E BUSINESS TAX

E Business Tax is used to configure the tax related things as per the country specific. Tax is classified as 2 types. 1. Direct Tax 2. Indirect Tax

Regime to rate flow

Define Geographical Codes Define First party Legal entity party for profile Create Tax Regime Create Tax Create Tax Status Define Tax Jurisdictions Define Tax rate Define tax Rules Make Tax available on transactions

E BUSINESS TAX Create E Business tax responsibility

Navigation: System Administrator

Security Responsibility Define

Application: Menu: Request group: Name:

E Business tax E Business tax Responsibility Menu

Oracle E Business tax Request

E BUSINESS TAX Assign Profile options to responsibility

Navigation: System Administrator

Profile System

Profile Options: 1. HR: Business Group 2. HR: Security Profile 3. HR: User type 4. GL Ledger Name 5. MO: Operating unit

Assign E Business tax Responsibility to User Navigation: System Responsibility

Security User Define

E BUSINESS TAX Step: 1 Define Geographical Codes

Navigation: EBT Home Task List External dependencies Create Geography

Click on Go to task button of create Category

Search: Code

Choose: US

Say Go
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E BUSINESS TAX

Click on Structure

Say Apply

E BUSINESS TAX
Step: 2 Define First party Legal Entity party for profile
Navigation: EBT Home Task List Tax configuration Create First party Legal Tax Profile

Select Go to Task button of create First party Legal Entity Tax Profile

E BUSINESS TAX

Under Search field: Party type: Party Name: Say Go Operating unit owning tax content Choose operating unit

Click on Update tax profile button Under Main information tab Enable check box Use subscription of the Legal Entity Say Apply

E BUSINESS TAX
Step: 3 Create Tax Regime

Navigation: EBT Home Task List Tax configuration Create Tax Regime

Click on Go to Task

Click on Create
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E BUSINESS TAX

Enter Regime code Enter Name Regime level: Country Country name: India Choose Effective from Click on Show Controls and Defaults Controls: Enable check boxes: Allow tax recovery Allow Tax exemptions Allow Tax exceptions Allow over ride and entry of inclusive tax lines Defaults: Tax Currency: INR Minimum accountable unit: 0.01 Rounding rule: Nearest
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E BUSINESS TAX
Tax precision: 2 Allow tax inclusion: Standard inclusive handling

Say Continue

Choose party name Configuration for Taxes and Rules: Common configuration Say Finish
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E BUSINESS TAX
Step: 4 Navigation: Create Tax EBT Home

Task list Tax Configuration Create Tax

Click on Go to task

Click on Create
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E BUSINESS TAX

Choose Tax regime code Choose Configuration owner: Global Configuration Owner Tax Source: Create a new tax Enter Tax and Tax name Choose tax type Enter effective date from Geography type: Country Parent Geography type: Country Choose Parent Geography Name: India

Go to Tax Recovery Controls tab Disable Check box : Allow Tax Recovery

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E BUSINESS TAX

Click on Tax Accounts button

Choose your ledger Click on Create button

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E BUSINESS TAX

Choose operating unit Choose Tax Recoverable/Liability account Say Apply Say Apply Say Apply You will see the Confirmation Screen.

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E BUSINESS TAX
Step: 5 Navigation: Create Tax Status E Business Tax Home

Task List Tax Configuration Create Tax Status

Click on Go to task button

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E BUSINESS TAX

Click on Create button

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E BUSINESS TAX
Choose: Tax Regime code Configuration Owner Tax Enter: Tax Status code Name Choose Effective date from Enable Set as Default tax status Choose Default status effective from Say Apply. You will see the confirmation.

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E BUSINESS TAX
Step: 6 Navigation: Create Tax Jurisdiction E Business Tax Home

Task List Tax Configuration Create Tax Jurisdiction

Click on Go to Task button

Click on create button

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E BUSINESS TAX

Enter Tax jurisdiction Code Enter Tax Jurisdiction Name Choose: Tax Regime Code Tax Geography type Geography name Effective from

Enter precedence level Say Apply See the Confirmation.

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E BUSINESS TAX
Step: 7 Navigation: Define Tax Rate E Business Tax Home

Task List Tax Configuration Tax Rate

Click on Go to Task button

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E BUSINESS TAX

Click on Create button

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E BUSINESS TAX

Choose the appropriate fields from list of values Enter Tax rate code Choose rate type: Percentage Enter Percentage rate Enter Effective date from

Click on Rate Details button

Go to Other Details tab Enable check box Set as default rate Enter default effective from date

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E BUSINESS TAX

Say Apply Say Apply See for Confirmation.

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E BUSINESS TAX
Step: 8 Navigation: Define Tax Rules

EBT Home Task List Create Tax Rules

Click on Go to task button Under Search fields: Choose: Configuration owner Tax Regime code Tax

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E BUSINESS TAX

Say Go Set default rules for: 1. Determine place of supply = Ship to, use bill to if ship to not found 2. Determine tax applicability = Applicable 3. Determine tax registration = Ship to, use bill to if ship to not found 4. Determine taxable basis = Standard _ TB 5. Calculate Tax Amount = Standard _ TC

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E BUSINESS TAX

Say

Apply

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E BUSINESS TAX
Step: 9 Make Tax Available on Transactions

Navigation: EBT Home Task List Make Tax available on Transactions

Go to task

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E BUSINESS TAX

Under Search Fields: Choose: Regime level = Country Country Name = India Tax regime code

Say Go

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E BUSINESS TAX

Click on Update button

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E BUSINESS TAX

Under Main information tab Enable check box Make tax available for Transactions Say Apply

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E BUSINESS TAX E Business Tax Applicability for Payables Invoices

Step: 1

Update Supplier creation fields Tax Details tab

Navigation: Accounts payables Suppliers Entry

Go to Tax Details tab

Choose tax Regime code and Tax At supplier header level & supplier site level Save.

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E BUSINESS TAX

Step: 2

create one standard invoice to check tax applicability payables Invoices Entry Invoices

Navigation:

Enter standard invoice as usual

Click on Calculate Tax button Go to Actions button to complete the invoice.

Go to Tax details button to view tax

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E BUSINESS TAX

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