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Oracle Financials for India User Guide

1. 3 40 Oracle Financials for India User Guide Field Name Type Action Description Shipment The following fields ie Vessel Name Information Consignment Country Port Name Block Origin Country are optional and the user can enter relevant details for his reference BOE Item Optional You can use this option to create an Item Independent BOE You can Independent define a BOE for a Dummy Item and Flag this can be used to match the Customs liability on any Item BOE Line Details Filed wise description of BOE Line Details is given below Field Description Type Action Description Number ENTER The Number of packages will be mentioned here Description Optional ENTER The Description of the packages can be mentioned here Serial Number Optional ENTER Serial Number of the Item packed with the Description of the packages can be mentioned here Quantity Required ENTER The total Quantity imported and for which the Customs Duty is to be paid UOM Required ENTER UOM of the Item Item Name Required ENTER Item Name need to be specified for calculating Customs Duty Item wise India Local Payables 3 41 Field Description Type Action Description Customs Tariff Optional ENTER Duty Code Optional ENTER Assessable value Required Opt ENTER ional For Basic Customs Required ENTER duty Rate Amount Exemption Optional Notification For Additional Displayed D oy Optional
2. Invoice No Invoice Date Party Party Site Populate Defaults Receipt Lines Item Name Item Class Claim Status Specify a value that should be stamped on to the Invoice Number field of all selected lines Specify a value that should be stamped on to the Invoice Date field of all selected lines This field displays the PO Vendor Name If the Vendor providing the VAT Invoice is different from the PO Vendor then select appropriate value here This field displays the PO Vendor Site If the Vendor Site providing the VAT Invoice is different from the PO Vendor Site then select appropriate value here Click this button to populate all the selected lines with the values entered in this block All Receipt Lines with matching query criteria would be displayed here Item Name is displayed here Item Class as assigned for the combination of VAT Regime and Item would be displayed here Claim Status of the Line would be displayed here If the status is not populated using Populate Defaults block user needs to specify the status for each line Following are the details of each claim status 1 Not Claimed This implies that the line is eligible for claim process But is not yet claimed 2 Not Claimable This status indicates that the line is not eligible for claim Partial Claimed Implies that the line is partially claimed 4 Full Claimed Indicates that the line has been completed processed India Lo
3. The following are the possible scenarios and treatment on the above cases Case I Only Price Revision Increase but no change in Tax rate Invoice with original price for 100 Quantity of Prod A raised on March 20 1999 and a revised price list has been introduced with retrospective effect from March 15 1999 and the user need to raise a Supplementary Invoice Parameter Original Price in Revised Price in Supplementary rupees rupees Invoice Net sales 100x100 10000 00 12000 00 2000 00 Add Taxes 1000 00 1200 00 200 00 5 22 Oracle Financials for India User Guide Parameter Original Price in Revised Price in Supplementary rupees rupees Invoice Tax code Excise 10 550 00 660 00 110 00 Tax code Sales tax 5 Tax code Octroi 3 346 50 415 80 69 30 Total 11896 50 14275 80 2379 30 Supplementary Invoice may be raised for RS 2379 30 If the user decides to raise a Supplementary Invoice then the following accounting entry will be passed in this case Dr Receivable a c 2379 30 Cr Revenue a c 2000 00 Cr Excise duty a c 200 00 Cr Sales Tax a c 110 00 Cr Octroi duty a c 69 30 Case II Only Price Revision Decrease but no change in Tax Rate Invoice with original price for 100 Quantity of Prod B raised on March 20 1999 and a revised price list has been introduced with retrospective effect from March 15 1999 and the user need to raise a Credit Memo Parameter Original Price in
4. e Completion of the Invoice would result in generation of VAT Invoice number based on the setup carried out e Option of calculation of VAT taxes based on VAT Assessable value is possible based on setup at Customer Additional Site level setup e An Invoice can be marked as VAT Exempt from the seeded types of exemption e Service Tax type of Taxes can be attached to a Transaction being created Major Features Defaulting Taxes to Receivables Invoice You have an option to use Localization taxes while creating an invoice in the 5 2 Oracle Financials for India User Guide Receivables module These taxes can either be defaulted based on the Tax Defaulting Rules or can be attached manually The automatic Tax Defaulting would be based Item Category assigned to the Customer Customer Site or based on the Item Class assigned to the Tax Category Manual Changes to Defaulted Taxes to Receivables Invoice The Taxes defaulted can be changed manually if required You can also change the defaulted Service Type before completing the transaction Note In case the transactions are imported from Order Management Service Type cannot be changed using this form Generation of Excise Invoice If the Invoice that you have created has excise type of taxes you can generate an Excise Invoice for the transaction All excise related registers will get updated on completion of the transaction Generation of VAT Invoice If the Invoice that you hav
5. Service Type Review Service Type Review lets you capture the Service Type for those transactions where it was either not captured during the transactions or could not be captured for some reason We recommend you to carry out this review before carrying out settlement You also have an option of querying existing records to view and change he captured Service Type for any existing Transaction Navigate to India Local Payables gt India TCS VAT Service Tax gt Period End gt Service Tax Repository Review Field Description Type Action Description Source PICK The source from which the Repository entry has been carried out and would give LOV values of Payables Receivables Manual and Distribution India Local Payables 3 37 Field Description Type Action Description Organization Location Transaction Dates From Transaction Dates To Include Settled Optional Transactions Query Read Only Optional Query Only records Optional with Null Service Type Checkbox Checkbox Checkbox This lists the Inventory Organizations for which you need to find the transactions Lists Locations based on the Organization selected This is to enter a date range from which the repository records needs to be displayed This is to enter a date range to which the repository records needs to be displayed Checking this will enable query of already settled transactions Checking this will
6. Action Description New other taxes Displayed Select All Button Consolidate Export Button Line Details button CHECK BOX The New Invoice Taxes amount other than of Excise Type will be displayed here After Supplementary verifying the if the user wants to mark all the transaction transaction which are to be exported to AP Invoices then he can use this button If the User wants to consolidate more supplementary Invoices or Credit Memos then he needs to enable consolidate check box after the respective transaction two or marking lines The transaction will exported into AR transaction table through this button marked be Users can view the Lines details form Field Description Type Action Description Header Details block Invoice Number Displayed Original Invoice Number will be displayed here India Local Receivables 5 35 Field Description Type Action Description Supplementary Displayed The corresponding Supplementary Invoice Type Invoice Type will be displayed here Existing Amount Displayed Original Invoice Line Amount Tax line amount of the Original Invoice will be displayed here Revised Amount Displayed Revised Amount Revised Tax Amount on account of Price Tax Assessable Price changes will be displayed here Line Details block Line No Displayed Line No of an Original Invoice will be displayed here Item Dis
7. Duty Per Unit Excise Duty per unit as per receipt line will be displayed here SH Cess Cess per unit as per receipt line will be displayed here Closing the RG23D Register Entries India Local match claim form reduces the pending quantity available against the receipt Note Matching the receipt quantity also restricts modification of taxes in the tax screen Thus all activities with respect to taxes such as addition or modification should be completed before matching the receipt quantities When line values are modified after completion of match activity the system reverts the quantities that were already matched against the Receipts You will need to re match the shipped quantities in order to claim the balance accrued credit View Inter Organization Transactions View Interorg Excise VAT Details facilitates to view the Inter Organization Transactions This form is only a view form and no modifications can be made to the form Navigate to India Local Inventory gt Transactions gt View Interorg Excise VAT Details Field Description Description Find Excise VAT Details India Local Inventory 1 119 Field Description Description From Organization To Organization From Date To Date Excise Invoice No VAT Invoice No Select the Name of the Organization form where the Inter Organization Transfer has taken place Select the name of the Organization to where the goods are shipped at the time of
8. Invoice On selecting this option in combination with the Invoice Type the Excise Invoice number generated on saving an AR Invoice would be based on the definition specified for this record Export 5 48 Oracle Financials for India User Guide Field Description Type Action Description Order Invoice Type Register Code Prefix Start No Jump by Required Required Optional Required Required PICK HELP PICK HELP The document sequence defined here would be applicable to Excise Invoice numbers generated for an Export Transaction This would be applicable to all the Order Invoice Types that are Define Bond Register Chosen for the Organization Location with the Register Type as Export with Excise and this Order Type is not chosen in the India Local Excise creation screen for the Organization Location The relevant Order Type Invoice type related for a Inventory Organization Location have to be selected here from the LOV The appropriate Register Code for a Order Invoice Type have to be selected here from the LOV Any alpha numeric code that would be prefixed to the Excise Invoice Number You can specify the Start Number for a specific Excise Invoice Series which are to be generated from a particular Inventory Organization Location for a specific Order Invoice Type You can decide chronological series for Excise Invoice Numbers by specifying Jump by
9. Item Class This attribute defines the applicability of VAT to items This attribute is important in determining whether VAT will be charged in the OM AR cycle Possible Values 1 Yes VAT is applicable on the OM AR cycle and VAT liability on these transactions will be accounted All items on which VAT liability arises should be defined as Yes 2 No VAT is not applicable for these items and you should not attach VAT taxes at the time of transactions This is the Item Classification for the purpose of VAT This Item Classification is important from the accounting and VAT claim point of view You can define different accounting and VAT claim rules for different Classes of Items Possible Values 1 Raw Materials All material on which VAT needs to be claimed in PO AP cycle should be defined as Raw Materials 2 Capital Goods All Capital Items on which VAT needs to be claimed in PO AP cycle should be defined as Capital Goods 3 Finished Goods All items on which VAT liability arises in the OM AR cycle should be defined as Finished Goods 4 Other Goods This is the residuary category Items may be defined as Other Goods and accounting rules can be defined for these as well India Local Inventory 1 67 Attribute Name Attribute Value Recoverable This attribute defines whether input tax claim of VAT Taxes can be availed This attribute is important in determining whether VAT claim can be made f
10. of Invoice in this field e Same Order Type Transaction source cannot be mapped to different Excise Related Transactions You need to map your business requirements by considering the localization setup that needs to be carried out for mapping the Excise Related Transactions e Attachment of Order Type to Domestic without Excise or Trading without Excise would mean that Excise Invoice Number for such transaction is not required This Setup was mandatory for Tracking ST Forms earlier and is no longer mandatory for form tracking India Local Receivables 5 45 e When using Master Organization setup for generating Excise Invoice Numbers at Master Org level it is mandatory to setup the order type at both Child Organization and at Master Organization for generating the Correct Excise Invoice Number Negative Balance in PLA Organization Additional Information The latest Excise Rules allow settlement of Excise liability on a monthly basis With this system you will not have to hold shipments for non availability of funds The Allow Negative Balance in PLA Flag setup for the Organization Location allows you to over draw from the PLA balance available with you Prerequisites Before you enter the Allow Negative Balance in PLA Organization Additional Information you must e Define Organizations e Define Locations e Organization Additional Information See also Creating an Organization Setting Up Site Location
11. Customer Name Customer Number Ex Invoice Number Original Excise Invoice Number in which the goods where sent Ex Invoice Date Original Excise Invoice Date in which the goods where sent Excise Due Amount Excise duty amount that can be claimed from the Excise Department on account of an return India Local Inventory 1 123 2 India Local Purchasing This chapter covers the following topics Defining Tax Overview Outside Processing Transactions Receiving Corrections Mass Tax Update Transactions Handled Encumbrance Accounting Setting Up India Local Purchasing Managing Purchasing Transactions Receiving Corrections Using India Mass Tax Update Receipts Localized India Localization Receipt Details Inquiry Reports Defining Tax Overview Businesses in India must pay to the Supplier Taxes related to Central State and City Tax Authorities on most of the goods and services that they purchase Tax Handling helps you to manage taxes for Purchase Orders Requisitions Request for Quotations Quotations Releases and Receipts The Tax Handling functionality lets you satisfy all your Tax requirements related to Purchasing You can India Local Purchasing 2 1 e Define Taxes of Excise Customs Sales Tax Value Added Tax Central Sales Tax and other Type of Taxes e Define Item Category lists and attach them to the Suppliers and Supplier Sites to enable Tax defaulting e Define Tax Categories with Item Classes fo
12. In the Receipt Segment Receipt related information like Transaction Date Unit of 2 54 Oracle Financials for India User Guide measurement Quantity Received Sub Inventory and Lines Numbers are displayed This functionality facilitates the user to confirm updation of excise registers on completion of a Receipt transaction and the amount flown into the CENVAT Registers In the Register segment by using the TAB key user can move to part I part II RG 23 D and PLA registers as per the transaction parameters PLA will be updated only for RTV Transactions when preference is set to 1 or when sufficient balances are not available Field Description Type Action Description Register Type This field displays the Register in which the transactions are recorded This will be updated based on the values for the Items defined in the Item Class This can be CENVAT on input RG 23 A CENVAT on Capital Goods RG 23 C or Dealers CENVAT Register RG 23 D Serial Number This field displays the Serial Number in the respective Register under which the transaction was recorded UOM This displays the Unit of Measurement in which Excise Registers got updated Always Excise Registers will get updated only in the primary Unit of Measurements and users need to take enough care while defining the conversion factor from primary Unit of Measurement to secondary Unit of Measurement Invoice Number This field displays the Excise Document
13. Inventory will display here Field Description Type Action Description Unit of Measure Identification Tariff Code Dispatch Quantity Item Rate Dispatch value Excise Rate Dispatch Excise Amount Display only in PO linked Manual Forms Display only Display only Required Displa y only Display only Display only Display only Display only Unit of Measure for the Item being dispatched Primary UOM of the Item shall be defaulted However other UOMs could be used if UOM conversion is defined for the Item Enter Identification Mark if any There is no validation for this field Tariff Code will be defaulted from Item Definition User can change the same There is no validation for this field This is the Quantity as per Purchase Order or the user can enter the Dispatch Quantity List Price in Item Definition will be defaulted in this field This can be updated as per the valuation for Excise Per Unit of OSP Item Dispatch value Quantity Item Rate Dispatch Excise Rate will be defaulted from Organization Parameters This is percentage rate on Dispatch value and not a per unit rate Dispatch Excise Amount Dispatch value Excise Rate This amount of duty will be debited to the Selected Register of approval of Dispatch India Local Purchasing 2 17 Field Description Type Action Description Processing Nature Display only This will def
14. This date should pertain to the same quarter as entered in earlier parameter The Provisional Receipt Number in case the return has been filed earlier The file Path where the Flat file needs to be located Ensure that write permission exists for the given file path The name of the Flat file that is generated 5 58 Oracle Financials for India User Guide Field Description Type Action Description Action Event Required PICK The Concurrent can be run with any one of the following three parameters F Generate the Flat File H Generate the Flat File with Headers V Validate the Data This concurrent will not generate a report output but would generate a flat file at you specified location which can be used to file eTCS Quarterly returns India Program to Generate eTCS Yearly Returns Use the Submit Requests from India Local Receivables and enter India Program to Generate eTCS Yearly Returns in the Name field to submit the concurrent request Concurrent Parameters Field Description Type Action Description Legal Entity Required PICK The Legal Entity for which the report is being generated Org TAN Number Required PICK The Organization TAN Number for which the report is being generated Organization Required PICK The Inventory Organization for which the report is being generated India Local Receivables 5 59 Field Description Type Action Description Financia
15. To default and calculate localization taxes you have to create a Requisition navigating through Requisitions Localized window India Local Requisition is a view form and the data in this window is populated based on the transaction details entered in Base Applications form and the Tax Setups Creating Requisitions In India Local Purchasing Responsibility navigate to the India Local Requisitions window from Requisitions gt Requisitions Localized Field Description Type Action Description Header Block Display only The Requisition Number is a Number system generated number will be displayed after enter and save a Requisition India Local Purchasing 2 37 Field Description Type Action Description Operating Unit Type Preparer Description Status Total Line Block Line No Item Description UOM Display only Display only Display only Display only Display only Display only Displayed Displayed Displayed HELP EDIT PICK You have to select the Operating Unit from the LOV The Type selected in the Standard Apps form will be defaulted The Preparer s Name will be displayed here Description of a Requisition will be displayed here The status of the Requisition will be displayed here Quick field are Incomplete In Process and Approved The Total value of the Requisition including Tax Amount will be displayed here and th
16. You cannot delete a registration here This field will default from Regime Registration screen This field will default from Regime Registration screen This field will default from Regime Registration screen This field will default from Regime Registration screen Pick accounting flexfields for each account specific to the organization Field Description Type Action Description Default CHECKBOX This checkbox will be checked whenever default account value at the regime level are retained It will be unchecked when account value is modified Defining Item Classification Under TCS Regime items have to be classified into following categories e Alcoholic liquor for human consumption e Timber obtained under a forest lease e Timber obtained under any mode other than forest lease e Any other forest product not being timber or tendu leave e Scrap e Parking Lot e Toll Plaza e Mining and Quarrying e Tendu leaves You must classify the items under the above categories which would be required for proper reporting You can setup templates with possible Item classifications Multiple items can be assigned to templates at a time This feature enhances usability and minimizes time required to complete this setup To define Item Classifications navigate to India Local Receivables gt India TCS VAT Service Tax gt Setup gt Item Classification Note If item classification is not car
17. assigned to the VAT Item Classes Define VAT Generation Sequence VAT Invoice sequence can be defined for an India Local iProcurement 9 5 Order Invoice Type You can also specify prefixes for each series A default series would be defined automatically for the regime This would be applicable to the Transaction Types to which no series has been defined e Define User Authorization for IL iProcurement Access This step has to be carried out by the System Administrators Profile options IL Access iProcurement Tax information and IL Allow iProcurement RTV CENVAT Process need to be selected with values of YES or NO based on the authorization levels of the iProcurement users You will be allowed to modify taxes or claim CENVAT through iProcurement only if you have these profile option values set to YES Processing iProcurement Transactions User Authorizations A new profile name specific to iProcurement for India taxes is added to System Profile Values to restrict tax modification and entry Authority to modify taxes in iProcurement is controlled by JAIN Access iProcurement Tax information The default value for this profile is set to NO implying No Access to modify India taxes during the iProcurement process flows System Administrators should set the profile to each iProcurement user with appropriate values to ensure the proper user authorization levels iProcurement Transaction Flow Oracle iProcurement module handles
18. returned will be included in the Encumbrance accounting actions of the respective event Note Deliveries to Process Manufacturing Organizations do not generate Encumbrance reversal entries since Oracle Process Manufacturing Costing and Sub ledger accounting does not support Encumbrance currently Hence there will be no support for India Local taxes for Inventory item deliveries to Process Manufacturing Organizations Receiving Corrections Returns for Expense items with At Receipt accrual method Purchase Order Internal Requisition encumbrances are reversed on the Expense Delivery event Similar to the Inventory destination deliveries non recoverable tax amounts of Purchase Order Internal Requisition distribution that is being received corrected returned will be included in the Encumbrance accounting actions of the respective event India Local Purchasing 2 27 Receiving Corrections Returns for Expense items with Period End accrual method Oracle Financials for India does not support Period End accrual method as it is not compatible with India Tax Regimes Hence Oracle Financials for India support is not being provided for this feature Invoicing Encumbrance actions In the Procure to Pay cycle encumbrance accounting impact is only applicable for PO matched invoices for Expense items with Period End Accrual method As Oracle Financials for India does not support this accrual method Oracle Financials for In
19. s nsseeiieesesintissrnennsrnntissrntnrnrintissinnnnrinennsinnrrnreneennn 2 29 Managing Purchasing Transactions ss neseseneenssiietesireisrinrtnstinrisrintinsinrisrintrnnrinerenennr ent 2 37 Receiving COrtecti nSn soiien aba ssa A ATA a 2 47 Using India Mass Tax Updatess arisigha a a eia aidati 2 48 Receipts Localized znadem anani a a T a 2 51 India Localization Receipt Details ssnosnnsnesisensstnsrisristinstnstistnntrnstnsrnnrnntrnnrnsrnnrnnnrnnennne 2 58 Inquity ica ana eee aia e a ee pte a a 2 71 Reports sciciciccietinws Aerial A en ae ele ee 2 75 India Local Payables CL DS Returns i e csc eee in esse aah ade acne a eG reat 3 1 Billof Entry BOE ccs Gaia ie ai a ett tis enh eas 3 2 Capture Personal Ledger Account PLA Payment 00 00 ccc eee teeter tener ener teeteeeees 3 4 Tracking of Sales Tax Forms Issues ccccccccccccsccsecsecneeeecnecseeeeeesaecseesescaeenecnseesseeesaeenes 3 5 Third Party Taxes Additions to Fixed Assets cccccccccsscscesecsseeseensecseesecneensseseseeeeenas 3 5 Defining PCS Authority is ea niaaa eins eta a e eaa aa aan aa Aaaa aaa 3 6 Setting Up India Local Payables diania ainaani iatan aaan E iaa Eaei ia 3 6 Managing TDS Tramsactions 0ccccccccccececceersecneeeeceneeeseenecaecneeseceecsecteseseeesceeneenieees 3 30 Service Type Review isish ssa sielieeacesteveasivaaraetsass veest aa detaailendavaal E Kad a AE ERa EEE 3 37 BOE nyol CES e
20. 3 Organization Select the value of Organization for which the returns have to be generated 4 Tax Authority Select the Income Tax Authority for which the TDS Invoices have been generated and paid 5 Tax Authority Site Select the Vendor Site code of the Income Tax Authority 6 Deductor Name Enter the Name of the Deductor 7 Deductor State Select the appropriate value for the State from the LOV 8 Address Changed Since Last Return Select the value Yes No from the LOV 9 Deductor Status Select the appropriate value from LOV 10 Person Responsible for Deduction Enter the Name of the Person Responsible 3 36 Oracle Financials for India User Guide 11 12 13 14 15 16 17 18 Designation of Person Responsible Enter the Designation of Person Responsible for deduction Challan Start Date Enter the From date range Challan End Date Enter the To Date Range File Path Select the Default value from the LOV This value will be selected based on the util_file_dir parameter value of the database File Name Enter the Name of the flat file name and the eTDS returns flat file will be generated with this name Generate Headers Select the values Yes No from the LOV If the value Yes is selected then system will generate a flat file including Headers columns If the value No is selected system will generate a flat file which can be validated against the file validation utility of NSDL
21. An Item Class can be identified for a Tax Category These taxes would default for 9 4 Oracle Financials for India User Guide all the Items falling in this class This would be useful where the Item class drives the tax applicability These taxes would default for the transactions created for the items in the item class You can however manually add new tax lines and can change delete change precedence for the defaulted lines For further information see Defining Tax Categories page 1 89 Define Item Categories Item Category allows you to assign Tax Categories to an inventory item in an Organization You can attach an Item Category to the Additional Internal Customer information The Taxes defaulted for a transaction line would be based on the Item Category attached to the Internal Customer and the Tax Category assigned to the Item in this category For further information see Defining Item Category page 1 57 Define Assessable Price Lists When the Taxable basis for the calculation of the Excise Duty is different from the Price at which the Item is transferred then you will has to create additional Price Lists with the Item Excise Assessable Price This price list has to be attached to the Internal Customer or Customer Site The Assessable Price would be considered only for calculation of the Excise Duty Assessable Price Lists needs to be defined separately for Excise and VAT if the taxable basis is different Define Supplier Additio
22. Define Organization Trading Information Define Organizations Registered under the Central Excise Rules as a Dealer Depot Navigate to Trading Information Tab of the Additional Organization Information to enter Excise Registration details of a Dealer The information entered here would be printed on all relevant reports and invoices raised from this Organization You need to ensure that no values are entered in any of the boxes falling under the Excise region of the Tax Information tab of the Additional Organization Information Any value entered in this region would categorize this Organization as a Manufacturing Organization For further information see Defining Trading Registration Details page 1 8 Define Sub Inventory Location As a part of Localization setup sub inventories have to be associated to a combination of Organization Location Excise related transactions and records would be updated only for those sub Inventories that are identified as bonded for Manufacturing Organizations and as traded for Trading Organizations For further information see Defining Sub Inventory Location page 1 23 India Local iProcurement 9 3 e Define Excise Invoice Generation This feature can be used to automate the Excise Invoice document sequence generation You can setup a document sequence for the combination of Transaction Type Order or Invoice Type and Register Type You can define an alpha or alphanumeric value which would be prefixed to the num
23. Document No amp Date Debit Basic Additional Officer s Initials India Local Purchasing 2 85 Blank Receipt Number This field displays the corresponding Receipt Number Closing Balance Opening Balance cr_basic_ed cr_additional_ed dr_basic_ed dr_additional_ed cr_other_ed dr_other_ed Important It is necessary that to run India RG Period Balances Calculation program with the last day of the month preceding the report dates This program should be scheduled once for every month with the last of the month If this is not done the report would end with an error India RG23C Part I Report This Report gives you the Stock Account of Capital Goods to be used in the manufacture of Final Products and complete Quantitative Details as per Format Specified by Central Excise Act for an Inventory Organization and its Location Format and columns of this Report is same as specified by the Central Excise Act Report Submission Use the Request Transaction Reports form and enter India RG23C Part I Report in the Name field to submit the Report Report Parameters Organization Optional PICK HELP Enter A Organization you wish to take the RG Report for Location Optional PICK HELP Enter a Location you wish to take the RG Report for Transaction From To Date Required If the user wants to take report for a specific period then he has to specify the periods Report Headings Report headings provide y
24. Find screen Sales Tax Form Sub Details This section displays all matched Invoices grouped by combination of Invoice Number and Purchase Order For each Invoice the Tax Target amount verses the Matched Amount is displayed based on the above grouping 3 52 Oracle Financials for India User Guide Field Description Type Action Description View Sales Tax Form Header Block Party Name Display only Party Site Display only Form Type Display only View Sales Tax Form Detail Block Fin Year Display only Form Number Display only Form Date Display only Transaction Date Display only Form Amount Display only View Sales Tax Form Sub Detail Block Issue Block Invoice Number Display only PO Requisition Display only Amount Document Type Display only Tax Target Amt Display only Context Information carried over from Query Find Screen Context Information carried over from Query Find Screen Context Information carried over from Query Find Screen Fin Year as created from the match detail screen Form Number as created from the match detail screen Form Date as created from the match detail screen Transaction Date as created from the match detail screen Form Amount as created from the match detail screen This is the Transaction Number This field displays the Purchase Order Number This field displays the Document Type This field displays Tax target amount I
25. Initiating Change Requests India Localization Tax Amount is displayed along with base amount in the Purchase Order Summary page Tax details are displayed in a view only mode for each Purchase Order line in the Purchase Order details page that opens up on drilling down from a Purchase Order Number Purchase Order Receipt Invoice Tax amounts are displayed along with base amounts in the Summary block in the Purchase Order details page 10 2 Oracle Financials for India User Guide e PO Shipment level tax details are also displayed in the Purchase Order details page e India Localization Tax Amount and details are displayed in the Receipts Invoices and Payment details pages that open up from the Purchase Order Related Information links e Tax details are displayed in a view only mode for each Purchase Order line in the Request Cancellation page that opens when you click Request Cancellation On approval of the cancellation of the line or order initiated from iSupplier related India Localization tax lines are also cancelled e Tax details are displayed in a view only mode for each purchase order line in the Request Changes page that opens up on pressing the Request Changes button On approval of the changes Quantity or Price change Shipment splitting etc initiated from iSupplier related India Localization tax lines are also changed accordingly Shipments In India Localization context Suppliers shall be providing Excise VA
26. Navigate to India Local Payables Oracle Payables Suppliers Entry Window Create a New Supplier Select India TDS Authority in the Type field Defining TDS Sections TDS Sections would be a part of the seed information However in situations where you use the TDS feature to deduct tax governed by other enactments you can also add to the existing list of sections You can define Effective periods during which the Code would be valid Prerequisites Before you enter the TDS Sections you must e Define Organizations e Define Locations e Define Payable Options e Define Financial Options In Oracle Financials for India navigate to India Local Payables gt India Localization gt Asia Pacific Lookups Creating TDS Sections To create TDS Sections Query for JAI_TDS_SECTION Type 3 8 Oracle Financials for India User Guide Enter up to 25 characters as a unique code you want to add to the lookup codes provided Enter the text with which you would like to identify the code Enter the validity period in the EffectiveDates fields Enable the sections that you would like to be used Defining TDS Taxes Prerequisites Taxes of Type Tax Deduction at Source have to be defined before you start using the TDS functionality You can assign appropriate rate with an optional surcharge for each of the Codes These codes on application to an Invoice would automate the deduction process Before you enter the TDS Tax Codes you
