Create a GSTIN master

To make the India localization solution for Goods and Services Tax (GST) in Microsoft Dynamics 365 Finance available, you must complete the following master data setup:

• Define a business vertical.
• Update the state code and union territory.
• Create a Goods and Services Tax Identification Number (GSTIN) master.
• Define GSTINs for the legal entity, warehouse, vendor, or customer masters.
• Define Harmonized System of Nomenclature (HSN) codes and Service Accounting Codes (SACs).
• Create main accounts for the GST posting type.
• Create a tax settlement period.
• Attach the GSTIN to a tax registration group.

Define company registration numbers for the GST tax type

1. Go to Tax > Setup > Sales Tax > Enterprise tax registration numbers.

2. Create a record.

3. In the Tax type field, select GST.

4. In the Registration number type field, select Company to create state-wide company registration numbers.

5. In the Type field, verify that GSTIN, GDI, and UID appear in the list, and then select a value.

6. In the Registration number field, enter a value.

7. In the Description field, enter a value.

8. In the Business vertical field, select a value.

   

9. On the Casual registration FastTab, select Add.

10. In the From date and To date fields, define the valid period for the casual registration number.

11. In the Description field, enter a value.

12. On the Number sequences FastTab, define number sequences for the GST invoice and Bill of supply references.

    • The GST invoice number sequence will be used when customer sales that have GST transactions are posted.
    • The Bill of supply number sequence will be used when customer sales that have non-GST transactions are posted.

Define vendor registration numbers for the GST tax type

1. In the Registration number type field, select Vendors to create state-wide vendor registration numbers.
2. Select New to create a record.
3. In the Tax type field, select GST.
4. In the Registration number field, enter a value.
5. In the Description field, enter a value.
6. In the Business vertical field, select a value.

Define customer registration numbers for the GST tax type

1. In the Registration number type field, select Customers to create state-wide customer registration numbers.
2. Select New to create a record.
3. In the Tax type field, select GST.
4. In the Registration number field, enter a value.
5. In the Description field, enter a value.
6. In the Business vertical field, select a value.