Creating Tax Rate Rule for Tax Classification Code ‘Local 5%’ under CGST Tax
Rule Code: LOCAL 5% CGST TAX RATE RULE
Rule Name: LOCAL 5% CGST TAX RATE RULE
Tax Regime Code: INDIA GST1
Tax: INDIA CGST
TAX Status Code: STANDARD
Tax Determining Factor Set Code: LOCAL 5% DETER FACTOR SET
Tax Condition Set Code: LOCAL 5% CONDITION SET
New Condition Set Code : 1
Result: 2.5% CGST
Tax Condition Set Code: LOCAL 5% CONDITION SET
New Condition Set Code :1
Result: 2.5% CGST
Click save and next.
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| Chapter 47: Oracle Fusion Tax Implementation |
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