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India Localization: Basic Setups in Inventory, OM & Purchasing

The document provides an overview of the mandatory localization setups required in India for inventory, order management, and purchasing in Oracle Applications. It discusses setting up additional organization and item information, tax calendars, registers, and defining taxes, tax categories, and item classifications for VAT, excise, and other India-specific taxes. The localization setups ensure Oracle Applications can meet India's taxation requirements for areas like excise, customs, sales tax, and income tax.

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anitlin_jinish
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2K views

India Localization: Basic Setups in Inventory, OM & Purchasing

The document provides an overview of the mandatory localization setups required in India for inventory, order management, and purchasing in Oracle Applications. It discusses setting up additional organization and item information, tax calendars, registers, and defining taxes, tax categories, and item classifications for VAT, excise, and other India-specific taxes. The localization setups ensure Oracle Applications can meet India's taxation requirements for areas like excise, customs, sales tax, and income tax.

Uploaded by

anitlin_jinish
Copyright
© Attribution Non-Commercial (BY-NC)
Available Formats
Download as PPT, PDF, TXT or read online on Scribd
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India Localization

Basic Setups in Inventory, OM & Purchasing


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

Agenda

A quick overview on the mandatory India Lcalization Setups in;

Inventory Order Management Purchasing

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.

India Localization - Introduction . contd...

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.

Localization Setups
o Setup Additional Information - Inventory Orgs Tax Calendar Excise Generation o Sub-Inventory Locations Item Setup VAT/Excise - Item Classification Tax Setup o Taxes o Tax Categories o Item Categories

India TCS/VAT/Service Tax/FBT o Setup Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Tax Calendar

Excise Generation

Localization Setup
Setup o Additional Information - Inventory Orgs o Sub-Inventory Locations Item Setup o VAT/Excise - Item Classification Tax Setup o Taxes o Tax Categories o Item Categories India TCS/VAT/Service Tax/FBT o Setup Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Item Classification VAT/Excise

Item Classification VAT/Excise

Item Classification VAT/Excise

Template Attributes for items under VAT & Excise


Type VAT Template Name VAT not recoverable Attributes Applicable Item Class Recoverable Attribute Values Yes Finished Goods No

VAT

Value Added Tax

Applicable Item Class Recoverable

Yes Finished Goods Yes

Excise

Excise Tradable

Tradable Item Class Modvatable

Yes Finished Goods No

Localization Setup
Setup o Additional Information - Inventory Orgs o Sub-Inventory Locations Item Setup o VAT/Excise - Item Classification Tax Setup o Taxes o Tax Categories o Item Categories India TCS/VAT/Service Tax/FBT o Setup Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Defining the Tax

Defining the Tax

Defining the Tax Category

Defining the Tax Category List

Localization Setup
Setup o Additional Information - Inventory Orgs o Sub-Inventory Locations Item Setup o VAT/Excise - Item Classification Tax Setup o Taxes o Tax Categories o Item Categories

India TCS/VAT/Service Tax/FBT o Setup Regime Registration VAT - Claim Terms Definition VAT Document Sequencing

Regime Registration

Regime Registration

Regime Registration

Claim Terms Definition

VAT Document Sequencing

Localization Setup OM

Customers

Additional Information Registers

Define Bond Register

Customer Tax Information

Customer Tax Information

Localization Setup OM

Customers

Additional Information

Registers

Define Bond Register

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)

Define Bond Registers

Define Bond Registers

Define Bond Registers

Define Bond Registers

Localization Setup Purchasing

Suppliers

Additional Supplier Info

Localization Setup Purchasing

Localization Setup Purchasing

RG 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!

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