Defining Default Taxes Rates for SGST
Tax
Click on ‘INDIA SGST’ Tax. Under this tax go to Tax Rule Defaults as below.
Go to Tax Rate Option and Click on the Create Default button.
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| Chapter 56: Oracle Fusion Tax Implementation |
Under this tax go to Tax Rule Defaults as below.
Go to Tax Rate Option and Click on the Create Default
button.
Here below, we need to use the Tax Status Code ‘Standard’
As created in previous steps.
Enter the Tax Rate Code: 2.5% SGST (Please Note, This Tax
Rate code should be same with the Tax Rates created in Previous Steps While
creating Tax Rates).
Rate Percentage: 2.5
We must provide at least one default Tax rate for each
Transaction tax before enable the taxes.
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| Chapter 56: Oracle Fusion Tax Implementation |
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