Hello Friends,
Microsoft India has release the New Update for GST as per new rule draft on 3rd June 2017
Features included in this Release
- Credit Flow changes ( from Interim to Recoverable account)
- Sub-Contracting changes
- Exempted Good & Service for Service transfers and Service management
- Input Service Distribution transaction changes based on Credit flow changes
- Reconciliation changes based on revised Credit flow
- Cr. Adjustment journal changes based on revised Credit flow
- Advance Payment application changes (based on rules released on 3rd Jun )
- Reverse Charge changes based on services ( based on rules released on 3rd Jun)
Features excluded in this Release
- As per rules released in June'17, there are substantial changes in following features and will be delivered in Aug'17 release.
- GST TDS / TCS
- Settlement
- Input Service Distribution (only distribution part)
- GSTR returns (1, 2, 6 & 8)
- GSTR 3B – formats not released yet
- GSTR file formats
Get the more detail at :
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