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Malaysia Sales and service tax default COA type
Hi,
We have a Malaysian client and for which we need to implement SST setup for Malaysia. As per the information received from client, the type of the auto generated SST COA should be expense but in NetSuite the default COA type is as below:
If the tax account type setup in tax control account is Sales then the COA type is 'Other Current Liability' & If the tax account type setup in tax control account is Purchase then the COA type is 'Other Current Asset'.
Please advise the correct setup.