Oracle Fusion Tax Implementation: How to Implement the Taxation in Oracle Fusion

Oracle Fusion Tax Implementation: How to Implement the Tax in Oracle Fusion

Hi friends, we are going to discuss about the Oracle Fusion Tax Implementation. Oracle Fusion tax implementation is a very long subject. In Oracle Fusion , We need to do the multiple setups to implement the Tax module. As i said , this is a very long topic and ,multiple setup involved in this so it cannot be complete in a single post. For this , We are came up with the Blog series of Fusion Tax Implementation. In this Oracle Fusion tax Implementation series , We will guide you from scratch. We will share the each step from beginning with screen shot for tax implementation in oracle fusion. 

If you want to learn the Tax implementation in oracle fusion , You need to follow this complete series from beginning and tried to implement the tax in your application as per the steps mentioned in this series. This Oracle Fusion tax Implementation series consist of multiple blog posts and each post are connected with each other. We can say this Tax implementation series as an Oracle Fusion Tax Tutorial. So please keep follow this blog and learn oracle fusion tax implementation.

Oracle Fusion Tax Implementation: How to Implement the Taxation in Oracle Fusion

Oracle Fusion tax Implementation series Topics

Here below is the Topics index for this Oracle Fusion Tax Implementation series. We will discuss and share these below topics in coming posts. This topics will help to understand the fusion tax and share the detail steps with screenshots for tax implementation in oracle fusion.

