GST (Goods and Service Tax) credit memos for closed invoices in the Indian version of Microsoft Dynamics NAV 2016 CU 33

Government is planning to introduce a new Tax called 'Goods & Service Tax (GST)' from 01-Jul-2017. Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both. See GST White Paper June 2018 for details.

Proposed GST

• Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both.
• It is a destination/consumption based tax levy which is payable in the state in which the goods and services are consumed.
• It is levied and collected on value addition at each stage of production or distribution process (all points in supply chain).
• The supplier can avail credit on input tax credit paid on procurement of goods or services.

Components of GST

Goods outside Gamut of GST

• Petroleum products and Alcohol for human consumption are proposed to be kept out of purview of GST. Petroleum products will be brought into GST network at a later stage.
• Central Excise duty will continue on petroleum products. States will continue to impose sales tax on sale within the state on petroleum products and alcohol for human consumption.
• Tobacco products will be subject to Excise duty along with GST.

Features included in this Release

The following are included in this release

• Credit Memos for closed Invoices
• Purchases from SEZ Vendors
• GST in FA G/L Journal (Which were released as HF)
• E-Way Bill changes (Which were released as HF)

We recommend that you contact your Microsoft Dynamics Partner before installing service packs or hotfixes. It is important to verify that your environment is compatible with the service pack(s), hotfix(es), or download(s) being installed. A service pack, hotfix, or download may cause interoperability issues with customizations, and third-party products that work with your Microsoft Dynamics solutions.

As per the SPA, it is non-compliant for partners to redistribute tax and regulatory updates to ERP customers not enrolled in the Business Ready Enhancement Plan. Partners can verify their customer's status in VOICE. If they're not enrolled, Partners will need to get them current before they can distribute.

Before this update can be installed, the following prerequisites are required:

• Microsoft Dynamics ® NAV 2016 IN CU 32

Note If a customer has customizations in any objects involved in this regulatory feature, they might require your special attention.

The following objects have been added through this update. Licensing refresh is required.

The following object have been added/modified through this release:

1. New Setup fields added in existing Tables

   Table	Field	Description
   Company Information	GST Registration No.	Type: Code 15
   General Ledger Setup	GST Rounding Precision	Type: Decimal
   	GST Rounding Type	Type: Option Options are Nearest, Up, Down
   	Purch. A/C for Job Work Liab.	Type: Code 20
   	IGST Payable A/c in Import	Type: Code 20
   	GST Recon. Tolarance	Type: Decimal
   	GST Credit Adj. Jnl Nos.	Type: Code 10
   	GST Distribution Nos.	Type: Code 10
   	GST Settlement Nos.	Type: Code 10
   	GST Inv. Rounding Precision	Type: Decimal
   	GST Inv. Rounding Type	Type: Option
   	GST Inv. Rounding Account	Type: Code 20
   State	State Code for GST Reg. No.	Type: Code 2
   Structure Details	Type	Type: Option
   	Inc. GST in TDS Base	Type: Boolean
   	GST Dependence Type	Type: Option Options are –  , Bill-to Address, Ship-to Address, Location Address
   Sales & Receivable Setup	Posted Inv. Nos. (Exempt)	Type: Code 10
   	Posted Cr. Memo Nos. (Exempt)	Type: Code 10
   	Posted Inv. No. (Export)	Type: Code 10
   	Posted Cr. Memo No. (Export)	Type: Code 10
   	Posted Inv. No. (Supp)	Type: Code 10
   	Posted Cr. Memo No. (Supp)	Type: Code 10
   	Posted Inv. No. (Debit Note)	Type: Code 10
   	Posted Inv. No. (Non-GST)	Type: Code 10
   	Posted Cr. Memo No. (Non-GST)	Type: Code 10
   Purchase & Payable Setup	Posted Purch. Inv. For Unreg. Vendor	Type: Code 10
   	Posted Purch. Cr. Memo (Unreg.)	Type: Code 10
   	Posted Purch. Inv. Nos. (Unreg. Supplementary)	Type: Code 10
   	Posted Purch. Inv. Nos. (Unreg. Debit Note)	Type: Code 10
   	RCM Exemp. for Un-Reg. Ven. Start Date	Date
   	RCM Exemp. for Un-Reg. Ven. End Date	Date
   	Cr. & Libty Adj. Journal No.	Type: Code 10
   	Purch. Inv. Nos. (Reg)	Type: Code 10
   	Purch. Inv. Nos. (Reg Supp)	Type: Code 10
   	Pur. Inv. Nos.(Reg Deb.Note)	Type: Code 10
   	Purch. Cr. Memo Nos. (Reg)	Type: Code 10
   Location Setup	GST Liability Invoice	Type: Code 10
   	GST Input Service Distributor	Type: Boolean
   	Purch. Inv. Nos. (Unreg)	Type: Code 10
   	Purch. Cr. Memo Nos. (Unreg)	Type: Code 10
   	Purch. Inv. Nos. (Unreg Supp)	Type: Code 10
   	Pur. Inv. Nos.(Unreg Deb.Note)	Type: Code 10
   	GST Transfer Shipment No.	Type: Code 10
   	Posted Dist. Invoice Nos.	Type: Code 10
   	Posted Dist. Cr. Memo Nos.	Type: Code 10
   	Purch. Inv. Nos. (Reg)	Type: Code 10
   	Purch. Inv. Nos. (Reg Supp)	Type: Code 10
   	Pur. Inv. Nos.(Reg Deb.Note)	Type: Code 10
   	Purch. Cr. Memo Nos. (Reg)	Type: Code 10
   Source Code Setup	GST Liability - Job Work	Type: Code 10
   	GST Receipt - Job Work	Type: Code 10
   	Service Transfer Shipment	Type: Code 10
   	Service Transfer Receipt	Type: Code 10
   	GST Credit Adjustment Journal	Type: Code 10
   	GST Settlement	Type: Code 10
   	GST Distribution	Type: Code 10
   	GST Adjustment Journal	Type: Code 10
   Unit of Measure	GST Reporting UQC	Type: Code 10
   Return Reason	GST Reporting Reason Code	Type: Option <Blank>, Interstate, Intrastate