27. Optional PICK You should specify the amount by Amount which you want to modify the HELP threshold this amount can be EDIT positive or negative Invoice Unapply Optional PICK You should specify the amount by Amount which you want to modify the HELP threshold this amount can be EDIT positive or negative Tax Paid Amount Optional PICK You should specify the amount by which you want to modify the tax HELP paid till date amount this amount EDIT can be positive or negative Remarks Optional PICK You can enter remarks if any HELP EDIT India Local Payables 3 27 Field Description Type Action Description Apply BUTTON You should press this button to confirm the modifications made to the thresholds Defining Customs Authority You need to define a Supplier and classify the Supplier as Customs Authority While creating a Bill of Entry Transaction the Supplier would be listed in the LOV of the Customs Authority field Such Suppliers would be used by the system while auto generating the Invoices for Customs Duty liability arising on saving the Bill of Entry Prerequisites Before you create the Customs Authority you need to e Define Organizations e Define Locations e Define Payable Options e Define Financial Options Navigation Details India Local Payables Oracle Payables Suppliers Entry Creating Customs Authority To create Customs Authority Create a new supplier Select India Customs Authority
28. Start Date Required Required Required Required Required Required Optional 5 106 Oracle Financials for India User Guide The Address of Person responsible which needs to be printed on the report The City of Person responsible which needs to be printed on the report The State of Person responsible which needs to be printed on the report The PIN code Postal Code of Person responsible which needs to be printed on the report The Telephone Number of Person responsible which needs to be printed on the report The email Address of Person responsible which needs to be printed on the report The start date from which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter End Date Optional The end date till which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter India TCS Quarterly Report Use the Submit Requests from India Local Receivables and enter India TCS Quarterly Report in the Name field to submit the report Report Parameters Report Parameter Type Action Description Legal Entity Required PICK The Legal Entity for which the report is being generated Org TAN Number Required PICK The Organization TAN Number for which the report is being generated Organization ID Required PICK The Inventory Organization for which the report is being gene
29. Tax Authority Tax Authority Site Item Classification Line Information Settlement Date TAN Number TCS Amount Surcharge Amount Display Display Display Display Display Display Display Display This needs to be set to India TCS Authority for TCS settlement The Vendor name which was used for making the TCS Challan at time of TCS Settlement The Vendor site which was used for making the TCS Challan at time of TCS Settlement The TCS Item class for which TCS Settlement was carried out The Date when TCS Settlement was carried out The Organization TAN Number for which Settlement was carried out The basic TCS Amount that was settled The Sucharge on TCS Amount that was settled 5 10 Oracle Financials for India User Guide Field Description Type Action Description Education Cess Amount Total TCS Amount Check Date Check Number BSR Code Check Deposit Date Bank Name Display Display Display Display Required Required PICK Required PICK The Education Cess on the TCS and the Surcharge amount that was settled The Total TCS amount that got settled This is sum of the TCS Amount surcharge amount and Education Cess amount shown in the preceding three columns The Check date with which this settlement was paid The Payment Document number using which the TCS settled amount was paid This is a seven digit
30. The type of the document is a new field attached to the Additional Supplier Information screen For each Supplier Site it is mandatory that the user needs to enter this information The standard Document Type that is being widely used in the industry are Invoice Delivery Challan Bill of Entry Excise Challan etc Number and Date of the Document This field displays the Identification Number of the Supplier document and date on which CENVAT credit has been taken on the Capital Goods Name of the Supplier This field displays the name of the Supplier from whom the Capital Goods on which CENVAT was claimed was received Type of Supplier An additional field is provided in the Supplier Additional Information screen to capture the type of the Supplier Standard Supplier Types used in the industry are 2 88 Oracle Financials for India User Guide Manufacturer Dealer and Importer etc ECC Number of the Supplier This field displays the ECC Number of the Supplier Site from where the inputs are received Date on which Input Capital Goods Received This field displays the Date of Receipt of Goods Input Details of Credit taken These fields displays the amount of CENVAT credit taken against the transaction Description This field displays the description of the goods received Sub heading This field displays the Tariff heading of the Goods received Quantity This field displays the Quantity of the goods received Important The val
31. This field displays the class of accounting entries Organization Costing Tab Creation Date Name of the Organization will be displayed here Date of the receipt transaction will be displayed here India Local Purchasing 2 63 Field Description Description Account Number of the Account in which the effect of the transaction is going will be displayed here Period Displays Accounting Period Debit Amount Debited will be displayed here Credit Amount Credited will be displayed here Organization Name of the Organization will be displayed here BOE Tab Customs Authority Site Site of customs authority will be displayed here Agent Name Number of the BOE will be displayed here Amount Amount applied against the BOE will be displayed here Claim CENVAT on Receipts If you do not wish to take credit on inputs or capital goods immediately on Receipt you can claim the credit from the Claim Credit on Receipts window In the case of capital goods balance Credit of 50 that can be availed in the Next Financial Year can be claimed through this screen While taking Credit on Capital Goods through this windows the Accounting Entries mentioned will get generated This form can be used to claim CENVAT Credit on Receipt if the CENVAT Credit is not taken at the time of Receipt because of non availability of adequate information Further for Capital Goods the CENVAT Credit could be taken only after installation and thu
32. Unit from the LOV HELP PICK Organization Required EDIT HELP The user needs to specify the PICK Inventory Organization name from LOV for which the Manual Excise Entry is going to be accounted The user needs to specify a Inventory Organization for which he wants to view the RG I Register balance and information India Local Inventory 1 97 Field Description Type Action Description Location Required Serial No Transaction Date Required Transaction Type Required Item Required Customer Vendor Optional Name Location EDIT PICK EDIT PICK EDIT PICK EDIT PICK HELP HELP HELP HELP The user needs to specify the Location of an Inventory Organization from LOV for which Manual Excise Entry is going to be accounted The user needs to specify a Location of an Inventory Organization for which he wants to view the RG I Register balance and information It is system generated serial number which is generated automatically after entering a transaction The Transaction Date will be entered here If the user wants to view the RG I Register for a particular day then he has to specify the Transaction Date The Transaction Types are Receipts Issue Inter Org Receipt Inter Org Issue Receipts Adjustment Issue Adjustment Production Receipts Production Issue and Customer Return By picking one the type the user can view enter a RG 1 entries for that type The user needs
33. Vendor DISPLAY This field displays the Vendor Name Org TAN No DISPLAY This field displays the Organization TAN Vendor PAN No DISPLAY This field displays Vendor PAN Threshold Details block Fin Year DISPLAY This field displays the Financial Year Section Type DISPLAY This field displays the Section Type s Section Code DISPLAY This field displays the Section Code s Total Invoice Amt DISPLAY This field displays the Total Invoice Amount Invoice Cancel Amt DISPLAY This field displays the Total Invoices cancelled Invoice Apply Amt DISPLAY This field displays the Invoice Apply Amount Invoice Unapply DISPLAY This field displays the Invoice Amt Unapply Amount Tax Paid Amt DISPLAY This field displays the Tax Paid Monthly Threshold Amounts Amount till date 3 26 Oracle Financials for India User Guide Field Description Type Action Description Fin Year Optional PICK You can select the Financial Year for which you wish to modify the HELP Threshold EDIT Section Code Optional PICK You should select the Section Code here for which you wish to modify HELP the Threshold EDIT Total Invoice Amount Optional PICK You should specify the Amount by which you want to modify the HELP Threshold this Amount can be EDIT positive or negative Invoice Cancel Optional PICK You should specify the Amount by Amount which you want to modify the HELP Threshold this amount can be EDIT positive or negative Invoice Apply
34. accounting and tax Oracle Payables Reference Guide This guide provides you with detailed information about the Oracle Payables open interfaces such as the Invoice open interface which lets you import invoices It also includes reference information on purchase order matching and purging purchasing information Oracle Payments Implementation Guide This guide describes how Oracle Payments as the central payment engine for the Oracle E Business Suite processes transactions such as invoice payments from Oracle Payables bank account transfers from Oracle Cash Management and settlements against credit cards and bank accounts from Oracle Receivables This guide also describes how Oracle Payments is integrated with financial institutions and payment systems for receipt and payment processing known as funds capture and funds disbursement respectively Additionally the guide explains to the implementer how to plan the implementation of Oracle Payments how to configure it set it up test transactions and how use it with external payment systems Oracle Payments User Guide This guide describes how Oracle Payments as the central payment engine for the Oracle E Business Suite processes transactions such as invoice payments from Oracle Payables bank account transfers from Oracle Cash Management and settlements against credit cards and bank accounts from Oracle Receivables This guide also describes to the Payment Administrator how to
35. based on the Threshold setups of that particular Section and Vendor Type System will generate 3 TDS Invoices on validation of Standard Invoice for each of the segment TDS WCT ESI Invoice will be cancelled System will generate the TDS Invoice for both the lines System will generate the TDS Invoice and Credit Memo in functional currency When Threshold Limit for surcharge is reached Tax Code that includes the Surcharge will apply to all the Invoices generated during the year System will update the Threshold amount and further TDS Invoice generation will be based on the modified Threshold System will generate the TDS Invoices based on the current Thresholds System will generate the TDS Invoices based on the current Thresholds 3 22 Oracle Financials for India User Guide Sr No Case Behavior 13 Creation and validation of a prepayment Invoice 14 Application of Standard Invoice Prepayment Invoice to a Never Validated System will generate the TDS Invoices based on the current Thresholds System will generate TDS invoice for Vendor and CM for the TDS Authority for the TDS tax code attached to the standard Invoice and also an RTN invoice for the vendor and CM for the TDS Authority will be generated by the system in lieu of the TDS generated for the Prepayment Invoices So there will be adjustment reversal entries generated by prepayment the system for the TDS deducted on the in
36. by using this button Such change can only be made if It is a inventory item and the balance in register is sufficient to cover the Excise Duty Payment Organization The user can view tax lines and modify the tax lines for a transaction Such entry can be in alpha numeric giving from amp to numbers that will be stored for reference against all lines of the Invoice After entering the above information the user can navigate to Enter Invoice Standard Apps form through that the Transaction Number Customer details and Item details will be entered Save and Complete the Standard Apps form and depending upon the 5 70 Oracle Financials for India User Guide Tax Category attached to the Item for a Customers the tax lines will be defaulted If the Tax lines has Excise Type of Tax then the System by itself will default the Excise Record to be used for the transaction depending upon the Order of Reference defined for Excise Record in the Organization Accounts Information however the user can change the Register and Excise Invoice Number will be allotted once the transaction is completed in the Enter Transaction India Localization Form After Save and Close the above Standard Apps Form If the Taxes Button is clicked for a once completed Transaction System will show the following message It is imperative that Taxes are available on the Invoice prior to completion Hence On trying to complete a Invoice when the concurrent AR Tax
37. enable query in read only mode i e view mode Checking this will enable query of records where Service Type is null amp hence requiring update This search lists all the Service Tax Repository Transactions for the given find criteria You have an option of Defaulting Service Type from setup Alternatively use a Service Type specified in this search results The Service Type can then be defaulted only to those records where Service Type is null 3 38 Oracle Financials for India User Guide Note Settlement cannot be carried out till you ensure that the Service Tax balance is transferred from Operating Unit to Inventory Organizations Also you need to ensure that all the transactions are classified by the right Service Type Service Type Review also lets you view accounting entries made against Service Tax Navigate to India Local Payables gt India TCS VAT Service Tax gt Period End gt Service Tax Repository Review Click View Accounting to view the accounting entries for a particular Service Tax repository entry BOE Invoices Generating BOE Invoices You can create the BOE Invoices for all the import purchases and the liability will be recognized to the Customs Authority and any Advance Payment can be made before the actual receipts of material To enter BOE Invoices navigate to the India Local Bill Of Entry window Field Name Type Action Description BOE Number Display only Select from the LOV depe
38. numeric code that is required to be printed on the TCS Certificate and in eTCS returns The date when the Check was deposited with TCS Authority The Bank Name that would get printed on the TCS Certificate India Local Receivables 5 11 Field Description Type Action Description Challan Number Required The five digit numeric challan number with which the TCS was paid This would be printed on the TCS Certificate Finalize Settlement To finalize the TCs settlement navigate to India Local Receivables gt India TCS VAT Service Tax gt Period End gt Settlement Payment Details Run India Generate TCS Certificates Run the India Generate TCS Certificates from View gt Requests gt Submit a new Request from India Local Receivables or India Local Payables responsibility Running this request will generate TCS Certificate numbers against each customer for the settlement If you want to issue certificates quarterly and settlement is carried out monthly then run this request every quarter and not after each settlement Field Description Type Action Description From Date Required To Date Required TAN Number Required PICK From Date for which TCS Certificates that needs to be generated To Date for which TCS Certificates that needs to be generated TAN Number for which TCS Certificates that needs to be generated 5 12 Oracle Financials for India User Guide
39. optional PICK Enter the Location for which you wish to take the 57F3 Register Report for From Date optional Oracle Financials for India prints all entries in the register starting with the date you enter for this parameter To Date optional Oracle Financials for India prints all entries in the register up to the date you enter for this parameter Report Headings Report headings provide you with general information about the contents of the report Oracle lists Organization Information based on user input Column Headings Description of Goods Description of OSP Item Tariff Classification Excise Item Tariff Classification Dispatch Quantity Quantity of Item dispatched Identification marks if any Identification marks of OSP item if any Premises Factory to which removed Premises Factory to which OSP items were sent Challan No Challan date Date and Number of 57F4 Challan Nature of Processing required Nature of Processing required for the OSP Item Rate and Amount of Credit Reversal Rate and Amount of Excise Duty paid on removal of OSP items India Local Purchasing 2 95 Reg Name Sl no amp Date of Dr Initials of Mfr Supplier Reg Name Sl Number and date of Debit entry in the Excise Register Receipt date Clearance date from Processor Date of Receipt of Items in the factory Received Quantity Unit of Measure Quantity of Items Received till date Pending Quantity Pending quantity of OSP
40. select a Supplier Name in this field 3 54 Oracle Financials for India User Guide Field Description Type Action Description Supplier Site This will be used to filter the data related to given Supplier Site otherwise all Supplier Site s related data is processed Re Process not This would consider all Invoices in issued invoices the selected date range for processing Also those Invoices that have been processed earlier would be re processed Hence all revised actions and status on Invoices would be considered for re processing Invoices for which Forms are already issued would be left unprocessed Enable Trace On selecting Yes in this field a Raw Trace File would be generated for this request It is a pre requisite to have Enable Trace checked for India ST Forms Issue Processing Concurrent Program India FA Mass Additions After creation of Receipts user should submit request for creation of Payables Invoices for the Third Party taxes that are included in the receipts Meanwhile user would create the Payables Invoices for the PO Vendor Base Invoice These Invoices would be either created manually or automated by submitting Pay on Receipt Auto Invoice program for the receipt Once a Receipt matched AP Invoice is validated approved and accounted they would qualify for FA Mass Additions User can schedule Mass Additions Create program to carry these lines to Fixed Assets This pro
41. the register selection can be made through the radio button displayed against each of the above three registers Navigate to India OPM Process Execution gt Production Mgmt gt OSP Transactions gt B OSP Lines All the fields are display only fields These fields are populated based on the ref no Batch No entered on the previous screen If the batch status is closed Select Register will be enabled You must select a register to credit the excise amount On selection of Excise Register Post RGII Entry push button will be enabled On clicking this push button excise register RG II entry will be made If the receivable excise amount is null you need not select any register The following accounting entries are passed in the localization at the time of claiming the receivable excise amount India Local Inventory 1 111 Dr CENVAT RM CG Excise duty Cr Excise Paid Excise duty Item No Displays the Item Number UOM Displays the Unit of Measure of the item This is the primary unit of measure of the item Unit Price Displayed unit rate of each item Plan Qty The total expected quantity will be displayed Received In due date The total quantity received with in the due date will be displayed here Due date will be calculated taking batch certify date as the start date and considering the no of days mentioned OSP Return days field mentioned in the organization additional information screen Received after due date The total
42. the value in the Original field would be set to No At this stage both Original and Duplicate fields can be updated The Access to View 57F4 Challans window would be restricted to authorized users These users can query for the Forms and change either Original or Duplicate The value in either one of these fields can be set to Yes On changing value in one of these fields the other field would be disabled This change would list the Form for Printing once more The Challan Report that have Duplicate as Yes would be marked as India Local Purchasing 2 19 Duplicate On printing the Challan the values in both Original and Duplicate fields would be set to set to No Print Control 57F4 Organization Name The User can select from the Organizations The LOV for all other fields would be based on value selected in this field This would be a mandatory field Location The User can select from the Locations defined for the Organization The LOV for all other fields would be based on value selected in this field This would be a mandatory field Fin Year The LOV for this field would list the Fin Year Localization defined for the select Organization and Location This would be a mandatory field Vendor Name The LOV for this parameter would display the Suppliers with OSP transactions PO Number The LOV for this field would display the Purchase Orders with OSP Items created for the selec
43. this field won t be having any details PO Number amp Date PO Number for the respective purchase will be reported Remarks Narration Remarks Narration appearing in the Receipts and Payments vouchers will be reported Account Code GL Account for the respective Receipts and Payments will be reported Description Description of the GL Account for the respective Receipts and Payments will be reported Receipts Receipts Amount will be reported into this column Payments Payments Amount will be reported into this column Balance Balance Amount in the Cash Bank will be reported into this column Important Cash Book Report will be generated by specifying the Book Type C India Service Tax Pending Liability Report This Report gives you the details of Service Tax Pending Liability This Report shows all the unpaid partly paid AR Invoices for which Service Tax Liability has not yet arisen Report Submission Use the Other Reports form India Local Receivable module and enter India Service Tax Pending Liability Report in the Name field to submit the Report Report Parameters Registration Number Required PICK The Registration Number for which the report is being generated 5 98 Oracle Financials for India User Guide Organization Optional PICK The Operating Unit for which the report is being generated As on Date Required The Date as on which the report is being generated India Service Tax Pending R
44. transacting the Inter Organization Transfer Starting from this date the Inter Organization Transactions will be part of the Query criteria End date of the Query Criteria for the Inter Organization records to be displayed Excise Invoice Number for the Inter Organization Transfer being generated at the time of transaction creation Based on this the query criteria the record s will be displayed If a particular Excise Invoice Number is given then the same is displayed VAT Invoice Number for the Inter Organization Transfer being generated at the time of transaction creation Based on this the query criteria the record s will be displayed If a particular VAT Invoice Number is given then the same is displayed Reports This section provides overview and detailed description of these reports Tax List Report Excise Duty Claim for RMA Report India Tax List Report This Report gives you the List of Tax Category for an Item Class and its associated Tax Code amp Tax type The user can view and review this report before defining a New Tax Category Report Submission 1 120 Oracle Financials for India User Guide Use the Request Transaction Reports form and enter India Tax List Report in the Name field to submit the report Report Parameters Tax Category Name PICK HELP optional Oracle Financials for India accepts Tax Category name as an optional parameter If you do not give any value to this field system will
45. which the OSP goods should come back to the Inventory Organization under 57F4 As per the Excise Rule it is 180 days India Local Inventory 1 15 Field Description Type Action Description OSP Excise Optional percentage Days allowed for Optional 173 L Sales tax returndays Optional MODVAT Reversal Optional Enter the rate of Excise duty charged for an OSP transaction Since there is no need to pay duty while sending goods While sending goods for sub contracted operations the user needs to input zero in this field If any other value is given in this fields appropriate duty will get calculated whenever he cuts a 57 F4 Challan Important Since no duty needs to be paid while sending goods for sub contracting user needs to ensure that the value against this field is always 0 Enter the number of days allowed for a transaction under 173 L of Excise Act in the case of Sales Return Enter the number of days within which the Sales Return Goods should reach the Inventory Organization from the date of Sale as per Sales Tax Act As per the Sales Tax Act it is 180 days This value is the default percentage which will be considered by the system whenever it performs a duty debit under Rule 57 CC of the Central Excise Rules You should enter the CENVAT recovery percentage in this field For example currently the percentage of CENVAT recovered is 8 on all excise exempted transaction Thu
46. you update the Vendor Name you can select the Vendor Site in this field Excise Invoice No Required ENTER You have to enter the Excise Invoice Number Excise Invoice Date Required ENTER Date of the above Excise Invoice Number Claim CENVAT Required CHECK BOX You have to enable this check box to take CENVAT credit on a particular Receipts Unclaim CENVAT Required CHECK BOX You have to enable this check box to take unclaim CENVAT credit on a particular Receipts Check All Click this field to select all the Receipt Lines for processing Clear All Click this field to deselect all the Receipts Unclaim All Click this field to Unclaim all the Receipts and load Excise Amount to Item Cost Claim Click this button process the selected Receipt Lines A single concurrent would be fired to process all the selected Lines Unclaim Click this button process the selected Receipt Lines for Unclaim A single concurrent would be fired to process all the selected Lines You can select lines one at a time by Clicking on Unclaim CENVAT checkbox on the line Else you can check the Unclaim All checkbox on the header All selected lines are processed for Unclaim on clicking on the Unclaim button 1 Oracle Financials for India supports Receipts corrections with IN60106 Entries to adjust taxes would be automated on saving Receipt corrections Hence the Modify facility has been removed from Claim CENVAT on Receipts scre
47. ASN ASBN The India Local iSupplier 10 11 taxes displayed here are in View Only Mode if the ASBN is in a Pending Blank status Viewing Receipts and Returns iSupplier has following functionality in Receipts and Returns e View the Receiving and Returns information e View the Quality Inspection information Receipts and returns can be viewed from iSupplier You can view India taxes also while viewing the receipts India Localization tax amount and details will be displayed in the Receipt details page that opens on drilling down from the Receipt Number Navigate to isupplier gt Shipments gt Receipts On the Receipts Summary page if the Receipt has India taxes the Tax Total will appear in the Tax Amount column as a link against the Receipt Clicking on the Tax Amount Link takes to the detail page showing the taxes pertaining to the Receipt Alternatively you can also click on the Receipt Number on the Receipts Summary Page of the iSupplier portal of the Supplier View Click View India Tax to view the detail tax lines of the receipt In case of returns by the vendor to the supplier you can view the same information against the receipt for which the buyer has made the returns Note No India Localization tax information is provided on the Returns page as the same taxes on receipt are reversed during the return process Viewing Invoices and Payments You can view the invoices created by the Buyer in the iSupplier Portal a
48. B Assets Before you enter the Asset Additions you must e Define Books e Define Asset Category e Define Quick Codes for Block of Assets e Define Depreciation Period Details Navigate to Assets gt Asset Workbench gt Quick Additions New Additions gt Asset Category User will have to complete the asset addition in Base FA and come to the India Localization screen to assign the block of asset and date of acquisition The user has the flexibility to assign a block name to multiple assets at one go which will increase the usability significantly Also the date placed in service which is given at the time adding the asset will be defaulted as the Date of Acquisition This date can be changed by the user Field Name Type Action Description 6 8 Oracle Financials for India User Guide Block of Assets PICK HELP Users need to enter the relevant Block of Assets in which the asset will be classified as per Indian Income Tax Act Date of Acquisition User need to record the date on which the asset was acquired Income Tax Depreciation Calculations The calculation of written down value of the Block of asset is worked out based on the prescribed calculations that need to be carried out under Income Tax Act Opening Written down value of the block as at the beginning of the assessment year Terms Descriptions Add Additions during the assessment year Less Retirements of asset from each individual assets L
49. Capital Goods is availed you can claim India Local Purchasing 2 51 50 of Credit at the time of Receipt by specifying Yes in the Claim CENVAT on Receipts The balance Credit can be availed using Claim CENVAT on Receipt screen If a Receipt has multiple lines and share the same Excise Information then the use can fill these details at the Header level and click on populate defaults button to default the details to shipment lines You also have an option to change these details at line level If there are Multiple Excise Documents for a Single Receipt user can incorporate this information in the line level also The user need to enter the Line information for the shipment line and save the data as per the regular standard Applications functionality Through the Tax button the user can view the Tax lines for the Receipt which is as per the PO terms and the user is empowered to modify the tax lines at the times of Receipts Only the modified tax lines for which the tax Vendor is other than the PO Vendor in the Receipts will be considered for AP Invoices raised for receipts for the respective tax and Third Party Vendor Important The standard applications Receiving Transaction Processor needs to be completed before the localization screen reflects the taxes On Receipt all modifications are permitted to the tax lines provided the Receipt Modify Flag in Additional Organization Information screen is enabled The modifications in
50. Class entered in Regime Registration e Batch Source for Debit Memo and Credit Memo are required to enable system to generate Debit Credit memos for TCS Transactions Debit notes are generated whenever you save an Advance receipt while Credit note is generated when this advance receipt is applied to an Invoice transaction with TCS Localization inserts data in AR interface tables based on this setup User needs to run Autoinvoice import program to get the actual Debit Credit Memos for TCS in Receivables Assign Tax Types TCS Tax Types have to be assigned to the TCS regime All transactions with taxes of these Tax Types assigned would be considered for TCS Repository updates The following three Tax Types have been seeded and can be used for TCS Tax e Tax Collected at Source e TCS Cess e TCS Surcharge You cannot add additional Tax types for Tax definition and need to use only the seeded Tax types You can assign TCS Tax Types to TCS Regime Transactions for the Tax Types that are assigned to the regime will be considered for TCS related processing and settlement For each Tax Type the user can also specify GL Accounts You can change these accounts for each organization To assign TCS Tax Types access Regime Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations gt Tax Types Assigning Tax Accounts For each Tax Type you can specify GL Accounts and also have a s
51. Defining Item Information Setting Up Tax Information Managing India Local Inventory RG I Register Entry RG 23 Register Entry Apply Time Extension Master Organization RG Consolidation View Register Balance View Item Definition Outside Processing Transaction Processing Inter Organization Transfer Transactions Reports India Local Inventory 1 1 Miscellaneous Transactions Overview You can use the Miscellaneous Transactions to register effect of Inventory movements on Excise Registers You can record Inventory Issues and Receipts to and from production using Miscellaneous Issue Receipt RG Update and the respective Excise Inventory Registers are updated with these transactions Inventory amp WIP Transactions Overview Oracle Financials for India supports certain transactions to track movement of Excise Goods Whenever there is a Transaction using Excise goods is created from the following features supported by Base Application then Oracle Financials for India updates Excise Quantity Registers RG 1 in case of finished goods RG 23 A for raw materials and RG 23 C Part 1 for capital goods Following is a list of such transactions and their impact on Excise Registers Transaction RMIN CCIN FGIN CGIN OTIN Type Miscellaneous RG 23A Part 1 RG1 RG1 RG 23C Part 1 NA Receipt RG Update Miscellaneous RG 23A Part 1 First RG 23A RG1 RG 23C Part 1 NA Issue RG Update Part 1 then RG 1 Cycle Count RG 23A Part 1 RG 23A Part 1
52. Displayed Displayed Displayed Displayed This field becomes required when VAT Exemption Type is selected This field becomes required when VAT Exemption Type is selected The Total Order Amount including Order Line Amount and the Tax Amount for all the Items in an Order will be displayed here The Line Number appearing in the Standard Apps Sales Order Form will be displayed here The Shipment Line Number appearing in the Standard Apps Sales Order Form in will be displayed here The Item selected in the Standard Apps Sales Order Form for a line will be displayed here The UOM for the above Item appearing in the Standard Apps Sales Order Form in will be displayed here The Quantity entered in the Standard Apps Sales Order Form for a line in will be displayed here The Tax Category associated to the above item in the Item Category List will be displayed here India Local Order Management 4 33 Field Description Type Action Description Assessable Value Unit Price Extended Price Tax Amount Line Amount Excise Exempted VAT Exemption Flag Displayed Displayed Displayed Displayed Displayed CHECK BOX CHECK BOX The Assessable Price as defined in the system for this Item will be displayed here The Unit Price of the Item will be displayed here Extended Amount is the multiplication of Quantity and Unit price for a item appearing in a li
