India GST GA Release – Release note for Microsoft Dynamics AX 2012 R3, AX 2012 R2, and Microsoft Dynamics AX 2009 SP1

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Summary

GST is an organisation-wide transformational change that will impact the entire value chain of operations, including procurement, manufacturing, distribution, warehousing, sales, and pricing.

It is a destination-based tax that should replace the current Central taxes and duties such as Excise Duty, Service Tax, Counter Vailing Duty (CVD), Special Additional Duty of Customs (SAD), central charges and cesses and local state taxes, i.e., Value Added Tax (VAT), Central Sales Tax (CST), Octroi, Entry Tax, Purchase Tax, Luxury Tax, Taxes on lottery, betting and gambling, state cesses and surcharges and Entertainment tax (other than the tax levied by the local bodies).

To support the new regulation, Microsoft is releasing India GST hotfix patch to update Microsoft Dynamics AX 2012 R3, AX2012 R2 and AX AX2009 SP1 to support business processes with new GST regulations. As the final GST law and law enforcement date is yet to be announced by the Government, the new updates to AX 2012 R3, AX 2012 R2 and AX2009 SP1 are based on draft Model GST law updated through April 2017 (For more information about the law, visit www.cbec.gov.in). To help you understand the GST specific changes in the enterprise resource planning (ERP) tax framework, Microsoft is releasing India GST package for AX 2012 R2, AX 2012 R3 and AX 2009 SP1.

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More information

Microsoft will continue to release India GST features and updates, based on changes in the final GST laws.

Main scope

Here are the main features that are part of the GA Release

Outward supply transactions

(sales order, export order, free text invoice, General journal, and project invoice)

Business-to-Business (B2B)

Interstate/intrastate
- Goods
- Services

Business-to-Consumer (B2C)

Interstate/intrastate
- Goods
- Services

Interunit stock transfer

Exempt sales

Export sales

Overseas export
- Zero-rated export
- Deemed export

Supply to Government

GST_TDS on payment

Project supply

Project contract
Project Quotation

Adjustment against outward supplies

Debit/credit note

Customer return

Tax Invoice / Bill of Supply

Free text (supplementary invoice)

Revised Invoice, Revised Debit/Credit Note, Revised customer payment Journal

Inward supply transactions

(Purchase Requisition, Purchase order, Import order, Invoice Journal, General Journal )

Registered supplier

Normal supply
- Interstate/intrastate
  - Goods
  - Services

Reverse charge supply

Interstate/intrastate
- Goods
- Services

Unregistered supplier

Normal supply
Reverse charge supply

Composition supplier

Another supplier

Zero-rated
Exempted
Non-GST

Foreign supplier

Normal import supplier
- Goods
- Service
Associate enterprise supplier

Adjustment against inward supplies

Debit/credit note

Revised Invoice, Revised Debit/Credit Note, Revised vendor payment Journal

GST settlement

Settlement hierarchy
Manual adjustment of tax settlement
Rule-based tax settlement

Retail transactions that are covered:

Intrastate and interstate transactions
Normal sales
Customer order
Return order
GST price inclusive
GST price exclusive
Discounts and offers
Exempted sales
Replenishment
Uniform invoice number and POS receipt number

GST Reports (CSV file)

GSTR-1
GSTR-2

Note: Microsoft Corporation (or one of its affiliates, depending on where you live) licenses this supplement to you. You may use it together with each validly licensed copy of AX2009 SP1, AX 2012 R2 and AX 2012 R3. You may not use the supplement if you don’t have a license for the software. The license terms for the software apply to your use of this supplement. To read the license terms, go to the Help menu in the software. Microsoft provides support services for the supplement as described at www.support.microsoft.com/common/international.aspx.

This document is provided “as-is.” Information and views expressed in this document, including URL and other Internet Web site references, may change without notice. You bear the risk of using it.

Some examples are for illustration only and are fictitious. No real association is intended or inferred.

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