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In case of purchase from foreign vendors, In India Custom Duty is charged by the Custom Department and GST is calculated based on the GST Assessable value.


Currently there is no reversal process if the transaction is posted incorrectly.


If the purchase credit memo is created it is considered as a refund from the government, which is not the case. what if purchase invoice is posted incorrectly. There is no rectification process.


Common Mistakes which observed during the transaction:


  1. Mistake in filling the Exchange rate.
  2. Mistake in filling of Basic Custom duty amount.
  3. Mistake in filling the GST Assessable value.


There should be a proper solution for the reverse process if the data is filled incorrectly.

STATUS DETAILS
Declined
Ideas Administrator

Thank you for your feedback. We are not considering the suggestion at this time due to the following reason: <reason>
The purpose of the reversal asked is to correct the data entry mistakes done for import order. This option already exists as manually correction through universal model for correction of mistakes - Journals for both amounts and quantity of items.

Sincerely,
Aleksandar Totovic
PM, Microsoft

Comments

V

Dear Team,


Import Purchase transaction we routinely use to perform, all the time when we asking to partner for solution, we are in queue , please do the needful.


Category: Geographies and Localization

V

Yes, we must require this functionality in business central.


Microsoft kindly do the needful as soon as possible.

Category: Geographies and Localization

V

Must Required.


Category: Geographies and Localization

V

Yes, we are also facing the same kind of issues.

In D365 Business Central we can load a custom duty along with a vendor invoice, but in some cases, users by mistake inserted the wrong custom Duty /wrong Exchange Rate.

We can create Credit Memo for such cases but in this case, Custom Duty is not getting Reversed which is a major challenge for Finance/Accounting team in terms of General ledger entries & inventory costing also.

Category: Geographies and Localization

V

Yes,


It must be required for all Indian customers.

Category: Geographies and Localization

V

Good Feature which needs to be done.

Category: Geographies and Localization