53. Documentation Structure This documentation may contain links to Web sites of other companies or organizations that Oracle does not own or control Oracle neither evaluates nor makes any representations regarding the accessibility of these Web sites India Local Inventory India Local Purchasing India Local Payables India Local Order Management India Local Receivables India Local Fixed Assets Trading Functionality India Local Projects India Local iProcurement 0 India Local iSupplier COAN OA RWHD Related Information Sources This document is included on the Oracle Applications Document Library which is supplied in the Release 12 DVD Pack You can download soft copy documentation as PDF files from the Oracle Technology Network at http otn oracle com documentation or you can purchase hard copy documentation from the Oracle Store at http oraclestore oracle com The Oracle E Business Suite Documentation Library Release 12 contains the latest information including any documents that have changed significantly between releases If substantial changes to this book are necessary a revised version will be made available on the online documentation CD on Oracle MetaLink If this guide refers you to other Oracle Applications documentation use only the Release 12 versions of those guides For a full list of documentation resources for Oracle Applications Release 12 see Oracle Applications Documentation Resources Release 12 OracleM
54. Dr Amount Cr Number India Cash Bank Book Report The user takes Cash Bank Book as per his requirement for a range of period Report Submission Use the Submit Requests India Local AP amp AR Module Only form and enter India Cash Bank Book Report in the Name field to submit the Report Report Parameters Bank Name Required PICK Bank Name for which the User wants to take the Bankbook for a given period Account Number Required PICK Account Number of the Above bank for which the User wants to take the Bank book for a given period Book Type Required Either B meant for Bank Book or C meant for Cash book can be selected by the User from the LOV This does not have an impact on the printout other than changing of the heading of the report Start Date Required End Date Required Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings GL Date GL Date for the transaction will be reported Voucher No amp Date Voucher Number and Date will be reported Check Number amp Date Check Number and Check Date will be reported India Local Receivables 5 97 Bill No amp date Supplier Bill No amp Date will be reported Vendor Name Customer Name In the Case of Payments the vendor Name will be reported In the Case of Receipts the Customer Name will be reported For charges in the Bank Book
55. Flag Required CHECK BOX For all Sub inventories in a Trading Organization Location this field shall be CHECKED by default Trading Item Set Up Items that are being used in a Trading Organization shall have specific Excise requirements In order to meet these requirements the Item shall be defined with the following flags in the India Items Classification screen Excise Flag YES Trading Functionality 7 5 Trading Flag YES The user can define templates which can contain the item attributes that are common across many items These templates can be attached to multiple items at one go This provides lot of flexibility to the user Optionally the user can also define item attributes separately for an item Shipment Register Set Up The Trading Shipping transactions shall be controlled with the following Register types The Shipping Order Types Invoice Sources shall be assigned to the following Register codes in the Trading Organization Location from which the shipment takes place e Trading Domestic with Excise e Trading Domestic without Excise e Trading Export with Excise e Trading Export without Excise The Register types will be used to control the instances of RG23D register updation Transactions Purchase Receipts Returns Purchase Receipts Returns in a Trading Organization can be done in the same way as it is done in a manufacturing organization If the Item is defined as Excisable and trading t
56. Header Block Field Description Type Action Description Customs Displayed The amount of Customs Duty in the Receipt Tax Line will be defaulted here CVD Displayed The amount of CVD in the Receipt Tax Line will be defaulted here Total Customs Duty Displayed Total of Customs Duty and CVD in the Receipt Tax line will be defaulted here 2 56 Oracle Financials for India User Guide Field Description Type Action Description Total Amount Displayed The Total Amount of Customs Applied Duty will be displayed after entering the line data In the Line Level Field Description Type Action Description BOE No Displayed Import Dept SI No Displayed Customs Authority Displayed BOE Amount Displayed Amount written off Displayed Amount already Displayed applied Amount to be applied Enterable All the BOE No s raised in AP but not yet applied will de displayed here Value entered in the corresponding field of the BOE Payment Screen would appear in this field You can view the Customs Authority Name in this field BOE Amount will de displayed here If part of the BOE Amount is already written off through the Written off functionality in Accounts Payable then the same amount will de displayed here If part of the BOE Amount has been applied then the same will appear here The user can enter the amount to be applied which can not exceed the Total Customs Amount The User nee
57. I register India Local Projects Billing This section provides an overview and details of each step involved in completion of setups required for India Localization support for Project Billing solution e Complete Oracle Projects Setup Oracle Projects Implementation Guide India Local Projects 8 9 e Tax Code Setup page 1 78 e Tax Category Setup page 1 89 e Tax Defaults and Preferences setup Setting Up Projects Billing Tax Defaults and Preferences This setup determines the tax defaulting hierarchy to be used for defaulting tax categories on Projects related invoices You can define tax defaulting hierarchy for each Distribution Rule used in Oracle Project Billing Within the Distribution Rule you can define tax defaulting hierarchy for Event Type Project Expenditure Type and Customer or Customer Site Tax defaults and preferences for Project Billing is setup in a new user interface called Tax Defaults To access it login with India Local Project Billing responsibility and navigate to India Local Tax Setup under Setup Field Description Description Preferences Tab Use this tab region to define the tax defaulting hierarchy preference for Distribution Rule and Context Name Distribution Rule This will display the distribution rules as per Project Billing Setup Context Name This will display the following context names Event Type Project Expenditure Type Customer Site Define the preference number for each of
58. If the Tax is charged per unit then the user needs to specify the Tax Rate Per Unit then the Tax will be Number of units times Rate per unit This field will be disabled whenever the Tax Type is Tax Deduction at Source Amount Per Unit based taxes can be used with items having UOM belonging to same base class of UOM as that of UOM in tax definition unless you have defined interclass conversion rate for that item In Precedence calculation this type of tax will not depend on any other tax however other taxes of rate basis can be dependent on result of this tax Example If a unit tax rate is defined as Rs 10 per KG you cannot use the same with item purchased in Meters unless the conversion rate between Kg and meter for that item Field Description Type Action Description Duty Drawback Optional Credit Percentage Adhoc Amount Optional This percentage is applicable for Taxes of Type Excise Basic Additional Special or Customs Duty or CVD This percentage will be used to calculate Duty drawback Adhoc basis of tax can be used to define tax amount which will be known only at transaction level i e Freight You can change these taxes at transaction level In Precedence calculation amount of such type of tax will not depend on any other tax whereas other taxes will be dependent on amount of this tax type When adhoc basis is enabled then other fields in the Rate Block will get disabled Fie
59. Informati n oea niaaa aaa a eiaa a E aE aR aA 1 78 Managing India Local Inventory ss neseeeenenesiietssrirtissintisrintissintinrireissrnntinrnntrsnrnnrrene nees 1 96 RG Register Entry n A a a E a a a 1 97 RG 23 Register Entry i aaa ere aa eae ae a ea a aeara 1 100 Apply Time Ext nsion i i enii e a a aaa aara aa eae ae iaa la a 1 104 Master Organization RG Consolidation 0 00 cece cece rere ere e nee eeee tee tneeeeeenaes 1 106 View Register Balance isi ciis ts0 bitin ein deh i eee ia eee 1 107 View Item Definition iii ses a ea a aa aa aa Eaa a aa EE aaa 1 107 Outside Processing Transaction siiin aaar akire ha rar eani ai 1 108 Processing Inter Organization Transfer Transactions 0 00ccccccseecesee cess eeeeeeseeeeeeenes 1 112 RE POrts sacs cedesee Rezedss steals oe Sates aa a He taaa s Eten ea deat tad tag singe at shaban e aa aane ea Taa bda taak 1 120 2 3 4 India Local Purchasing Defining Tax Overyie W s area eii aeoe anaE EE Eaa Ta AEE aA ania raia Ea Eai 2 1 Outside Processing Transactions s s ssesssiersiiestrsrististrnrtnsristrntrnrtnsrnntnnnrnntnsruntnnnrnnen neemt 2 6 Receiving Correction s n ns epa ana aeta E pna L EEL A aaa EETAS a 2 21 Mass Tax U pdatesicic irinen anie ar aaia aiaia aa aaa aaaea aa ea AAEE a EEEE AE 2 22 Transactions Handled iernii iio iaaiiai iaaea aada 2 23 Encumbrance Accounting age e cee i a E N E a E 2 25 Setting Up India Local Purchasing
60. Invoice Date Excise utilization details should be entered here Enter Excise Cess Amount in this column Enter CVD Cess Amount in this column 2 46 Oracle Financials for India User Guide Field Description Type Action Description Account You need to enter the Account Code to which the Excise Amount on Receipt transaction has to be credited This account would be debited with the Excise Amount on Issue transaction Remarks In the Remarks Block you can enter relevant remarks for PLA register for your reference and correspondence Receiving Corrections On correcting a base Receiving Transaction Oracle Financials for India creates accounting and Register Entries to adjust taxes assigned to the Receipt To correct a Receiving Transaction navigate to the Receiving Corrections screen and query for the Receipt The lines fetched will depend on the status of the Transaction In case you have received delivered and Returned to Vendor then you would have three lines here You will have to Correct the Deliver transaction before correcting the Receiving Transaction Similarly the Return to receiving has to be corrected before correcting Return to Vendor You have to select the line to be corrected and enter the correction quantity On saving this transaction system would create a record in the base Receiving Table On doing this India Receiving Transaction Processor for Corrections concurrent request would b
61. LOV for whom the Additional Information regarding tax is to be defined The Customer Number will default The Customer Site will be selected from LOV for which the information will relate The Customer Additional Information can be defined for no specific location also and this will be treated as location NULL Important Additional Customer Information can be recorded in the system only on saving the Customer Information in the Customer Master of the standard application Exempt CHECK BOX If the Customer is exempted from Excise then you need to enable this Check Box Excise Block Optional ENTER You can enter all these fields which are relevant to identify the Excise Duty information for a Customer for a Location Sales tax Block Optional ENTER Information regarding Sales Tax like CST No and LST No which are relevant to identify the Sales Tax information for a Customer for a Location VAT Block Reg No Optional EDIT Specify the VAT Registration Number applicable to the Customer Customer Site Assessable Value Optional PICK You can select from the list of Price Lists The price specified in the list here would replace the Line Amount while calculating VAT Taxes EDIT Service Tax block India Local Order Management 4 23 Field Description Type Action Description Service Tax Reg No Required PICK Customer Service Tax Registration Number will be captured in this field HELP EDIT Income Tax Block Op
62. Line Total Total of the Line Amount will be displayed in this field Ship To Location This field displays the Location to which the goods will be shipped Supplier Name Name of the Supplier will be displayed in this field Supplier site Supplier Site with which the transactions are to be made will be displayed Authorization Status This field displays the Authorization Status of the document Need by Date Need by Date for the item will be displayed in this field Buyer Name Name of the Buyer will be displayed in this field This section provides overview and detailed descriptions of these reports e India Purchase Register Report e India Receiving Accounts e India Purchases Report This report lists Purchases made Outside state unregistered dealer or within state Report can be submitted using Parameter Report For Based on the selection report is generated 1 e PLA Register Report e RG23A Part I Report e RG 23A Part II Report e RG 23C Part I Report e RG 23C Part II Report India Local Purchasing 2 75 e India CENVAT Monthly Return Inputs e India CENVAT Monthly Return Capital Goods e India CENVAT Monthly Return Abstract e OSP Pending Dispatch Report e OSP Pending Receipt Report e OSP Stock Register e Outside Processing Challan India Purchase Register Report This Reports provides details of all Purchase made for a Vendor or for all the Vendors for a given period This report is based
63. Number India Local Receivables 5 49 Field Description Type Action Description End No The User can specify the End Number for a_ specific Excise Invoice Serials which are to be generated from a particular Inventory Organization Location for a specific Order Invoice Type amp Register Code Important Before defining User Prefixes and Excise Invoice numbers appropriate setups need to be done in Define Bond register to associate an Order type for all Transactions from Order Management Module In addition Transaction source for all transactions from Accounts Receivable Module needs to be defined The Order Type and Transaction Source will be associated with different type of excise removals like domestic with excise Bond Export with excise etc Only after associating an Order Type Transaction source with an excise related transaction type user should define the user definable prefixes and Excise Invoice Numbers in this region It is not mandatory for the user to define Excise Invoice Generation Serial Number If the User does not define the Excise Invoice Generation Screen then auto generated system numbers will be allotted to the Excise Invoice as stipulated under Rule 52 A of the Central Excise Rules one sequence for domestic transactions and another for exports Customer Additional Information For detailed information refer to Customer Additional Information page 4 22 Setting Up Transaction Types To g
64. Organization Customer Optional PICK Enter the Customer Name Order Invoice optional Invoice Required Commercial Invoice the user wants to take Report Headings Report headings provide you with general information about the contents of the report and the user entered parameters Column Headings This reports provides following information Item Item Classification Quantity Total Amount Duty Amount Duty Per Unit 5 82 Oracle Financials for India User Guide ST Form Customer Report Use Sales Tax Forms due from the Customers to track Customers for whom you have given Sales tax discount and you have not yet received the ST Forms for an Order Invoice Report Submission Use the Submit Requests India Local Receivables Module form and enter India ST Forms Customer Report in the Name field to submit the report Report Parameters From Date Required Enter a date from which you wish to take the Sales Tax Forms Report The date is based on the transaction date of the Invoice To Date Required Enter an end date till which you wish to take the Sales Tax Forms Report The date is based on the transaction date of the Invoice Matching Info Required PICK This decides the type of report output Following are the options available M Matched Amount Partial amp Fully Matched When Matched Amount is not Zero P Partially Matched When Tax Target Amount is not equal Matched Amount F Fully Matched When
65. PICK Enter Rate of Tax HELP EDIT Tax Amount DISPLAY Calculated Amount based on Assessable Value and Rate of Tax Adjustment Account Required PICK Select Adjustment Account where the amount needs to be adjusted HELP EDIT Payment of VAT can also be captured through the Manual Entry Screen On saving the transaction system will generate a Transaction Number Value Added Tax Accounting This section provides an overview on the Tax Accounting process Following figure depicts the Accounting required for VAT Taxes Tax Accounting happens along with base transaction accounting This varies when the Tax is deferred and can be recovered or the liability arises only on happening of a particular Accounting event in the future For example VAT Recovery is on Receipt of Supplier VAT Invoice So is the Accounting In such cases the actual Recovery happens on claiming VAT through after Receiving Supplier Invoice and Liability accounting happens on generating the VAT Invoice for Customs Once the transaction has passed through the Recovery and Liability event the next phase would be settlement The total of recovered amount net of transferred amounts is what remains to set off against the Tax Liability under the Regime The Net Liability is settled by making a payment to the Tax Authority This process is applicable to all taxes in Procure to Pay P2P and Order to Cash O2C Cycles Accounting Entries Accounting for VAT Taxes would be
66. PICK Select Status from drop list The Options available are Applied Approved and Rejected Initially it will be applied It can be changed to Approved or Rejected India Local Inventory 1 105 Field Description Type Action Description Due Date Displayed Display only field giving the Due Date after applying the Time Extension Master Organization RG Consolidation If Multiple Organizations are defined within the same Excise Registered premises user can opt to identify One Organization amp Location Combination as Master Organization and all other Organizations needs to be treated as Child Organizations and should have the reference of the master Organization based on ECC code In such type of setup the Master Organization will be the Organization at which all excise registers should be generated The master child relationship among the Organization and location are used only to generate consolidated excise registers at Master Organization level You need to submit India Master Org RG request set in order to get Excise Registers consolidated at Master Organization Steps for running the Master Organization RG Consolidation e Ensure that proper setup is done to establish the relationship between the Master and Child Organizations Please note that the Master Organization flag should be ticked in the Organization Location record of the Master Organization e Organization Location defined as Master Organization
67. Receipt In this case each non recoverable tax line appears as individual lines on the Expenditure inquiry form Integrating with Purchasing When you enter project related transactions in Oracle Purchasing you only need to enter project information on the source document either the requisition or the purchase order When you create purchase orders from requisitions using Oracle Purchasing AutoCreate feature the project information from the requisition is copied to the 8 2 Oracle Financials for India User Guide purchase order India Localization taxes on the purchase document will be appropriately considered as Commitment Costs and Actual Costs in projects The process below describes how each purchase document is handled in integration with India Localization taxes 1 Enter Requisitions Enter project related purchase requisitions using the Requisitions window in Oracle Purchasing Enter default project information in the Requisitions Preferences window in the Project Information tab This default information will be used to populate requisition distribution lines you create during your current session The requisitions distribution line has a Project tab to enter project related information A requisition can have a combination of project related and non project related distribution lines India Localization taxes will default on the requisition based on its 3 Way tax defaulting mechanism Non recoverable taxes for project related
68. Remarks column is editable for all the transactions amp can be effectively used for recording any comment to be made against specific Transactions India Local Order Management Setup Registers Manual RG23D Register Entry The field wise description for the screen is given below Field Description Type Action Description Header Level Trading Functionality 7 13 Field Description Type Action Description Organization Location Transaction Type Item Line Level SL No Comm Invoice Number Date Bill of Entry Number Supplier Name Required Required Required Required Displayed Displayed Displayed Displayed Displayed 7 14 Oracle Financials for India User Guide PICK HELP PICK HELP PICK HELP PICK HELP The User needs to enter Trading inventory organization name from the LOV for which he wants view the RG23D entries The User needs to enter Location for the above Trading inventory organization from the LOV for which he wants view the RG23D entries The User needs to specify the transaction type like Receipts Return to Vendor Issue Return for which he wants view the RG23D entries The User needs to specify the Item for which he wants view the RG23D entries The following information will be displayed for a entered receipts for selected item in a Trading Organization Location System generated Serial Number will be di
69. Revised Price in Credit Memo rupees rupees Net sales 100x100 10000 00 9000 00 1000 00 Add Taxes Tax code Excise 10 1000 00 900 00 100 00 India Local Receivables 5 23 Parameter Original Price in Revised Price in Credit Memo rupees rupees Tax code Sales tax 550 00 495 00 55 00 5 Tax code Octroi 346 50 311 85 34 65 3 Total 11896 50 10706 85 1189 65 Credit Memo may be raised for Rs 1189 65 If the user decides to raise a Credit Memo then the following accounting entry will be passed in this case Dr Revenue a c 1000 00 Dr Excise Duty a c 100 00 Dr Sales Tax a c 55 00 Dr Octroi duty a c 34 65 Cr Receivable a c 1189 65 Case III Change in Tax Rate but no Change in Price Invoice with original price for 100 Quantity of Prod A raised on March 20 1999 with Original Tax Rate and revised Tax Rate has been put into use w e f from March 15th 1999 and the user need to raise a Supplementary Invoice Parameter With Original Tax Revised Tax Rate Supplementary Rate Invoice Net sales 100x100 10000 00 10000 00 0 00 Add Taxes Tax code Excise 10 1000 00 12 1200 00 200 00 Tax code Sales tax 550 00 3 336 00 214 00 5 5 24 Oracle Financials for India User Guide Parameter With Original Tax Revised Tax Rate Supplementary Rate Invoice Tax code Octroi 346 50 5 576 80 230 30 3 Total 11896 50 12112 80 216 30 Supplementary Invoice may be rai
70. Sales Order form However you can change the defaulted Service Type before closing or shipment of the order Tax Amount Line Amount and Assessable Value will be defaulted and are also displayed but you can modify that in the India Local Tax Details form through Taxes You need to use the same screen for creating Sales Orders and RMA Orders If the Customer has a Letter of Credit and shipment against such Order is to be matched India Local Order Management 4 29 against a Letter of Credit then the Order must be marked as LC enabled by ticking on the LC Flag Creating Sales Order and RMA Orders In Oracle Financials for India navigate to the India Local Sales Order window from India Local Order Management gt Orders Returns gt Orders returns Localized Field Description Type Action Description Header level Customer Name Number Order Type Order Number Order Date Ship To Location Order Line total Tax total Displayed Displayed Displayed Displayed Displayed Displayed Displayed The Customer Name and the Number will be displayed here from Standard Apps Sales Order Form The Order Type selected in the Standard Apps Sales Order Form will be displayed here The Order Number allotted in the Standard Apps Sales Order Form will be displayed here The Order Date of the Standard Apps Sales Order Form will be displayed here Ship To Location Id of the Cust
71. Select the Transaction for which you want to generate the report type or to display all Transaction Type details From Date Optional Date to print all the transaction details starting with the entered Date To date Optional End Date to restrict the transactions till this Date Report Headings Report Headings provide you with general information about the contents of the report Oracle lists Organization information based on User parameter input Column Headings Organization Code Code of the Organization will be reported Receipt Number Receipt Numbers will be reported Line Number 2 78 Oracle Financials for India User Guide Line Numbers of each transaction will be reported Item Description Item details on which transactions has done will be reported Transaction type A specific Transaction Type for which the report is printed UOM Unit of Measure used in transaction will be reported Quantity Quantity received in each transaction will be reported Account Type Account Type used in each transaction will be reported Account Mode Account Mode used in each transaction will be reported Account General Ledger Account to track the accounting entries for a specific Account Amount Dr Column representing amount Debited Amount Cr Column representing amount Credited Currency Code Dr Currency used in transaction will be reported Currency Conversion Rate Currency Conversion Rate used in the transaction wil
72. Service Tax Transactions Manual Entry Field Description Type Header Section Regimes Required Organization Type Required Organization Name Required Transaction Number Location Name Transaction Type Required Transaction Date Required Action PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT DISPLAY PICK HELP EDIT PICK HELP EDIT Description All the Transaction details are captured in the Header Section Select VAT Regime Select Inventory Organization for VAT Select Organization from LOV LOV contains all Organizations where Oracle Financials for India is installed An Auto generated Number for each manual transaction successfully performed Organization Location is displayed here Select Transaction type LOV contains 1 Recovery 2 Adjustment Recovery 3 Liability 4 Adjustment Liability 5 Payment Select Transaction Date Transaction Date has to be more than the last Settlement Date and less than the Current System Date 1 42 Oracle Financials for India User Guide Field Description Type Action Description Party Type Required PICK Select Party Type LOV contains HELP 1 Vendor EDIT 2 Customer 3 Tax Authority You should select Vendor based on the Transaction Type For e g if the Transaction Type is Recovery you will fill in Vendor details in the Party Details section and similarly if the Transaction Type is liability you w
73. Style Optional PICK Following options are available Show Both Detail and Summary Show only Detail and Show only Summary Report Headings Report headings provide you with general information about the contents of the report Oracle lists Organization information based on User parameter input Column Headings Sales Invoice No amp Date Invoice Number and Date of Sales Sales Tax Registration No of Customer Central Sales Tax Registration No of Customer as entered in Customer Entry Form Name of Customer Name of the Customer to whom the sale was made Gross Amount Gross Amount as entered in Invoice Line Amount Line Amount for a line for which LST or CST exists Sales Tax Rate Sales tax rate for the particular Invoice Line Sales tax Amount Total sales tax amount for the ST rate for the particular Invoice Line Certificate Type amp Number ST Form Type amp Number if any for the particular Invoice Line Report Totals Invoice Total amp Sales Tax total for the chosen period Report Summary This section of the report lists the summary Tax summary of Rate wise total for Sales Taxes for Total Sales Total for lt Tax type gt rate Total for the Sales Tax Rate for the chosen period 5 86 Oracle Financials for India User Guide Tax Total Total Tax for the chosen period Report Order Report is printed in the order of Invoice Date and Tax Type for the selected Organization Important I
74. Tax Category has to be defined with the New Tax Code For all the Item Supplier combinations where the new rate is applicable the Tax Categories in the Item Category list would be changed appropriately e Change in Classification Identify Items with changes in classification Identify applicable New Tax Category Replace Assign the new Tax Category to Items on the Item Category list India Mass Tax Recalculation After completing the above setup changes submit the Mass Tax Changes Concurrent request To submit the request navigate toIndia Local Purchasing gt Submit Requests gt 2 48 Oracle Financials for India User Guide Mass Tax Updates Choose the Document Type mandatory From Date To Date Mandatory and any other parameter fields optionally On successful completion of the Request the Taxes on the Open transactions in the chosen Document Type would be recalculated where applicable The Taxes on the Tax Details window will be updated with the Taxes from the revised Tax Categories The Tax Amount and the Total Amount on the Document header and lines would be recalculated to reflect the latest Tax Amounts All Tax lines manually added before the update will be retained if these lines do not have precedence on any other lines except the Base Item Line and neither does any other Tax line have precedence over these lines All documents with manual tax lines having precedence on other lines will not be processed and au
75. Tax Regime you need to specify value for 1 Same Invoice No for Excise and VAT Regimes attribute A Yes in this field indicates that the Excise Invoice Number wherever available would be considered as VAT Invoice Number If the value is set to No setup made in the VAT Document sequence setup would be considered for VAT Invoice Number generation India Local Inventory 1 27 The Service Tax distribution transaction only hits the PLA registers by default If you want the service tax distribution to hit the RG register you must perform the following setup 1 Navigate to Registration Tab and Click Add Row 2 Select Others for Sequence and Registration Type 3 Enter Service Tax Distribution in RG PLA as the Registration Name 4 Enter RG or PLA as the Registration Value Note You must perform the above setup if you want the service tax distribution to hit the RG register Regime Registrations Tax Type This section of the screen shows the Tax Types associated to the regime and the 4 accounts related to this Regime Field Description Type Action Description Regime Registration Details block Tax Types Tab In this section of the screen Tax Types and the Accounting Information related to this Regime are setup Sequence Required PICK This is the Sequence Number of the Tax Types to be captured HELP EDIT 1 28 Oracle Financials for India User Guide Field Description Type Action Desc
76. The above provisions of Excise pertaining to debiting 10 of the material cost as duty and reversing the same once the OSP material is received back in total held goods only upto 31 March 2000 W E F 01 April 2000 there is no need to keep a manual track on overdue issues i e those pending for more than 180 days The duty on such issues has to be calculated manually and debited to the duty paying register through RG 23 Manual Entry Screen Basic Business Needs The India Local OPM outside functionality satisfies the following requirements of Tracking Goods sent for Outside Processing e Track Issue of Process Material e Track Receipt of Process Material e Select Payment Register at the time of Issue and Receipt Major Features Maintenance of details of 57F 4 User is provided with facility to maintain the details of 57F 4 and select Payment Registers at the time of Issue and Receipt of Process Material Prerequisites e A Production batch should be created giving all the issue and receivable items and WIP warehouse should be defined as on OSP warehouse in the Warehouse Attributes Form e A Purchase Order for conversion charges should be attached to the above production batch in the Purchasing Module e The credit entries can be passed only after receiving the last consignment of material even if the material is received in batches staggered delivery In India Local OPM this can happen only when the OSP batch is closed Outsi
77. The user can identify the amount of Tax benefits or concession for all the transaction done through Concessional Tax Rate This field will be enabled only when the Sales Tax Form Name or TDS Certificate name is specified otherwise the user cannot enter any rate in this field Important In case of Excise and Add Customs CVD type of taxes where you can take CENVAT Credit under Rule 57 of the Central Excise Rules you must specify the CENVAT Credit percentage permitted on that tax As per the Rules total credit on the duty paid by the supplier can be claimed Hence for all Excise Type of Taxes you must record 100 in this field In case of Tax Types other than Excise and Add Customs you can specify the percentage of tax that can be recovered The non recoverable portion will be accounted in the tax account defined Field Description Type Action Description Rounding Factor Optional Rounding factor differs for different Tax Codes The user can specify the required rounding factor for a particular Tax based on the legal requirement If this field is left blank then the calculated Tax figure will be rounded to the nearest Rupee India Local Inventory 1 87 Field Description Type Action Description Update Vendor Optional CHECK BOX This flag is providing flexibility to the user to change the Vendor Name at the transaction tax lines while entering a transaction But this Flag cannot be checked fo
78. This Report gives you the detailed data for submission of ER1 report Report Submission Use the Other Reports form India AR module and enter India ER1 Report in the Name field to submit the Report Report Parameters Organization Optional PICK The Inventory Organization for which the report is being generated Location Optional PICK The Inventory Organization for which the report is being generated This needs to be left blank if all locations are to be printed This gets enabled only if the Inventory Organization is selected Start Date and End Date Required Start Date and End Date for which the report is being run Service Tax Registration Number Optional PICK The Service Tax Registration Number for which the report is being generated Operating unit Optional PICK The Operating Unit for which the report is being generated This gets enabled only if the Service Tax Registration Number is selected Name of the Assessee Optional The Name of the Organization which needs to be printed on the report This is the actual name to be printed and would not be picked from Organization setups Group Quantitative Data Required PICK 5 100 Oracle Financials for India User Guide The Report can be either printed for the Inventory Items or for Item Tariff The values to be selected are T for Item or T for Tariff Please see the note below for report behavior on selection of this value Important Report Behavior for Gro