2. New Setup Tables:
   • GST Registration No. table

   Field	Description
   State Code	Type: Code 10
   Code	Type: Code 15
   Description	Type: Text 30
   GST Input Service Distributor	Type: Boolean

    

   • GST Accounting Period table 

   Field	Description
   Starting Date	Type: Date
   Ending Date	Type: Date
   Year Closed	Type: Boolean

    

   • GST Accounting Sub-Period table 

   Field	Description
   Accounting Period Starting Date	Type: Date
   Starting Date	Type: Date
   Name	Type: Text 10
   New Financial Year	Type: Boolean
   Due Date for Outward Supplies Returns (GSTR-1)	Type: Date
   Due Date for Inward Supplies Returns (GSTR-2)	Type: Date
   Due Date for Monthly returns (GSTR-3)	Type: Date
   Due Date for Input Service Distributor	Type: Date
   Due Date for TDS	Type: Date
   GST Payment Due Date	Type: Date
   Date Locked	Type: Boolean
   Closed	Type: Boolean

    

   • GST Component table

   Field	Description
   Code	Type: Code 10
   Description	Type: Text 50
   GST Jurisdiction	Type: Option   Options are Intrastate, Interstate
   Include Base	Type: Boolean
   Formula	Type: Code 250 Dropdown to Component table If any component is selected then it shall calculate on the value of the component selected.
   Calculation Order	Type: Integer
   Report View	Type: Option… <Blank>,CGST,SGST / UTGST,IGST,CESS
   Non-Availment	Type: Boolean

    

   • GST Group table

   Field	Description
   Code	Type: Code 10
   Description	Type: Text 250
   GST Group Type	Type: Option Options are Goods, Service
   GST Place Of Supply	Type: Option Options are  (Blank) ,Bill-to Address, Ship-to Address, Location Address
   Reverse Charge	Type: Boolean

    

   • GST Posting Setup table

   Field	Description
   State Code	Type: Code 10 Dropdown from State table
   GST Component Code	Type: Code 10 Dropdown from GST Component table
   Receivables Account	Type: Code 20 Dropdown to G/L Account table
   Payable	Type: Code 20 Dropdown to G/L Account table
   Receivables Account (Interim)	Type: Code 20 Dropdown to G/L Account table
   Payables Account (Interim)	Type: Code 20 Dropdown to G/L Account table
   Expenses Account	Type: Code 20 Dropdown to G/L Account table
   Refund Account	Type: Code 20 Dropdown to G/L Account table
   Receivable Distribution (Interim) Account	Type: Code 20 Dropdown to G/L Account table
   Receivable Distribution Account	Type: Code 20 Dropdown to G/L Account table
   GST Credit Mismatch Account	Type: Code 20 Dropdown to G/L Account table

    

   • GST Claim Setoff table

   Field	Description
   GST Component	Type: Code 10 Lookup to GST Component
   Priority	Type: Integer User will manually update the number
   Set Off Component	Type: Code 10 Lookup to GST Component

    

