-
IN- GSTR -3B filling of Return
The GSTR-3B is a consolidated summary return of inward and outward supplies that the Government of India has introduced as a way to relax the requirements for businesses. It is a monthly return and mandatory for all businesses in India. -
IN- Reconciliation to match " Form 26AS" with posted TDS/TCS transactions
Reconciliation is required to match Form 26AS with posted TDS or TCS transactions before filing TDS or TCS quarterly returns. -
IN- Integration of GST with "Subcontracting" under Production.
Under Subcontracting process users need to define the vendor as the subcontracting vendor. Then user transfers raw material/semi-finished goods from their own warehouse to subcontracting vendor warehouse with or without payment of tax. In order to send material for subcontracting process manufacturer needs to dispatch goods on the basis of delivery challan. Based on the location of vendor and principal manufacturer GST incidence is determined. When the material is returned back after subcontracting process, Subcontracting vendor needs to issue a GST tax invoice for the service provided and the principal manufacture needs to record it as an expense or input credit. There is also a specific time period during which material should return back to the principal manufacturer else GST needs to pay by the manufacturer to govt. -
IN-Incorrect GL sales tax posting when price difference is being applied to the totals of the PO vendor invoice
when user create purchase order (with Sales tax) and post invoice via Invoice Register >> Approval journal. In case user get vendor Invoice which has difference in Invoice value . Create Invoice register (marking price includes tax) with Vendor Invoice value and apply price difference to the totals of the final vendor invoice in the posting Invoice form, the rounding result leads to incorrect sales tax posting in GL. Process steps: - Enter a purchase ( with Sales tax ) order and post the product receipt. - Register vendor invoice in the invoice register journal with value mentioned in vendor invoice . - In Invoice register mark (Include sales tax check box) - 3-way match of the vendor invoice in the approval journal. - Allocate a small Invoice value difference to Rounding in Totals . - Post the vendor PO invoice. -
IN-Stock Transfer order Cannot process a with GST invoice to a vendor warehouse
Cannot process a Stock Transfer with GST invoice to a vendor warehouse. The Vendor GST Registration number is not available in the address setup even though the vendor number is in the warehouse setup. Customers are expecting under the transfer order process “vendor reference ” should be enabled for tax information, In such situation vendor address and registration information should be picked in stock transfer shipment and Stock transfer receipt for determination of tax. Also, customer is expecting that based on vendor selection as reference vendor in warehouse tax should be computed and user can select any vendor for any transaction and should able to filter vendor wise transfer transaction details. However even existing vendor reference to default vendor tax information in stock transfer will work fine with them. -
IN-Sales tax adjustment is applied only to first invoice and remaining invoices use the calculated sales tax
When user is creating multiline sales order and applying same sales tax code on all the item lines. Do adjustment in the total sales tax amount in the posting invoice form . Remove one item line and post two separate invoices. System posted first invoice with adjusted sales tax amount and second invoice with original sales tax amount. User is expecting adjusted sales tax should be restricted value for all lines and irrespective of number of invoice posted for the sales order the tax amount should be restricted to adjusted tax amount only. -
IN- Project Operation – Project Integration Journal with India taxes
Microsoft Dynamics 365 provides a flexible Service Management solution through Project Operations that comprises a comprehensive suite of Service Management and reporting features, and is integrated well with the other modules thus extending into every area of an organization’s operations. However, the India tax features are currently not available for use in the Project Operation application, thus limiting the use of Dynamics 365 F&O by the fast growing service industry sector in India. In order to tap this business sector, it is required to integrate the India tax features in the Project Operations application and provide a complete Service Management solution that caters to the India legal requirements.
In current situation the partner must do the customization for now. Here are some documents that the partners can take reference. For a E2E code reference, the partner can refer to the GST integration with the existing transactions like purchase order/sales order/etc.
You’re offline. This is a read only version of the page.
