i oracle india localization

8/10/2019 I Oracle India Localization

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India LocalizationBasic Setups

in

Inventory, OM & Purchasing

Presenter:

Anitlin Jinish G (AJ)| SCM Functional Consultant


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Agenda

A quick overview on the mandatory India

Lcalization Setups in;

Inventory

Order Management

Purchasing


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India Localization - Introduction

India Localization in Oracle Apps is a feature to helpcomply with Indian Taxation Norms.

Oracle India Localization provides provision to define,

record, calculate and report taxes.

India Localization also provides seeded responsibilities

which along with related Menus and Functions aides the

taxation process.

Implementing a Tax solution for India for each regime has

specific needs.


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Oracle India Localization helps us to meet the Taxdefaulting, calculation and accounting requirement

arising from the Central Excise, Customs, Sales Tax

and Income Tax regimes.

India Localization also provides valuable informationwhich could be used for both statutory and management

reporting.

India Localization - Introduction

. contd...


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Localization Setups

Setupo Additional Information - Inventory Orgs

Tax Calendar

Excise Generation

o Sub-Inventory Locations

Item Setupo VAT/Excise - Item Classification

Tax Setupo Taxes

o Tax Categories

o Item Categories

India TCS/VAT/Service Tax/FBTo Setup

Regime Registration

VAT - Claim Terms Definition

VAT Document Sequencing


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2


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Tax Calendar


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Excise Generation


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Localization Setup

Setup

o Additional Information - Inventory Orgs

o Sub-Inventory Locations

Item Setupo VAT/Excise - Item Classification

Tax Setup

o Taxes

o Tax Categories

o Item Categories


Regime Registration




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Item Classification VAT/Excise


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Template Attributes for items under VAT & Excise

Type Template Name Attributes Attribute Values

VAT VAT not recoverable Applicable Yes

Item Class Finished Goods

Recoverable No

VAT Value Added Tax Applicable Yes


Recoverable Yes

Excise Excise Tradable Tradable Yes


Modvatable No


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Localization Setup

Setup

o Additional Information - Inventory Orgso Sub-Inventory Locations

Item Setup

o VAT/Excise - Item Classification

Tax Setupo Taxes

o Tax Categories

o Item Categories


Regime Registration




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Defining the Tax


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Defining the Tax


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Defining the Tax Category


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Defining the Tax Category List


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Localization Setup

Setup

o Additional Information - Inventory Orgso Sub-Inventory Locations

Item Setup

o VAT/Excise - Item Classification

Tax Setup

o Taxes

o Tax Categories

o Item Categories


Regime Registration




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Regime Registration


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Regime Registration


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Regime Registration


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Claim Terms Definition


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Localization Setup OM

Customers

Additional Information

Registers

Define Bond Register


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Customer Tax Information


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Customer Tax Information


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Localization Setup OM

Customers

Additional Information

Registers

Define Bond Register

B d R i t


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Bond Registers

Bond Registers Using Bond Registers in Oracle Financials for India, you can maintain

multiple Bond Registers for a combination of Organization and Location.

Options in Manufacturing Organization are:

Domestic with Excise Domestic without Excise, Export with Excise Bond Register (For Exports)

Options in Trading Organization are:

Trading Domestic with Excise Trading Domestic without Excise Trading Export with Excise Trading Bond Register (For Exports)


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Define Bond Registers


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D fi B d R i


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D fi B d R i t


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L li ti S t P h i


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Localization Setup Purchasing

Suppliers

Additional Supplier Info

L li ti S t P h i


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L li ti S t P h i


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RG Excise Registers


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RG Excise Registers

1. Daily Stock Register (RG1) For Manufacture, stockand clearance of Final Products

2. Input Credit Account (RE23A) For receipt, stock andconsumption of Cenvatable Input.

3. Capital Goods Stock Account (RG23C) - For receipt,stock and consumption of Cenvatable Capital Goods.

4. Trading Goods Register (RG23D) For Excisepurchases and the corresponding Sales transactions.

5. Personal Ledger Account (PLA) is an accountthrough which an assessee pays the duty to theGovt.


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Thank You!

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