79. This date should pertain to the same quarter as entered in earlier parameter The end date till which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter 5 112 Oracle Financials for India User Guide 6 India Local Fixed Assets This chapter covers the following topics Fixed Asset Depreciation Calculation Setting up India Local Fixed Assets Transactions Reports Fixed Asset Depreciation Calculation Businesses in India under the Income Tax Act have to compute depreciation using the Written Down Value method The depreciation percentage has to be applied on the Block of Assets and no depreciation can be claimed on individual assets Using India Localization you can Create Block of assets as required under the Income tax Act Record the block value of each Block of assets Define the depreciation percentage for each asset blocks Assign a block of asset to each asset addition Identify the block of assets for each asset which are being retired during the year Perform adjustments in the opening written down value of any block and adjustments in the depreciation worked out in any year Note It may be noted that localization provides only the reports showing the workings of depreciation based on block of assets No accounting entries will be passed on the figures derived through India Local Fixed Assets 6 1 localization will not be considered for
80. Units parameter If the Concurrent is being run scheduled for all Operating Units the Parameter for Process for All Organizations has to be set as No else it will result in datainconsistency This Request will not process Records that are revenue recognized GL Posted and hence it is imperative that this Request be run prior to revenue recognition amp GL Posting Any errors should be cleared prior to GL Posting Setting Incompatibilities e This program should be set incompatible to e Auto Invoice Import e Itself India Importing Excise Invoice Numbers to AR From ONT Patchset H when interface trip stop happens first Order Management Interface occurs and then the Inventory Interface occurs This is reverse to what was happening prior to ONT patchset H Due to this reason when shipment is done interface trip stop gets executed and in case the inventory interface goes into warning due to reasons unknown the delivery id of the shipment does not feature in the excise Invoice generation programs parameter As the Order Management interface is completed this order is interfaced to AR and an AR Invoice is created 5 52 Oracle Financials for India User Guide When Excise Invoice number generation happens after the AR Invoice is created localization AR tables do not have Excise Invoice number imported from Localization Shipping Tables In short Excise Invoice Number present in shipment localized screen is not impor
81. University See Related Information Sources on page x for more Oracle Applications product information TTY Access to Oracle Support Services Oracle provides dedicated Text Telephone TTY access to Oracle Support Services within the United States of America 24 hours a day seven days a week For TTY support call 800 446 2398 Documentation Accessibility Our goal is to make Oracle products services and supporting documentation accessible with good usability to the disabled community To that end our documentation includes features that make information available to users of assistive technology This documentation is available in HTML format and contains markup to facilitate access by the disabled community Accessibility standards will continue to evolve over time and Oracle is actively engaged with other market leading technology vendors to address technical obstacles so that our documentation can be accessible to all of our customers For more information visit the Oracle Accessibility Program Web site at http www oracle com accessibility Accessibility of Code Examples in Documentation Screen readers may not always correctly read the code examples in this document The conventions for writing code require that closing braces should appear on an otherwise empty line however some screen readers may not always read a line of text that consists solely of a bracket or brace Accessibility of Links to External Web Sites in
82. YYYY format Transaction Required Should be a valid date in Date DD MON YYYY format Match All Default Value N Requires a valid value for Fin Year Queried Form Amount Display only Form Number Form Amount Form Date and Transaction Date when checked Matches all the Invoice level records based on the form amount value When unchecked sets all detail level Invoice form amount to 0 Displays Total Form Amount that can be matched across all unmatched Invoices India Local Receivables 5 77 Field Description Type Action Description Sales Tax Form Detail Block Matching Detail Receipt Side Order Invoice Invoice Number Source Type Order Number Tax Target Amt Matched Amount Form Amount Total Form Amount Display only Display only Display only Display only Display only Display only Display only Indicates whether the record is an Order or an Invoice Values are ORDER INVOICE This is the Invoice Number This field displays the Transaction Type related to the record This field displays the Order Number This would not be displayed for Manual AR Invoices This field displays the Taxable Basis for used for calculating Sales Tax This field displays the Matched Amount based on the previous matches Form Amount for each record cannot be greater than Matched Amount reduced from Tax Target amount for that record In c
83. amount Excise Duty per Unit will be reported Total Amount of duty 7 16 Oracle Financials for India User Guide Total amount of Excise duty on receipt will be reported In the Issue side Name and Address of the Customer Consignee Name and address of the Customer if he is a consignee will be reported here and his Excise Registration details will also be reported Name and Address of the Customer Name and address of the Customer Other than consignee will be reported here and his Excise Registration details will also be reported Quantity Issue Quantity will be reported Amount of duty per amount Excise Duty per Unit will be reported Total Amount of duty Total amount of Excise duty on receipt will be reported Balance Quantity Balance Quantity for an Item at the end of the report date will be displayed Quantity Remaining Matched Against a Receipt entry the values of quantity available for matching against the particular receipt and quantity already matched shall be shown in this column Trading Functionality 7 17 8 India Local Projects Projects Costing Solution Flow Oracle Project Costing records and reports cost against a Project and integrates with other Oracle Applications including Oracle Purchasing Oracle Payables Oracle Inventory Oracle Assets and Oracle General Ledger to account for costs Costs reflected for a project may flow from different modules like Oracle Purchasing and Oracle Payables T
84. and Freight Defaultation is running System will show the following message In the above case you need to allow the concurrent to complete requery the Invoice and then complete On similar lines it is required that the Localization taxes get processed prior to GL Posting Hence if you try to Post a record to GL when the Taxes for the same are not yet processed GL Posting will result in the following error AR ARGLTP 20131 ORA 20131 India Taxes found in ja_in_temp_lines_insert table This is as per intended behavior of the product to stop you from GL Posting AR Transactions where India Localization Tax processing is pending The above error is applicable for both Manually entered transactions as well as Imported transactions from Order Management You can find details of such transaction by running the following query for the month where you are trying to GL Post Select from ja_in_temp_lines_insert Reprocessing Errored OM Tax Records The concurrent India Local Concurrent for processing Tax Lines to AR for processing of Tax Lines for Invoices created through Order Management runs in batch mode Whenever some of the Tax Lines remain unprocessed due to some error the error message is captured by localization This feature provides with an option to view these error records and corresponding messages and mark them eligible for Reprocess You would also have an option to delete these records To view the error records
85. any accounting entries automatically The Tax Handling functionality provides you with the information requirements under Income Tax Act You can e Define multiple blocks of assets and associate individual assets to each block of assets e Define depreciation periods These periods would be in sync with the financial year defined under the Income Tax Act e Specify multiple period rates for each depreciation period You can define multiple periods and applicable rate percentage for each period The depreciation amount would be proportionate to the rate percentage specified for each period e Specify date of commissioning and enable calculation of depreciation based on the date of commissioning e Define the opening written down balances along with depreciation rates at the beginning of the year during which you would be rolling out Oracle Assets with India Localization This information would be used for the computation of depreciation for the year e Adjust opening written down value and depreciation amounts e Calculate depreciation in accordance with Income Tax Act e Generate depreciation schedule Major Features Definition of Block of Assets User will be able to define block of assets by having the asset categories defined with highest level of details as required for Income Tax Opening Balance of Block of Assets User is provided with a facility to enter Opening balances for block of assets one time facility User is
86. as follows India Local Order Management gt Customers gt AR3 A form Receipts Tracking Field Description Type Action Description Customer Block Details regarding the Customer will be displayed Customer Name Displayed Customer Name will be displayed Customer Number Displayed Customer Number of the above Customer will be displayed Customer Site Displayed Customer Site Ship to will be displayed Transaction Block Displayed Details regarding the transaction will be displayed Type Type of transaction either Order or Invoice will be displayed Source Displayed Source for the above type of transaction will be displayed Number Displayed Number of the transaction will be displayed Form Block Details regarding CT2 CT3 and Excise Exemption Certificate will be displayed Form Displayed Form Type like CT2 CT3 and Excise Exemption will be displayed Number Displayed Number of CT2 CT3 and Excise Exemption Certificate will be displayed 4 54 Oracle Financials for India User Guide Reports Field Description Type Action Description Date Displayed Date of the CT2 CT3 and Excise Exemption Certificate will be displayed AR3A details block Details of AR3A Forms for a transaction will be displayed here and once the AR3A forms is received back from a Customer the same can be entered in this block in received date column Delivery Number Displayed Delivery Number will be displayed Deli
87. be entered only upto sysdate 1 i e yesterday s date A settlement cannot be carried out on current date as there can be some transactions carried out in current date after settlement which will then remain pending in the system The Process button will be active only when the Net Balance Amount Payable amount is shown Negative If the Credits are more than the Debits and there is no payment due then you cannot process a settlement In such cases the Process button will appear disabled Note When the TCS Settlement process is carried on the TCS repository feeding any new data to the repository will result in data inconsistency TCS Settlement carried out once cannot be reversed Clicking Process will invoke a concurrent of Localization Payables Open Interface Import Payables Open Interface Import which will create an AP Invoice on the TCS authority selected Validate and Pay AP Invoice Login with Payables responsibility and validate and pay the AP invoice in Oracle Payables Updating Payment Additional Information To update payment additional information navigate to India Local Receivables gt India TCS VAT Service Tax gt Period End gt Additional Payment Information Note Clicking New will let you enter details for new Payment to be made Find let s you search for existing payment details India Local Receivables 5 9 Field Description Type Action Description Header information Tax Authority Type
88. be viewed in the RFQ Details page in the iSupplier portal Navigate to isupplier gt Orders gt RFQ gt Go Clicking View India Taxes displays India Localization Taxes for each RFQ Blanket Purchase Agreements In the iSupplier Portal you can view blanket Purchase Agreements BPA created by the Buyer In the iSupplier Portal you can also make requests for change of the Rate Quantity Change the Delivery Schedule and Accept the BPA After making such a request document will be shown in Pending Status till the changes are accepted or rejected by the Buyer India Localization taxes associated with the Purchase Agreement Releases are displayed along with base document details on the iSupplier pages e Inthe Supplier Agreements Summary page India Localization tax amounts released are displayed along with the base amounts released e InBlanket Agreement Details page that opens on drilling down from an Agreement number India Localization taxes without amounts are displayed for the Price Breaks defined for the Blanket Agreement e Inthe Blanket Agreement Details page that opens on drilling down from an agreement India Localization Tax Amounts are displayed along with the base amounts for each Blanket Release or related Standard Purchase Order in case of a Global Blanket Agreement e Tax details are displayed in a view only mode for each blanket release line in the 10 8 Oracle Financials for India User Guide Blanket Release detai
89. create anew Template Assignment for Items not already assigned You can find template assignment for a combination of Regime Organization Template Regime field is mandatory above On defining a template you should press the Find button You have to query find an existing template and assign items to that On clicking the Find button the Template Assignment form will be opened for existing items assignments The field wise description for the Template Assignment is given below Field Description Type Action Description Header Section Regime DISPLAY The regime will be displayed here Template Name DISPLAY The template name wil be displayed here Master Organization This field will display the Master Organization when you query a template assignment You can enter the Master Organization when you are creating a new template assignment 1 76 Oracle Financials for India User Guide Field Description Type Action Description Organizations Section Code Name Template LOV Item Registration Section Items Like Find Item BUTTON Clear BUTTON Item Name Description Assign Template PICK DISPLAY PICK DISPLAY PICK DISPLAY DISPLAY CHECK BOX This field will display the Inventory Organization when you query a template assignment You can enter the Inventory Origination when you are creating a new template assignment The Organization code is displayed here
90. defined only for the Legal Entity then Invoices generated for all Supplier Sites defined under different Organizations would be totaled for the considered for the calculation of Threshold limits If TAN No is defined for an Operating Unit then the only the Invoices defined for this Organization would be considered for the calculation of the Threshold Limits Unless the TAN No for two Operating Units is the same For Operating Units with no TAN No the TAN No of the Legal Entity would be considered and the Invoices of all such Operating Units would be added to considered for the calculation of Threshold Limits e TAN No once saved should not be updated Prerequisites Before you enter the Additional Organization Units Details you must e Define Organizations e Define Locations See also Define Organizations Oracle Payables User Guide Defining Income Tax Authority You need to define a Supplier and classify the same as Income Tax Authority While defining a Tax Deduction at Source Type of Tax only such Supplier would be listed in the Vendor LOV of the Tax Definition window Such Vendor would be used by the system while auto generating the Invoices for Income Tax Authority India Local Payables 3 7 Prerequisites Before you create the Income Tax Authority you need to e Define Organizations e Define Locations e Define Payable Options e Define Financial Options Creating Income Authority To create Income Tax Authority
91. detailed descriptions of these reports e Commercial Invoice e ST Form Customer Report e Total Sales Report e India Debtors Ledger Report e Debtors Trial Balance Report e Supplementary Transaction Details Report AR e Supplementary Invoice Consolidation Report AR e Status of AR3 A form Report e Duty Draw Back Report e India Cash Bank Book Report e India Service Tax Pending Liability Report e India Service Tax Pending Recovery Report e India Service Tax ST3 Report e India ER1 Report e India TCS Certificate e India TCS Form 27B e India TCS Quarterly Report India Local Receivables 5 81 e India TCS Annual Report Commercial Invoice This Report gives you the Commercial Invoice s generated PCDATA cannot be inserted This report was for ISSUE OF INVOICE UNDER CENTRAL EXCISE RULE 57G OR 57T This section is no longer Valid however the report is not dropped so that the fields appearing in the report can be used as an example base for Client required output to generate and print Invoices This is applicable for Trading Invoice only and not for Invoice under Manufacturing Organization Report Submission Use the Other Reports in India Local Receivables form and enter India Commercial Invoice Report in the Name field to submit the report Report Parameters Organization Optional PICK Enter the Organization from which delivery of goods is made Location optional PICK Enter the Location of the
92. distribution lines will be included in the commitment amount for the Project Using AutoCreate When you automatically create purchase orders from project related requisitions in the AutoCreate Documents window Oracle Purchasing copies the project information and accounting information from the requisition to the purchase order You do not need to enter any additional project related information on your purchase order when you use this feature For further information see AutoCreate Documents Overview Oracle Purchasing User s Guide You can change the project information on the purchase order that was copied from the requisition the project information on the requisition is not updated India Localization taxes will be copied from the requisition to the Purchase Order or taxes are redefaulted in the Purchase Order Non recoverable taxes for project related distribution lines would be included in the commitment amount for the Project If the project information is changed from Requisition to Purchase Order India Localization non recoverable taxes will be included in the respective project as Commitment cost Enter Purchase Orders If your company does not use online requisitions or the AutoCreate feature enter project related information directly on your standard purchase orders using the Purchase Orders screen in Oracle Purchasing When you use this window you specify project related information in the Project tabbed region of the di
93. done in two phases The first would be on the Purchasing and the second would be on Sale event On initial Purchase and Sale event the VAT Tax would be Debited Credited to an Interim Account This Debit Credit to Interim Account would be reversed on to Recovery Liability accounts on Recovery Liability event India Local Inventory 1 45 VAT Repository All transactions that lead to VAT Recovery or Liability or adjustment to the same would update the VAT Repository You can use this repository for meeting the reporting requirements specific to the state Following events update the VAT Repository 1 Claim VAT 2 Process VAT Installments 3 Return to Vendor after VAT Claim 4 VAT Invoice Generation based on e Shipment e AR Transaction Completion 5 Manual Entry following transaction types e Recovery e Recovery Adjustments e Liability e Liability Adjustment 6 Settlement Defining TCS Regime Regime is used define rules applicable to all taxes assigned to it You need to complete this setup step before you move ahead with other setups Setups made for a regime are applicable to all transactions created for the organizations assigned to it Information defined here is generic unless you assign different properties at the organization level To create a TCS Regime access Regime Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations 1 46 Oracle Financials for
94. e Purchase Order lines with non recoverable taxes Approved before IL encumbrance solution application and Receipt created after IL solution application 2 28 Oracle Financials for India User Guide Documents reserved or approved before IL encumbrance solution application will not have India Local tax amounts in the Encumbrance accounting entries Hence post migration to the new solution it will be ensured that the Encumbrance reversal entries generated for the migrated documents do not include the tax amounts so that there is no discrepancy in the resulting encumbrance accounting Setting Up India Local Purchasing This section describes the setup procedures for India Localization Purchasing You should have completed the Organization Inventory and Tax Setups before you start setting up Oracle Financials for India Purchasing To set up India Local Purchasing you must 1 Define Supplier Additional Information page 2 29 2 Set up Profile Options page 2 34 3 Run India Receiving Transaction Processor 4 Run India RG Period Balances Calculation 5 Round off Excise Amount 6 Run India RG Rounding Process Defining Supplier Additional Information You need to setup Supplier Additional Information before you start using Oracle Financials for India for Purchase Module This lets you record the Tax Registration Information Item Category List and Assessable Price List This information setup for the Supplier and Supplier Sites will be th
95. e aa r Ae SEa G E castvavanashanvadeaiissaiaasitasdvdeauibeaiuennaey 6 8 REepOttSi se aaaea a aiaa aaae aaah a tag a aa aaa ia E aaa aa te sugiledecteaaeihh ARAE aaas 6 10 7 Trading Functionality Trading Functionality OvervieW ss sssssiseissiisiissirtissinntisrintisrinnrinintrsnrnntinintrsntnnrrerener ent 7 1 Match Receipts Localized OvervieW snseissiseissiiseissinriserintisrinrtnnrintnnsentrreinennrnntenreneen ne 7 2 Transaction Saine e a T E vie a a e a e a E EN oeaeeeat 7 6 RE POrts sess aise reat ea eaa Rt dacs ae Nias EREA EEEn tees ght a ATL a TE 7 15 8 India Local Projects Projects Costing iire eh ae ee a aa ha a 8 1 Solution Flow snena ci Ad ui AG kav diab chen A aaa iE 8 1 Integrating with Purchasing sipeer hice beled pe ite eee ehh eo eae adda vdeo 8 2 Integrating with Payables ctc 1c eit cya blast elated eee bite er eee ee 8 5 Integrating with Inventory sits 20 0 nics dese ccnehlds chet ase tree chet a Ate pate e a a 8 9 9 10 vi India Local Projects Bilihin ratsia e eiaa 8 9 India Local iProcurement India Local iProcurement Overview 00 cccccccc ee cee eeeee cree ceneecee cesses sseeeneeesesnnneennesiaee 9 1 Setting up India Local iProcurement 0 ccec ec ee eee ener ee reer te eneeseeeseeseeeteneees 9 3 Processing iProcurement Transactions 0 00cccccee eee cee eeeee eens eens eteeseeeeneetsesseeesaeeaee 9 6 Req UISUG ONS sii oisinnean eniai iae eaaa a
96. eligible for recovery as on the scheduled date Displays the Claim Status of the line If the installment is claimed then the Status would be Claimed If the installment is not yet claimed the Status would be set to Not Claimed Claim VAT After Creating Receipt If the VAT Invoice details are not entered while creating the Receipt the option is to enter these details by accessing the Claim VAT screen through the Menu Option The Options available would be the same as those when the form is Opened through the Receipts localized screen However here the user has an option to query for Multiple Receipts based on the options in the query find screen Field Description Description Regime Organization Location Receipt Type Party The value in this field would be Value Added Tax Displays the current Organization from the profile Select the Location from the LOV Select from the following Values PO Purchase Receipt RMA Customer Receipt ISO Internal Receipt Select a Supplier Name here 1 40 Oracle Financials for India User Guide Field Description Description Receipt From Date Specify a date here This would restrict the Receipts to those created after this Date Receipt to Date Specify a Date here This would restrict the Receipts to those created before this Date Claim Status Select a Claim Status from the LOV Following are the details of each claim status 1 Not Claimed This im
97. for India navigate to India Local Inventory gt Organization Additional Information 1 Query for the Organization Location you wish to set up India Local Inventory 1 19 2 Click Tax Calendar gt Excise Generation 3 Create a new record for the Excise Invoice serial number to be generated for the Organization Location and Transaction Type and Order Invoice Type combination 4 This Excise Invoice Serial will be generated when Shipment amp RTV is made from a Particular Inventory Organization Location The table below details the setup options 1 20 Oracle Financials for India User Guide Field Description Type Action Description Transaction Type Required PICK HELP Choose one of the options from Order On selecting this option in combination with the Order Type the Excise Invoice Number generated on shipping the delivery created with this Order Type would be based on the definition specified for this record Return To Vendor The document sequence defined here would be applicable to Excise Invoice Numbers generated for a Return to Vendor Transaction Domestic The Document Sequence defined here would be applicable to Excise Invoice Numbers generated for a Domestic Transaction This would be applicable to all the Order Invoice Types that are Define Bond Register Chosen for the Organization Location with the Register Type as Domestic with Excise AND This Order Type
98. form based functionality need to be used for all reporting purposes India Local iProcurement 9 11 10 India Local iSupplier This chapter covers the following topics e iSupplier Overview e Setting Up iSupplier e Processing iSupplier Transactions e Buyer Actions iSupplier Overview Oracle iSupplier Supplier View enables Suppliers to have real time access to information such as purchase orders and delivery schedules and respond to the buying company with order acknowledgments change requests shipment notices invoices and planning details The major functions supported in this process are e Reviewing Supplier Agreements and Releases Request for Quotations RFQ e Viewing Printing and Acknowledging Purchase Orders Submitting Change Order Requests e Viewing Shipments Entering Advance Shipment Notice ASN Advance Shipment and Billing Notice ASBN e Viewing Receipts and Returns e Viewing and initiating Invoices e Supplier Profile Management e Reviewing Planning and Inventory Information India Local iSupplier 10 1 Major Features Ability for review of Purchase Agreements and Releases RFQs Oracle iSupplier provides facility to review the existing Purchase Agreements and corresponding releases It also provides the facility to review any Request for Quotations from the buying company India Localization taxes associated with the Purchase Agreement Releases RFQs etc are displayed along with base docume
99. from ASBN No modification is allowed to ASBN taxes at the receipt level If ASBN has a Third party tax it shall be modifiable to the extent of Vendor and Vendor Site fields in the Receipt form However new Third party taxes can be added while creating a Receipt from an ASBN Invoices Invoices initiated from the iSupplier are interfaced to Payables through the Payables Open Interface Import process India Localization taxes get defaulted from the Purchase Order for such invoices imported from iSupplier India Localization taxes are included in the Invoices Payment amounts displayed in the Invoice Payment Summary pages In the form based India Localization functionality invoice level tax defaults from PO to PO Matched Invoices from Receipt to Receipt Matched Invoice and from ASBN for invoices created from ASBN Setting Up iSupplier Define Organization Additional Information Identify and Define Inventory Organizations and Locations that would be reporting to the Tax Authorities The information defined at this level would be the basis for Recording Reporting and Accounting of the local taxes Apart from this you would also 10 4 Oracle Financials for India User Guide define the Organization Registration details with Excise Customs Sales Tax and TDS authorities This information available in Additional Organization Information is the basic data for all India Localization activities The Organization and Locations defined through
100. going to be incorporated Note Note Reporting of depreciation for income tax purpose is done based on the asset books and for each asset book multiple block of assets with different depreciation rates can be maintained User may take enough care while setting up their asset books by keeping a view on the localization requirement Block Name Required Block Name can be entered from LOV for which the Opening Balance will be entered Depreciation rate Required The Corresponding depreciation rate for a block can be entered here Start Date Required This date can be a Start Date of a First Half or Second half of a Financial year 6 6 Oracle Financials for India User Guide Opening balance Required Closing Balance Adjustment Block Opening WDV Optional Adjustment Depreciation Optional Adjustment Opening Written down value of a Block of assets can be entered here If the User wants to adjust Opening Written down value of a Block after an Income tax assessment is finished for a Particular year The adjustment amount can be entered here and Opening WDV value will be adjusted accordingly If the User wants to adjust Depreciation amount after running the depreciation program the same amount can be entered here In other words this field support the functionality of Unplanned Depreciation Note Note The User must keep in mind the following points while entering the Opening ba
101. impact on the Supplier Liability Accounting and generation of TDS Certificates Invoices with TDS Codes When you create an AP Invoice the TDS gets calculated based on the TDS Threshold Setup done 3 30 Oracle Financials for India User Guide India Distributions Global Descriptive Flexfield Usage of earlier Invoice Distributions Descriptive Flexfield has been discontinued and the same functionality has been implemented through India Distributions Global Descriptive Flexfield The users should ensure that at least one segment of this India Distributions Global Descriptive Flexfield is marked as Enabled The users should not make any of the segments as Required Following are the details of the Global Descriptive Flexfield Application Regional Localizations Title JG_AP_INVOICE_DISTRIBUTIONS Context Field Values Code JA IN APXINWKB DISTRIBUTIONS Name Invoice Distributions Description Asia Pacific Invoice Distributions Information Apart from the above there are no changes from a user perspective in the TDS functionality due to migration of the Descriptive Flexfield to Global Descriptive Flexfield Prerequisites Before you can use the TDS feature on Invoices you should have completed the mandatory setup defined in the Setup Documentation 1 TDS On AP Invoices and Prepayments The TDS calculation and creation of the TDS related Invoices would take effect during the Validation of an AP Invoice with either T
102. information as given in the report format of RG Registers Column Headings Date Transaction date Opening Balance Derived as Sum balance packed balance loose Quantity Manufactured Will be populated when Finished Good is received Total Derived as Opening Balance Manufactured Qty Removal from factory on payment of duty Home Use Removal from factory on payment of duty For export under claim Removal from factory without duty For export under bond Removal from factory without duty To other factories For Other Purpose Purpose For Other Purpose Quantity Duty Rate Excise Duty Rate Duty Amount Excise Duty Amount Balance Quantity In Finishing Room Derived as Total for_home_use_pay_ed_qty for_export_pay_ed_qty for_export_n_pay_ed_qty to_other_factory_n_pay_ed_gqty other_purpose_n_pay_ed_qty Balance Quantity In Bonded Store Closing Balance available in bonded store Signature of the Assessee his agent Blank Report is printed in the order of Transaction Date applicable for that Location and for that Organization India OSP Pending Dispatch Report Report Submission India Local Purchasing 2 91 Use the Submit Requests INV amp PO Modules form and enter IndiaOSP Pending Dispatch Report in the Name field to submit the report Organization Required PICK Enter the Organization for which you wish to take the Unapproved OSP Dispatches Report for Location optional PICK Ente
103. is not chosen in the Excise creation India Localization screen for the Organization Location Invoice On selecting this option in combination with the Invoice Type the Excise Invoice Number generated on saving an AR Invoice would be based on the definition specified for this record Export The document sequence defined here would be applicable to Excise India Local Inventory 1 21 Field Description Type Action Description Order Invoice Type Register Code Prefix Start No Jump by End No Required Required Optional Required Required PICK HELP PICK HELP Invoice Numbers generated for a Export Transaction This would be applicable to all the Order Invoice Types that are Define Bond Register Chosen for the Organization Location with Register Type Export with Excise This Order Type is not chosen in the Excise creation India Local screen for the Organization Location The relevant Order Type Invoice type related for a Inventory Organization Location have to be selected here from the LOV The appropriate Register Code for an Order Invoice Type has to be selected here from the LOV Any alpha numeric code that would be prefixed to the Excise Invoice number You can specify the Start Number for a specific Excise Invoice Serials which are to be generated from a particular Inventory Organization Location for a specific Order Invoice Type You
