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Overview of Dynamics 365 Business Central October ’18 release

With the October ’18 release, Dynamics 365 Business Central is available in the cloud, on-premises, and in hybrid deployments. Pick your flavor of Business Central, or use your existing on-premises solution of Dynamics GP, Dynamics NAV, or Dynamics SL and connect to the cloud through Business Central.

Business Central partners get a portal to facilitate their interactions with customers and to manage the lifecycle of their applications and customizations. Business users get a further streamlined and refreshed user experience with many productivity improvements, facilitating heavy transactional users. The service is also going through a hardening process, with much improved resiliency, robustness, and performance across the application.

Download the October ’18 Release Notes PDF

Summary of what’s new in Dynamics 365 Business Central

This topic lists the features planned for release in Microsoft Dynamics 365 Business Central between October 2018 and March 2019.

Feature Release type Target release month
Productivity features for desktop users General Availability October 2018
Accessibility features for desktop users General Availability October 2018
Refreshed experience on major desktop screens General Availability October 2018
Business Central everywhere General Availability October 2018
Combined mobile/companion app for Business Central General Availability October 2018
Enhanced Power BI embed experience General Availability October 2018
Permission sets are editable General Availability October 2018
Tenant administration for VARs General Availability October 2018
Improved Visual Studio Code AL experience General Availability October 2018
Localization apps and translation apps General Availability October 2018
Intelligent edge for Dynamics GP, Dynamics SL, and Dynamics NAV General Availability October 2018
Additional productivity features for desktop users Unscheduled
Refreshed experience on additional desktop screens Unscheduled

Business Central everywhere – cloud, hybrid, and on-premises availability

Business Central gets an on-premises deployment option that serves as a successor to Dynamics NAV. In other words, rather than a new version number for Dynamics NAV, customers can get Business Central on-premises. The experience for partners and customers on-premises is no different from the familiar Dynamics NAV upgrades, except for the change in name. This is a convergence point for Dynamics SMB products—going forward, they are all considered customers of Business Central, in the cloud or on-premises, even if they are running differently branded products such as Dynamics SL, Dynamics GP, and older versions of Dynamics NAV.

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/business-central-everywhere

High productivity user experience

Get more work done with productivity features such as filtering of lists and totals, and copy and paste. With a host of new keyboard shortcuts to accelerate your business tasks, and improved keyboard navigation throughout, Business Central is ready to support the diverse needs of your workforce. Get to your data faster with improved search for pages, reports, and Help documentation.

Business users get a fresh and modern experience in all main screens of Business Central. Whether you are accessing your data from the browser or the Windows 10 desktop app, you will experience a consistently smooth, intuitive, and modern interface as you transition across role centers, lists, worksheets, transaction documents, or details pages (such as the customer card).

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/high-productivity-user-experience

Enhanced Power BI embed experience

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/enhanced-power-bi-embed-experience

Permission sets are editable

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/editablepermissionsets

Intelligent edge for Dynamics GP, Dynamics SL, and Dynamics NAV

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/dynamics-intelligent-edge

Tenant administration

Business Central partners manage the lifecycle of the tenant through the Dynamics 365 Business Central administration center. The administration center is the portal for VARs to engage with customers and manage health, troubleshooting, notifications, and sandboxes of the customer tenant.

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/var-tenant-administration

Improved Visual Studio Code AL experience

Be more productive when developing and troubleshooting extensions with new and improved developer tools, such as sandbox environments with production data, improved breakpoint support, better inline Help, ability to trace raised events in a given user scenario, support for .NET Interop for on-premises deployments, extension support for enums, report data set and field groups, and more.

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/visual-studio-code-improvements

Making Business Central available in new markets

Business Central has a combined localization strategy inclusive of both Microsoft-led and partner-led models. We continue to respond to partner-led scenarios and anticipate additional countries being delivered via localization app extensions in Microsoft AppSource. Additionally, Microsoft will also deliver a localized version of Business Central in Iceland, Norway, and Mexico in this release.

https://docs.microsoft.com/en-us/business-applications-release-notes/October18/dynamics365-business-central/localization

Aligning the Object Range Request Process for Microsoft Dynamics 365 Business Central and Microsoft Dynamics NAV

As of April 2 2018, Microsoft is launching a new object range request process for Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central.

Partners looking to register a solution for:

  • Microsoft Dynamics NAV
  • Microsoft Dynamics 365 Business Central, or
  • Both products

should submit a completed Microsoft Dynamics Object Range Request Form to their Regional Operations Center for processing.

Partners who intend to develop their solution for both products can choose to develop their solution using the same object range for both products or have a separate range for Microsoft Dynamics NAV and Microsoft Dynamics 365 Business Central.

Partners who only intend to develop their solution for Microsoft Dynamics 365 Business Central need only to complete Phase 1 of the Microsoft Dynamics Object Range Request Form.

Partners who intend to develop their solution for Dynamics NAV should also complete Phase 3 of the Microsoft Dynamics Object Range Request Form.

For more information on this change, please see the New Object Range Request Process – FAQ

New Object Range Request Process – FAQ

Additional Resources

Developing a Microsoft Dynamics 365 Business Central Extension

Microsoft Dynamics NAV Registered Solution Program (RSP)

GST India – Goods & Service Tax

gst

Goods and Service Tax is being glorified as a system of taxation by which economy will take an upward swing and further it will ease the trade and industry with respect to the indirect tax system of the country. “Only one” indirect tax has to be paid by the trade and industry and all the other indirect taxes will be subsumed in GST.

What is GST?

