- GST on freight or loading/Unloading Charges:
How to handle Item charge allocation which we were addressing through structure and GST was calculation accordingly. Scenario is mentioned below for your reference.
We have three Items in a sales/purchase invoice
1. Item-A
- GST% - 5
- Qty. - 1000
- Rate - 400
- Amount - ₹ 4,00,000.00
2.Item-B
- GST% - 18
- Qty. - 500
- Rate - 50
- Amount - ₹ 25,000.00
3. Item-C
- GST% - 28
- Qty. - 10
- Rate - 5
- Amount - ₹ 50.00
Now we have ‘loading charges’ 1000, which should be load on inventory. However, as there is no structure in business central. Therefore, we have to create a line of Item Charge as assign it to other Item lines through Charge Item Assignment functionality.
Now this functionality do not calculate GST on loading amount 1000 according to GST % in item lines of sales/Purchase.
Although In Nav-16 through Structure it calculate as GST base amount=Line amount + Freight Amount
Comments
This will fulfill one of the main requirements as per GST Compliance.
Category: Purchasing
It should be the same in Business Central.
Category: Purchasing
Exactly. It should be Calculate line wise according to different GST Rates.
Category: Purchasing
Yes it should be in Business Central, because this is our most of the clients requirements.
Category: Purchasing
Feasibility of Freight load on inventory should be there, in a view of perquisite need for Indian Localization
Category: Purchasing
it's very important for our business and Govt compliance.
In last version we are mapping through Structure. where GST charge on Freight as per Item on GST
Category: Purchasing
Business Central Team (administrator)
Thank you for this suggestion! Currently this is not on our roadmap. We are tracking this idea and if it gathers more votes and comments we will consider it in the future. Best regards, Business Central Team