In INMF legal entity, for GST transactions (tax document) the program will round off amount to the nearest even number for 0.05 case.
In INMF legal entity, for GST transactions (tax document) the program will round off amount to the nearest even number for 0.05 case (This is due to C# rounding logic). e.g.1) 4.735 would be rounded to 4.74 and 4.745 will also be rounded to 4.74 2) 18.225 would be rounded to 18.22 and 18.215 will...
AUS BAS - Option to reverse GST settlement so it can be rerun for the same period
In case there're discrepancies between reports and settlement vouchers, it'll be helpful to have GST settlement reversed and rerun for the same period in case customer makes a mistake that needs to be corrected.
Voucher transactions without tax for TDS.
In Indian localization, the Tax module allows us to extract the report 'Voucher transactions without tax'. The user can extract transactions for a specific month/period and reconcile any GST-applicable transactions that were missed. Similarly, the expense report with the TDS column or the expe...
Allow edit of base amount when posting a tax entry in a journal
D365 allows us to post an entry directly to the tax account, by selecting the tax account in the journal line, and selecting the sales tax code.
When this entry is posted, the amount origin is zero. There needs to be a way to specify what the amount origin should have been.
Domestic Reverse Charge VAT Decision Logic
As detailed in the below UK Government document, Domestic Reverse charge should be applied when the Business is not the end user of the services and the purchase order is not materials only. Further information and requirements outlined in the document. The workaround currently is...
Empty TAX amount field for Indian legal Entity
IN- Provision required to view GST amount in Vendor invoice journal grid. System required to display the calculated GST amount voucher vise. Currently, system is showing in Tax document form which user need to view by clicking each row wise. To save the user time, customer is looking for optio...
One stop shop
From July 2021, B2C sellers dispatching their goods from a single country will no longer be required to register for foreign VAT and complete multiple VAT filings in the countries where they are selling. Instead, they may opt to simply complete and file a...
Software Development Pool
Domain are using D365 in Australia where there are specific tax rules for Software Development Pool. Where there is an addition to this pool at any time during the financial year the following straight line rates apply:
Year 1 0% of cost
Year 2 30% of cost
Year 3 ...
TDS code field should be available in payment settlement form
While In Withholding tax payment form, when we are going at settlement form we have amount but the withholding tax column is blank and there is no option to add the field TDS Code ,we want the option , so before making payment posting we can validate the same with withhodling tax posted
Malaysia Tax MYS_Sales Service Tax (SST) Long Overdue and Payment Records
Malaysia has Malaysia Government regulatory on SST embarked since Oct 2018, that company need to pay the SST amount for any outstanding invoices that have been overdue for more than 12 months. Refer to this link: https://mysst.customs.gov.my/SSTAccounting Therefore, user will need to identify th...