GST Updates for Microsoft Dynamics NAV – India

by jatinmittal1822 | Jun 23, 2017 | Microsoft Dynamics NAV 2013, Microsoft Dynamics NAV 2013 R2​, Microsoft Dynamics NAV 2016, Tax ＆ Regulatory Updates

Yesterday, Microsoft has released GST Updates for Microsoft Dynamics NAV – India

https://mbs.microsoft.com/customersource/Global/NAV/downloads/tax-regulatory-updates/MDNAV2016GSTIN

Direct download links:

NAV 2013 R2 Phase 2 [12.4 MB]

NAV 2016 IN GST [12.6 MB .exe]

Features included in this Release

• Credit Flow changes ( from Interim to Recoverable account)

• Sub-Contracting changes

• Exempted Good & Service for Service transfers and Service management

• Input Service Distribution transaction changes based on Credit flow changes

• Reconciliation changes based on revised Credit flow

• Cr. Adjustment journal changes based on revised Credit flow

• Advance Payment application changes (based on rules released on 3rd Jun )

• Reverse Charge changes based on services ( based on rules released on 3rd Jun)

Features excluded in this Release

• As per rules released in June’17, there are substantial changes in following features and will be delivered in Aug’17 release.

• GST TDS / TCS

• Settlement

• Input Service Distribution (only distribution part)

• GSTR returns (1, 2, 6 & 8)

• GSTR 3B – formats not released yet

• GSTR file formats