• Goods & Service Tax (GST) Implementation for Microsoft Dynamics AX

    Goods and Service Tax Implementation

    For a seamless transition from your current tax system to GST

    Contact Us

    Goods and Service Tax Implementation

    For a seamless transition from your current tax system to GST

    Contact Us

Goods & Service Tax (GST) Implementation for Microsoft Dynamics 365 for Finance and Operation(formerly known as Microsoft Dynamics AX)

The taxation system in India is one of the most complex tax systems in the world with multiple levels of taxes with different slabs and rates. The Government of India is trying to reduce the complexity of this current system and introduce GST into pace. GST is nothing but Goods and Service tax which will be implemented in India at several levels such as CGST (Central GST), SGST (State GST), etc., which will be replacing the existing VAT, CST, excise tax, service tax, etc. It will affect the Tax Structure, Tax Incidence, Tax Computation, Tax Payment, Compliance, Credit Utilization and Reporting leading to a complete revamp of the existing indirect tax system.

Goods & Service Tax(GST) will have a significant impact on almost all commercial organizations and the software systems they use for business operations and financial transactions, for instance IT, accounting and tax compliance systems; supply chain optimization products and service pricing. The Government is committed to implement GST by April 2017 and the tax payers need to be GST compliant and can upgrade their system changes in time.

GST Implementation Services in India

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sa.global and India GST Readiness

We’re currently working on getting several of our clients in India GST ready for Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) and one of our Microsoft Dynamics 365 clients has already gone live with their systems being GST ready (as the Model draft law hasn’t yet been enacted as law, the updates are based on changes to the Model GST law up until March 2017).

A smooth transition to the new GST regime will require several things:

Microsoft Dynamics 365 for Project Service Automation (PSA)

A transition roadmap.

Microsoft Dynamics 365 for Finance and Operations (Formerly known as Dynamics AX)

Changes in business processes, so that they are aligned with the new tax regime.

Microsoft Dynamics 365 for Talent

An update of Microsoft Dynamics AX to meet the proposed structure. For example, the program must support model creation, definition of business rules, and mapping of models with business rules.

Microsoft Dynamics 365 for Sales

Training of all personnel on new processes.

Microsoft Dynamics 365 for Marketing

Preparation of various scenarios for the design and application of GST.

Microsoft Dynamics 365 Flow

Sustained implementation

We’re developing Indian GST templates for companies from multiple industries, which are currently using Microsoft Dynamics ERP to facilitate seamless and quick deployment of Indian GST. Let us do your business’ assessment and make it future ready, give us a call or please contact us for more details on GST implementation

Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) : It’s ready for GST, are you?

Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) is now ready with changes related to GST for India. Goods and Services Tax, commonly known as GST, is an integrated indirect tax which will replace and subsume all other indirect taxes on goods and services currently prevailing in our country once it comes into effect later in 2017.

To support the new regulation, Microsoft has updated Microsoft Dynamics AX 2012 R2 and Microsoft Dynamics AX 2012 R3 to support the new GST business processes (based on the Model GST law till March 2017). To help you understand the incorporation of new changes in the enterprise resource planning (ERP) tax framework, Microsoft has released the India GST Public Preview package for AX 2012 R2 and AX 2012 R3.

Microsoft Dynamics AX: It’s ready for GST, are you?

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Microsoft Dynamics AX: It’s ready for GST, are you?

Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) Roadmap

The Indian localization of Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) will provide a flexible and simplified process, so that users can comply with the complex Indian GST statutory requirements as they record transactions in Microsoft Dynamics AX. The GST ready solutions will be released for the in-market versions viz. Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2, and Microsoft Dynamics AX 2009 SP1.

If you’re on a version other than the ones mentioned here, then please contact us to learn more about how your business can be made GST ready.

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Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) and GTE (Global Tax Engine)

To address Indian GST requirements, a new, configurable tax engine is being introduced: Generic Tax Engine (GTE). GTE will take care of four major functional areas for tax:

  • Tax applicability
  • Tax calculation
  • Tax accounting
  • Tax settlement

The following illustration shows the solution architecture for GST and GTE.

To learn more about exactly how the new GTE will affect your current system, contact us.

GST Implementation Services in India

sa.global & India Tax

We’re in a unique position of being perhaps the only Partner who has been deeply involved in the development of the core tax engine for Microsoft Dynamics 365 Finance and Operations (formerly known as Dynamics AX) as well as having dome many implementations around complex financial systems. Thus we understand both the design and structure of the core engine that drives GST as well as have real-life experience in implementing it across hundreds of clients.

sa.global has been a design and development partner for Microsoft across every single localisation version of Microsoft Dynamics AX since 2005. This deep knowledge of the tax engine has helped in our implementation experience of Microsoft Dynamics ERP in Global taxation projects in countries like US, Singapore, Malaysia, Thailand etc. for their GST roll-outs.

GST Implementation Services in India

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