Creating Tax Rate Rule for Tax Classification Code ‘Local 5%’ under SGST Tax
Rule Code: LOCAL 5% SGST TAX RATE RULE
Rule Name: LOCAL 5% SGST TAX RATE RULE
Tax Regime Code: INDIA GST1
Tax: INDIA SGST
TAX Status Code: STANDARD
Tax Determining Factor Set Code: LOCAL 5% DETER FACTOR SET
Tax Condition Set Code: LOCAL 5% CONDITION SET
Result: 2.5% SGST
New Condition Set Code: 1
Click Next.
Tax Condition Set Code: LOCAL 5% CONDITION SET
Result: Applicable
New Condition Set Code :1
Result: 2.5% SGST
Click Save and Next.
Click Submit.
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| Chapter 46: Oracle Fusion Tax Implementation |
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