AutoCount Standard E-Invoice: Businesses Related to Construction Materials
AutoCount Standard E-Invoice User Guide for Businesses Related to Construction Materials
The AutoCount design this guide to help businesses, specifically wholesalers and retailers of construction materials, comply with Malaysia's Standard E-Invoice for Construction Materials Related Business requirements as outlined in the 4th Schedule of the Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994. To clarify, by implementing the Standard E-Invoice for businesses dealing with construction materials, companies can ensure compliance with tax regulations, streamline invoicing processes, and enhance transaction transparency. Therefore, this guide will walk you through the setup, creation, and validation processes using AutoCount.
Introduction to Standard E-Invoices for Construction Materials
Firstly, under Malaysian regulations, certain construction materials require the issuance of Standard E-Invoices instead of Consolidated E-Invoices. Therefore, this mandate ensures compliance with tax laws and provides detailed transaction data for regulatory purposes.
AutoCount Standard E-Invoice : Business Related to Construction Materials
Setting Up AutoCount for Standard E-Invoice Generation
To comply with regulations, businesses must configure AutoCount to ensure that construction materials are correctly tagged for e-invoicing.
1. Access Stock Item Maintenance
- Firstly, go to Stock > Stock Item Maintenance in the AutoCount system.
- After that, locate the relevant stock item.
- Next, click Edit.
2. Enable Mandatory E-Invoice Generation
- Secondly, tick the checkbox labeled Must Generate E-Invoice.
- After that, save the changes.
Important
If this option is enabled, invoices for these items cannot be generated unless the buyer provides a valid Tax Identification Number (TIN).
Creating a Standard E-Invoice for Construction Materials
Once the setup is complete, follow these steps to create a Standard E-Invoice:
1. Navigate to the Invoice Section
- Firstly, go to Sales > Invoice > New.
2. Input Customer and Transaction Details
- Secondly, enter all required fields, including the Debtor’s TIN.
- Next, add item descriptions, quantities, and amounts related to the sale.
Note
If a TIN is missing, AutoCount will block the invoice creation process, showing an error message like “Document Tax Entity ID not found”.
3. Save or Submit
- Requestors: Save the invoice as a draft or submit it for approval.
- Approvers: Review, finalize, and approve the invoice.
4. Submission to LHDN
Afte that, once approved, AutoCount automatically submits the invoice to the LHDN MyInvois Portal for validation.
5. Validate and Preview
- Finally, after submission, check the invoice status.
- If Valid, proceed to the next step.
- However, if Invalid, review the rejection reason, correct any errors, and resubmit.
- For valid invoices, click Preview > Invoice (Malaysia E-Invoice) to view the finalized document with the QR code and LHDN validation link.
Conclusion
The AutoCount Standard E-Invoice system simplifies compliance for businesses dealing with construction materials by automating validation, enforcing TIN requirements, and integrating seamlessly with the LHDN MyInvois Portal. By using the Must Generate E-Invoice feature and following the steps outlined in this guide, businesses can ensure regulatory adherence while streamlining their invoicing workflows
Frequently Asked Questions
Why is a Standard E-Invoice required for construction materials?
Construction materials are regulated under the 4th Schedule of the Lembaga Pembangunan Industri Pembinaan Malaysia Act 1994, mandating detailed reporting for tax compliance.
Can I issue a Consolidated E-Invoice for construction materials?
No, Consolidated E-Invoices are not allowed for these items, as they require detailed reporting.
What happens if a buyer does not provide a TIN?
Without a TIN, invoices for items flagged as Must Generate E-Invoice cannot be created.
How does AutoCount validate invoices?
Approved invoices are automatically submitted to the LHDN MyInvois Portal, which validates them for compliance and returns a status.
What if an invoice is flagged as invalid?
The system provides reasons for invalidation. Correct the errors and resubmit the invoice.
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