web
You’re offline. This is a read only version of the page.
close
Skip to main content

Notifications

Announcements

No record found.

News and Announcements icon
Community site session details

Community site session details

Session Id :
Dynamics 365 Community / Forums / Microsoft Dynamics AX (Archived) / GST blocked for settle...
Microsoft Dynamics AX (Archived)

GST blocked for settlement

(0) ShareShare
ReportReport
Posted on by Community Member

Hi,

My client has a a sale tax code GSTBLOCKED where they are paying tax to vendor as a expense while raising invoice (created tax account as expense account) and it should not settled against payable. Although at the time of calculation direction is showing as "sale tax expense" But at the time of sale tax payment (settlement) that expenses account is also settling off with payable likewise sale tax receivable.  

Please let me know what I have missed to achieve this condition.

*This post is locked for comments

I have the same question (0)
  • Suggested answer
    ZvikaR Profile Picture
    ZvikaR 168 on at

    There are 2 things that need to be configured in order to "set aside" some GST :

    1. On the sales tax code/Values form: I am guessing your "non-deductible %" is 0% (if that was not the case, the GST amount would have gone to the original invoice expense, and not to a separate "GST receivable" account.

    Can you confirm that?

    2.  The GSTBLOCKED code is assigned to the same Ledger Settlement Period as the rest of the codes.

    In order to exclude it from clearing and getting pulled into the payment process, this code needs to be flagged to a different Ledger Settlement Period.

  • ZvikaR Profile Picture
    ZvikaR 168 on at

    did that answer your question? if so, please mark the thread as closed.

Under review

Thank you for your reply! To ensure a great experience for everyone, your content is awaiting approval by our Community Managers. Please check back later.

Helpful resources

Quick Links

Responsible AI policies

As AI tools become more common, we’re introducing a Responsible AI Use…

Neeraj Kumar – Community Spotlight

We are honored to recognize Neeraj Kumar as our Community Spotlight honoree for…

Congratulations to the November Top 10 Community Leaders!

These are the community rock stars!

Leaderboard > 🔒一 Microsoft Dynamics AX (Archived)

#1
Martin Dráb Profile Picture

Martin Dráb 4 Most Valuable Professional

#1
Priya_K Profile Picture

Priya_K 4

#3
MyDynamicsNAV Profile Picture

MyDynamicsNAV 2

Last 30 days Overall leaderboard

Featured topics

Product updates

Dynamics 365 release plans