Chapter 58: Oracle Fusion Tax Implementation

Creating AP Invoice and Applying the Transaction Tax (GST) for Testing.

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

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

Under Tax Classification Code Fields, Apply the ‘Local 12%’ 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.

Creating AP Invoice and Applying the Transaction Tax (GST) for Testing

 

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

After Calculate Tax, We can see below Lines, Tax is showing calculated for the AP Invoice.

 

To View the Taxes and Tax Rates in more details, we need to Select the ‘Taxes’ Option as below and we can see the Taxes applied for the Invoice