Comments
Anyone aware about the status of this issue? has Microsoft done the required changes in the new release?
Category: Tax
This is extremely important to India localization.
Category: Tax
Having the same number for the original invoice & GST Id is very important for the statutory audit and compliances. If both are different, then it will be creating a huge confusion and other serious issues. I am not able to understand on what basis, MS has set-up this process. It shows the lack of basic understanding about accounting & taxation. I hope MS will take quick action on this, otherwise we need to maintain all AR on other good alternative ERP.
Category: Tax
This is an essential element when it comes to India localization. For all practical purposes, GST ID (or GST invoice number) is used. For every transaction relating to customer, be it invoice, payment, settlement or reconciliation GST ID is the basis. I am not sure the reason for not prioritizing this requirement by MS. If not done sooner, customers will be required to do the customization and and they will not be able to keep the solution Evergreen.
Category: Tax
This is extremely important to our India legal entities.
Category: Tax
Under the Indian Goods and Services Tax law, Income-tax law, other statutory and internal reporting requirements, it is mandatory to quote and display the same document number which is identified/ referred to as "Invoice Number" or "Tax Invoice Number" in all the reports. Also, separate invoice number series with consecutive serial number is required to maintained for each location or GST registration under the GST law.
Further, the same Invoice number should also be displayed in all the forms where the user needs Invoice information for settlement, ageing, reconciliation and correspondence with the customers/ other parties.
Therefore, the standard Microsoft D365 does not comply with the current localisation requirements of the laws applicable in India and must be modified urgently."
Category: Tax