Maharaja Govindaswamy Krishnamoorthy Sr Technical Advisor TA

Article explains Provisions of TDS under GST, By whom TDS under GST are to be deducted, Date from which Deduction of TDS under GST to be made, Rate of TDS under GST, Threshold limit for deduction of TDS under GST, https://taxguru.in/goods-and-service-tax/detailed-analysis-examples-tds-gst.html#6_Threshold_limit_for_deduction_of_TDS_unde Feature needed for below: Threshold limit for deduction of TDS under GST : The TDS under GST has to be deducted if the value of supply under a contract, exceed Rs. 2,50,000. Value for the purpose of deduction of TDS shall be considered, excluding the CGST, SGST, UTGST, IGST & Cess under GST. Therefore, the TDS is deductible only when a single purchase order / contract, exceeds Rs. 2,50,000/, meaning thereby that no TDS would be attracted if the value under the contract for supply of goods or services or both is up to Rs. 2,50,000. The above provision is explained with an example as under . Example: Cases TDS under GST TDS Income Tax Mr. A is awarded a contract say PO (No 1) for supply of goods or services for Rs. 2 Lacs and another contract say PO (No. 2) for Rs. 3 Lakh For PO (No.1), no TDS under GST is required to be deducted as the value of the contract is less than Rs. 2.5 Lakh. However in respect of PO (No.2), TDS would be deducted on the payment of Rs. 3 lakhs, as the value of the contract exceeds Rs. 2.5 Lakh. In respect of PO (No.2) even if a part payment is made say for Rs. 1 lakh, even then TDS would be deducted. TDS under Income Tax is governed by various sections like Contract (194C), Professional (194J), Rent (194I) etc. So if the payment made to supplier exceeds the threshold limit specified in the concerned section in that financial year, then TDS provisions would be attracted

Default descriptions - Expense report transaction - optional variables set up The user wants to have defaulted in voucher transaction description the information provided in the field Additional information from expense report line. They have tried to use the below default description setup: but the system is filling the description voucher with the expense report number. Repro steps: 1. Set up a new record on the default description table related to "Expense report transactions" type and associate to the parameter 4 the TRVExpnTrans.AdditionalInformation. 2. Create, Approve and Post an expense report with multiple lines having additional information provided on line level. Research done: https://docs.microsoft.com/en-us/dynamics365/finance/general-ledger/set-up-default-descriptions-for-automatic-posting Based on official documentation standard AX populates the default description for all transaction types where possible with the following info: %1 – Add the transaction date. %2 – Add an identifier that corresponds to the document type that is being posted to the general ledger. For example, for transaction types that are related to invoices, the %2 variable adds the invoice number. %3 – Add an identifier that is related to the document type that is being posted to the general ledger. For example, for transaction types that are related to invoices, the %3 variable adds the customer account number. The other placeholders %4 – %6 is automatically populated for the expense report as follows: %4 - Expense report number - Based on this info that’s why the user is having only the expense number, right? %5 - Worker personnel number %6 - Expense report text

Team tasks view not available for Manager view Description of problem: Manager is not able to see the tasks assigned to his direct reports and the employees under the direct reports We have function available with task management module called “ Task management which HR can use but the requested function is not available

Multiple entries are created during bank foreign currency revaluation. Repro steps: 1. Go to Cash and Bank Management > Periodic 2. Foreign Currency Revaluation 3. Revalue a bank account in foreign currency. 4. System creates multiple entries for revaluation. The current process does not have an option to select what financial dimensions should be posted at the time of processing bank foreign currency revaluation Which is available under AP and AR. Ask from support: Since in AR and AP module revaluation function feature is available https://docs.microsoft.com/en-us/dynamics365/finance/cash-bank-management/foreign-currency-revaluation-accounts-payable-accounts-receivable#:~:text=Foreign%20currency%20revaluation%20can%20be,amounts%2C%20on%20a%20specified%20date. Financial dimensions – The financial dimensions that are posted on the accounting entries of the foreign currency revaluation transactions: • None – No financial dimensions are posted. If you have a required financial dimension in your account structure, the revaluation process is still run and creates accounting entries that have no financial dimensions. You will receive a warning message first, so that you can cancel the revaluation. • Table – The financial dimensions of the customer account or vendor account are posted on the foreign currency revaluation transactions. • Posting – The financial dimensions of the transaction that is being revalued are posted on the foreign currency revaluation transactions. By default, the financial dimensions from the original transaction's AR/AP ledger account will be used for the revaluation transaction's AR/AP main account, and the financial dimensions from the original transaction's expense/asset/revenue ledger account will be used for the revaluation transaction's unrealized gain/loss main account.

