Can Navision MY 4.0SP3 handle India taxes?

ykcheong
ykcheong Member Posts: 32
edited 2008-03-29 in NAV/Navision Classic Client
Dear all,

My client is using Navision MY 4.0SP3 and they want to add a new company for India in their current database. Can Navision MY 4.0SP3 handle India taxes or they need to purchase the Navision 4.0SP3 with India Localization?

If Navision MY 4.0SP3 can handle India taxes, how to setup the taxes in order to print the tax documents?

Thank you for your advise.

Best regards,

YK Cheong

Comments

  • David_Singleton
    David_Singleton Member Posts: 5,479
    ykcheong wrote:
    Dear all,

    My client is using Navision MY 4.0SP3 and they want to add a new company for India in their current database. Can Navision MY 4.0SP3 handle India taxes or they need to purchase the Navision 4.0SP3 with India Localization?

    If Navision MY 4.0SP3 can handle India taxes, how to setup the taxes in order to print the tax documents?

    Thank you for your advise.

    Best regards,

    YK Cheong

    All most certainly it can not, though it depends which taxes because India has lots of them.

    My suggestion would be to buy an external thrid party product to handle taxes out side of Navision.

    PS I assume you mean VAT, Sales tax excise etc.
    David Singleton
  • rajpatelbca
    rajpatelbca Member Posts: 178
    i think your client has to purchase Nav 4.0 SP3 version with inidan localization. because there are lots of tax service tax, sales tax,VAT, Excise, Frienge benefit tax etc. if your client belongs form service sector then TDS(Tax deducted at source ),TCS(Tax collected at source) is also applicable.
    Experience Makes Man Perfect....
    Rajesh Patel
  • darshanm
    darshanm Member Posts: 280
    Dear Freind,

    NAV SP3 India version handles almost all the Indian localization.
    I belong to India's No.1 tax consultant company PriceWaterhouseCoopers.
    We also implement Navision/Axepta/SAP/Oracle.

    If its not confidential then can you share with from which organization you
    belongs to. We can assist you in implementing NAV with Indian
    localization version.


    for more details you can write me at

    darshan.mungekar@in.pwc.com
    1979.darshan@gmail.com

    Regards,

    Darshan Mungekar
    Consultant
    PriceWaterHouseCoopers
    http://www.pwc.com/
    Darshan Mungekar
    Senior Consultan
  • ykcheong
    ykcheong Member Posts: 32
    Dear David, Rajpatelbca and Darshanm,

    Thank you so much for your advise. I really appreciate it.

    Best regards,
    Cheong
  • ssingla
    ssingla Member Posts: 2,973
    darshanm wrote:
    Dear Freind,

    NAV SP3 India version handles almost all the Indian localization.
    I belong to India's No.1 tax consultant company PriceWaterhouseCoopers.
    We also implement Navision/Axepta/SAP/Oracle.

    If its not confidential then can you share with from which organization you
    belongs to. We can assist you in implementing NAV with Indian
    localization version.


    for more details you can write me at

    darshan.mungekar@in.pwc.com
    1979.darshan@gmail.com

    Regards,

    Darshan Mungekar
    Consultant
    PriceWaterHouseCoopers
    http://www.pwc.com/

    Nice way of marketing for the company.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • ssingla
    ssingla Member Posts: 2,973
    Most taxes in India depends on the type of company i.e. Manufacturing, Trading, Service but few of them are common and I don't think any other localization can handle the same.

    There can be two approaches you can follow after considering the cost-benefit analysis/VED Analysis :

    a) Purchase Indian License and consolidate two databases.

    b) Merge Indian localization in US database in customized objects.

    Approach "b" will be cumbersome & costly but gives the advantage of single database. I have seen the same in company "Ingersoll Rand". The MIS reports of the consolidated company was easy to extract and use.

    Also there are certain companies which manages the localization features in manual books and run the standard database.

    Just a tip of iceberg....
    CA Sandeep Singla
    http://ssdynamics.co.in

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