1. Overview of the Transaction Tax

2. Overview of the WithHolding Tax

3. Complete Introduction of India GST Transaction Tax

4. GST Transaction Tax Types

5. Working Example for CGST and SGST

6. Working Example for CGST and SGST

7. India GST Tax Hierarchy

8. Analyzing Your Tax Requirements

9. Implementation of Transaction Tax (GST) in Oracle Fusion 

10. India GST Transaction Tax Rates

11. Role of Tax Classification codes in Oracle Fusion

12. Defining Tax Classification codes for GST Transaction Tax in Oracle Fusion.

13. Intra States Tax Classification codes

14. Inter States Tax Classification codes

15. Tax Rates Code for India GST Implementation

16. Started India GST Implementation in Oracle Fusion

17. Creating Tax Regime for GST

18. Creating Transaction Taxes Under Tax Regime

19. Types of Taxes under GST Tax Regime

20. Creating CGST Tax in GST Regime

21. Creating SGST Tax in GST Regime

22. Creating IGST Tax in GST Regime

23. Creating Tax Jurisdictions for transaction Taxes under Tax Regime

24. Creating Tax Jurisdiction for SGST Tax under Tax Regime

25. Creating Tax Jurisdiction for CGST Tax under Tax Regime

26. Creating Tax Jurisdiction for IGST Tax under Tax Regime

27. Creating Tax Status for all GST Taxes under Tax Regime

28. Creating Tax Status for CGST Tax under GST Tax Regime

29. Creating Tax Status for IGST Tax under GST Tax Regime

30. Creating Tax Status for SGST Tax under GST Tax Regime

31. Creating Tax Rates for Transaction Taxes under Tax Regime

32. Creating ‘2.5% SGST’ Tax rate for SGST Tax

33. Creating ‘6% SGST’ Tax rate for SGST Tax

34. Creating ‘9% SGST’ Tax rate for SGST Tax

35. Creating ‘14% SGST’ Tax rate for SGST Tax

36. Creating ‘2.5% CGST’ Tax rate for CGST Tax

37. Creating ‘6% CGST’ Tax rate for SGST Tax

38. Creating ‘9% CGST’ Tax rate for SGST Tax

39. Creating ‘14% CGST’ Tax rate for SGST Tax

40. Creating ‘5% IGST’ Tax rate for IGST Tax

41. Creating ‘12% IGST’ Tax rate for IGST Tax

42. Creating ‘18% IGST’ Tax rate for IGST Tax

43. Creating ‘28% IGST’ Tax rate for IGST Tax

44. Creating Tax Classification codes for GST Transaction Taxes

45. Creating Tax Determining Factor Sets for each Tax Classification Code

46. Creating Tax Determining Factors for Tax Classification Code ‘Local 5%

47. Creating Tax Determining Factors for Tax Classification Code ‘Local 12%’

48. Creating Tax Determining Factors for Tax Classification Code ‘Local 18%’

49. Creating Tax Determining Factors for Tax Classification Code ‘Local 28%’

50. Creating Tax Determining Factors for Tax Classification Code ‘Other State Purchase 5%’

51. Creating Tax Determining Factors for Tax Classification Code ‘Other State Purchase 12%’

52. Creating Tax Determining Factors for Tax Classification Code ‘Other State Purchase 18%’

53. Creating Tax Determining Factors for Tax Classification Code ‘Other State Purchase 28%’

54. Creating Tax Conditions Sets for each Transaction Tax Classification Code

55. Creating Tax Condition Set for Tax Classification Code ‘Local 5%’

56. Creating Tax Condition Set for Tax Classification Code ‘Local 12%’

57. Creating Tax Condition Set for Tax Classification Code ‘Local 18%’

58. Creating Tax Condition Set for Tax Classification Code ‘Local 28%’

59. Creating Tax Condition Set for Tax Classification Code ‘Other State Purchase 5%’

60. Creating Tax Condition Set for Tax Classification Code ‘Other State Purchase 12%’

61. Creating Tax Condition Set for Tax Classification Code ‘Other State Purchase 18%’

62. Creating Tax Condition Set for Tax Classification Code ‘Other State Purchase 28%’

63. Creating Tax Rule for each Tax Classification Code under Each GST Taxes

64. Creating Tax Rule for Tax Classification Code ‘Local 5%’ under SGST Tax.

65. Creating Tax Rule for Tax Classification Code ‘Local 5%’ under CGST Tax.

66. Creating Tax Rule for Tax Classification Code ‘Local 12%’ under SGST Tax.

67. Creating Tax Rule for Tax Classification Code ‘Local 12%’ under CGST Tax.

68. Creating Tax Rule for Tax Classification Code ‘Local 18%’ under SGST Tax.

69. Creating Tax Rule for Tax Classification Code ‘Local 18%’ under CGST Tax.

70. Creating Tax Rule for Tax Classification Code ‘Local 28%’ under SGST Tax.

71. Creating Tax Rule for Tax Classification Code ‘Local 28%’ under CGST Tax.

72. Creating Tax Rule for Tax Classification Code ‘Other State Purchase 5%’ under IGST Tax.

73. Creating Tax Rule for Tax Classification Code ‘Other State Purchase 12%’ under IGST Tax.

74. Creating Tax Rule for Tax Classification Code ‘Other State Purchase 18%’ under IGST Tax.

75. Creating Tax Rule for Tax Classification Code ‘Other State Purchase 28%’ under IGST Tax.

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

77. Creating Tax Rate Rule for Tax Classification Code ‘Local 5%’ under SGST Tax

78. Creating Tax Rate Rule for Tax Classification Code ‘Local 5%’ under CGST Tax

79. Creating Tax Rate Rule for Tax Classification Code ‘Local 12%’ under SGST Tax

80. Creating Tax Rate Rule for Tax Classification Code ‘Local 12%’ under CGST Tax

81. Creating Tax Rate Rule for Tax Classification Code ‘Local 18%’ under SGST Tax

