JD Edwards EnterpriseOne Software Solution for GST

To meet the GST requirements specified by the tax authorities, the JD Edwards EnterpriseOne programs enable you to:

• Associate all your business units in a state as a GST unit with one GST registration number (GSTIN).

• Enter and store the GSTIN for purchasers, suppliers, and GST units.

• Calculate GST for all applicable GST types (CGST, SGST, IGST, and Cess) simultaneously through a single process.

• Maintain a unified tax table for tracking all tax transactions for all GST types (CGST, IGST, SGST, and Cess).

• Enable manufacturers and suppliers to work with the GST component of purchases and sales in the P2P and O2C cycles.

JD Edwards EnterpriseOne Solution for Goods and Services in the P2P Cycle

For a manufacturer in the P2P cycle, the JD Edwards EnterpriseOne programs enable you to:

• Create a purchase order for items that are eligible for GST.

• Receive goods with a tax component and a receipt note from the supplier.

• Enable the receiver to declare the goods and services for personal use, for which ITC cannot be claimed.

• Create an accounts payable voucher for services that are eligible for GST.

• Compute GST for all applicable GST types (CGST, SGST, IGST, and Cess) to claim ITC.

• Maintain the inbound GSTR2 report provided by the government (based on input by the supplier).

• Summarize and format the calculated GST amounts to match with the inbound GSTR2 report.

• Avail partial or full claim of the calculated GST amounts for all applicable GST types (CGST, IGST, SGST, and Cess) through a single claim process.

• Process the claim for a single tax settlement for all business units sharing the same GST registration number (GSTIN).

• Update credit balances.

• Track and report tax liability separately for different GST types.

• Distribute GST lTC to decrease tax liability.

• Create vouchers for the supplier to pay the balance liability to the tax authorities.

• Make ledger adjustments, and credit or debit adjusted amounts.

JD Edwards EnterpriseOne Solution for Goods in the O2C Cycle

To meet the GST requirements specified by the tax authorities for a supplier in the O2C cycle, the JD Edwards EnterpriseOne programs enable you to:

• Create a sales order for items that are eligible for GST.

• Compute the GST amounts for the items during the sales order creation taking into account any adjustments and discounts.

• Create accounts receivable invoices for services that are eligible for GST.

• Facilitate advance payments by customers and compute the tax on advance payment.

• Apply GST to inter-branch transactions.

• Create legal tax invoice templates.

• Authorize the shipment of items after verification of the items.

• Make ledger adjustments, and credit or debit adjusted amounts.

• Perform the sales update to maintain accurate inventory, accounts receivable, and ledger records.

• Declare manufactured goods for internal consumption and for other categories where ITC is not applicable.

• Record the bill of export information when you export goods.