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Create main accounts for the GST posting type

  • Artikkeli

To make the India localization solution for Goods and Services Tax (GST) in Microsoft Dynamics 365 for Finance and Operation 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.

Follow these steps to create main accounts for the GST posting type.

  1. Go to General ledger > Chart of Accounts > Accounts > Main accounts.
  2. Create a record.
  3. In the Main account field, enter a value.
  4. In the Name field, enter a value.
  5. On the General FastTab, in the Main account type field, select a value.
  6. On the Setup FastTab, in the Posting type field, select GST.
  7. Repeat steps 2 through 6 to create all the required state-wide ledger accounts.

Main accounts for the GST posting type.