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Oracle India Localization
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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!