82. Creating Tax Rate Rule for Tax Classification Code ‘Local 18%’ under CGST Tax

83. Creating Tax Rate Rule for Tax Classification Code ‘Local 28%’ under SGST Tax

84. Creating Tax Rate Rule for Tax Classification Code ‘Local 28%’ under CGST Tax

85. Creating Tax Rate Rule for Tax Classification Code ‘Other State Purc 5%’ under IGST Tax

86. Creating Tax Rate Rule for Tax Classification Code ‘Other State Purc 12%’ under IGST Tax

87. Creating Tax Rate Rule for Tax Classification Code ‘Other State Purc 18%’ under IGST Tax

88. Creating Tax Rate Rule for Tax Classification Code ‘Other State Purc 28%’ under IGST Tax

89. Defining Default Taxes Rates for Each Transaction (GST) Taxes

90. Defining Default Taxes Rates for CGST Tax

91. Defining Default Taxes Rates for SGST Tax

92. Defining Default Taxes Rates for IGST Tax

93. Creating AP Invoice and Applying the Transaction Tax (CGST&IGST) for Testing.

94. Second AP Invoice and Applying the Transaction Tax (IGST) for Testing.

95. Withholding Tax Implementation in Oracle Fusion

96. Creating Tax Regime for Withholding Tax

97. Creating Withholding Taxes Under Withholding Tax Regime

98. Types of Taxes under Withholding Tax Regime

99. Creating 194C Section Withholding Tax in Withholding Tax Regime

100. Creating 194H Section Withholding Tax in Withholding Tax Regime

101. Creating 194I Section Withholding Tax in Withholding Tax Regime

102. Creating 194J Section Withholding Tax in Withholding Tax Regime

103. Creating Tax Jurisdictions for Withholding tax under Withholding Tax Regime

104. Creating Tax Jurisdiction for 194C Tax under Withholding Tax Regime

105. Creating Tax Jurisdiction for 194H Tax under Withholding Tax Regime

106. Creating Tax Jurisdiction for 194I Tax under Withholding Tax Regime

107. Creating Tax Jurisdiction for 194J Tax under Withholding Tax Regime

108. Creating Tax Status for all Withholding Taxes under Tax Regime

109. Creating Tax Status for 194C Tax under Withholding Tax Regime

110. Creating Tax Status for 194H Tax under Withholding Tax Regime

111. Creating Tax Status for 194I Tax under Withholding Tax Regime

112. Creating Tax Status for 194J Tax under Withholding Tax Regime

113. Creating Tax Rates for Withholding Taxes under Tax Regime

114. Types of Tax Rates for Withholding Taxes

115. Creating ‘1%_TDS_194C’ Tax rate for 194C Withholding Tax

116. Creating ‘0.05%_TDS_194C’ Tax rate for 194C Withholding Tax

117. Creating ‘2%_TDS_194C’ Tax rate for 194C Withholding Tax

118. Creating ‘5%_TDS_194H’ Tax rate for 194H Withholding Tax

119. Creating ‘2%_TDS_194I’ Tax rate for 194I Withholding Tax

120. Role of Withholding Tax Classification Code in withholding Tax Setup

121. Creating Tax Determining Factor Sets for each Withholding Tax Rate

122. Creating Tax Determining Factors for Withholding Tax Code ‘0.05%_TDS_194C’

123. Creating Tax Determining Factors for Withholding Tax Code ‘1%_TDS_194C’

124. Creating Tax Determining Factors for Withholding Tax Code ‘2%_TDS_194C’

125. Creating Tax Determining Factors for Withholding Tax Code ‘5%_TDS_194H’

126. Creating Tax Determining Factors for Withholding Tax Code ‘5%_TDS_194I’

127. Creating Tax Conditions Sets for each Withholding Tax Code

128. Creating Tax Condition Set for Withholding Tax Code ‘0.05%_TDS_194C’

129. Creating Tax Condition Set for Withholding Tax Code ‘1%_TDS_194C’

130. Creating Tax Condition Set for Withholding Tax Code ‘2%_TDS_194C’

131. Creating Tax Condition Set for Withholding Tax Code ‘5%_TDS_194H’

132. Creating Tax Condition Set for Withholding Tax Code ‘2%_TDS_194I’

133. Creating Tax Rule for each Withholding Tax Code under each Withholding Taxes

134. Creating Tax Rule for Tax Classification Code ‘0.05%_TDS_194C’ under 194C Withholding Tax

135. Creating Tax Rule for Tax Classification Code ‘1%_TDS_194C’ under 194C Withholding Tax

136. Creating Tax Rule for Tax Classification Code ‘2%_TDS_194C’ under 194C Withholding Tax

137. Creating Tax Rule for Tax Classification Code ‘5%_TDS_194H’ under 194C Withholding Tax

138. Creating Tax Rule for Tax Classification Code ‘2%_TDS_194I’ under 194C Withholding Tax

139. Creating Tax Rate Rule for each Withholding Tax Code under each Withholding Taxes

140. Creating Tax Rate Rule for Withholding Tax Code ‘0.05%_TDS_194C’ under Withholding 194C Tax

141. Creating Tax Rate Rule for Withholding Tax Code ‘1%_TDS_194C’ under Withholding 194C Tax

142. Creating Tax Rate Rule for Withholding Tax Code ‘2%_TDS_194C’ under Withholding 194C Tax

143. Creating Tax Rate Rule for Withholding Tax Code ‘5%_TDS_194H’ under Withholding 194C Tax

144. Creating Tax Rate Rule for Withholding Tax Code ‘2%_TDS_194I’ under Withholding 194C Tax

145. Defining Default Taxes Rates for Each Transaction (GST) Taxes

146. Defining Default Taxes Rates for 194C Tax

147. Defining Default Taxes Rates for 194H Tax

148. Defining Default Taxes Rates for 194I Tax

149. Defining Default Taxes Rates for 194J Tax

150. Creating AP Invoice and Applying the Withholding Tax (Section 194C) for Testing

151. Creating Second Invoice to Apply Withholding Tax (Section 194H) for the Testing

Oracle Fusion Tax Implementation: How to Implement the Taxation in Oracle Fusion