   • GST Configuration table

   Field	Description
   Type	Type: Options Option are Vendor, Customer
   Dispatch / Receiving State Code	Type: Code 10 Dropdown from State table
   Customer / Vendor State Code	Type: Code 10 Dropdown from State table
   GST Jurisdiction	Type: Option Options are  Intrastate, Interstate This field shall be auto updated, Intrastate shall be updated if Dispatch / Receiving State Code field value and Customer / Vendor State Code field is same else Interstate. If any one state code is blank then Interstate shall be updated.
   GST % Sate Code	Type: Code 10 Dropdown from State table

    

   • GST Details table

   Field	Description
   GST % State Code	Type: Code 10 Dropdown from State table
   GST Group Code	Type: Code 20 Dropdown from GST Group table
   GST Component Code	Type: Code 10 Dropdown from GST Component table
   Effective Date	Type: Date User needs to mention the Effective date
   GST Component %	Type: Decimal User needs to mention the GST percentage
   Include Base	Type: Boolean
   Formula	Type: Code 250 Dropdown to GST Component table
   GST Jurisdiction	Type: Option Options are: Intrastate, Interstate
   Calculation Order	Type: Integer

    

   • GST Recon. mapping

   Field	Description
   GST Component Code	Type: Code 10 Dropdown from GST Component
   GST Reconciliation field No.	Type: Integer
   GST Reconciliation field Name	Type: Text 30
   ISD ledger field No.	Type: Integer
   ISD ledger field Name	Type: Text 30

    

   • GST Component Distribution

   Field	Description
   GST Component Code	Code 10 GST Components shall be selected from drop down
   Distribution Component Code	Code 10 GST Components shall be selected from drop down
   Intrastate Distribution	Boolean
   Intrastate Distribution	Boolean

    

   • GST Setup

   Field	Description
   GST State Code	Type: Code 10 Dropdown from State table
   GST Group Code	Type: Code 20 Dropdown from GST Group table
   GST Component Code	Type: Code 10 Dropdown from GST Component table
   Effective Date	Type: Date User needs to mention the Effective date
   GST Component %	Type: Decimal User needs to mention the GST percentage
   Include Base	Type: Boolean
   Formula	Type: Code 250 Dropdown to GST Component table If any component is selected then it shall calculate on the value of the component selected.
   Calculation Order	Type: Integer
   Threshold Amount	Type: Integer
   Before Threshold %	Type: Decimal User needs to mention the GST percentage before crossing Threshold Limit
   Component Calc. Type	Type: Option Options are: Blank, General, Threshold, Cess %, Cess % + Amount/Unit Factor, Cess % Or Amount/Unit Factor Whichever Higher and Amount/Unit Factor
   Cess Amount Per Unit Factor	Type: Decimal
   Cess UOM	Type: Code 250 Dropdown to Units of Measure table
   Cess  Factor Quantity	Type: Decimal
   Non-Availment	Type: Boolean

    

   • GST Component Distribution

   Field	Description
   GST Component Code	Code 10 GST Components shall be selected from drop down
   Distribution Component Code	Code 10 GST Components shall be selected from drop down
   Intrastate Distribution	Boolean

    

   • Bank Charge Deemed Value Setup

   Field	Description
   Bank Charge Code	Type: Dropdown To provide dropdown to Bank Charges Master Mandatory Field
   Lower limit	Type: Decimal
   Upper limit	Type: Decimal Mandatory Field
   Formula	Type: Option Deemed%/Fixed/Comparative/Fixed+Deemed %/Fixed+Comparative
   Min. Deemed Value	Type: Decimal
   Max Deemed Value	Type: Decimal
   Deemed %	Type: Decimal
   Fixed Amount	Type: Decimal

    

   • GST Journal Template

   Field	Description
   Name	Type: Code 10
   Description	Type: Text 80
   Page ID	Type: Integer
   Type	Type: Option  (' ' , 'GST Adjustment Journal')
   Source Code	Type: Code 10
   Reason Code	Type: Code 10
   Page Name	Type: Text 80
   Bal. Account Type	Type: Option ('G/L Account', 'Customer', 'Vendor', 'Bank Account')
   Bal. Account No.	Type: Code 20
   No. Series	Type: Code 10
   Posting No. Series	Type: Code 10

    

   • GST Journal Batch

   Field	Description
   Journal Template Name	Type: Code 10
   Name	Type: Code 10
   Description	Type: Text  50
   Reason Code	Type: Code 10
   Bal. Account Type	Type: Option  ('G/L Account', 'Customer', 'Vendor', 'Bank Account')
   Bal. Account No.	Type: Code 20
   No. Series	Type: Code 10
   Posting No. Series	Type: Code 10
   Template Type	Type: Option  (' ' , 'GST Adjustment Journal')
   Location Code	Type: Code 10
   Source Code	Type: Code 10

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