104. item RG23A Sl No Credit Date and Re credit Amount taken Serial Number No Date and Amount of Re credit taken on Receipt of items Report Order Report is printed in the order of date of Issue for the selected Organization India Outside Processing Challan This report gives you the challan required under rule 4 5 of The Central Excise Rules The output is listed Challan number wise Use OSP Form Report to print Challan for material sent for outside processing The report is divided into three parts Data for PART I is populated by the system during printing while PART II and PART III data are to be manually filled up as and when required Report Submission Use the Submit Requests INV amp PO Modules form and enter India Outside Processing Challan in the Name field to submit the report Report Parameters Organization Name Mandatory Oracle Financials for India displays the 57F4 Forms for the Organization you enter for this parameter Location Mandatory Oracle Financials for India displays the 57F4 Forms for the Organization Location you enter for this parameter Fin Year Mandatory Oracle Financials for India displays the 57F4 Forms for the Fin Year you enter for this parameter Issue Date From Optional Oracle Financials for India prints all the 57F3 Forms starting from the date you enter for 2 96 Oracle Financials for India User Guide this parameter Issue Date to Optional Oracle Financials
105. lines each with a different TDS Codes and it is partially applied to a prepayment then the lines considered for TDS reversed will be on a FIFO basis e Where some of the lines have to be reversed you have to ensure that the Prepayment is applied only after you have reversed the lines that you wish to reverse e Reversed lines Reversal lines and Prepayment lines are not considered for TDS Calculation 5 On Un Applying Prepayment Invoice applied to a Standard Invoice When you un apply a Prepayment to Standard Invoice both of these subject to Tax Deduction Invoices would be created to reverse the effect of the Invoices created on application of the prepayment Standard Invoice would be created for the TDS Authority and a Credit Memo would be created for a Supplier 6 On Canceling Standard Invoice On canceling a Standard Invoice for which Tax has been deducted the Invoice created for the Tax Authority would be canceled and a Standard Invoice to the extent of the Tax Deducted an Standard Invoice would be created for the Supplier However there would not be any effect on these Invoices if the Invoice for the Tax 3 32 Oracle Financials for India User Guide Authority is already paid You have an option to cancel the Supplier Invoice while you are voiding the Payment for the Invoice In such cases Invoices to Tax Authority would also be cancelled However it is necessary that the Tax Authority Invoice is not yet paid TDS Invoic
106. local taxes Apart from this the user would also define the Organization Registration details with Excise Customs Sales Tax and TDS authorities This information available in Additional Organization Information is the basic data for all Oracle Financials for India activities The Organization and Locations defined through Common Application would be available for setup While creating the Additional Organization Information it is mandatory to create two sets of records one at Null Location level and another with Location The master child relationship among the Organization and Location would be used only for consolidation of Excise Registers at Master Organization Level For further information see Defining Organization Additional Information page 1 4 Define Organization Trading Information You would enter the information of the Organizations Registered under the Central Excise Rules as a Dealer Depot Navigate to Trading Information Tab of the Additional Organization Information to enter Excise Registration details of a Dealer The information entered here would be printed on all relevant reports and invoices raised from this Organization You would ensure that no values are entered in any of the fields falling under the Excise region of the Tax Information tab of the Additional Organization Information Any value entered in this region would categorize this Organization as a Manufacturing Organization For further information see Defining
107. localization taxes e Create Sales Order for Excise exempted sales e g CT2 CT3 Relevant Certificate information can be recorded e Create Sales Order for VAT Exempted Sales Order like Vat Exemption Item Export Inter State Sale Sale to Specified parties Transfer e Automate calculation recording and accounting of CENVAT Recovery as specified under Rule 6 of The CENVAT Credit Rules 2002 for excise exempted sale e The Sales Order displays Assessable Value which forms the base for calculation of Excise Duty e The Sales Order also displays the VAT Assessable Value which forms the base for calculation of VAT taxes Major Features of Sales Order India Localized Defaulting Taxes to India Local Sales Orders You can use Localization taxes while creating a Sales Order in the Order Management These taxes can be defaulted based on the Tax Defaulting Rules The automatic Tax Defaulting is based on Item Category assigned to the Customer Customer Site or based on the Item Class assigned to the Tax Category Tax Base Amount You can define precedence logic to calculate Tax Base Amount on which the Tax Rate is applied The Tax Base Amount can either be the line amount or line amount including other taxes calculated for the transaction Important No precedence logic and tax rates are available for adhoc taxes 4 2 Oracle Financials for India User Guide Defaulting Assessable Value to India Local Sales Orders You can use an As
108. monitor the funds capture and funds disbursement processes as well as how to remedy any errors that may arise Oracle Process Manufacturing Process Execution User s Guide The OPM Process Execution application lets you track firm planned orders and production batches from incoming materials through finished goods Seamlessly integrated to the Product Development application Process Execution lets you convert firm planned orders to single or multiple production batches allocate ingredients record actual ingredient usage and then complete and close production batches Production inquiries and preformatted reports help you optimize inventory costs while maintaining a high level of customer satisfaction with on time Delivery of high quality products The OPM Process Execution User s Guide presents overviews of the tasks and responsibilities for the Production Supervisor and the Production Operator It provides prerequisite setup in other applications and details the windows features and functionality of the OPM Process Execution application Oracle Purchasing User s Guide XV xvi This guide describes how to create and approve purchasing documents including requisitions different types of purchase orders quotations RFQs and receipts This guide also describes how to manage your supply base through agreements sourcing rules and approved supplier lists In addition this guide explains how you can automatically create purchasing docume
109. of Person responsible which needs to be printed on the report The Designation of Person responsible which needs to be printed on the report The Address of Person responsible which needs to be printed on the report The State of Person responsible which needs to be printed on the report India Local Receivables 5 61 Field Description Type Action Description PIN of the Person Responsible Responsible Person s Address Changed since Last Return Start Date End Date Provisional Receipt Number File Path File Name Required Required Optional Optional Optional PICK Required PICK Required PICK The PIN Code Postal Code of Person responsible which needs to be printed on the report Enter Yes or No to the question of Responsible Person s address changed since last return The start date from which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter The end date till which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter The Provisional Receipt Number in case the return has been filed earlier The file Path where the Flat file needs to be located Ensure that write permission exists for the given file path The name of the Flat file that is generated 5 62 Oracle Financials for India User Guide Field Descript
110. off Reason Optional The User has to enter the Write Off Amount which no longer required By default the Balance remaining in a BOE Invoice will be displayed here but the User can override and change the Amount The User has to enter the Date on which he is Writing Off a BOE Invoice The User has to enter the reason for the Write Off in this optional field 3 44 Oracle Financials for India User Guide Once the User saves this screen the entered amount will be written from BOE Invoice and the Written Off column in the Amount Block of the BOE Invoice form will be updated PLA Invoices Payment Navigation India Local Payable India Localization Invoice Entry PLA Invoices Field wise details for the PLA Invoice Payment is given below Field Type Action Description Description Payment_Id Defaulted This is the system generated Payment_Id after entering data and save this form TR6 Challan Required ENTER The user can enter TR6 Challan No Date Number and Date through which the PLA Payment will be made Inventory Required EDIT HELP The user defined Inventory Organization PICK Organization need to be picked up here from LOV Location Required EDIT HELP Location for that Inventory PICK Organization is to be picked up from LOV Acknowledgment The Acknowledgment Flag will be Block enabled after the PLA Payment is made and the user can update the Acknowledgment Date Only after Acknowledgment is re
111. optional You must schedule it to run after Inventory Interface and Order Management Interface and prior to AutoInvoice This report does not generate any printable output e This concurrent needs to be setup as incompatible to itself If the same is not done and multiple users run it with blank Delivery_id it would result in skipping Excise Invoice Numbers or alternatively hitting the Excise Register multiple times for the same delivery e This concurrent is expected to be scheduled with blank Delivery id which would pick and process all available deliveries This is to be run with Delivery_id for specific cases where debug log is required for any problem reporting e Incase the users run it with delivery_id as a part of the process then the concurrent needs to be scheduled to run atleast once a day without Delivery_id to ensure that any records skipped get Excise Invoice Numbers for the same day Not doing this will result in sequencing issues when compared to Excise Invoice Dates e The concurrent will process only those deliveries which are OM 4 8 Oracle Financials for India User Guide interfaced and Inventory Interfaced e This concurrent is for generating Excise Invoice Number and Accounting thereof There is no rdf attached to the same and hence this is not supposed to generate any output e This concurrent needs to be run prior to Auto Invoice import if the Excise Invoice Number is required to be seen in Localization AR ta
112. particular Invoice Line Taxable Amount Displays the amount based on which the sales tax is calculated In addition to the above the following columns are displayed in case of Matched ST Forms Matched Amount This column displays the amount matched Form Number This column displays the form number which was matched Form Date This column displays the form date of the form the matching was done Form Amount This column displays the form amount which was matched Report Order Report is printed in the order of Inventory Organization Customer Customer Sales Tax Registration Number Form type and Invoice Date for the selected parameters India Total Sales Report This report gives you the total sales made from a Inventory Organization for a given period with tax details Report Submission Use the Other Reports India Local Receivables form and enter India TotalSales Report in the Name field to submit the report Report Parameters Organization Required PICK India Localization displays the Default Organization default Enter an Organization you wish to take the Total Sales Report for Location Optional PICK Enter a Location Skip for all you wish to take the Total Sales Report for India Local Receivables 5 85 Period of report Optional Enter the period for which you wish to take the Total Sales report for If From amp To dates are not entered then all Sales till date will be reported Report
113. print all the Tax Category names defined in the system till date Item Class ID PICK HELP optional Oracle Financials for India accepts an optional Item Class also Tax Name PICK HELP Oracle Financials for India accepts Tax Name as an optional parameter If you do not give any value to this field system will print all the Tax Names defined in the system till date Category Start Date Optional Oracle Financials for India accepts Category Start Date as an optional parameter This is to produce the report to your choice Transactions with Tax Categories defined on or after the date will be selected for reporting Category End Date Optional Oracle Financials for India accepts Category End Date as an optional parameter This is to produce the report to your choice Transactions with Tax Categories defined on or before the date will be selected for reporting Blank End date means no check is made on end dates Tax name Start Date Optional Oracle Financials for India accepts Tax Name Start Date as an optional parameter This is to produce the report to your choice Transactions with Tax Name defined on or after the date will be selected for reporting Tax name End Date Optional Oracle Financials for India accepts Tax Name End Date as an optional parameter This is to produce the report to your choice Transactions with Tax Name defined on or before the date will be selected for reporting Blank End date means no check
114. provided with a report which will facilitate arriving at asset category wise Gross Block of Assets and written Down Value as required for Income Tax purpose Periodical Closing Balances of Block of Assets User is provided with a facility generate monthly closing balances of Block of assets Setting up India Local Fixed Assets Under the Income Tax Act to work out the income tax liability depreciation needs to be worked out based on written down value method for the block of assets and no 6 2 Oracle Financials for India User Guide depreciation can be claimed on individual assets All assets need to be assigned to the respective block of assets and written down value need to be worked out based on the equation prescribed under the Income Tax Act Few examples for Block of assets widely used in the industry are e Land and Buildings e Plant amp Machinery e Motor Vehicles e Furniture amp Fixtures Depreciation on asset added to a block needs to be worked based on the period of commissioning of the individual asset As per the current provisions depreciation for an asset block can be claimed up to 100 of the allowable depreciation if the asset is procured between the 1st of April and 30th day of September Only 50 of the allowable depreciation can be claimed on a block if the asset is procured between 1st day of October and 31st day of March As a part of Localization set up the User has to define the Block of assets This ne
115. record details of Sales Tax declaration forms for each of the Sales Invoice India Localization provides you with a feature to define Form Names Define Taxes with Declaration Forms attached Tracking Invoices for which these Forms have to be received Record details of Forms received and query and view the Received Form details Prerequisites Before creating the Transactions with Concessional Rates of Sales Tax following setups need to be done e Define Form Names e Define Taxes with Form Names attached e Define Customer Additional Information e Define Tax Categories with this Tax Code e Define Item Categories with this Tax Categories Before you record details of Concessional Forms to be issued to Supplier following need to be done e Complete Shipment with Sales Taxes with Form Names attached e Create AR Transactions for these Orders e Ensure that Transaction lines are created to account for Localization Taxes e Complete the Invoice e Submit India ST Forms Receipt Processing Recording details of Sales Tax Declaration Forms To record details of Sales Tax Declaration forms navigate to Define Sales Tax Form Details window as follows India Local Receivables Customers Receipt ST Forms In Find ST Form Details screen enter the Customer Name Customer Site and Form Type in order to query for Invoices against which Forms are not yet received You can enter other query criteria to find specific Invoice D
116. required For more information see Processing Adjustments Oracle Project Costing User Guide Generate Draft Invoices Generate draft invoice using the Oracle Projects Billing concurrent program e PRC Generate Draft Invoices for Single Project or e PRC Generate Draft Invoices for Multiple Projects This process will calculate and default India taxes on the India Draft Invoice Screen The tax defaulting will take place based on the setup created See Setting Up Projects Billing Tax Defaults and Preferences for further information Invoice India screen can be viewed from a separate menu option or from View gt Zoom on the base Projects draft invoice screen Login with India Local Projects Billing India Local Projects 8 13 responsibility and navigate to Oracle Projects gt Billing gt Invoice Review gt Find Invoices gt Invoice Summary gt Tools gt India Invoice In the Find Invoices screen query your required invoices Field Description Description Projects Region Project Number Project Name Invoices Region Invoice Number Invoice Status Creation Date Customers Customer Number Customer Name Enter the project number by which you want to query the invoices Enter the project name by which you want to query the invoices Enter the invoice number by which you want to query the invoices Enter the invoice status by which you want to query the invoices Enter the creation d
117. should be a Dummy Organization only used for Excise Reporting No transactions should be done in the Master Organization Location directly e Master Organization Consolidation request set could be run at periodic intervals depending on the reporting requirements Master Org RG Entries Request Set Navigate to Inventory gt Reports gt All gt Request Set gt Master Org RG Entries to run the request set This request set consists of 4 requests one each for consolidation RG23 A C PLA and RG Registers Parameters for each of the requests are same Organization Required PICK HELP Name of the Master Organization is to be given in this parameter Location Required PICK HELP Name of the Master Organization Location is to be given in this parameter 1 106 Oracle Financials for India User Guide After completion of the Request Set the consolidated RG Entries and balances shall be available at the Master Organization Location This request set is only a program to copy and consolidate the Child Organization records Normal RG reports shall have to be used for viewing and printing the RG reports for the Master Organization The entries for individual Child Organizations shall still be available and if required reports could be obtained for Child Organizations as well View Register Balance This section gives us details of the various Register balances The user can view the Excise Registers RG23A Part II RG23C Part II and PLA balance
118. should select the site value from the List of Values of the Site field Save the record Then click the TDS Details button and save all the values defaulted from the NULL Site record e Once the Site Level record is saved the user should requery the record and then attach the values for the fields Default TDS Section and Tax Name Importance of PAN TDS Threshold is maintained by Vendor PAN Hence process of entering and confirming PAN has been made mandatory Enough care should be taken by the users to enter the correct value for this field Importance of TDS Vendor Type TDS Thresholds are for a combination of TDS Section Code and Vendor Type Vendor Type seeded as part of this solution are e Company IND e Individual IND e Other Persons IND e Hindu Undivided Family IND You can create more TDS Vendor Types in the TDS_VENDOR_TYPE purchasing lookup and create more TDS Threshold based on the new TDS Vendor Types 3 18 Oracle Financials for India User Guide India Local Payables India Localization Suppliers Additional Information Field Description Type Header block Name Number Site Vendor Type Invoice section Approval Create Pre Approved Optional TDS Invoice Credit Memo TDS Information Section TDS Vendor Type Required PAN No Required Action DISPLAY DISPLAY DISPLAY CHECKBO X PICK HELP EDIT PICK HELP EDIT Description This field d
119. the specified Organization and location is Excise Bonded or Duty Paid When this Flag is enabled the Sub Inventory is considered as Bonded You need to specify whether a Sub Inventory belonging to the specified Organization and Location is Trading When this Flag is enabled the Sub Inventory is considered as Trading If the Organization Location has a Manufacturing setup this field is disabled Important The above Sub Inventory setup is mandatory in nature amp missing the same will result in shipping getting stopped Defining Value Added Tax Regime Regime would be used to define rules that would be applicable to all Taxes assigned to it On a Regime you would define rules that would be applicable to all transactions 1 24 Oracle Financials for India User Guide created from the Organizations assigned to it Information defined here would be generic unless you assign different properties at an Organization Level e Value Added Tax Registration Organizations have to register with the various Value Added Tax Authorities specific to each state The Registration would be the basis for all Recovering Credit on Input Tax settling Tax Liability and Tax Reporting e Assigning Tax Types Value Added Tax Type have to be assigned to the Value Added Tax Regime This is a logical grouping of all transactions to which these taxes are applicable If the values assigned for a particular tax are different these would prevail over tho
120. the Excise Duty applicable to the Export Transaction The same would not be applicable to the Bonds that have been checked as LUT s The system would also raise application error where the Shipment Date is greater than the Bond Expiry Date You can view the Transactions under Bond through the View Bond Register screen The duty amount debited in the Bond Register can be credited on admission of the proof of export by the Excise Authority To view the transactions related to the Bond select the Organization Location and 4 50 Oracle Financials for India User Guide Bond Number The lines would reflect the transactions related to the Bond Bond Amount entered in the Define Bond Register screen would be shown as the Bond Credit This would be the first transaction A record would be created for every shipment transaction with the Transaction Name as Bond Sales Register Balance would be reduced to the extent of this Excise Duty on the transaction India Local Order Management Setup Registers Bond Register Summary Field Description Operating Unit Organization Name Location Bond Number Bond Expiry Date Letter of Undertaking Transaction Name Transaction Amount Register Balance Order Invoice Type Action Required Pick Enter Enter Enter Displayed Check box Displayed Displayed Displayed Displayed Displayed Description The Operating Unit for which th
121. the Invoice need to be matched to a Receipt or to a Purchase Order If the user opts for match to PO at the time of matching the Localization Taxes attached to PO will be taken into consideration and Taxes will be apportioned based on the quantity matched In this case taxes will be calculated based on the taxes defined in the Purchase Order If the user opts for Receipt Matching system will work out the Taxes based on the Taxes available for the particular Receipt and based on the matched quantity Taxes will be apportioned In India as the occurrence of variance in the Taxes defined in PO with actual receipt being very frequent it is suggested to opt for Receipt Matching so that the taxes in AP will be in sync with the taxes at the time of Receipt Automatic Creation of Invoices Based On Receipts Pay on Receipt functionality in Oracle Applications will also consider Taxes Payable to the PO Vendor for the payment of Receipts entered Localization supports Pay on Receipts based on Receipt Number as well as Packing Slip Number If the user opts for Packing Slip Number he need to take care to enter the Packing Slip Number at the time of creating a Receipt Pay on Receipt program takes into account the RTV Transactions against the Receipt Purchase Returns While performing Return to Vendor transaction system can take care of the reversal of CENVAT Credit that needs to be done before removal of goods Based on the user defined parameter
122. the Organization Value e Enter a Year code in the FinancialYear with which you would identify this period e Enter the Period identified by the StartDate and EndDate This period should be the Financial Year defined under the Income Tax Act If you require the TDS being Deducted to be rounded off to Ten Rupees instead of rounding the same to the nearest rupee enter the current financial year and set Rounded To Ten All Credit Memos and Invoices on TDS Authorities generated will be rounded off to Ten Rupees Note This is a one time setup and cannot be changed Defining TDS Thresholds Setup You can define TDS Threshold for a Vendor Type and TDS Section Code combination You can define Thresholds for Single Invoice as well as Cumulative Invoice Thresholds You can setup TDS Threshold Limits for a combination of e Vendor Type e Section Type The above setup can be used as a default setup across Vendor Types If you wish to setup different Threshold Limits for certain Vendors you can do the same by setting up Exception Setup You can define as many Exception Setups as desired Using this setup screen you can define Thresholds for the Section Type TDS Section You can define following Threshold Types e Single e Cumulative Single Threshold applies to a certain transaction only If this Threshold is setup with a monetary limit TDS will be deducted every time the current Invoice Amount exceeds the Threshold Amount Those I
123. the same Financial Year Hence you should ensure that the total CENVAT is claimed before saving an RTV Transaction e You can find the CENVAT Credit he can avail by running India CENVAT report This report is available in India Local Purchasing Responsibility e Inthe Additional Organization Information Screen the user need to key in an account to which all pending CENVAT Credit need to be posted and it will be tracked This account is being identified as CENVAT Receivable Account Unclaim CENVAT CENVAT can be claimed only on Receipt of documentary evidence indicating the Excise Duty Liability incurred by the Shipping Organization There would be situations where the Organization might not receive such documentary evidence In such cases 2 68 Oracle Financials for India User Guide the Excise Duty amount has to be included the Item Cost and the record should be eliminated from the list of records that have to be processed for CENVAT Claim In case the Item is Inventory Item then such CENVAT Amount should be added to Item Cost if the costing method is Average The same should be accounted as Purchase Price Variance where the costing method is STANDARD If the item is EXPENSE then the CENVAT amount needs to be added to Expense Account An option has been provided in the Claim CENVAT on Receipts screen where the user can identify the Receipt lines that have to be eliminated from the CENVAT Claim processing Such records wou
124. the total amount utilized for payment debit of duty that is being adjusted to CENVAT credit on inputs capital goods based on the report parameter Closing Balance This field shows the total of unutilized amount of Credit availed as on a particular date for Inputs Capital Goods based on the report parameter India RG I Report This report gives you the Daily Stock Account for Finished Goods Scrap Intermediate Products and By products as per Format Specified by Central Excise Act Report is same as specified by the Central Excise Act Use the Request Transaction Reports form and enter India RG I Report in the Name field to submit the Report Report Parameters Organization Required Default PICK HELP Oracle Financials for India displays the Default Organization default Enter a Organization you wish to take the RG Report for Location Required Default PICK HELP Oracle Financials for India displays the Default Location default Enter a Location you wish to take the RG Report for Transaction From To Date PICK HELP Oracle Financials for India allows the user to print selectively the transactions from a given Date on wards Show All Items Stock Default PICK HELP Gives flexibility for the user to print all Items transacted during the period or in stock 2 90 Oracle Financials for India User Guide Report Headings Report headings provide you with general information about the contents of the report Oracle lists
125. the transfer document from the Receiving Organization Inventory responsibility Assessable price for the Transaction is picked up from the Customer Additional Information form for Excise and VAT Taxes If the same is not defined it takes the value from the Item Cost for the item being shipped In case of In Transit Inventory Organization Transfer you must receive goods as normal receipt and follow the same process of claiming CENVAT and VAT tax credit In the Receipts the transaction can be captured through the Shipment Number or through various filters available in the query form The default Document Sequence followed for Excise Invoice Number Generation is that of the Domestic Series The same sequence is followed for the Direct and In Transit Inter Organization Transfers VAT Invoice Number generation is based on the Default Document Type set up done against the Regime Registration Number of the Organization The same sequence is followed for the Direct and In Transit Inter Organization Transfers The India Local tax engine generates Accounting Entries only for the items related to Localization Taxes Oracle Base Inventory will generate the accounting entries for the basic value of Inventory transferred and for variances if any in case of Standard Costing India Local Inventory 1 115 in Receiving Organization Inter Organization Transfer of Capital Goods When Capital Goods are being transferred in the same year of purchase the Accr
126. to be printed on the report Responsible Person Required The State of Person State responsible which needs to be printed on the report Responsible Person Required The PIN code Postal Pin Code of Person responsible which needs to be printed on the report Responsible Person Required The Telephone Telephone Number of Person responsible which needs to be printed on the report India Local Receivables 5 109 Report Parameter Type Action Description Responsible Person Required email Start Date Optional End Date Optional The email Address of Person responsible which needs to be printed on the report The start date from which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter The end date till which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter India TCS Annual Report Use the Submit Requests from India Local Receivables and enter India TCS Annual Report in the Name field to submit the report Report Parameters Report Parameter Type Action Description Legal Entity Required PICK The Legal Entity for which the report is being generated Org TAN Num Required PICK The Organization TAN Number for which the report is being generated 5 110 Oracle Financials for India User Guide Report Parameter Type Action Description Organizatio
127. to help tracking duty draw back Duty drawback processing will Ensure that an Invoice is considered only once for claim Ensure that a receipt is considered only to the extent not claimed Reverse the CENVAT claimed if duty drawback is to be claimed TDS Certificates Received Overview For certain sales where Tax Deduction at Source is applicable the customer would make provision for such deduction and issue a Certificate in Form 16A You can use the TDS Certificates feature of Oracle Financials for India to record the details of the Certificate received and the deduction details In addition the user can create Credit Memo through Auto Invoice in the Interface menu by specifying Request name as Auto Invoice Master Program Invoice source as TDS Credit Memo From to Customer for whom he wants to create the Credit Memo and default date It is imperative that Customer Additional Information is setup along with Transaction source amp Transaction Type as specified in this document to successfully import the TDS Credit Memo The feature is only for recording of TDS Certificates received from Customers and is not for any issue of TDS Certificates to Customers for deducting TDS against Discounts Schemes Credit Memo etc The TDS Certificates feature lets you track the TDS Certificates received from the customer You can e Record details of TDS Certificates received e Generate Credit Memos based on the Certificate information This wou
128. transactions VAT Defaulting amp Calculation VAT Taxes default on following documents e Purchase Requisitions e Internal Requisitions e Request for Quotations e Quotations e Purchase Orders e PO Releases e PO Receipts e ISO Receipts e RMA Receipts Current Tax defaulting and calculation capabilities of Oracle Financials for India Tax Engine can handle these requirements Tax defaulting and calculation happens based on Tax Setups Appropriate setup of Tax Codes Tax Categories with Precedence and Item Categories will ensure appropriate Tax defaulting and Calculation Added Tax Recovery Process VAT Taxes applicable to a Purchase Transactions can be recovered to set off the VAT Liability arising from the Sale of Goods arising in the course of intra state trade This section provides details of the VAT Recovery process Claim VAT During Receipt creation VAT Tax Amounts included in the Purchase transaction can be recovered on Receipt of VAT Invoice from the Supplier This document can be received either with the Receipt of Material or at a later stage If the document is received along with the material then the user has an option to enter the VAT Invoice details by opening the Claim Details window through the Receipts India Local window To open the Claim Details window while creating the Receipt click on the Claim VAT button on the Receipt India Local screen India Local Inventory 1 33 e You should have frozen the Ta
129. value that is different from the Cost of the Item This Assessable price is picked for the respective taxes defaulted based on Tax Defaulting Rules Assessable Prices are defaulted automatically when an Assessable Price List is assigned to the Customer Customer Site or Null Site for the internal customer e Generation of Excise Invoice Number When the Item shipped has Excise related Taxes an Excise Invoice Number gets generated once the transaction is saved All excise related registers will get updated on completion of the transaction The sequence used or followed for the Excise Invoice Number generation is that of the Domestic Sequence set up in the Organization Additional Information e Generation of VAT Invoice Number When the item being shipped has VAT type of Taxes and is marked as VAT able a VAT Invoice Number is generated once the transaction is saved The tax repository gets updated on completion of the transaction e Tax Accounting The India Local Tax engine generates Accounting Entries only for the items related to Localization Taxes Oracle base Inventory will generate the accounting entries for the basic value of Inventory transferred e Costing Item cost of the material transferred is calculated and updated by the base inventory The nonrecoverable taxes are moved separately to the item cost by the localization engine Oracle Financials for India Inventory Transfer supports transfer and receipts of inventory from an average c
