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NAV 2016 IN GST [12.6 MB .exe]
Indian government is introducing a new Tax called 'Goods & Service Tax (GST)' from 01-July-2017. Goods and Service Tax (GST) is an indirect tax levied on supply of goods or services or both.
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