Hi friends, We are in the Oracle Fusion Tax Implementation series. This is the Lesson number 10 of this series. Lets start and learn how to Implement the Taxation in Oracle Fusion.
All Three Types of Taxes Created under GST Transaction Tax Regime
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| Chapter 11: Oracle Fusion Tax Implementation |
Creating Tax Jurisdictions for transaction Taxes under Tax Regime
Here below, we need to Create Tax Jurisdictions for all three taxes.
We have created three GST taxes (CGST, SGST, IGST) for GST tax registrations. Now in this Step, we will create Tax Jurisdictions for all three taxes.
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| Chapter 11: Oracle Fusion Tax Implementation |
Creating Tax Jurisdiction for "SGST" Tax under Tax Regime:
In this step , We are creating the Tax Jurisdictions all GST Taxes created in above steps and then attach these Jurisdictions with all GST Taxes. This is the mandatory step to attach the Jurisdiction with Taxes.
Tax Jurisdiction Code: INDIA ( Any Name we can enter)
Tax Jurisdiction Name: INDIA( Any Name we can enter).
Tax Regime Code : INDIA GST1 TAX : INDIA SGST
Geography Type : COUNTRY
Geography Name: India
Start Date : Date should be same like the Start date in the Tax regime.
Registration Number Controls and Defaults:
Validation Level: ORA_IN_GST
Validation Level : Error
Duplicate Validation Level: No Validation.
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| Chapter 11: Oracle Fusion Tax Implementation |
Tax Jurisdiction has been created for the SGST Tax.
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