Beruflich Dokumente
Kultur Dokumente
The scope has been identified as per discussion with the below Team:
1. Ashish Gupta(Support)
Change Record
1
4
Reviewers
Name Position
Jai Thakkar Senior Manager, Customer Support
Baburaj Sreekumar Product Strategy Director
Rajnish Kumar Director, Tax Development
Audience
Name Position
12.1 & 12.2 Implementation team
12.1 & 12.2 Customers
Contents
Scope Document ........................................................................................................................................ 1
Document Control................................................................................................................................. 2
Objective ...................................................................................................................................................... 4
Scope ........................................................................................................................................................... 4
Categories ..................................................................................................................................... 4
Documents .................................................................................................................................... 5
Scope
The Phase-2 Deliverables can be classified into following seven major categories with nine
documents to be delivered by Oracle Support:
Categories :
GST P2P Flows Extended functionalities – Phase 2 P2P
Inter Org
Outside Processing
TDS configuration
Integration Strategy
Documents:
OFI GST Functional O2C Flow Phase1 & 2
ERS Invoices
Advanced Receipts:
When payments are received in
advance for the supply of goods or
services that are subject to GST, tax
need to be accounted as a self
assessed tax on receipt of such
payments. GST calculated on
advances can be claimed as tax offset
upon supply of goods or services.
While accounting for the GST liability
on receipt of payment in advance,
customers are required to report the
HSN/SAC code of the goods/services
to be supplied for which the advance is
received.
Document Sequencing :
Document Type supported are only AR
Debit Memo
Supplementary Transactions:
Upward revision which will increase the
Liability.
Downward revision it will be an Offset
entry.
Exports:
Calculation of GST at Zero rate is
supported in Phase 2 and Exports
under Rebate will be coming soon.
GST Internal Sales Order Phase-2 Deliverables
Goods & Service Tax Act Scope in IR-ISO & Inter Org transfers
Post GST there will be impact on existing IR-ISO and Inter Org transfers. In
the current regimes when ever material is moved out one must need to
issue a Document sequencing number and charge the tax liability. Like in
case of Excise & VAT at the time of shipment there is requirement to
update respective liability in case of transfers also.
As per the current GST rules each state will have one GST Registration
number. Hence whenever there is transfer across states the GST will be
applicable.
If a Sub Contractor is not registered under GST law, the Value addition will
be calculated as Reverse Charge, User can use the Reverse Charge
process to Map such requirement.
TDS Configuration – Phase 2 Deliverables
The TDS flows and features are compatible with the GST solution now and
users must reconfigure their GST setup using the new solution
Infrastructure.
You can import the GST taxes from third party systems (Legacy)
Setup Flow
o Base FA Setup
o OFI FA Setup
Transaction Flow
o Asset Addition
o Asset Retirement
Any Transactions from modules which are not directly integrated with
Oracle Financials for India.
User will have an Option to Insert the Taxes at AP form and AR form.
This Integration Strategy will be supported here GST taxes are Applicable.