Chapter 59: Oracle Fusion Tax Implementation

Chapter 59: Oracle Fusion Tax Implementation

Creating Second Invoice to Apply Transaction IGST Taxes for the Testing.

Here below, We have create the AP Invoice and we will apply the Transaction Tax (GST). 

Go to AP Invoice Lines. Click on the ‘Tax’ Tab . 

Under Tax Classification Code Fields , Apply the ‘State Purchase 5%’ Tax for this AP Invoice.

Here in Tax Classification Code Field , we can able to see all the Transaction Tax ‘Tax Classification Code’. We need to select the Tax as per our Requirment.

Chapter 59: Oracle Fusion Tax Implementation

After Selecting the Tax , again we need to go to the Invoice Header and select the Invoice Actions Option tab. Select the Calculate Tax Option as highlighted below

Here below, We can see that IGST tax has been applied for the First AP Invoice line as per the Tax selection in Tax Classification code field.

To see the Tax Information’s in more detail, like Which Tax and tax rate applied for the Invoice line , We need to select the Taxes Option as highlighted below.

Chapter 59: Oracle Fusion Tax Implementation