130. when VAT Exemption Type is selected Important The Sales Order will display following message when for any line the Tax Setup is not made and as a result does not have taxes This is useful mainly to ensure that all the items entered in the Sales Order have appropriate tax setup India Local Tax Details Sales Order India Local Tax Details screen displays Taxes for the current line in the Sales Order Localized screen All the Taxes related to that Sales Order line could be viewed by clicking the Taxes Button You can view the Taxes defaulted for the Item and have an India Local Order Management 4 35 option to Update Add Delete the taxes defaulted If you make some changes in the defaulted taxes you need to click the apply button to make the tax modifications effective After applying the Tax modifications you need to save the record You can check the Tax Name Tax Type Tax Rates Unit of Measurement Precedence logic for calculation of taxes and the taxes calculated for each line item No precedence logic and tax rates will be available for an adhoc type of tax Specifying Tax Details In Oracle Financials for India navigate to the India Local Tax Details window from India Local Order Management gt Orders gt Returns gt Sales Order Localized gt Taxes All the above fields are displayed as per the taxes defined in the window for an item associated with a respective customer Important System will show the follow
131. whichever is earlier Amount of Tax Deducted Amount of Tax Deducted for the Invoice Date of Deposit Date on which Tax was deducted for the Invoice Date on which Tax was paid to the Credit of the Central Government Date on which Tax was paid to the credit of the Central Government Tax Deduction Certificate Number TDS Certificate Number which was sent to the Supplier informing him the TDS details Date of furnishing of TDS Certificate to Company Date on which TDS Certificate was sent to the Supplier Company Report Totals Invoice Amount Total and TDS Amount Total for the report Report Order Report is printed in the order of Vendor Name Certificate Number and Invoice Number for the selected Organization India Cash Bank Book Report The Cash Bank Book can be printed as per user requirement for a range of period Report Submission Use the Submit Requests India Local Payable amp India Local Receivables Module India Local Payables 3 61 form and enter India Cash Bank Book Report in the Name field to submit the report Report Parameters Bank Name Required PICK Account Number Required PICK Account Number of the Above Bank for which the User wants to take the Bank Book for a given period Book Type Required Either B meant for Bank Book or C meant for Cash Book can be selected by the User from the LOV Start Date Required End Date Required Report Headings Report headings provide you with general in
132. will be available to you depending on your User Authorization after the base item receiving details are entered and the receipt process is completed India taxes can be viewed or updated using View Update India taxes link available against each receipt line on confirming a base iProcurement receipt Similar to Requisitions Taxes are defaulted automatically based on the India Tax Defaulting Hierarchy from Purchase Order as in the case of normal receipts created using the form based functionality Navigate to India Local iProcurement gt Receiving gt Requisition to Receive gt View Update India Tax to open the India Tax page You can add new tax lines and delete the defaulted taxes when not relevant This page allows only Authorized Users to do receipt tax modification particularly to add third party taxes Supplier Name and Supplier Site depending on Organization level parameter Allow Tax change on Receipts and User Authorization It also facilitates modification of tax precedence On completion of modification the taxes can be recalculated and saved Changed made to the India taxes can also be ignored when not necessary This action should however be done before saving the changes On Completion of the Receipt accounting entries and costing for all non recoverable taxes gets effected through India Local concurrent program India Receiving Transaction Processor which is automatically launched on completion of the above mentioned web p
133. would continue to have null Service Type As the Service Type would not be captured automatically a form has been provided which would enable you to review such transactions prior to settlement after applying the patch and make necessary changes or update the Service Type However it is suggested that the patch should be applied only after making settlement and without carrying out any transactions Option of viewing the Accounting for any particular Service Tax Repository entry The Service Type Review form also has an option for viewing Accounting for any particular Service Tax Repository Entry Option to Distribute Service Tax by Inventory Organization and Service Type The Service Tax Distribution form has been upgraded This is to enable you to distribute the Service Tax by Inventory Organization in place of Operating Units and also by Service Type Provision to generate and Print India Service Tax ST3 Report in the latest format The half yearly India Service Tax ST3 Report is modified based on the the latest format provided Service Tax Setup Steps 1 Review and rectify Service Tax Regime Registration Navigate to India Local Inventory gt India TCS VAT Service Tax gt Setup gt Regime Registration The Organization screen will show the Organization Type as Inventory Organizations instead of Operating Units after application of patch and the migration script Review and Transfer balance to Inventory Organizations and Servic
134. your customers The excise duty tracked while receiving the goods in a trading organization can be allowed as CENVAT credit for its customers Before 7 2 Oracle Financials for India User Guide confirming the shipment the organization needs to allocate the excise duty involved during receipt of the excisable goods While shipping from the trading organization you are required to track the exact amount of duty paid by the original manufacturer for passing down the credit under CENVAT procedures This can be done through match receipt for trading item screen This Matching Receipts form provides the Information regarding available receipts from which the delivery quantity can be picked up Once the receipt is matched then the Excise amount in the Ship Confirm delivery lines will be the Excise amount from Receipt tax line for the respective delivery quantity A new feature of Unmatch is provided which will enable the user to roll back the matching already made in case of either wrong matching or need for splitting etc Major Features e Facility to pick up available receipts You have an option to pick up any available receipts to which delivery quantity can be matched e Find Delivery Details for Matching You can find the delivery lines for matching by giving Organization Order Type Customer name customer number Delivery id or delivery detail id Query can also be based on order number e Automatic Matching A check box is provided to enabl
135. AT accounts to PLA India Local Receivables 5 17 e Creates a PLA Payment and AP Invoice for the net liability to change the negative amount to zero You can also transfer a part of the available credit to offset negative PLA balance To do this specify the amount that needs to be maintained in the CENVAT accounts on completion of the transaction Accordingly the system will make Debit entries in the CENVAT registers and credit entries will be generated in the PLA register For the balance amount system will create a PLA Invoice The RG Consolidation feature lets you completes sales transactions in spite of inadequate credit balance You can e Settle Excise Liability Quarterly e Automate creation of PLA Payment and AP Invoice based on the intended PLA balance Major Features of RG Consolidation Allow Negative Balance You can enable update of PLA with debit transactions even when the PLA balance is negative Track Register balances for each Organization Location combination RG Consolidation window provides you an overview of the balances of Excise Registers and PLA You can try a combination of transfers and see its corresponding effect on PLA balance Create PLA Payment and AP Invoice On saving the changes in RG Consolidation based on the intended balance of PLA a PLA Payment and AP Invoice are created However the PLA Register will not be updated with this transaction until the Invoice is paid and the PLA Payment is
136. Account for the Organization through the Organization Additional Information screen For Complete information on Setting up Organization Tax Information refer to Defining Organization Additional Information section of Oracle Financials for India User Reference Manual Tax on the Purchase Order and the Receipt is rounded to 2 decimal places On CENVAT Claim the Accounting Entries and the Register updates are made upto two decimal places India RG Rounding Process This concurrent program creates Rounding Adjustment Entries for the Excise Invoices falling between specified dates You should schedule India RG Rounding Process by specifying the Organization and the Excise Invoice Date Range This program creates accounting entries to e Dr Cr CENVAT RM CG Account e Cr Dr Excise Rounding Account The CENVAT Account will be debited when the Excise Amount on the Invoice is rounded up The CENVAT account RM or CG picked up will be based on the type of Items purchased In cases where the Excise Invoice consists of both Raw Material and Capital Goods Purchased then the rounding amount will be passed to the Register Type specified in the India RG Rounding Process concurrent request Navigate to India Local Purchasing gt Reports gt Run gt India gt RG Rounding Process Parameters Organization Select an Inventory Organization that has been setup for Oracle Financials for India 2 36 Oracle Financials for I
137. Additional Value Optional Rate Required ENTER Amount For CVD Displayed Op tional Cess Customs Tariff Number under which the duty will be assessed The Customs Duty under which the duty will be calculated The total Assessable Value of the goods on which the duty will be calculated The Rate of Basic Customs Duty as applicable on the goods as per duty code of the Customs Tariff Basic Duty Amount calculated on the Assessable Value of the goods and defaulted If the goods are exempted from duty then the user can mention the Exemption Notification under which the goods are exempted This displayed amount is the total of Assessable Value plus Basic Duty Amount and on this amount the Additional Duty will be calculated The Rate of Additional Customs Duty as applicable on the goods as per duty code of the Customs Tariff Additional Duty Amount can be calculated on the Additional Value and displayed 3 42 Oracle Financials for India User Guide Field Description Type Action Description Assessable This is the Additional Duty Amount based on which the CVD Cess Value would be calculated Rate Required CVD Cess Rate as applicable on the goods as per the duty code of the Customs Tariff Amount CVD Cess amount For Required Opt ional Surcharge Duty For Surcharge Cumulative Amount on which Surcharge duty is calculated Value Rate Required ENTER The Rate of Surcharge as
138. Agreement save and close the Standard Application Form Creating PO Releases In India Local Purchasing Responsibility navigate to Purchase Orders gt Releases Localized The user can move to the Tax Form and verify whether the tax lines are defaulted as per the tax specified in the Blanket or Contract Agreement 2 44 Oracle Financials for India User Guide e Whenever you change the quantity in Releases Base Apps screen the user needs to navigate to Releases Localized screen and should click Apply in India Local Tax Details so that the taxes are recalculated based on the changed quantity PLA Manual Entry PLA Manual Entry is a View Entry form that can be used to View Enter the Manual PLA transaction It displays on query all the transactions that have an entry in the PLA Register Each Inventory Organization is considered as Excise Unit Thus you need to specify the Organization Name and Location both for querying amp for making manual entries into the Register Querying can be done based on certain fields on the Entry Block and also Transaction Details block India Local Purchasing Registers PLA Manual Entry Use the details given here to create a manual entry in PLA Register The screen s field wise description and its feature are described below for ready reference Field Description Type Action Description Operating Unit Required EDIT You have to select Operating Unit from the LOV HELP PICK Organiza
139. Applications Revenue Recognition Program does not post a tax line if it does not have a revenue attached and hence if resubmission option is used for a record post GL Posting then such record remains as an unposted tax line amp interferes with period closing In case of such event happening the only option is to mark such tax line as posted with a data fix amp pass manual entries for the tax amount in GL Resubmission of a record post GL Posting will not result in processing of the record amp will remain stuck in the form The only option post GL posting is to delete the record using this Form amp pass manual Debit Memo for the tax portion to rectify the receivable amount With the current architecture GL Posting is stopped for a transaction if the taxes are found to be stuck in the above form GL Posting would show the following error AR ARGLTP 20131 ORA 20131 India Taxes found in ja_in_temp_lines_insert table You need to either get the taxes processed or deleted post necessary correction of receivable amount prior to GL Posting such stuck records Using Sales Tax Declaration Forms Receipt Tracking Sales by Registered Dealers to Registered Dealer would be eligible for Concessional Rate of Sales Tax This would require identification of transactions that are eligible for 5 72 Oracle Financials for India User Guide such rates Also the Declaration Form to be issued by the Buyer in order to avail such rate You can
140. BOE has to be applied for the Receipt if the receipts tax line are having customs type of taxes Match Unordered Receipt The Unordered Receipts needs to be matched to a Purchase Order later CENVAT credit on Unordered Receipts can be claimed only once the Receipt is matched with a Purchase Order In the flex field user needs to select India Receipt as the context value and record the Excise Duty paying document details Navigation Receiving Match Unordered Receipts The Excise related information like Excise Invoice Excise Invoice Date and Claim CENVAT on Receipts would be entered Receipt Localized window CENVAT Credit cannot be taken for Unordered Receipt on Receipt of the Goods Credit can be taken only on matching the Unordered Receipts with a Purchase Order Query the Receipt from Receipt localized window and provide Excise information to claim The provision for Tax Corrections at the time of Receipt is not available for Unordered Receipts Hence User need to ensure that the Purchase Order has the actual tax figures India Localization Receipt Details India Local Receipt Details form summarizes taxes Excise Registers both quantity and 2 58 Oracle Financials for India User Guide amount Accounting Costing and BOE details of receiving transactions 1 Navigate to India Local Purchasing gt Receiving gt Receiving Transactions Summary 2 Query the transaction to display the Receiving Headers Summary window 3
141. Bond Amount and the Balance Amount For Excise related transactions from the Order Management Module you need to specify the Order Type intended to be associated with the selected Excise related transaction Any number of Order Types can be associated to one single Excise related transaction For Excise related transactions mapped through the transaction Localized Menu of the Receivable Module you need to associate the Excise related transaction to the Transaction Source Any number of Transaction Sources can be associated to one Single excise related transaction The transaction batch source is selected against the option of Invoice in this field e Same Order Type Transaction source cannot be mapped to different Excise related transactions You need to map your business requirements by considering the localization setup that 4 28 Oracle Financials for India User Guide needs to be carried out for mapping the Excise Related Transactions e Attachment of Order type to Domestic without Excise or Trading without Excise would mean that Excise Invoice Number for such transaction is not required This Setup was mandatory for Tracking ST Forms earlier and is no longer mandatory for form tracking e When Using Master Organization setup for generating Excise Invoice Numbers at Master Organization level It is mandatory to setup the Order Type at both Child Organization and at Master Organization for getting the Correct Excise Invoice N
142. Click Transactions to display the Receiving Transaction Summary window 4 Click View gt Zoom to display India Local Receipt Details window In the Header Block Field Description Receipt Number Unit of Measurement Quantity Transaction Type Tax Amount Cenvat Amount Item Class Excise Invoice Number Excise Invoice Date Processing Status Description Receipt Number that is queried will be displayed here UOM of the Item will be displayed here Quantity of the Item received will be displayed here Transaction Type will be displayed here Total Tax Amount of the Receipt Tax line will be displayed here Cenvat Amount of the Receipt Tax Line will be displayed here Item Class of the Item Received will be displayed here Excise Invoice Number of the Vendor will be displayed here Date of the Excise Invoice will be displayed here This field displays process status related to Non Cenvat Taxes included in the Receipt This field displays following values E Implies error during processing Y Implies successful completion of the program X means that taxes are not applicable to the receipt line O Implies missing setup India Local Purchasing 2 59 Field Description Description Cenvat Process Status Process Message Cenvat Process Message This field displays process status related to cenvat taxes included in the receipt This field displays following values E I
143. Common Application would be available for setup While creating the Additional Organization Information it is mandatory to create two sets of records one at Null Location level and another with Location The master child relationship among the Organization and Location would be used only for consolidation of Excise Registers at Master Organization Level For further information see Defining Organization Additional Information page 1 4 Define Organization Trading Information You would enter the information of the Organizations registered under the Central Excise Rules as a Dealer Depot Navigate to Trading Information Tab of the Additional Organization Information to enter Excise Registration details of a Dealer The information entered here would be printed on all relevant reports and invoices raised from this Organization You would ensure that no values are entered in any of the fields falling under the Excise region of the Tax Information tab of the Additional Organization Information Any value entered in this region would categorize this Organization as a Manufacturing Organization For further information see Defining Trading Registration Details page 1 8 Define Excise Invoice Generation This feature can be used to automate the Excise Invoice document sequence generation You can setup a document sequence for the combination of Transaction Type Order Invoice Type and Register Type You can define an alpha alphanumeric value whic
144. D Register would be hit only when the Trading item is transacted in a trading Organization For further information see Defining Item Information page 1 66 e Define Tax Codes The Tax Definition is a localization feature to define taxes that are applicable to the transactions created in your Organization The Taxes can be classified in different Types The Type would be useful to recognize the relevance of the tax for the Excise Registers Sales Tax Form generation and TDS Certificate generation The Type chosen would also have influence over the behavior of other boxes in this form You can specify the Tax Rate Surcharge Recoverability Rounding Rule Expense Account Code Tax Third party Vendor Multi currency and Effective Period for the Tax In a multi organization setup Taxes would be specific to an Organization On choosing the Taxes Localized option from the menu you would get the list of Inventory Organizations to choose from The tax defined can be used only for the Organization for which it is defined Taxes once saved cannot be updated For further information see Defining Tax Codes page 1 78 e Define Tax Categories If you can identify your purchase and sales transactions into clear categories for which a similar set of taxes with similar precedence and calculation are applicable then you can group such taxes into a Tax Category In a Tax Category you can choose the Taxes along with the precedence order and calculation basis
145. DS Code attached in Invoice Distributions or with a TDS Tax Name attached in the TDS Thresholds Setup 2 On Validation of a Standard Invoice or a Prepayment Invoice When you validate a Standard Invoice or a Prepayment the Supplier would be debited to the extent of Tax Deducted by means of a Credit Memo while the Balance of Tax Authority would be increased by means of a Standard Invoice Thus balance due to the Supplier would be net of the Credit Memo created on Validation You should take adequate care to consider such Credit Memos while making the Payment to the Supplier India Local Payables 3 31 3 On Application of Prepayment Invoice to Standard Invoice When you apply a Prepayment to a Standard Invoice both are subject to Tax Deduction Invoices would be created for the reversal of the TDS deducted on the Prepayment This is done by creating e Standard Invoice for the Supplier e Credit Memo for the Tax Authority You need to ensure that Prepayment with multiple distributions each having a different TDS Section applicable should not be applied to a Standard Invoice To deal with such cases you have to create a Separate Prepayment Invoice for each of such Payments 4 Amount considered for reversal on Prepayment Application The following are e On applying a Prepayment to a Validated Standard Invoice considering both have TDS the TDS calculated on Standard Invoice is reversed e When the Standard Invoice has multiple
146. Date Sales Order Returns India Localized Users can create RMA Orders with localized taxes in the Order Management The taxes would be calculated for the RMA lines based on the Original Sales Order The RMA Order India Localized functionality allows the user to satisfy all requirements related to Tax calculation required for a RMA Transaction Users can create an RMA Order by giving e Reference to the Original Sales Order e Reference to the Invoice e Without giving any reference e Return Orders without Excise Component e Reference to the delivery line shipped 4 6 Oracle Financials for India User Guide Major Features of Sales Order Returns India Localized Defaulting Taxes to India Local RMA Orders You have an option to use Localization taxes while creating a return sale Order in the Order Management These taxes can either be defaulted based on the Tax Defaulting Rules or can be attached manually The automatic tax defaulting would be based Item Category assigned to the Customer Customer Site or based on the Item Class assigned to the Tax Category This is only applicable for the RMA Order created without reference and the reference is filled as Legacy For a RMA Order created with reference taxes are defaulted based on the original delivery and cannot be changed Auto picking of Delivery Detail ID in India Local RMA Orders Whenever a RMA Sales Order is created with reference Localization taxes would be based on the shipm
147. Details form to facilitate identification of the receipt Field Description Description Receipt Number Displays various receipts numbers of the capital goods item being shipped by the Sending Organization Receipt Quantity Displays the number of quantities received against the particular receipt Available Quantity Quantity available for application Receipt Quantity Sum of all Quantity Applied Excise Claimed Percentage Displays the percentage of excise duty claimed against the receipt for CENVAT purpose Amount Claimed Total Excise to be claimed 1 116 Oracle Financials for India User Guide Field Description Description VAT Claimed Percentage Displays the percentage of VAT claimed against the receipt VAT Amount Claimed Total VAT to be claimed Quantity to Apply Quantities to be shipped for the Inter Organization Transfer needs to be entered in this column against which receipt the transaction is to be carried out Apart from claiming the accrued CENVAT and VAT claims by matching the shipment to a Receipt rest of the process is same in the Sending Organization and in the Receiving Organization Closing the CENVAT Receipt Details form reduces the pending quantity available against the receipt Note Matching the receipt quantity also restricts modification of taxes in the tax screen Thus all activities with respect to taxes such as addition or modification should be completed before matching t
148. Duty Amount associated in the transaction LST Local Sales Tax Sales Tax Amount associated in the transaction Insurance Insurance Tax Amount associated in the transaction Freight Freight Tax Amount associated in the transaction Octroi Octroi Tax Amount associated in the transaction VAT Tax Value Added Tax Amount associated in the transaction Service Tax Service Tax Amount associated in the transaction Other Other taxes if any Other Tax Amount associated in the transaction Total Amount Total of the Purchase Invoice will be reported India Local Purchasing 2 77 India Receiving Accounts Report Submission Use the Submit Requests India Local PO Module form and enter India Receiving Accountsin the Name field to submit the report Report Parameters Organization Code Optional PICK Organization Code for which you wish to take the Receiving Accounts report for Receipt Number Optional Receipt Number of the above Organization you wish to display the transaction details or to display all Receipt Numbers Line Number Optional PICK This parameter is specific to the above parameter Line Number of the above Receipt you wish to view the transaction details or all Line Numbers of the above Receipt will be displayed Account Type Optional PICK Account Type you wish to display transaction details of particular Account Type or to display all Account Types details Transaction Type Optional PICK
149. Field Description Type Action Description Tax Authority Tax Authority Site Customer Name Customer Site Required Required Optional Optional PICK PICK PICK PICK Tax Authority under whose jurisdiction TCS Certificates needs to be generated Tax Authority site under whose jurisdiction TCS Certificates needs to be generated Customer for whom TCS Certificates that needs to be generated Customer Site for which TCS Certificates that needs to be generated Tracking of ST Forms Receipts Introduction You can use this feature to track sales tax concessional forms to be received from the customers On receipt of the form the details of the concessional forms received can be recorded in this window This form can be effectively used to monitor and track the Sales tax Forms that need to be received from Customers Basic Business Needs The ST Forms Receipt Tracking functionality lets you track the Concessional forms due from Customers You can e Setup Declaration Form names that have to be issued to avail the concessional rate of Sales Tax e Assigning Form Names to appropriate Tax Codes while defining these Taxes India Local Receivables 5 13 e Keep track of Invoices to against which Sales Tax Declaration forms have to be issued to the Supplier e Facilitates recording details of Forms received from Customer and the Invoices included in each form receipt e Pro
150. IT Order Number Order Line Optional EDIT Order Line id Qty Released Optional EDIT Quantity Received against the Order Qty Matched Optional EDIT Quantity Matched against the LC LC Type Optional EDIT The LC Type against which matching is done LC Number Optional EDIT The LC Number for which the record is being displayed Amount Optional EDIT The Amount matched against the particular LC To refer the Screen Navigate through India Local Order Management Letters of Credit Letters of Credit Master Amendment Button India Local Order Management 4 43 Field Description Type Action Description SL No Required EDIT SL No of the Amendment LC Number Optional EDIT LC Number against which Amendment is to be entered Amd Date Optional EDIT Date of Amendment Amd Amount Optional EDIT Revised New LC Amount Negotiation Date Optional EDIT New Negotiation Date as per Amendment Shipment Date Optional EDIT Revised Last Shipment Date as per Amendment Description Optional EDIT Description for the Amendment View Transactions To refer the Screen Navigate through India Local Order Management Letters of Credit Letters of Credit Master View Transactions Button Field Description SL No Customer Id Order Header Order Line Num Qty Released Qty Matched LC Type Type Display Display Display Display Display Display Display Action Descriptio
151. Important It is advisable to have single distribution line for return of material under 57F4 in order to update the 57F4 forms in an Inventory Location Using India Control over Printing of OSP Challans Overview This section gives brief overview of 57F4 Challan Printing and Control This feature enables you to control printing of 57F4 Challans It would restrict repeated prints of a Challans Control over printing of Duplicates would be controlled and Duplicate Challans would be marked as such In cases where the print could not be generated due to Printer errors authorized users can generate an original print Using India Control over Printing of OSP Challans Records in Approve 57F4 Dispatch window would be populated on Approval of a PO with Line Type as Outside Processing The user would check the accuracy of the Records and Approve the Dispatch and not the Form Number On approval a record would be populated in Print Control 57F4 window the Original in this Form would be set to Yes and the value in the Duplicate field would be set to No After approval the user would navigate to India Local Purchasing Reports Run to run the India Outside Processing Challan report The Form Numbers From and Form Numbers To fields would display only the unprinted Challans i e challans with either the Original or Duplicate status set to Yes in the View 57F4 Challan window On Printing the Challan
152. India User Guide Field Description Type Action Description Header Section Regime Required Description Required Short description of the regime Registrations tab Sequence Required PICK HELP EDIT PICK HELP EDIT In this section regime name description and effective dates of the regime is captured The LOV contains a new value Tax Collected At Source regime Short description of the regime This section captures the registration details of the regime These registration details are used in the reports that are generated You should enter the registration details in the registration value column by picking up the appropriate registration type and registration name You can capture as many registration details as required This is the sequence number of the registration types to be captured This may not be serially numbered You cannot use duplicate sequences India Local Inventory 1 47 Field Description Type Action Description Registration Type Required PICK HELP EDIT Pick appropriate Registration Type from Primary Registration Number Secondary Registration Number Others Registration Name Required PICK HELP EDIT Pick appropriate Registration Name from TAN No AR Receipt Class Batch Source Debit Memo Batch Source Credit Memo These registration details are applicable at the regime level and will default on all the org
153. Invoice Price List and Tax Mapping Type The Usability of the Quick fields Field Description Price List used for mapping between Price Lists OE and AR instances 5 28 Oracle Financials for India User Guide Field Description Assessable Price List Invoice Price List Tax used for mapping between Assessable Price Lists case OE and AR instances used for mapping to identify Invoices due to price changes in the case of standalone AR instances This will used to do mapping between Tax Codes Field Description Type Action Description Existing Name New Name Conversion Rate Effective from Date Effective to Date Required Required Optional Required Required PICK HELP PICK HELP ENTER ENTER ENTER This can be an Existing Price List or Tax Codes depending upon the Mapping type selected by the user This can be a New Revised Price List or Tax Codes depending upon the Mapping type selected by the user If any foreign currency Price List is considered for mapping then the user needs to specify the Conversion rate here This meant for the retrospective date from this the tax Price list has been changed This meant for the end date up to which the mapping will be done After entering the proper details the User needs to save this screen and system will generate a batch id Concurrent Request After enterin
154. Item UOM Transaction Type Supplier Invoice No Quantity in Receipt UOM Received Available Apply Quantity in Issue UOM Name of the Internal Customer will be displayed here Customer Number will be displayed here Shipped quantity will be displayed here Before matching this field will be blank and after matching this field shows the matched quantity Item code of the material shipped will be displayed here UOM of an item will be displayed here Transaction type like Receipts and Return will be displayed here Supplier Invoice Number for a particular receipt will be displayed here UOM of the item in the Receipt line will be displayed here Quantity received in a particular Receipt will be displayed here Available Quantity in a particular Receipt will be displayed here This represents the proposed match quantity This will be filled by the system for a Release Quantity if the User selected Automatic Matching The User can also enter number of quantity manually for matching UOM of the item in the Issue line will be displayed here 1 118 Oracle Financials for India User Guide Field Description Description Available Available Quantity in a particular Issue will be displayed here this is equivalent to Available receipt quantity Apply This represents the match quantity Receipt Number Receipt Number will be displayed here Receipt Date Receipt Date will be displayed here
