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GST Rates in Business Central

💁Overview on the Concept of "Goods & Services" (GST) Tax in Business Central:- ✅GST (Tax Components) = IGST || CGST | SGST || UTGST. ✅The Explanated Theory is based on our Indian Localization. ✅In BC, GST Rates would be defined through "GST Rates" Setup (page). ✅You may Learn from the shared video that How to define "GST Rates" Lines in Business Central. AND, Here I have explained the easiest process to create GST Rates Lines in BC. ➡️Standard Concept of GST: Goods & Services Tax (GST) levied/chargeable on both the thing related with Goods and (as well as) Services. This is a Transaction based Tax, charged on End-User (by Consumption). But, Tax burden passes from the removal of the goods from the store/warehouse/godown. The GST Tax, covered under Indirect Taxation. ■ GST Tax Components are as follows; 🌿(1) GGST, and 🌿(2) SGST, or UTGST, or 🌿(3) IGST Local or State GST Tax would be charged as SGST (State Goods & Services Tax). Central Tax, would be charged as CGST (Central Goods & Services Tax). □ State GST = Intra State Tax (Within the same State Territory), 'or' Local State Tax, and it is includes UTGST (Union Territory Goods & Services Tax). □ Central GST = Charged by the Central Government. □ IGST (Integrated Goods & Services Tax) = This is based on Inter State Tax (Transaction between two states, 'or' outside the state territory). --------------------------------- 🙋To know more details on GST Tax, search this topic using Search Engine. ---------------------------------- This channel has been designed to "Resolve" short problems or you can say support related issues. Here, using this platform, I am trying to provide Solution on those support issues. So, why are you waiting for. You all are just a single click away to start learning something new in a different 'n' unique way, with a Freelancer like me ! ________________________ Freelancing Website🌐: ➡️🔗www.NavisionFunctionalExpert.com ____________________________________________ Visit the Short-Blog section of the Website. ➡️📝🔗https://navisionfunctionalexpert.com/... ____________________________________________ #gstrates #d365bc #microsoft #dynamicsnav #dynamics365businesscentral #businesscentral #navision #microsoft #microsoftlearn