Wednesday, March 29, 2017

How to make India GST regime tax entry as recoverable in Oracle EBS?


In case in India GST solution by Oracle, the recoverability of tax depended on below three setups. If anyone setup is not in line then it will not be a recoverable tax at document level (say Purchase Order level) and it will flow 

1. Recoverable check box shall be checked at Tax type.
Navigation: Oracle Financials for India > Tax Configuration > Define Tax type


2. Recoverable attribute shall be ‘Y’ in Item classification
Navigation: Oracle Financials for India > Item Definition > Define Item Classification 


3. Claim term should have tax code mapped in it.
  • Here you may mention only Tax Type and Organization name. Thought Tax type is non-mandatory field, if its left blank then recoverability is not enabled.
  • ‘Location’, ‘Item Classification’ and ‘Intended use’ like fields are options. If they are kept NULL then Oracle will all Location / Item class / Intended use

Navigation: Oracle Financials for India > Recovery Management > Define Claim Term



1 comment:

  1. UnknownJune 18, 2017 at 4:33 PM

    While defining the tax type, in the accounting tab, the ledger field is showing no Values in the list of values. How to resolve this?

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