Chapter 45: Oracle Fusion Tax Implementation

Creating Tax Rate Rule for each Tax Classification Code under each GST Taxes

We have these below Tax Rates.

Local 5%

Local 12%

Local 18%

Local 28%

Tax Classification Code ‘Local 5%’ Will Split internally in two Tax Rates.

2.5% SGST

2.5% CGST

Tax Classification Code ‘Local 12%’ Will Split internally in two Tax Rates

6% SGST

6% CGST

Tax Classification Code 18% Will Split internally in two Tax Rates.

9% SGST

9% CGST

Tax Classification Code ‘Local 28% ‘tax Will Split internally in two Tax Rates.

14% SGST

14% CGST

As we can see above, each tax splits into two parts for SGST AND CGST, so we need to create the two tax rules for each Tax rate/Tax Classification code.

For Local 5% Tax Classification code We will create below Tax Rate Rules. One for SGST & One for CGST.

LOCAL 5% SGST TAX RATE RULE

LOCAL 5% CGST TAX RATE RULE

For Local 12% Tax Classification code We will create below Tax Rate Rules. One for SGST & One for CGST.

LOCAL 12% SGST TAX RATE RULE

LOCAL 12% CGST TAX RATE RULE

For Local 18% Tax Classification code We will create below Tax Rate Rules. One for SGST & One for CGST

LOCAL 18% SGST TAX RATE RULE

LOCAL 18% CGST TAX RATE RULE

For Local 28% Tax Classification code We will create below Tax Rate Rules. One for SGST & One for CGST

LOCAL 28% SGST TAX RATE RULE

LOCAL 28% CGST TAX RATE RULE

Click on the ‘+’ icon to create the new Tax Rate Rule.

Creating Tax Rate Rule for each Tax Classification Code under each GST Taxes