155. Item Code of the Item shipped against the line covered under the delivery will be displayed 4 48 Oracle Financials for India User Guide Field Description Type Action Description Description UOM Shipped Warehouse Location Excise Invoice Display Number only Preprinted Invoice Number Register Tax Category Display only Tax Amount Display only Description of the Item shipped against the line covered under the delivery will be displayed The Unit of Measurement of the Item covered under the delivery will be displayed Quantity shipped against the line covered under the delivery will be displayed The Organization from where the goods were delivered will be displayed in this field The Excise Location from where the goods are delivered will be displayed in this field Excise Invoice Number for the Shipment will be displayed This Field can be used by clicking on the Pre Print Invoice Nos which will take From and To Numbers and populate all lines with the value The Duty paying Register selected for debiting the payment of duty will be displayed Duty will be debited to any of the duty paying Registers based on the priority specified in the Additional Organization Information screen Name of the Tax Category used for this line will be displayed Line Tax Amount will be displayed India Local Order Management 4 49 Field Description Type Action Description Lin
156. Line Amount Difference on account of Price changes will only be displayed here Excise amount Difference on account of Price Tax Assessable Price changes will only be displayed here Taxes other than Excise amount Difference on account of Price Tax Assessable Price changes will only be displayed here The Status like Invoice Raised and Not Raised will be displayed here Set of Book Name will be displayed here Customer Site Bill to will be displayed here India Local Receivables 5 33 Field Description Type Action Description Functional Currency Displayed Functional currency for a Set of Book will be displayed here Field Description Type Action Description Organization Displayed Organization Name will be displayed here Process date Displayed Process date will be displayed here Existing amount Block Existing Net Sales Displayed The Original Invoice Line amount will be displayed here Existing Excise Displayed The Original Invoice Amount Tax amount of excise type alone displayed here Existing other taxes Displayed The Original Invoice Taxes amount other than of Excise Type will be displayed here New amount Block New Net Sales Displayed The New Invoice Line amount will be displayed here New Excise Amount Displayed The New Invoice Tax amount of excise type alone displayed here 5 34 Oracle Financials for India User Guide Field Description Type
157. M Modules form and enter India Commercial Invoice Report in the Name field to submit the report Report Parameters Parameter Description Required Optional Action Organization Enter the Optional Pick organization from which delivery of goods is made Location Enter the location of Optional Pick the organization Customer Enter the customer Optional Pick name Order Invoice Quick field for this Optional field are Order and Invoice Invoice Commercial Invoices Required that the user wants to print India Excise VAT Invoice Template This report gives you the Invoice Template provided as an example of the Excise VAT Invoice that is to be generated Fields appearing in the report can be used as an example or base for Customer required output to generate and print Invoices You can use this template to customize your requirement of invoice printing as appropriate 4 56 Oracle Financials for India User Guide Note The format of the actual invoice is left to the manufacturer to decide and hence only a generic template is provided This report is primarily based on Shipping data and will not handle the following e Standalone AR Invoices entered through Transactions Localized e Invoices for Bill Only Workflow e Excise Invoice generated for RTV e Excise Invoice generated for Manual PLA and RG23A C RG1 entry Report Submission Use the Run Reports from India Order Management module to be invoked from the or
158. Number that was recorded for the transaction Invoice Date This field displays the Duty paying Document Date on which credit was availed India Local Purchasing 2 55 Field Description Type Action Description Vendor Name This field displays the Vendor Customer Name with whom the transaction was performed Apply BOE to Receipts In all Receipts where tax of type Customs Duty or Additional Customs Duty is defined in the tax lines the system will not permit saving the record without applying Bill of Entry BOE BOE Button will be enabled only when the receipts tax lines have tax type like Customs Duty Additional Customs Duty Payment towards Customs Duty need to be done through BOE Invoices in AP Module Invoices BOE Invoices At the time of Receipt Items need to be matched with the payment of Customs Duty paid on the item This is done by matching the BOE Invoice with the Receipt Matching is done on Item to Item basis Each Item where Customs type of taxes are attached Choose Apply BOE to indicate against which Bill Of Entry the Duty Amount was paid The Customs Duty is paid to Customs Authorities on the Bill of Entry Value before the Receipts of Goods You can record the BOE details using BOE Invoices feature in India Local Payables This will automate creation of a AP Invoice for the Customs Authority BOE created through BOE Invoices can be applied against a Receipt by using the Apply BOE form In the
159. ORACLE Oracle Financials for India User Guide Release 12 Part No B31522 03 December 2007 Oracle Financials for India User Guide Release 12 Part No B31522 03 Copyright 2006 2007 Oracle All rights reserved Primary Author Shekhar Jadhav Narasimha Pai Shivranjini Krishnamurthy Srinivas Gadde Pavan Raparla Mallikarjuna Gupta Bhogavalli R Sivaramakrishnan Anand Krishnan The Programs which include both the software and documentation contain proprietary information they are provided under a license agreement containing restrictions on use and disclosure and are also protected by copyright patent and other intellectual and industrial property laws Reverse engineering disassembly or decompilation of the Programs except to the extent required to obtain interoperability with other independently created software or as specified by law is prohibited The information contained in this document is subject to change without notice If you find any problems in the documentation please report them to us in writing This document is not warranted to be error free Except as may be expressly permitted in your license agreement for these Programs no part of these Programs may be reproduced or transmitted in any form or by any means electronic or mechanical for any purpose If the Programs are delivered to the United States Government or anyone licensing or using the Programs on behalf of the United States Government the follo
160. Open Invoice Import program with the Source as Advance Shipment Billing Notice After generating the ASBN invoice query for the Invoice Number given by the Supplier in the Invoice form in India Local Payables Responsibility Navigate to India Local Payables gt Oracle Payables gt Invoice gt Entry gt Invoices gt Query On querying the same the invoice will be found You need to run the concurrent India To Insert Taxes for Pay on Receipt to load the India Local Taxes to the Invoice distributions On completion of the concurrent Supplier taxes specified in the ASBN shall be defaulted to the ASBN Invoice Normal Invoice validation approval payment process can be adopted now to complete the Invoice process 10 14 Oracle Financials for India User Guide
161. Oracle Order Management India Localization This has been introduced to handle generation of VAT Invoice and pass requisite VAT Accounting entries for VAT type of taxes from Order Management This program captures Value Added Tax localization taxes in Shipments and inserts VAT Invoice Number in India Local Shipment Table and Entries in GL interface You have to schedule the concurrent to submit the request at suitable intervals Important Please make it mandatory to Schedule this concurrent program This concurrent can be invoked through India Local Order Management gt Reports Request gt Single Request gt Select India VAT Invoice Generation Accounting gt Schedule The field wise detail description of the screen and its feature are described below for ready reference Field Description Type Action Description Regime Required PICK You will have to pick the Regime here Currently only VAT Value Added Tax is available here EDIT India Local Order Management 4 11 Field Description Type Action Description Tax Registration No Required Organization Optional Location Optional Delivery From Optional Delivery To Optional PICK EDIT PICK EDIT PICK EDIT PICK EDIT PICK EDIT You will have to pick the Tax Registration Number that has been defined for VAT Regime here This LOV will display all Registration Numbers defined by you for VAT Regime You can
162. Organization name will be displayed here Will show you a LOV of Templates defined and available for picking up You can select items here and assign them to the template This is a query find facility to find items by name You can use this button to find the items after entering value in Items Like field Use this button to clear the query find criteria This field shows the items queried This field shows item description Click this checkbox to assign the template to the item India Local Inventory 1 77 Field Description Type Action Description Show Attributes BUTTON Check all Uncheck BUTTON All On clicking this button you can see and change attributes for that particular item However changes to a item would result in the same being removed from the template assignment This is a toggle key which will enable you to assign or unassign all the selected items Setting Up Tax Information Detailed explanation for the user is provided here for Setting up the Tax Information Defining Tax Names Codes You must define Taxes before you start using Oracle Financials for India Tax codes will be the basis for all localization tax calculations You should define all taxes applicable to your Organization Tax codes cannot be updated once saved However you can disable the tax by entering the End Date Thus you should adopt adequate caution while defining the taxes Prerequisites Be
163. Processing Material is required to be received in 180 days Other wise differential duty based on actual duty on goods not received has to be paid Approve 57F4 Dispatch Using this Form the user can find out the 57F4 dispatch Forms for a PO or a Vendor and the same can be Approved Form Approved in this Form is the Primary Form for a particular OSP PO System creates the 57F4 form comprising all the WIP Components required for the specific WIP Operation attached to OSP PO in the Outside Processing Details If the WIP Operation is the First Operation only the Components are to be dispatched to the Sub Contractor If the WIP Operation is the second or higher the intermediate assembly of earlier operations along with the Components required for the current operation need to be dispatched to the Sub Contractor Hence an additional item line with the PO OSP Item description is created in the 57F4 forms for such OSP Purchase Orders The PO OSP Item Description could be provided in such a way to identify with the Intermediate Assembly This is a specific workaround to meet the India specific OSP Excise requirement It is not mandatory to dispatch all the components or their full quantities in the Primary Form itself If the dispatches are done in a staggered manner the first batch could be dispatched through the Primary form Subsequent dispatches could be done through the Manual 57F4 Forms Transactions Outside Processing Approve 57F4 dispatch Fin
164. RG1 NA NA Adjustment Physical RG 23A Part 1 RG 23A Part 1 RG1 RG 23C Part 1 NA Inventory Adjustment Move Order RG 23A Part 1 RG1 RG1 RG 23 C Part 1 NA Issue WIP Component RG 23A Part 1 RG1 RG1 NA NA Return WIP Assembly RG 23A Part 1 RG1 RG1 NA NA Completion 1 2 Oracle Financials for India User Guide Transaction Type RMIN CCIN FGIN CGIN OTIN WIP Assembly Return WIP Negative Component Issue WIP Negative Component Return WIP Scrap Transaction Staging transfer of a sales order RG 23A Part 1 RG1 RG1 NA NA RG 23A Part 1 RG1 RG1 NA NA RG 23A Part 1 RG1 RG1 NA NA RG 23A Part 1 RG1 RG1 NA NA RG 23A Part 1 RG1 RG1 NA NA Organization Information Setup This section describes the setup procedures for Oracle Financials for India Inventory You must enter the setup information for your company before using Inventory Purchasing Order Management and Receivables Modules of Oracle Financials for India 1 Additional Organization Information page 1 4 2 Define Tax Information page 1 4 3 Define Trading Registration Details page 1 8 4 Define Accounting Information page 1 8 5 Define Organization Preferences page 1 15 6 Define Tax Calendar page 1 18 7 Define Excise Invoice Generation page 1 19 8 Define Sub Inventory Locations page 1 23 India Local Inventory 1 3 Defining Additional Organization Information The inventory organization information available in Additional Organizati
165. S until the first TDS Threshold slab is crossed At any point of time total TDS deducted would be as per the TDS Threshold setup slab amounts Based on the TDS Threshold setup Section Type Section Code and Threshold Setup Name will be defaulted Whether this is an exception setup or not will also be indicated Steps to be followed in defining Additional Vendor Information Open the Additional Vendor Information Screen India Local Payables 3 17 e Select the value of the Vendor from the List Of Values Don t select any value for the field Site e Save the record e Click the TDS Details Button e Select the value for the field TDS Vendor Type e Enter the value for the field PAN No This should be a 10 digit valid alphanumeric value Enough care should be taken while entering this value as the user will not be able to update this value once it is saved e The fields TAN No Ward No and Create Pre Approved TDS Invoice Credit Memo are optional fields Before saving the record the user should enable the check box Confirm Pan and then only save the record e Once the Null Site record is saved the user should requery the record and can then select the value for the field Default TDS Section and save the record The user can also observe that the TDS Thresholds setup details are getting queried in the Vendor Additional Information screen at the Null Site level e For creating a Site level record the user
166. Ship To Site Name of an Inventory Organization the user can view all the PO s raised for that Ship To Location By specifying a particular Buyer Name the user can view all the PO raised for that Buyer Important On Clicking Open Button in the PO Summary Localized window Purchase Orders Base Applications window would be opened The following column will be displayed in this Summary screen The field wise description of the form is given below for ready reference Field Description Description PO Number Release Number Line Number of the PO Shipment Number of the PO Type of the PO Item Item Description UOM Quantity Currency Price Purchase Order Number will be displayed The Release Number for the Purchase Order will be displayed Line Number of the Purchase Order will be displayed Shipment Number of the Purchase Order is displayed Type of the Purchase Order will be displayed in this field Item Code of the Item is displayed Item description is displayed Unit of the Measurement is displayed in this field Quantity transacted will be displayed in this field The Currency in which the transaction got recorded will be displayed Transaction Price is displayed in this field 2 74 Oracle Financials for India User Guide Reports Field Description Description Amount Quantity multiplied by Price will be displayed Tax Amount Tax Amount will be displayed in this field
167. T Invoice Number Excise VAT Invoice Date while creating ASNs ASBNs through iSupplier portal This information is vital for India Localization receipt processing and the Buying Company may require that when receipts are created out of these ASNs ASBNs the Excise VAT details be automatically populated to the relevant India Localization tables without having to re enter these details Suppliers also has an option of adding or modifying tax information while creating ASBNs through iSupplier portal This information is vital for India Localization receipt processing and the buying company may require that when receipts are created out of these ASBNs the tax details be automatically populated to the relevant India Localization tables without having to re enter these details This involves overriding the taxes specified at the PO level Create Advanced Shipment Notice ASN page e Additional fields are provided in the iSupplier Create ASN Shipment Header page to capture the Excise Invoice Excise Invoice Date details e On submitting the ASN these details are interfaced to Purchasing to make it automatically available in the Receipt DFF Create Advanced Shipment Billing Notice ASBN page e Additional fields are provided in the iSupplier Create ASBN Shipment Header page to capture the Excise Invoice Excise Invoice Date details e On submitting the ASBN these details are interfaced to Purchasing to make it automatically available in the Receip
168. TDS Credit Memo The TDS Credit Memo has to be set on a similar fashion except for Batch Source Tab Navigate to India Local Receivables gt Oracle Receivables gt Setups gt Transactions gt Sources Setting Up Concurrent Programs e India Local Concurrent for processing order lines to AR e India Importing Excise Invoice Numbers to AR e India ST Forms Receipt Processing e India Program to Generate eTCS Quarterly Returns e India Program to Generate eTCS Annual Returns India Local Receivables 5 51 India Local Concurrent for processing order lines to AR The India Local Concurrent for processing order lines to AR program handles localization tax flow from Order Management to Receivables This program captures localization taxes in Shipments and inserts Tax lines in AR Invoices and Credit Memos imported from Order Management You have to schedule the concurrent to submit the request at suitable intervals Please make it mandatory to Schedule this concurrent program The concurrent AR Tax and Freight Defaultation would automatically run to Insert Tax lines in AR Invoices created manually India Local Receivables Reports Other Submit Requests Select India Local Concurrent For Processing Order Lines to AR Schedule Important You can schedule this concurrent either for the current Operating Unit or for all Operating Units In order to run this for all Operating Units enter Yes in Process for All Operating
169. Tax Categories and attach them to a Item Category List On running the program the system will follow the localization defaulting logic to check the revised tax applicability The Taxes will be defaulted and recalculated accordingly Optionally you can map Tax Categories in the request parameters to replace the existing Taxes with the Taxes in the new Category The Mass Tax Recalculation feature can be used to apply Additional CVD to existing 2 22 Oracle Financials for India User Guide open transactions Maintaining History of Processed Records After every run of the program the system administrator can query for the records that are processed and check the old Tax Category and the new Tax Category error codes for the records that are left unprocessed Transactions Handled Oracle Financials for India is designed to handle tax defaulting and calculation for the transactions entered by the user in Requisitions RFQ Quotations Purchase Orders PO Releases and Receipts Apart from the transactions created manually when a transaction is created based on any other document Taxes are also copied from the Source Document This section lists such Documents Source Documents and the events Requisitions e Default Localization Taxes on creating Requisitions manually from Requisitions Localized window e Creation of RFQ from Requisitions Localized using Auto Create window e Creation of Standard Purchase Order from Requisitions Loc
170. Tax Target Amount not equal Matched Amount U Unmatched ST forms details When Matched Amount is 0 Party Optional PICK Enter the party for which you wish to take the Sales Tax Forms Customer Report It displays a list of Customer Names for those Customers for whom Localization setup is done If not entered it will result in picking of all Customers where details are available Party Site Optional PICK Enter the party site for which you wish to take the Sales Tax Forms Customer Report It displays a list of Customer Sites for which Localization setup is done If not entered it will result in picking of all sites pertaining to the Customer based on details available Organization Optional PICK Enter the Organization for which you wish to take the Sales Tax Forms Customer Report It displays a list of Organizations for which Localization setup is done If not entered it will result in picking of all Organizations based on details available Location Optional PICK Enter the Location for which you wish to take the Sales Tax Forms Customer Report It India Local Receivables 5 83 displays a list of Locations for which Localization setup is done for the Organization selected earlier If not entered it will result in picking of all locations based on details available Report Headings Report headings provide you with general information about the contents of the report Oracle lists Organization Information based on User par
171. Tracking Overview Purchases made by Registered Dealers from Registered Dealer would be eligible for Concessional Rate of Sales Tax This would require identification of transactions that are eligible for such rates Also the Declaration Form to be issued in order to avail such rate has to be tracked You can issue Sales Tax declaration forms for each of the transactions Oracle Financials for India provides you with a feature to define Form Names Define Taxes with Declaration Forms attached Tracking Invoices for which these Forms have to be issued 3 46 Oracle Financials for India User Guide Record details of Forms issued and query and view the Form details Prerequisites Before creating the Transactions with Concessional Rates of Sales Tax following setup needs to be done e Define Form Names e Define Taxes with Form Names attached e Define Supplier Additional Information e Define Tax Categories with this Tax Code e Define Item Categories with this Tax Categories Before recording details of Concessional Forms to be issued to Supplier following needs to be done e Complete Purchase Orders Receipts with Sales Taxes with Form Names attached e Create Invoices for these PO s Receipts e Ensure that Invoice Distributions are created to account for Localization Taxes e Validated the Invoice e Submit India ST Forms Issue Processing Recording details of Sales Tax Declaration Forms To record details of Sales Tax De
172. Trading Registration Details page 1 8 Define Excise Invoice Generation This feature can be used to automate the Excise Invoice document sequence generation You can setup a document sequence for the combination of Transaction Type Order or Invoice Type and Register Type You can define an alpha or alphanumeric value which would be prefixed to the number series generated for each Excise Invoice The setup would be restricted to the Order or Invoice Types for which it is created For all other Excise Invoices which are created using Order or Invoice Types for which setup has not been made the system use the default number series This would be a numeric series starting with one increased by one The sequence would be different for each Organization or Location and the nature of clearance Within the Organization the sequence would be different for the Domestic clearances and Export Clearances For further information see Defining Excise Invoice Generation page 1 19 Define Sub Inventory Location As a part of localization setup sub inventories have to be associated to a combination of Organization or Location Excise related transactions and records would be updated India Local Inventory 1 63 only for those sub Inventories that are identified as bonded for Manufacturing Organizations and as traded for Trading Organizations For further information see lt Defining Sub Inventory Location India Local Inventory Chapter gt Define Loc
173. Transactions Localized functionality lets you satisfy all your needs related to Tax India Local Receivables 5 1 calculation required for an Accounts Receivables Transaction You can e Define Item categories to Customer and Customer sites This would be the basis for taxes defaulting to Transactions e Assign assessable prices to items This price would be the basis for excise duty calculation The Assessable Price lists can be attached selectively to Customer Sites e Create Transactions from Localization window This would automate tax defaulting and calculation e Taxes so defaulted can be changed by the user e Payment Register is defaulted based on the precedence logic and can be changed manually if required e User has an option to enter pre printed Excise Invoice Number against such Invoice generated for the sake of printing or future reference e Import transactions by running auto invoice program This would default taxes defined for a Sales Order to Transactions Localized e Match Receipts in case of Trading Organization to pass on the Excise Duty Credit to the transaction e Generate sequential Excise Invoice number e Update the excise registers Based on the set up in Bond register excise transactions will get recorded in the respective excise records and excise Invoices can be created e VAT taxes can be attached if the Invoice has lines with Inventory item which has been defined as VAT attribute Applicable
174. Value of Item to be paid for OSP item Total Excise Duty Totals for Vendor Location and Organization Report is printed in the order of Vendor name Due date Form number and Item description India OSP Pending Receipt Report This Report gives you the unapproved 57F4 Receipts in an Organization Location for a given period of time and a given Vendor The output is listed Work Order Number wise Report Submission Use the Submit Requests INV amp PO Modules form and enter India OSP Pending Receipts Report in the Name field to submit the report Report Parameters Organization Mandatory PICK HELP Enter the Organization for which you wish to take the Unapproved OSP Receipts Report for Location optional Enter the Location for which you wish to take the Unapproved OSP Receipts Report for Vendor Name Skip for all Oracle Financials for India prints the 57F3 Forms for this Vendor only if you enter a value for this parameter From Date Oracle Financials for India prints all the OSP items Unapproved starting with the Date you enter for this parameter To Date Oracle Financials for India prints all the OSP items Unapproved upto the date you enter for this parameter Report Heading Provides you with general information about the contents of the report Oracle Financials for India prints Organization related Information Report Date and Sheet India Local Purchasing 2 93 Number on all pages along with report hea
175. Where you have specified both Percentage and Amount Tolerances then both will be applied on the Invoice and the Minimum of the two is considered as the Tolerance Limit Tolerance Charge account _ Id You need to specify the GL Account to which the Rounding amount should be debited credited View Resubmit Delete Error Tax Lines Overview The concurrent To insert tax distributions for pay on receipt for processing of tax Lines for ERS Invoices created based on Purchase Receipts runs in batch mode Whenever some of the tax lines remain unprocessed due to some error the error message is captured by localization This feature provides with an option to view these error records and corresponding messages and mark them eligible for Reprocess You would also have an option to delete these records To view the error records navigate to India Local Payables India Localization Other India Resubmit Taxes for Pay on Receipt The form shows Invoice Number Number of distribution Lines Invoice Date Error Date Invoice Amount Vendor Name Vendor Site Code and Error Message for all Tax Lines grouped by Invoice Number that have ended in an error during India To Insert Taxes For Pay On Receipt program The user can check the records for resubmission either one or all at a time If you would like to resubmit only one record then you have to check the Re Submit checkbox on the line In you wish to resubmit all records and then
176. X By enabling this flag the tax transaction lines can be updated or modified whenever any changes are required at the transaction level CESS age Optional Cess on TDS Start Date End Date Optional EDIT HELP By default the start date is always PICK current date and end date should be greater than the start date or it can be left blank The period between start and end date specifies the effective period of the tax and when the end date is null then it is in effect indefinitely from the start date If you enter end date for a tax then the tax will become ineffective from that date Defining Tax Categories This is a mandatory setup to enable Tax defaulting and automatic calculation at the transaction line level Tax Categories will be based on the taxes that will be applicable to the transaction and the Tax Base Amount calculation will be determined You can associate an Item Class to the Tax category This Tax category will apply to all India Local Inventory 1 89 items under this class Tax Category is a group of relevant Tax Codes with precedence applicable to them Prerequisites Before you enter the Tax Categories you must e Define Organizations e Define Locations e Assign Organization to Locations e Organization Additional Information In Oracle Financials for India navigate to Setup gt Tax Setup gt Tax Categories The table provides field wise descriptions of the Tax Categories screen Field Desc
177. a User Guide would enable defaulting and calculation of Localization Taxes The defaulting would be based on the Three way defaulting logic followed for Oracle Financials for India i e based on Supplier Supplier Site or Item Class You can alternatively create a Quotation from an RFQ The Localization Taxes would flow to Quotation if such RFQ is created from RFQ Localized window For the Purchase Orders created from India Local Quotations taxes would flow to the same You can navigate to Standard Applications Quotations Entry window by clicking on the Open button of India Local Quotations On closing this form after entering and saving the details the same would flow to India Local Quotations The Tax Amounts in this form would default from the India Local Tax Details window India Local Quotations is a view form and the data in this window is defaulted from the Standard Applications Quotations and India Local Tax Details Creating Quotations In India Local Purchasing Responsibility navigate to RFQ s and Quotations gt Quotations Localized Functionality of the India Local Quotations window is similar to India Local RFQ and you need to follow the regular functionality of Standard Applications while entering data in the Standard Applications Quotations form Purchase Orders Localized India Local Purchase Orders is designed to meet the requirements related to Tax defaulting and calculation for a purchase transaction The Purcha
178. ables 3 29 Setting Up India To insert taxes for Pay On Receipt A New concurrent program India To insert taxes for Pay On Receipt has been added to Oracle Payable India Localization This has been introduced to handle localization tax flow from Purchasing to Payables This program captures localization taxes in Receipts and inserts Tax lines in Invoice Distributions for the ERS Invoice created from Purchasing You have to schedule the concurrent to fire the request at suitable intervals The exiting concurrent India To Insert Tax Distributions would run to Insert Tax lines in Invoice Distributions on matching Invoice to PO or Receipt India Local Payables Concurrents Submit Requests Select India To insert taxes for Pay On Receipt Schedule Setting Incompatibilities This program should be set incompatible to Payables Open Interface Import Itself Note You have an option to submit this concurrent to process records relating to the current Operating Unit or for All Operating Units You can process records for all Operating Units by selecting Yes in Process For All Operating Units parameter Setting Incompatibilities to Concurrents in India Localizations Payables Approval of TDS and Credit Memo Set this program Incompatible to e Itself e Payables Open Interface Import Managing TDS Transactions This Section elaborates on the effect of TDS setup on Actions applied to an Invoice You can see the
179. acknowledged Enabling the Allow negative balances in PLA checkbox in the Additional Organization Information screen allows you to run his PLA Account with negative balances The Excise Duty liability needs to be adjusted on fortnightly basis and an RG Consolidation screen is provided to adjust the Credit Balance available in CENVAT Accounts while working out the actual amount that needs to be paid on account of Excise Liability You can specify the amount that needs to be maintained in the CENVAT Accounts and PLA Account on completion of the transaction Accordingly the system will make Debit Entries in the CENVAT registers and Credit entries will be generated in the PLA Register For the balance amount system will create a PLA Invoice Important The RG Consolidation functionality is not supposed to be used for creation of Positive balance in PLA 5 18 Oracle Financials for India User Guide This is to be only used to make the Negative PLA Balance to Zero by consolidating the Positive Balances available in RG 23A amp C Registers or making a payment for the Negative PLA Balance after consolidation The backdated RG Consolidation feature lets you specify a Consolidation Date and will only return those transactions or balances that were created till the supplied date To be able to do this you must have enabled the Ve Balance in PLA checkbox for the Organization Location combination by navigating to the Accounting Info tab under India Loc
180. acle Financials for India i e based on Supplier Supplier Site or Item Class You can alternatively create a RFQ from the Requisitions The localization taxes flow to RFQs if such Requisition is created from Requisitions Localized window For the Quotations created from India Local RFQ taxes flow to the same Click Open in the India Local RFQ window to create RFQs in the Standard Applications RFQ window This will take you to the India Local RFQ window the information entered in the Standard Applications window would be defaulted here along with the India Local Taxes Creating RFQs In India Local Purchasing Responsibility navigate to the India Local RFQ window from RFQ and Quotation RFQs Localized Functionality of RFQ s India Localization is similar to Requisition India Localization You need to follow the regular functionality of Standard Applications while entering data in the Standard Applications RFQ window Click Taxes to open the Tax Form to enter the Tax details in the same manner as mentioned in the Requisition form In India Local Tax Details window the tax lines are defaulted based on the Tax Category attached to the Item Class applicable to the Item or based on the Item Category list attached to the Supplier Supplier Site You would also have an Option to Add Tax Lines Manually Quotations Localized You can create a Quotation by navigating through India Local Quotations window This 2 40 Oracle Financials for Indi
