Microsoft Dynamics 365 includes a feature called Enable tax exemption for the ‘price includes sales tax’ scenario. When this feature is enabled, an option called Calculate price inclusive tax exempt appears on the General FastTab for store and call center settings. If this option is set to Yes, prices in tax-inclusive scenarios are adjusted when the transaction or specific taxes in the transaction should be exempted. When store-based taxes are used, you can apply these exemptions by using tax overrides. When customer-based taxes are used at the store, the exemptions are automatically applied based on the customer’s tax settings.
Setup- 1: Customer Posting Group: Map PIT Difference Account
Setup- 2: Structure: Tick on Include PIT Calculation
Transaction: Sales Order / Sales Invoice:
- Enter Unit Price Incl. of Tax: 1180.00/-
System will calculate automatically Unit Price Excl. Tax and Line Amount Excl. Tax. Based on inserted Unit Price Incl. of Tax and GST Group
Customer Ledger Entries:
Detailed GST Ledger Entry
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