Prepayment with GST, TDS & TCS in Indian Version
Lower TDS Rate bifurcation based on threshold in TDS enquiry report
When multiple thresholds for TDS are setup, TDS is being calculated correctly for multiple rates, but for reporting purpose, it is required to bifurcate TDS deduction rate wise.
This can be added in TDS enquiry report.
For e.g. For below TDS threshold designe...
Standard functionality for ISD (Input service Distribution) in D365 F&O
There has been provisions in the relevant GST Acts where if H.O. has taken Input tax credit on any purchase of goods/ services, the same can be distributed to its other branches on appropriate basis.
Microsoft has provided standard functionality of ISD in Business Central appl...
GSTR-3B, GSTR-6, GST ITC-04 standard reports in D365 F&O
In D365 F&O, Microsoft has provided only two standard reports which cater the legal requirements for GST returns which are GSTR-1 and GSTR-2.
However, there are several other returns such as GSTR-3B, GST ITC-04 and, GSTR-6 which are applicable to most of the companies, but st...
E-Invoice and E-way bill on 'Transfer orders' and 'Purchase return orders (Debit note)'
There has been a legal requirement under IGST Act, 2017, where a taxable person shall generate E-invoice and E-way bill on the stock transfer, if such stock transfer involves branches which are in two different states. Further, if the stock transfer between the branches is happening within the...
IN_Voucher number column is required in GSTR1 and GSTR2 report for India
As per the India localization policy, the voucher number is mandatory in GSTR1 and GSTR2 report. However, presently it is not available.
Tax calculation based on ingrediencies of a product
It would be great to have a feature to calculate tax on ingrediencies of products, since this becomes more and more common:
Sugar-sweetened beverage taxes in Europe: learning for ...
IN-Withholding tax payment in batch mode
Withholding tax payment should be in batch mode, as for longer transactions system is not completing the Payment process.
IN_Withholding tax (TDS/TCS) is not supported by the hour entries in project invoice proposals
When we create a Project invoice proposal against the posted timesheet transactions, there is no option to select, view and record withholding tax on the Project invoice transaction. The functionality is available on Fee, Item and On-account.
The same functionality should be available fo...
Withholding tax and vendor payments amount deduction in Malaysia
Keep invoice amount remaining while WTH is correctly calculated 10% and no deduction is recorded
The purpose of this case is that vendors are mainly from overseas, they don't have any obligation to pay WHT which is completely paid to Malaysia government by a com...