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.
Microsoft will continue to release India GST features and updates, based on changes in the final GST laws.
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)
Interunit stock transfer
- Overseas export
- Zero-rated export
- Deemed export
Supply to Government
- GST_TDS on payment
- Project contract
- Project Quotation
Adjustment against outward supplies
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 )
- Normal supply
Reverse charge supply
- Normal supply
- Reverse charge supply
- Normal import supplier
- Associate enterprise supplier
Adjustment against inward supplies
- Debit/credit note
Revised Invoice, Revised Debit/Credit Note, Revised vendor payment Journal
- 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
- Uniform invoice number and POS receipt number
GST Reports (CSV file)
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.
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You must have one of the following products installed to apply this hotfix:
- Microsoft Dynamics AX 2012 R3
- Microsoft Dynamics AX 2012 R2
- Microsoft Dynamics AX 2009 SP1
How to obtain the Microsoft Dynamics AX updates files
This update is available for manual download and installation from the Microsoft Download Center.