GST Phase 3 – Goods and Service Tax Implementation for NAV 2013 R2 – India

by jatinmittal1822 | Sep 21, 2017 | Microsoft Dynamics NAV 2013 R2​, Tax ＆ Regulatory Updates

Two days back, Microsoft has released GST Updates Phase 3 for Microsoft Dynamics NAV 2013 R2 – India

https://mbs.microsoft.com/customersource/Global/NAV/downloads/tax-regulatory-updates/msdnav2013r2goodstaxindiaph3

Direct download links:

NAV 2013 R2 – Release 3 [14.6 MB – EXE]

Features included in this Release

• Settlement (based on Credit flow changes)

• Input Service Distribution Transactions (based on Credit flow changes)

• Input Service Distribution (Distribution part)

• Changes in Credit Note linking with Invoice Purchase import & Credit Memo – calculation based on assessable value.

• Same HSN in multiple groups

• Associate enterprises vendors for Goods invoices

• Customer Type – SEZ units & SEZ development

• Vendor type – SEZ

• GSTR 1 file format

• GSTR 3B Rate Slab (GST rate per quantity)

• Advance payment application in combination with GST & TDS / TCS

Features excluded in this Release

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

  • • GSTR returns file formats (3, 6 & 8)

    • GST on Bank Charges

    • To calculate IGST when transferring Items from bonded warehouse

    • Credit Memo without Application

    • Cost Amount (Actual) is incorrect in the Value Entries created

    • Location Code is mandatory for advance and normal payments

    • GST Group Type = Item for Type = G/L Account in Document lines

    • Different GST Group and HSN/SAC Codes in Advance Payment and Invoices