Create a tax settlement period

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.

Follow these steps to create a tax settlement period.

1. Go to Accounts payable > Vendors > All vendors, and create a vendor GST authority.

   

2. Go to Tax > Indirect tax > Sales tax > Sales tax authorities, create a tax authority, and assign the vendor account that you created in the previous step.

   

3. Go to Tax > Indirect tax > Sales tax > Sales tax settlement periods, and create a tax period for GST.