INDIA GST- tax journals to affect GSTR reports . Currently these entries posted are not reflecting in GSTR reprots. Feature needed to bring the Invoice number referance in Tax journal so that GSTR is shown correctly for adjustment made

Description of problem: Data entity is not available for Personnel management > Employees > Links > personal information > personal contacts> Dependant details

The Depreciation proposal standard transaction text gives text as Since … is misleading and wrong. Instead it should say Depr valid To and Valid From date. ref lcs link https://fix.lcs.dynamics.com/Issue/Details?bugId=499518&dbType=3&qc=3901084192882e8874a61b4ea46189811477b48671c68ff92e455deb5db93a91 ***[REPRO STEPS GROUP] *** Issue was replicated in USMF demo data 1. Open FA master for BUIL-000001 Click Books Note Depreciation last run date is set as 12/31/2017 2. Run depreciation proposal Create a new Fixed Assets Journal for Depreciation Proposal. Click on Fixed Assets > Journal Entries > Fixed Assets Journal. Create a new Journal & Click on lines. Click on Proposals > Depreciation Proposals > Enter To Date Field "10/31/2020", Filter with Fixed Assets Number BUIL-000001, Summarize depreciation is set as YES ,Make Sure Calculate Depreciation Field is marked as "YES". Click on Ok. ***Actual result*** Note 3 lines of deprecation is proposed one for each financial year and description for all three is set as Depr. Since 1/31/2018 which is misleading and wrong ***Expected result*** For First line the description should be set as Depr.From 1/1/2018 to 12/31/2018 For second line the description should be set as Depr From 1/1/2019 to 12/31/2019 For third line the description should be set as Depr From 1/1/2020 to 10/31/2020

India GST :Enable E invoice for export sales order

Customer creates Purchase requisition and completes the approval cycle. Automatic purchase order is created, now customer wants the purchase order to get auto confirmed as soon it is created as the budget gets consumed when PO gets confirmed. We suggested them to use the PO confirmation batch job, but customer is not comfortable with that as the batch job runs at scheduled time and also PO have multiple levels of approval and by the time a PO gets confirmed, there is a chance that a new PR gets created, approved and a new PO gets created and user can manually confirm the second PO. Hence, the first PO which still waits for the batch job to run to get confirmed, will have no budget to consume as the budget gets consumed by the second PO. Consider below demo: Budget = 100$ PR1 created and Approved for 100$ PO1 auto crated for 100$ PO1 waits for batch job to run to get confirmed. The budget 100$ is still available to get consumed. Another user created PR2. PO2 is auto created. User manually confirms PO2. Budget gets fully consumed at PO2. Ideally, PO1 was created first, hence the budget should be consumed at PO1 as per customer requirement. so the request is to have a option of auto confirm the PO in PO workflow level

PO will have multiple levels of workflow approvals . The actual HSN/SAC code may change that is filled by Purchase team and Finance team will need to change it before Invoice posting For changing it it is not possible to edit the PO again and go through workflows again referance lcs link https://fix.lcs.dynamics.com/Issue/Details?bugId=548727&dbType=3&qc=b117015a2afdd9fcf09b4214299ef903fb0ccaffcae55d5f77634c6aa8c9b0e0