Tuesday, December 15, 2020

Latest Update for India GST - #msdynav.

Hi Readers,

This is a quick article about changes in Goods and Services Tax in Dynamics NAV 2016.

With latest cumulative update Microsoft have released update for India version which includes a Application change related to  GST Changes.

In this article we will understand about the update and How partners should apply this hotfix for customers in #msdynav.

Version - Dynamics NAV 2016.

Description of Change - 

  • GST Section 20-7 Introduced
  • GST Section 20-6 modified

Title - 

  • An inconsistency occurs when you post a cash payment voucher with TDS (tax deducted at source) in the Indian version.
  • Error message displays when you apply a payment with TCS to a sales invoice in the Indian version.
  • TDS (tax deducted at source) is not correctly calculated when multiple advance payments are applied against the single invoice in the Indian version.
  • Incorrect TDS values are in the Statistics and TDS ledger entries in the Indian version.
  • GST for SEZ (Special Economic Zone) customer should be collected from the customer in certain scenarios, rather than being debited from IGST account in the Indian version.
  • TCS is calculated on bill-to customer not on sell-to customer in the Indian version.
  • TCS threshold should be on the sales realization in the Indian version.

Impacted Objects - 

  • Table - 18|25|36|37|81|110|112|114|5107|16419|16470|16482|16507|16514
  • Codeunit - 12|13|80|90|16401|144057|144068
  • Page - 21|39|41|42|43|44|130|132|134|232|253|255|507|6630|16414|16419|16425|16517|16569|16579
  • Report - 16518

New Objects -  Two New objects have been added through this update. Licensing refresh is required.
  • Table - 16482
  • Page  - 16425

Hope this articles helps you to apply the GST Fix for customers if they use that feature.

Stay tuned for more.

Regards,
Saurav Dhyani

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