GST is a consumption based tax levied on sale, manufacture and consumption on goods & services at a national level. This tax will be substitute for all indirect tax levied by state and central government. Exports and direct tax like income tax, corporate tax and capital gain tax will not be affected by GST. GST would apply to all goods other than crude petroleum, motor spirit, diesel, aviation turbine fuel and natural gas. It would apply to all services barring a few to be specified. With the increase of international trade in services, GST has become a global standard. The proposed tax system will take the form of “dual GST” which is concurrently levied by central and state government.

This will comprise of:

  • Central GST (CGST) which will be levied by Centre
  • State GST (SGST) Which will be levied by State
  • Integrated GST (IGST) – which will be levied by Central Government on inter-State supply of goods and services.

Many taxes has been subsumed under GST which are as under

Central Indirect Taxes &

Levies

Central Excise Duty
Additional Excise Duties
Excise Duty levied under the

Medicinal Preparations (Excise

Duties) Act, 1955

Service Tax
Additional Customs Duty (CVD)
Special Additional Duty of

Customs

Central Surcharge and Cess
State Indirect Taxes &

Levies

VAT / Sales Tax
Entertainment tax (other than

the tax levied by local bodies)

Central Sales Tax
Octroi and Entry Tax
Purchase Tax
Luxury Tax
Taxes on Lottery
Betting and Gambling
State Cesses and Surcharges

 

Who will pocket taxes?

  • For Intra State Transactions: In case of Intra State transactions, Seller collects both CGST & SGST from the buyer and CGST needs to be deposited with Central Govt. and SGST with State Govt.
  • For Inter State Transactions: Integrated Goods and Service Tax (IGST) shall be levied on Inter State transactions of goods and services which are based on destination principle. Tax gets transferred to Importing state. More over it is proposed to levy an additional tax on supply of goods, not exceeding one percent, in the course of inter-state trade or commerce, to be collected by the Central Govt. for a period of two years, and assign to the States where the supply originates. Valuation of stock transfers to be determined. Exports and Supplies to SEZ units will be zero rated.

Setoff of IGST, CGST & SGST will be as follows in the below mentioned chronological order only.

Credit of To be Adjusted with
IGST 1) IGST
2) CGST
3) SGST
CGST 1) CGST
2) IGST
SGST 1) SGST
2) IGST

What impact GST will have on pricing of products as compared to current scenario?

Let us take an EXAMPLE to understand this clearly.

capture

In the above example, you can note that the tax paid on sale within state can be claim against tax paid on sale outside state in GST system, which is not in present tax system.

The credit of CGST cannot be taken against SGST and credit of SGST cannot be taken against CGST but both credits can be taken against IGST.

ENROLLMENT & REGISTRATION:

  • NSDL has been appointed to incubate the GST Portal and develop its functionality. NSDL has created a pilot portal known as “GST Pilot Portal”
  • Here, every tax payer will be issued a 15 digit common identification number which will be called as “Goods & Service Tax Identification Number” (GSTIN) a PAN based number.
  • Online application form for dealers will be available to provide their details and upload documents.
  • Registration includes basic steps like register themselves on the Enrolment page, and then Login using the given “User ID” and “password”, filling the application form by uploading the requisite documents related to excise, Service Tax, IEC, CIN, Professional Tax number, Shops & Establishment Number and any other state specific registration numbers, contact numbers, postal address & E-mail address of business entity, bank account details including MICR code, place of business, details of goods & services, scanned signed photographs.

Like, every coin has two sides, even this concept of GST has its own positives and negatives, we leave on the reader to decide for them the impact of GST whether on micro or macro level.

Positive Aspects

  1. The main reason to implement GST is to abolish the cascading effect on tax. A product on which excise duty is paid can also be liable for VAT. Suppose a product A is manufactured in a factory. As soon as it releases from factory, excise duty has to be paid to central government. When that product A is sold in same state then VAT has to be paid to state government. Also no credit on excise duty paid can be taken against output VAT. This is termed as cascading effect since double tax is levied on same product.
  2. The GST is being introduced to create a common market across states, not only to avoid enfeebled effect of indirect tax but also to improve tax compliance.
  3. GST will lead a more transparent and neutral manner to raise revenue.
  4. Price reduction as credit of input tax is available against output tax.
  5. Simplified and cost saving system as procedural cost reduces due to uniform accounting for all types of taxes. Only three accounts; CGST, SGST, IGST have to be maintained.
  6. GST is structured to simplify the current indirect system. It is a long term strategy leading to a higher output, more employment opportunities, and economic boom.
  7. GST is beneficial for both economy and corporations. The reduced tax burden on companies will reduce production cost making exporters more competitive.

Negative Aspects

  1. GST is being referred as a single taxation system but in reality it is a dual tax in which state and centre both collects separate tax on a single transaction of sale and service.
  2. At present the main Indirect tax system of central Government is central excise. All the goods and commodities are not covered by the central excise and further there is an exemption limit of Rs. 1.50 Crores in the central excise and further traders are not liable to pay central excise. The central excise is payable up to the stage of Manufacturing but now GST is payable up to the stage of sale.
  3. Majority of dealers are not covered with the central excise but are only paying VAT in the state. Now all the Vat dealers will be required to pay “Central Goods and service tax”.
  4. The calculation of RNR (Revenue Neutral Rate) is very difficult and further Govt. wants to enhance its revenue hence rate of Tax will be a problem. As per the News reports the proposed rate for State GST is 12% and Central GST is 14% Plus Govt. wants to impose 1% CST at the initial stage of GST on the interstate sale of Goods and services. So the normal rate of overall tax will be 26%. This rate is very high comparing to the fact that small and medium Industries are at present not covered by the central excise and most of the Goods such as agricultural products are out of the preview of the Central Excise.
  5. Improvement in the Manufacturing and distribution of Goods and service, increase in exports, various reforms, check on corruption, less Government control are some of the factors which are responsible for the economic growth of the country. A tax system can make a revolution in the economy of the country is “rarest of the rare” thing.

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