Its great news, Microsoft Dynamics 365 Finance and Operation for India Localization is released. The release version name is Finance and Operations, Enterprise edition 7.3
Microsoft has given following features for the India.
- Withholding tax, including TDS and TCS.
- Fixed assets, including depreciation as per the Companies act, depreciation as per the Income tax act, and special depreciation.
- Value-added tax (VAT).
- Custom duty and India Goods and Services Tax (GST)
Tax Engine (GTE) – India GST only
The Tax Engine (GTE) is an essential part of the configurable business application experience in Finance and Operations. It is highly customizable and lets a business user, functional consultant, or power user configure tax rules that determine tax applicability, calculation, posting, and settlement, based on legal and business requirements. Tax configuration is more flexible with GTE. It provides an easier extension experience; almost no code change is required for the data provider in the AOT to support extension scenarios. . .
In next article, I will elaborate you additional functionality, which Microsoft has provided. . .
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