Creating Tax Rate Rule for Tax Classification Code ‘Local 28%’ under SGST Tax
Rule Code: LOCAL 28% SGST TAX RATE RULE
Rule Name: LOCAL 28% SGST TAX RATE RULE
Tax Regime Code: INDIA GST1
Tax: INDIA SGST
TAX Status Code: STANDARD
Tax Determining Factor Set Code: LOCAL 28% DETER FACTOR SET
Tax Condition Set Code: LOCAL 28% DETER FACTOR SET
New Condition Set Code: 1
Result: 14% SGST
Tax Condition Set Code: LOCAL 28% DETER FACTOR SET
New Condition Set Code: 1
Result: 14% SGST
Click save and next.
Click Submit.
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| Chapter 52: Oracle Fusion Tax Implementation |
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