Sales tax/Ledger Reconcilaition Report for India GST Transactions


We have Sales tax/Ledger Reconciliation report in the tax module but this report does not reconcile the GST transactions. Repro steps: Path: Tax >> Inquiries and reports >> Sales tax reports >> Sales tax/Ledger reconciliation Enter from date, to date and GST ledger Account. System is fetching th...

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Category: Tax (112)

STATUS DETAILS
New

Penny Difference line is not showing in the Settlement history of Payment entry


Maintain the maximum penny difference and maximum overpayment/underpayment options as 0.99 in the Accounts Receivable parameters. Post the Sales order with 9.99/- and make the settlement against to this sales order with 10/-. Navigate to customer transactions and system has auto generated the p...

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Category: Cash and bank management (146)

STATUS DETAILS
Needs Votes

On Invoice proposal facility of adding GST of Customer directly on header


In the project invoice Proposal Delivery Address ID and Delivery Address will be Available. If we need to make any change in this address like correction of typo or adding GST number with address then we have to go on Customer master then address and then we tag GST number on address and same wil...

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Category: Tax (112)

STATUS DETAILS
New

The Grossing up Provision in Tax computation for Foreign Vendor under section 195A


TDS amount is to be calculated by grossing up (For e.g. Invoice amount is 100, TDS rate is 15%, So TDS will be deducted by grossing up amount to 100/85*100 = 117.65). This tax amount will be paid by the client who is responsible for paying the invoice amount to the foreign vendor. Hence, TDS amou...

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Category: Tax (112)

STATUS DETAILS
New

Gate Way Functionality is needed to enhance for the Split functionality in the Stock transfer for Manufacturing sector


Stock Transfer is created with item which is enabled for batch number. Created the outward gate entry with vehicle number and added the order. Back to stock transfer form and generate the picking list and when we do the registration by splitting the quantity and added two different Batch numbers ...

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2 Comments

Category: Tax (112)

STATUS DETAILS
New

Calculation of Customs Duty and IGST when supplying goods to SEZ legal Entity


The client is an MEPZ unit and supplies goods to customers which attracts customs duty and IGST. Currently we don't see this functionality availability in the system. We would request Microsoft to provide the option to select the company itself SEZ and other functionality should work accordingly.

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Category: Tax (112)

STATUS DETAILS
New

Provision to capture GST in expense report


As per the GST law company can avail credit for the taxes paid on expenses for categories like Hotel, cabs, flights, etc. There is no provision in the expense report to capture GST information when the expenses are recorded. To use the input taxes as credit it should be recorded first in the syst...

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Category: Tax (112)

STATUS DETAILS
New

TCS - Section 206 C (1H): As per Government rule If the buyer is having the Permanent Account Number or the Aadhaar number to the seller, then the applicable rate of TCS will be 0.075%


As per TCS law under section 206 C(1H), Government is accepting if the buyer is having the Aadhar/ PAN number then TCS value should be 0.075%. However in our system we are only looking at the PAN based Accumulation and not with Aadhar. Since Aadhar is mainly used currently and we would need to do...

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0 Comments

Category: Tax (112)

STATUS DETAILS
New