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Localization Roadmap India

Contents

Introduction

This is the roadmap of the India localization for Openbravo 3

Differentiation of Community Edition and Professional Edition

India Localization is available in two different editions:

The features included in this roadmap are planned to be delivered in future versions of the localization, either as part of the community edition or as part of the professional edition.

Availability and Deliverables

Availability dates included in this roadmap are estimated availability dates of delivering the features listed below on the last Openbravo 3 MP in "Confirmed Stable" status.

The key to understand new features availability is:

General Principles

Note : At present we are primarily focusing on GST. We have made our first release on GST in July 2017. later we made subsequent releases. Latest is GST Advance Tax and GSTR 1 (revised) offline utility.

List of Projects

FUNCTIONAL MODULES LICENSE TYPE STATUS DOCUMENTATION LAST VERSION RELEASE DATE
TDS Return Form 26Q

- Form 26Q is required to be submitted for TDS details on all payments other than salary on a quarterly basis by the deductor.
- Form 26Q is applicable for TDS deducted under section 200(3) of the Income Tax Act for TDS under sections 193, 194, 194A, 194B, 194BB, 194C, 194D, 194EE, 194F, 194G, 194H, 194I and 194J.

Commercial Extension Module (zero cost)
Delivered.png
TDS India
1.4.1
ILR16Q1 (11th June,2016)
TDS Return Form 24Q

-Form 24Q has to be filled up for declaration of TDS returns in detail.
- It is based on salary payments and the deductions made for tax.
- The declaration and payment is to be made quarterly by companies and firms in India.
- Details such as Deductor, Deductees, Challans as well as Salary TDS have to be provided.If there are 20 or more records of deductees in a statement for any quarter of a particular financial year.
- Annexure I and Annexure II are also forms that require submission along with this form. Annexure I has to be filled in for all four quarters of the year. Annexure II needs to be filed only for the final quarter of the year.

Commercial Extension Module (zero cost)
Delivered.png
TDS India
--
ILR16Q2 (31/07/2016)
TDS Liability Report
This report shows TDS deducted from all the purchase invoices, TDS against which has not been remitted to Income tax department
Commercial Extension Module (zero cost)
Delivered.png
TDS India
--
ILR16Q2 (31/07/2016)
Service Tax Liability Report
This report gives summary of service tax output liability arising from sales invoice
Commercial Extension Module (zero cost)
Delivered.png
TDS India
--
ILR16Q2 (31/07/2016)
Service Tax Input Credit Report
This report gives summary of service tax input credit arising from purchase invoices
Commercial Extension Module (zero cost)
Delivered.png
TDS India
--
ILR16Q2 (31/07/2016)
Contra Entry Module (withdrawn in ILR18Q2 after it was made available in core)
Commercial Extension Module (zero cost)
Delivered.png
--
ILR16Q3 (11/11/2016)
Cash Flow Statement
Commercial Extension Module (zero cost)
Delivered.png
Delivered
--
ILR16Q4
GST Release R1
- Capture GSTIN and Related Details for Organizations and Partners
- Define Tax Categories based on HSN and SAC and associate products and G/L items with HSN and SAC
- Define Tax Rates based on HSN and SAC
- Prepare a COA based on GST
- Generate GSTR1 (monthly sales return) extract files for uploading to GSTN through offline utility based on Sales txns
- Support reporting of HSN information and tax break up (CGST, SGST and Cess) in WebPOS
Commercial Extension Module (zero cost)
Delivered.png
Delivered
3.4.0
ILR17Q3 (31/08/2017)
GST Release R2
- Extend GSTR1 extract files to amendment transactions
- Support for GST calculations on Advance Payments
Commercial Extension Module (zero cost)
Delivered.png
Delivered
3.6.1
ILR18Q2 (29/06/2018)
GST Release R3
- Support eWay Bill functionality for stock movement
- Support co-existence of non-GST businesses ( in organizations within the same client or in different clients ), with no visibility/validation of GST data
Commercial Extension Module (zero cost)
Committed.png
In Process
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ILR18Q3 (1/08/2018)
GST Release R4
- Support for downloading GSTR3B for upload through online tool
- Tax Setup Screen - that would generate only the required India tax rates, tax categories as well as ledgers in COA
- Support for Annual Returns ( GSTR9 )
- Products without GST Product Code to be included in POS terminal
Commercial Extension Module (zero cost)
Committed.png
Not yet started
--
ILR18Q4 (30/10/2018)
GST Release - Not Scheduled (but in Road map)
- GSTR2 - Monthly return for purchase of taxable goods and service (waiting for process to stabilize about this )
- GSTR3 - Monthly return which contains summary of sales, purchase and tax liability (process yet to be stabilized)
- GSTR6 - Monthly return to be filed by Input Service Distributor
- GSTR7 - Monthly return for Tax Deducted at Source
- GSTR8 - Monthly return to be filed by e-commerce companies
- Tax accounting entry generation for interstate stock movements
- Web POS related changes: - 1. Cash payment not allowed if bill amount is more than Rs. 50,000. 2. Capture customer name if bill amount is more than Rs. 50,000 and display the same on invoice print. 3. Capture customer name, address and PAN card number if bill amount is more than Rs. 200,000. 4. A column to mention "Region" in Business Partner.
Commercial Extension Module (zero cost)
Not yet started
--

Note: "ILR16QX" stands for "India Localization Release based on Openbravo PR16QX"


This documentation has been created by Promantia. For additional information please contact localization.support@promantia.com.

Retrieved from "http://wiki.openbravo.com/wiki/Localization_Roadmap_India"

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