Chapter 69: Oracle Fusion Tax Implementation

Creating Tax Status for all Withholding Taxes under Tax Regime

Go to ‘Manage Tax Statuses’ task to create the Tax statuses for GST Taxes.

Click on the ‘+’ icon to create the 

Creating Tax Status for all Withholding Taxes under Tax Regime

Creating Tax Status for 194C Tax under Withholding Tax Regime

Tax Regime Code: INDIA TDS1

Configuration Owner: ABC CORP

Tax: INDIA_TDC_194C

TAX STATUS CODE: STANDARD

TAX STATUS NAME: STANDARD

Start Date: Date should be same as Regime start Date.

Set as Default tax status: Yes

Default Start Date: Date should be same as Regime start Date.

Controls and Defaults:

Allow Tax Exceptions: Yes

Allow Tax Exemption: Yes

Allow tax rate override: Yes.

Creating Tax Status for all Withholding Taxes under Tax Regime

Creating Tax Status for 194H Tax under Withholding Tax Regime

Tax Regime Code: INDIA TDS1

Configuration Owner: ABC CORP

Tax: INDIA_TDC_194H

TAX STATUS CODE: STANDARD

TAX STATUS NAME: STANDARD

Start Date: Date should be same as Regime start Date.

Set as Default tax status: Yes

Default Start Date: Date should be same as Regime start Date.

Controls and Defaults:

Allow Tax Exceptions: Yes

Allow Tax Exemption: Yes

Allow tax rate override: Yes.

Creating Tax Status for all Withholding Taxes under Tax Regime