Part2 GST setup in Oracle Apps : GST configuration in Oracle Apps r12

Part2 GST setup in Oracle Apps : GST configuration in Oracle Apps r12

This is the second part of the GST configuration in Oracle Apps. In this post , we will Create GST Tax Rates , GST Tax Category and GST Party registrations.

 

You can refer the First Part of GST setup in below url:-

Part1:-

 

GST tax Rates:-

 

 

 

Create the GST Tax rates for GST regime , under specific tax types like below.

Regime Code- GST

Tax Type – CGST

Tax Rate code – 9%CGST

 

Create the GST Tax rates for GST regime , under specific tax types like below.

Regime Code- GST

Tax Type – SGST

Tax Rate code – 9%SGST

 

 

GST Tax Category setup.

To avoid apply taxes one by one we will create Tax Category setups as below.

Here we are creating 18% Purchase Tax rate.

In lines , We will select 9%CGST & 9%SGST as below.

 

 

Party Registrations Setup:-

Party registrations setup is very important for the GST configuration in Oracle Application.

First Party Registration :- First Party registration is required for the GST setup. We maintains Operating Unit/Company GST number and TIN number here for the GST deduction.

Third Party Registration :- Third Party registrations is the GST registrations for our Oracle application suppliers. We maintains supplier GST details/number , TIN number in the Third Party registrations form. If we will not maintain supplier Third party registration for supplier , then GST tax will not be applicable for that supplier in Oracle application.

 

Part2 GST setup in Oracle Apps : GST configuration in Oracle Apps r12