in order to create good customer dining experience. But when business grows bigger, operators will face difficulties to maintain the customer satisfaction.

i-Order is an alternative to our desktop Touch&Pos Ordering system. i-Order provides more mobility to waiters to take orders thus providing more a more efficient waiting services. From

i-Order, waiter/waitress can perform the following: -
1. Open table
2. Take Order
3. Food or drinks ordered will be send to the kitchen and drinks printer respectively
4. At anytime while the table is open, waiter or waitress can add news items to the table

i-Order maintains most of the features available in the desktop ordering system.
- Works on most mobile devices operating on Windows Mobile 6
- User access level control
- Easy to use
- Multiple printing capabilities
- Direct link to Touch&Pos system

For more enquiry please contact us 03-91722228 or visit our website at www.smart-bizsolution.com

New update 1: Smart TnPos

Based on the business requirement, Smart TnPos had do an enhancement where currently it had add on 1 new features where it able to accept deposit function.

Figure 1 : Sample display screen

Figure 2 : Sample setting screen

Figure 3 : Sample receipt  

For more enquiry please contact us 03-91722228 or visit our website at www.smart-bizsolution.com