Chapter 27: Oracle Fusion Tax Implementation

Creating Tax Classification codes for GST Transaction Taxes

Step 1:- Go to Setup and Maintenance ==> Manage Tax Lookup Codes

Creating Tax Classification codes for GST Transaction Taxes

Step 2:- Here below is the Tax Classification Lookup to add new tax classifications.

ZX_INPUT_CLASSIFICATIONS

 

Creating Tax Classification codes for GST Transaction Taxes

As a Summary, we will create these below Tax Classification code

1. Local 5%

2. Local 12%

3. Local 18%

4. Local 28%

5. Other State Purchase 5%

6. Other State Purchase 12%

7. Other State Purchase 18%

8. Other State Purchase 28%

Creating Tax Classification codes for GST Transaction Taxes

Creating Tax Classification codes for GST Transaction Taxes