Sales Order GST Tax Category Setup for Sales Order Transaction

Sales Order GST Tax Category Setup for Sales Order Transaction

I will try to explain about Sales Order GST Tax  SETUP using Oracle Financial for India and will do a simple Sales Order Transaction using that  GST Tax Item.

Select Oracle Financials for India Responsibility  

Navigation : Oracle Financials for India

Create a New Reporting Type for 18% Tax Rate. Reporting Type Name INTERSTATE18 and INTRASTATE18

Navigation : Oracle Financials for India ->Reporting -> Reporting Types

 

Reporting Type Name INTERSTATE18 and INTRASTATE18 created. 

Create Third Party Reporting Code and Assign the Reporting type name to the Third Party Report Code.

Navigation : Oracle Financials for India ->Reporting -> Reporting Types -> Create Third Party Reporting Code

Assign Third Party Reporting Type Name : INTERSTATE18

Next Create Customer Third Party Registration.

Navigation : Oracle Financials for India -> PARTY REGISTRATION -> DEFINE THIRD PARTY REGISTRATION

Assign the Third Party Reporting Code (INTERSTATE18) to  Customer Third Party Registration.

ENTER THIRD PARTY REGISTRATION- > SELECT THE CUSTOMER CODE & PARTY SITE NAME

 

Press New Button enter the Customer Third Party Registration Details.

Go to Reporting Code Tab Page -> Assign the Reporting Code INTERSTATE18 to the Customer Site.

Navigation : Oracle Financials for India -> Tax Configuration ->Define Tax Rules

Create a new Tax Rule for Interstate Tax Category.

Assign the TAX CATEGORY (S-IGST18)  and  REPORTING CODE (INTERSTATE18) to the New Tax Rule.

Create the Sales order for the Third party Customer .

Navigation : Order Management -> Sale Order

 

Create Sales Order for the Customer (code 1234  & site name 17394) – Enter the Line Items.

Save the Line Item – Check the Sales order GST Tax Details.

Sales Order Header

GO TO-> TOOLS  -> INDIA TAX DETAILS  -> SELECT

INTERSTATE GST TAX RATE (IGST – 18%) Assign for the Customer Item.

END.