You use the import GST feature when you need to post a document where the entire amount must be treated as GST. This is necessary if you receive a GST invoice from the tax authorities for imported goods.
To set up codes for import GST
In the Search box, enter GST Product Posting Groups, and then choose the related link.
In the GST Product Posting Groups window, set up a new GST posting group for import GST.
In the Search box, enter GST Posting Setup, and then choose the related link.
In the GST Posting Setup window, set up a new line. You may use any of your existing GST business posting groups in combination with the new GST product posting group for import GST.
To view the options, choose the GST Calculation Type field and then select the option Full GST.
In the Input Tax Credit Account field, enter the general ledger account that must be used for posting import GST. You do not have to enter any other general ledger accounts on the line.
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For more information about how to work with fields and columns, see Working with Microsoft Dynamics NAV. For more information about how to find specific pages, see Search. |