India LocalizationBasic Setups

in Inventory, OM & Purchasing

Presenter:Anitlin Jinish G (AJ)| SCM Functional Consultant

AgendaAgenda

A quick overview on the mandatory India Lcalization Setups in;

Inventory Order Management Purchasing

India Localization - Introduction India Localization - Introduction

India Localization in Oracle Apps is a feature to help comply 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.

• Oracle India Localization helps us to meet the Tax defaulting, calculation and accounting requirement arising from the Central Excise, Customs, Sales Tax and Income Tax regimes.

• India Localization also provides valuable information which could be used for both statutory and management reporting.

India Localization - Introduction India Localization - Introduction …. contd...

Localization SetupsLocalization Setups

• Setupo Additional Information - Inventory Orgs

Tax Calendar Excise Generation

o Sub-Inventory Locations

• Item Setupo VAT/Excise - Item Classification

• Tax Setupo Taxeso Tax Categorieso Item Categories

• India TCS/VAT/Service Tax/FBTo Setup

Regime Registration

VAT - Claim Terms Definition

VAT Document Sequencing

2

Tax CalendarTax Calendar

Excise GenerationExcise Generation

Localization SetupLocalization Setup

Setupo Additional Information - Inventory Orgso Sub-Inventory Locations

• Item Setupo VAT/Excise - Item Classification

Tax Setupo Taxeso Tax Categorieso Item Categories

India TCS/VAT/Service Tax/FBTo Setup

Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Item Classification – VAT/ExciseItem Classification – VAT/Excise

Item Classification – VAT/ExciseItem Classification – VAT/Excise

Item Classification – VAT/ExciseItem Classification – VAT/Excise

Template Attributes for items under VAT & ExciseTemplate 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

Item Class Finished Goods

Recoverable Yes

Excise Excise Tradable Tradable Yes

Item Class Finished Goods

Modvatable No

Excisable Yes

Localization SetupLocalization Setup

Setupo Additional Information - Inventory Orgso Sub-Inventory Locations

Item Setupo VAT/Excise - Item Classification

• Tax Setupo Taxeso Tax Categorieso Item Categories

India TCS/VAT/Service Tax/FBTo Setup

Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Defining the TaxDefining the Tax

Defining the TaxDefining the Tax

Defining the Tax CategoryDefining the Tax Category

Defining the Tax Category ListDefining the Tax Category List

Localization SetupLocalization Setup

Setupo Additional Information - Inventory Orgso Sub-Inventory Locations

Item Setupo VAT/Excise - Item Classification

Tax Setupo Taxeso Tax Categorieso Item Categories

• India TCS/VAT/Service Tax/FBT

o Setup Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Regime RegistrationRegime Registration

Regime RegistrationRegime Registration

Regime RegistrationRegime Registration

Claim Terms DefinitionClaim Terms Definition

VAT Document SequencingVAT Document Sequencing

Localization Setup – OMLocalization Setup – OM

• Customers

Additional Information

Registers

Define Bond Register

Customer Tax InformationCustomer Tax Information

Customer Tax InformationCustomer Tax Information

Localization Setup – OMLocalization Setup – OM

• Customers

Additional Information

• Registers

Define Bond Register

Bond RegistersBond 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)

Define Bond RegistersDefine Bond Registers

Define Bond RegistersDefine Bond Registers

Define Bond RegistersDefine Bond Registers

Define Bond RegistersDefine Bond Registers

Localization Setup – PurchasingLocalization Setup – Purchasing

• Suppliers

Additional Supplier Info

Localization Setup – PurchasingLocalization Setup – Purchasing

Localization Setup – PurchasingLocalization Setup – Purchasing

RG Excise RegistersRG Excise Registers

1. Daily Stock Register (RG1) – For Manufacture, stock and clearance of Final Products

2. Input Credit Account (RE23A) – For receipt, stock and consumption of Cenvatable Input.

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

4. Trading Goods Register (RG23D) – For Excise purchases and the corresponding Sales transactions.

5. Personal Ledger Account (PLA) is an account through which an assessee pays the duty to the Govt.

Thank You!