Tax Configuration Setup in D365 Finance & Operations

Requirement

In the previous blog where we learned how to Import Tax (India GST) from Electronic Reporting. After Importing the Tax (India GST) from Electronic Reporting it is required to do the Tax setup in the Tax module of D365 Finance & Operations as we can see in the below screenshot it is blank. 

To do the complete setup of GST for any legal entity we need to create a Tax setup where the tax rate is defined. So in this blog, we will see how to create a Tax setup, a complete tax rate setup is not covered under this blog.

Configuration Step

1. Go to Tax > Setup > Tax Configuration > Tax Setup.

Click on NEW to create GST setup

After clicking on the save Configuration button got enabled, After this click on NEW under the Companies Fast Tab to add the company for which tax configuration is to be done.

Select the Company and then click on Configuration

2. Tax Setup > Configuration > Tax Configuration

Select the Tax version that has been imported from electronic reporting and that organization need to activate. 

3. Click Synchronize to sync the selected version of Tax

Dialogue box will Open, Now Click OK

4. After Synchronization Activate button will be enable, to activate the recent version click on Activate    

5. Go to Setup to select the tax type mapping (In our case it is GST)

Addition Information:

1. After Activate Deactivate button will be enabled and NAME and VERSION information will be updated in the field

2. Click on setup to do the Tax rate setup component wise and other information like GST registration number, posting type main account mapping etc.

Thank You!

Happy Learning