181. actions for the Capital Goods As per the provisions of Excise Rules the manufacturer is permitted only to take 50 of the duty paid on Capital Goods at the time of receipt and the balance can be availed in the succeeding financial year The amount that needs to be claimed later will be accounted in this ledger account India Local Inventory 1 11 Field Description Type Action Description Customs write off Required RG Excise Rounding Required Cess Accounts Information Block Cess Paid Payable Required CESS RM Required PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT This Customs write off a c will be updated for a written off amount from Bill of Entry a c when ever amount is written off from BOE This field would be updated with the differential duty that needs to be adjusted in setting Excise Duty amount to the nearest rupee The information specified in this block would be used to account for the Cess on Excise taxes applicable to transactions in Procurement and Sale Specify a General Ledger account to be used in accounting for shipment Education Cess on Excise involved in Shipment transactions This account would be debits with the total Education Cess on Excise amount While the corresponding Duty Register account would be credited Specify a General Ledger account that would be used to Account for the Education Cess recovered on purchase of raw materi
182. against the respective fields This information will be used while generating the Excise related documents generated from the system User needs to ensure that he do not put any values in the Excise related information region of the main additional organization information screen which is meant for manufacturing Organization Location Range Details of the Jurisdictional Range Division Details of the Jurisdictional Division Zone Region Circle These fields can be used to key in additional Information that needs to be printed in the excise related documents generated from the system Collectorate ECC Number ECC Number allotted for the Trading Activities Excise in RG23D This flag enables to indicate whether the Receipt excise tax is inventorised or accounted to RG23 D account specified in the Organization Additional information setup If the flag is Checked Yes the Receipt Excise amount shall be Debited to the RG23 D Account on receipt of material If the flag is Unchecked Default the excise amount is added to the Inventory cost and debited to Inventory material account on Delivery of material Order Price Excise Inclusive This flag enables to indicate whether the Sales Order price for shipments from a Trading Organization Location is inclusive of the Excise tax If the flag is Checked Yes the Excise tax is not added to the Receivables when the AR Invoice is created after Autoinvoice and India Localization program to interfac
183. ainst a Requisition Receipts e Default Localization Taxes on Receipt when created from a Standard PO Blanket Release Planned Release from Receipt Localized Window Receipts RMA ISO e Default Localization Taxes on Receipt RMA Created from Sales Order Localized e Default Localization Taxes on Receipt ISO Created from Ship confirm Localized Returns e Default Localization Taxes of Excise Type on Returns created from Return to Vendor India window Unordered Receipts e Default Localization Taxes on Unordered Receipts when matched to a Purchase Order with Localization Taxes Claim CENVAT on Receipt Defaulting of Excise Type of Taxes included in the Receipt to Claim CENVAT on Receipts screen This happens only when e The CENVAT is not claimed on Receipt e Excise tax should be set as 100 CENVAT recoverable e EXCISE and MODVAT Flags for the Item are set to YES Encumbrance Accounting India Local taxes are stored separately in India Local tables this data is not visible to the Base application processes Hence base application encumbrance processes were not India Local Purchasing 2 25 considering India Local taxes while doing the Funds checking or generating encumbrance accounting Now India Local taxes will be considered in encumbrance accounting as the India Local tax amounts are interfaced into the base application encumbrance processes in a streamlined fashion without any change in the user proces
184. ake place 1 110 Oracle Financials for India User Guide OSP Issue e When the batch is closed you can go to the OSP transactions OSP receipts form and select a register and post the excise receivable amount to RG register Navigate to India OPM Process Execution gt Production Mgmt gt OSP Transactions Sub letting job work or Out Side Processing is a common business requirement Basic information regarding the OSP transaction is captured using this screen Vendor Name Form number is very vital Issue batch number is used as reference Only WIP warehouse can be an OSP warehouse Issue Ref No It can be selected from a lookup Lookup consists of all the batch numbers of production batches released and where the WIP warehouse is marked as OSP warehouse Date The date on which the above OSP issue is made Type Enter whether it is an OSP Issue or OSP Receipt PO Number It can be selected from a lookup Lookup consists of all the purchase order numbers where at least one line item is on inventory item or expense item for OSP labor charges Select Payment Registers OSP Receipt Navigate to India OPM Process Execution gt Production gt OSP Transactions gt B OSP Lines gt B Select Payment Registers This screen will show the balances available in all the three Registers RG 23 A Part II RG 23 C Part II and PLA You can enter the Excise amount to be debited will be entered here with break up Having done the entry
185. al This account would be credited on shipment when the excise liability arising from the shipment transaction is met by utilizing the Cess credit available in RG 23 A Register 1 12 Oracle Financials for India User Guide Field Description Type Action Description CESS CG PICK HELP EDIT Required Excise Cess Rounding Required CHECK BOX CESS Receivable Account PICK HELP EDIT Required Secondary and Higher Education Cess Information Block Specify a General Ledger account that would be used to Account for the Education Cess recovered on purchase of Capital Goods This account would be credited on shipment when the excise liability arising from the shipment transaction is met by utilizing the Cess credit available in RG 23 C Register Specify an account that would be used in accounting the rounding differences arising from the Education Cess on Purchasing transactions This account would be debited when the Cess rounding amount for the Excise Invoice is a negative amount Similarly this account would be credited when the Cess rounding amount for the Excise Invoice is a positive amount The GL Account specified here would be used in accounting for Cess included in purchase of Capital Goods As per the CENVAT Credit Rules the manufacturer is permitted only to take 50 of the duty paid on capital goods at the time of receipt and the balance can be availed in the succeeding financial y
186. al Inventory gt Setup gt Organizations gt Additional Information In the Register Preferences tab set up PLA as preference 1 While it is possible to do a backdated RG Consolidation without the mandatory setup but skipping it will result in negative RG Register balances post consolidation and the same cannot be rectified as it has cascading effect on balances registers and accounting Once the PLA Invoice is generated by the RG Consolidation transaction you must make the payment before submitting fresh transactions The system will disallow any subsequent RG Consolidation transaction till payment is made for the Invoice generated by the previous transaction Navigate to India Local Receivables gt India Localization gt Registers gt RG Consolidation Screen The field wise description for this screen is given below Field Description Type Action Description Operating Unit Required Pick Operating unit for which the RG Consolidation is being carried out Organization Required Pick Select Organization and Location Name Location Name name Consolidation Date The Date on Consolidation needs to be recorded Previous System will display the Previous consolidation date Consolidation Date Closing balance as on The closing balance of different date duty paying registers as on date will be displayed in this field Closing balance as on The closing balance of different consolidation date duty paying registers as on con
187. al field and if the user decides to enter the tax lines for a Vendor manually it can be left blank In case of Excisable products assessable value on which Excise Duty is calculated is not the basic Sales Price Then the user need to specify whether Assessable Value for a particular Item have to be considered or not in the price list column of Vendor Information India Form Only the Excise Duty will be calculated on Assessable Value and the other Taxes will be actual Invoice Value India Local Purchasing 2 33 Field Description Type Action Description Create pre approved You have to enable this check box TDS Invoice and at Supplier Site level if you Credit Memo require the Credit Memo and Invoices generated for TDS transactions to be pre approved You would also have an option to enter this value at the Supplier Null Site Level In such a case the TDS Invoices amp Credit Memos created from any of the Sites would be pre approved Unless the setup for a specific Site does not have this check enabled VAT Tax Block Reg No Optional EDIT Specify the VAT Registration Number applicable to the Supplier Site Assessable Value Optional PICK You can select from the list of Price Lists The price specified in the list here would replace the Line Amount while calculating VAT Taxes Service Tax Block Reg No Optional EDIT Specify the Service Tax Registration Number applicable to the Supplier Site Settin
188. alization Item Information The recording recoverability and reporting of Localization Taxes would depend on Oracle Financials for India related information setup for the Item These values have to be entered in Oracle Financials for India context of the Items DFF attached to the Item Master Excise Registers would be updated only when the Excise Flag is set to YES Similarly considering CENVAT Credit and updating the Excise Registers for a Receiving transaction would happen only when the MODVAT flag is set to Yes The option chosen in the Item Class attribute would be the basis on which the type of Excise Credit Register that has to be hit Items classified in the other classes such as OTIN OTEX would not be update Excise Records The Trading Flag works together with the Organization Trading Information setup RG23D Register is hit only when the Trading item is transacted in a trading organization For further information see lt Defining Item Information India Local Inventory Chapter gt Define Inter Organization Relationship Inter Organization relation needs to be assigned before carrying out the transactions Inter Organization relations can be defined through the Shipping Networks Form in the India Local Inventory Responsibility Define Tax Codes The Tax Definition is a localization feature to define taxes that are applicable to the transactions created in your Organization The Taxes can be classified in different Types T
189. alization iSupplier support provides a new button viz View Update IL Info in this page On clicking on the button will take you to the View Update India Tax Page where you can enter the Excise Invoice Number and Date if the shipment has Excise Type of Taxes The Excise Invoice Number and Excise Invoice Date entered on this page will default on the India Receipt DFF when Buyer creates the Receipts against this ASBN You can also modify the Taxes defaulted from the Purchase Order or add new taxes if required Please note that the taxes specified by you are the final taxes and the same cannot be modified at the time of Receipt by the Buyer If the PO has any third party taxes they shall also be defaulted to the ASBN page but they can only be viewed here no modification deletion is allowed for such taxes After the changes are done you need to press the Apply Changes button to save the changes Ignore Changes button shall clear all the changes done You need to press the Complete button to complete the process and make the ASBN available for interfacing into Receiving Tables You have the option to go back to the Shipment creation process without pressing the Complete button In such an event the ASBN will be ina status Partially processed and it will not be interfaced to the Receiving transaction interface and hence will not be available for receiving You can query the ASBN again using the View Cancel Advance Shipm
190. alized using Auto Create window e Creation of Standard Purchase Order from Requisitions Using Auto Create window Taxes will be defaulted on the SPO though no taxes are attached to Requisition This will work only when the Tax Override flag is enabled for the Supplier Site e Creation of Planned Purchase Order from Requisitions Localized using Auto Create window e Creation of Blanket Release from Requisitions Localized using Auto Create window for Blanket Purchase Agreement e Localization Tax defaulting on Requisition import RFQ Default Localization Taxes on creating RFQ from RFQ Localized window Taxes will defaulted only from item class 3 level tax defaulting is not supported for RFQ Quotations e Default Localization Taxes on creating Quotations manually from Quotations India Local Purchasing 2 23 Localized Window e Creation of Quotation from RFQ Localized e Creation of Standard Purchase Order from Quotations Localized using Copy Document Tools Copy Document e Creation of Planned Purchase Order from Quotations Localized using Copy Document Tools Copy Document e Creation of Blanket Purchase Agreement from Quotations Localized using Copy Document Tools Copy Document Quote Analysis e Default Localization Taxes on Quote Analysis created from Standard Quotations Localized e Calculate Per Landed Cost on Quote Analysis created from Standard Quotations Localized Standard Purch
191. alues and their meaning please refer the detailed discussion above It is recommended that you define the following templates before hand amp the same can be then attached to items as necessary Template Name Item Class Excisable VA Recoverable T Applicable Raw Materials VAT RM Y Y able Recoverable Template Capital Goods VAT CG Y Y able Recoverable Template Finished Goods VAT FG Y Y able Recoverable Template India Local Inventory 1 71 Template Name Item Class Excisable VA Recoverable T Applicable Other Goods VAT OT Y Y able Recoverable Template Raw Materials VAT RM Y N able Non Recoverable Template Capital Goods VAT CG Y N able Non Recoverable Template Finished Goods VAT FG Y N able Non Recoverable Template Other Goods VAT OT Y N able Non Recoverable Template Raw Materials VAT RM N Y able Recoverable Template Capital Goods VAT CG N Y able Recoverable Template Finished Goods VAT FG N Y able Recoverable Template Other Goods VAT OT N Y able Recoverable Template Raw Materials VAT RM N N able Non Recoverable Template 1 72 Oracle Financials for India User Guide Template Name Item Class Excisable VA Recoverable T Applicable Capital Goods VAT CG N N able Non Recoverable Template Finished Goods VAT FG N N able Non Recoverable Template Other Goods VAT OT N N able Non Recoverable Template Field Description Type Action Description Folio No Op
192. ameter input Organization Name Address on the Top left Corner Organization s LST Registration Number and CST Registration Number on the Top Right Corner Column Headings Party No Customer Number to whom the Sale was made Name of Customer Name of Customer to whom the Sale was made Customer site Name of Customer Site Order Number The Sales Order Number is displayed in this column for a Auto Invoiced Invoice For a manual AR Invoice it displays N A Order Date The Sales Order Date for the Sales Order associated with the Invoice is displayed in this column for a Auto Invoiced Invoice For a manual AR Invoice it displays N A Invoice Number Invoice Number of the Invoice is displayed here This is same as the Transaction number available in AR Invoice Date Invoice date of the Invoice is displayed here This is same as the Transaction date available in AR Excise Invoice Number Excise Invoice Number for the Invoice is displayed here This is based on the Excise Invoice Number available in AR Excise Invoice Date Excise Invoice Date for the Invoice is displayed here This is based on the Excise Invoice Date available in AR Invoice Amount Displays the Total Invoice Amount of the Invoice It includes Line amount and tax amount 5 84 Oracle Financials for India User Guide Item Description of Item sold Form Type Displays the Sales Tax Form type attached to the tax Tax Rate Sales tax rate for the
193. anizations that are assigned to this regime However you can change the default values at the organization level To implement SHE Cess Solution Regime Registrations for Service Tax and Tax Collected at Source needs to be updated with the SHE Cess Tax Type Accounts To update TCS Regime access Regime Registration form from India Local Receivables gt India TCS VAT Service Tax gt Setup Regime Registrations Note It is advisable to use different Accounts for TCS SH Education Cess Tax Type Interim Liability Account and Liability account Define Registration Details Organizations have to register with various TCS Authorities The registration are the basis for all settling tax liability and tax repository updates You can setup TCS registration details using TCS Regime If the TCS Registration varies by organization you have the option to change the default values at the organization level To create TCS Registration Details access Regime Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations gt Registrations e TCS tracking or reporting for Organization is based on the TAN Number defined Hence it is mandatory to define the correct TAN number for the organization You must not attempt to change the 1 48 Oracle Financials for India User Guide TAN Number e For entry of Advance Receipts Receipt Class entry is required The Zoom feature is enabled only for the Receipt
194. ansfer the supplementary Invoices to the AR transaction screen and needs to run the Auto Invoice Program to raise the Supplementary Invoice Credit Memo Proper transaction sources needs to be defined in receivables for supplementary transactions For set up please refer to the post installation setups If you wish to consolidate two or more supplementary Invoices or Credit Memos you must enable the consolidate checkbox after marking the respective transaction lines The transactions to be consolidated should have the same transaction currency otherwise the consolidated Invoice will be incorrect 5 38 Oracle Financials for India User Guide Reports Receivables generates these reports for India Supplementary Transaction Details Report Lists Supplementary Invoices and Credit Memos raised or to be raised for the Original Invoice Supplementary Invoice Consolidation Report Lists the Consolidated Supplementary Invoice raised for the period Duty Drawback Processing Drawback means the rebate on duty chargeable on any imported material or excisable material used in manufacture or processing of goods that are manufactured in India and exported out of India The duty drawback is equal to sum of Custom Duty paid on Imported Inputs Excise Duty paid on Indigenous Inputs No Duty Drawback is allowed if The input is obtained without payment of any Custom Duty under various exemptions schemes OR CENVAT credit is claimed on the indigen
195. applicable on the goods as per duty code of the Customs Tariff Amount Displayed Amount of Surcharge calculated For Customs Cess Assessable Value Display This value is the sum of Basic Duty Amount Additional Duty Amount CVD Cess amount and Surcharge Amount This is the Amount based on which the Customs Cess would be calculated Rate Required ENTER Customs Cess Rate India Local Payables 3 43 Field Description Type Action Description Amount Optional Total Customs Displayed ENTER Duty Customs Cess Amount which gets calculated on the Customs Cess Assessable value for the Rate specified for the Customs Cess This indicates the total liability on account of Customs Duty payable to the Customs Authority Vendor On saving the transaction an Invoice will automatically get generated validated and ready for payment The payment may be made through regular Oracles Payables functionality BOE Write Off You have a facility to Write Off the Un applied BOE amount in a BOE Invoice which no longer to be applied against any Receipts You have to query for the BOE Number and activating the BOE Write Off button would display the BOE Write Off screen The added column to this BOE Invoice form in the Amount Block Filed wise description for BOE Write Off is given below Description Field Name Type Action Amount to Displayed Req Write off uired Write off date Required Write
196. apture and maintain account for the liability arising from the transaction Basic Business Needs The Capture PLA Payments feature in Payables helps you manage the Excise Duty liability settlement process Using this feature you can Capture the information required to update the PLA Register Account for the liability arising from the transaction Control on updation of PLA Register Important An AP Invoice would be generated on saving the Capture PLA Payment transaction Major Features PLA Payment Major features of PLA are mentioned below The net Excise Duty liability arising during the Month Period has to be settled by a payment made through TR 6 Challan The PLA Register would be hit when the payment is actually made to the Excise Authority and the user acknowledges this payment from the PLA Invoices Screen The Capture PLA Payment feature captures the information required for the updation of the PLA Register Creation of AP Invoice An AP Invoice with status Validated would be automatically created for the Total 3 4 Oracle Financials for India User Guide Amount on the Capture PLA Payment lines This would take care of accounting the liability arising from the transaction Acknowledging PLA Payment The PLA Register would be updated only when the PLA Payment is acknowledged The Acknowledgment is allowed only when the AP Invoice created for this transaction is fully paid Tracking of Sales Tax Forms Issues Over
197. are passed None of the Excise Registers will be updated when Claim CENVAT is Set to N e If Receipt Routing is Direct Delivery and Claim CENVAT on Receipts is Yes Excise Quantity and Duty Registers are updated and Accounting Entries are passed If the Claim CENVAT is Set to N then Receiving and Delivery Accounting Entries will be passed but Excise Registers will not be updated You can check for the successful completion of the above concurrent program by navigating through view request Auto Accounting using NEW Button A new Receipt can be created without closing Receipt localized form This can be done using NEW button on India Local Receipts screen Following message is populated when the user tries to create a new receipt using this path Accounting Entries and Excise Register Entries for the Receipt would be generated on accepting the message You need to ensure that the taxes are updated before creating a new Receipt View Accounting An option to view the Accounting Entries for Tax Accounting generated during the receipt is being provided You can use this option to verify accounting entries are generated for the Receipt properly Navigate to Tools gt View accounting In the Transaction Type segment you can select the transaction like Receive Deliver RTV etc and look for the accounting entries generated Field Description Type Action Description Account Type The user can look for Accounting Entries generate
198. ase Order e Default Localization Taxes on creating Standard Purchase Order manually from the Purchase Order localized Window e Creation of Standard Purchase Order from Existing PO using Copy Document e Creation of Standard Purchase Order based on Catalog Quotation using Catalog function e Creation of SPO from Requisition using Auto Create Window Planned Purchase Order e Default Localization Taxes on creating Planned Purchase Order manually from the Purchase Order localized Window e Creation of Planned Purchase Order from Existing PO using Copy Document e Creation of Planned Purchase Order based On Quotation using MRP Workbench when Approved Supplier List ASL is attached to Quotation Blanket Purchase Agreement e Default Localization Taxes on creating Blanket Purchase Agreement manually from the Purchase Order localized Window e Creation of Blanket Purchase Agreement from Existing PO using Copy Document 2 24 Oracle Financials for India User Guide e Creation of Blanket Purchase Agreement from Existing Quotation using Copy Document Blanket Release e Default Localization Taxes from Blanket Purchase Agreement on creating Release manually from the Release Localize screen Window e Creation of Blanket Release Based On Blanket Agreement using MRP Workbench when Approved Supplier List ASL is attached to Quotation e Creation of Blanket Release FROM Existing Blanket Purchase Agreement using Auto Create ag
199. ase of Invoices sum of Invoice level form amount and Matched amount cannot be greater than Tax target amount In case of Invoices with Negative Tax Target Amounts the form amount needs to be exactly same as that of tax target amount Sum of all Invoice level Form amounts 5 78 Oracle Financials for India User Guide Viewing Received Forms You can view the Sales Tax Forms Received by clicking on the View Forms button on the Find ST Forms Details window This would open View Sales Tax Form Details window You will have to enter Customer Customer Site and Form Type Details before you query for the Issued Forms This window has three sections Header Details and Sub Details Header Section The section shows Customer Name Customer Site and Form Type These details are populated as the context information from the Query Find Screen Sales Tax Form Details This section displays Form details based on the query criteria specified in the Query Find screen Sales Tax Form Sub Details This section displays all matched Invoice grouped by combination of Invoice Number and Transaction Number For each Invoice the Tax Target amount verses the Matched Amount is displayed based on the above grouping The field wise description for the screen View Sales Tax Form Details form is given below Field Description Type Action Description View Sales Tax Form Header Block Party Name Display only Context Informatio
200. ate by which you want to query the invoices Enter the customer number by which you want to query the invoices Enter the customer name by which you want to query the invoices Based on the selected query criteria the invoices will be queried and displayed in the Invoice Review screen Field Description Description Draft Invoice Area Number This field will display the invoice number 8 14 Oracle Financials for India User Guide Field Description Description Status Creation Date Customer Area Number Name Amount Tax Amount Currency Taxes This field will display the invoice status This field will display the invoice creation date This field will display the customer number related to the invoice This field will display the customer name related to the invoice This field will display the invoice amount This field will display the invoice tax amount This field will display the invoice currency This field will indicate if there is any tax defaulted for this invoice Click Lines to display the invoice lines Field Description Invoice Region Draft Invoice Creation Date Invoice Status Amount Description This field displays the Invoice number This field displays the creation date for the Invoice This field displays the invoice status for the Invoice This field displays the invoice amount for the Invoice India Local Proj
201. ate to View TDS Certificate India Localization Form in AP Module and set the PRINT FLAG of corresponding certificate to N then the next Print will print ORIGINAL on the Certificate Report Submission Use the Submit Requests India Local Payable Module only form and enter India TDS Certificates in the Name field to submit the report Report Parameters TAN Number Mandatory Select the value from the LOV Financial Year Mandatory 3 58 Oracle Financials for India User Guide System will display all the Financial Years from the LOV Based on the transactions will be processed Organization Optional Select the value from the LOV System will use this Organization details for printing the address on the report Certificate Nos From Optional India Localization prints all the Certificates starting with the Number you enter for this parameter Certificate Nos To Optional India Localization prints all the Certificates up to the Number you enter for this parameter Certificate From date Optional India Localization prints all the Certificates starting From the Date you enter for this parameter Certificates To date Optional India Localization prints all the Certificates up to the Date you enter for this parameter Vendor Optional India Localization prints the Certificates for this Vendor only if you enter a value for this parameter Name of the Signee Optional India Localization prints this Na
202. ategories to include the India Local Inventory 1 93 newly defined Tax Codes For detailed information on new Tax Codes see Defining Accounting Information for Organization page 1 8 Defining Item Category List Item Category List associates the Tax Category to an Inventory Item in an Organization The user can add many items in a list and select relevant Tax Category for them There can be many such item category lists defined and associated to the Vendor Customer sites If the Item Category is attached to the Additional Customer Supplier Information the Item Category will get defaulted whenever a transaction is done with the Customer Supplier Use this form to associate Inventory items to Tax Categories Prerequisites Before you enter the Item Category List you must e Define Organizations e Define Locations e Organization Additional Information e Define Tax Categories e Define Items In Oracle Financials for India navigate to Setup gt Tax Setup gt Item Categories The table below details field wise descriptions of the Item Categories screen Field Description Type Action Description Header level Name Required ENTER The user has to specify the unique Item Category List Name Description Required ENTER Enter a description for the Item Category List This should describe the Item Category List Name in detail Line level 1 94 Oracle Financials for India User Guide Field Description Type Ac
203. ation Customer Name Optional PICK If the User wants this Report for a specific Customer then he need to enter Customer Name here otherwise this report give details for all the Vendors for a given period will be reported Customer Number Defaulted PICK Customer Number of the above Customer will be defaulted here Transaction Type Optional Invoice Order can be selected by the User Process Date Optional For a Process date the user can take the Report Invoice Number Optional For Specific Invoice this report can be taken Excise Exemption Type Optional CT2 or CT3 Status Optional Quick fields are ALL RECEIVED amp NOT RECEIVED Order To be filled Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings Customer Name India Local Receivables 5 93 Customer site Transaction Type Transaction Number Transaction Date Delivery Name Delivery Number Delivery Date Excise Exempt Type Excise Exempt Date AR3 A Form No AR3 A Form Date Received Date Date on which the AR3A form received back from the Customer Others Others taxes of the Supplementary Invoice will be reported Total Amount This is the amount for which the Sup Inv Credit Memo debit Memo is raised Duty Draw Back Report Report Submission Use the Submit Requests OE amp AR Modules form and enter Ind
204. ation page 9 6 Whenever India Local Taxes are applicable Taxable field should always be set to NO in the Billing section of Requisition Information page India Localization taxes can also be viewed and edited in the Checkout Review Approver List page during the Checkout process Navigate to India Local iProcurement gt Shop gt Stores gt Checkout Review Approver List Requisition Review and Submit In the Checkout Review and Submit Requisition page during the Checkout flow Localization taxes are displayed against each line item of the requisition with a facility to drill down to the detailed view Taxes can be modified at this stage also depending on your user authorization No further modifications are allowed on completion of Requisition checkout as the status is updated to Approved However you can view India tax amounts and the Tax details in the Requisitions Lines page Total India tax amount is displayed for each requisition line in the Printable Page provided in Checkout Review and Submit Requisition Navigate to India Local iProcurement gt Shop gt Stores gt Checkout Review and Submit Requisition Requisition Change or Cancellation Oracle iProcurement provides facility to Change or Cancel the approved Requisitions When Requisitions quantities are changed in iProcurement all India Taxes get recalculated based on the revised quantity automatically In case of Cancellation of Requisitions India Taxes a
205. ation can be allowed as CENVAT credit for its customers Before confirming the shipment the organization needs to allocate the excise duty involved at the time of receipt of the excisable goods While shipping from the trading organization the user need to track the exact amount of duty paid by the original manufacturer for passing down the credit under CENVAT procedures This can be done through match receipt for trading item screen This Matching Receipts form provides the Information regarding available receipts from which the delivery quantity can be picked up Once the receipt is matched then the Excise amount in the Ship Confirm delivery lines will be replaced by the Excise amount from Receipt tax line for the respective delivery quantity It may be noted that the basic line price charged in a trading organization may be or may not be inclusive of the excise duty If it is inclusive of excise duty the excise duty matched through match receipt screen should not be accounted for the receivables User needs to define adhoc taxes with excise type while creating the sales order and the taxes towards excise duty need to be maintained as zero in the sales order On matching the exact excise duty will get updated as taxes User need to take enough care not to attach any precedence logic to excise type of taxes in this type of set up On completion of ship confirmation from a trading organization the RG 23 D register will get updated with the quanti
206. ature is available only if the DELIVERY is NOT SHIPPED After the above find screen the cursor will be in the RG23D Register entries Here the User has can match a respective receipt quantity in the following ways Automatic Matching The System will automatically match the Receipt based on Matching method FIFO First In First Out or LIFO Last In First Out Manual Matching The User can manually match the Receipts quantity by moving the cursor to the respective receipts line After matching receipts and save this screen the User can view the Issue tax Lines in which Excise amount will be replaced by the Excise amount from Receipt tax line for the respective matched quantity RG23D Register entries Screen s field wise description and features are given for your ready reference Trading Functionality 7 9 Field Description Type Action Description Header Level Customer Name Displayed Customer Name will be displayed here Customer No Displayed Customer No will be displayed here Order Number Displayed Order Number will be displayed here Line No Displayed Line No of an Order will be displayed here Sub Inventory Displayed Sub Inventory name will be displayed here Item Displayed Item in the respective line of an order will be displayed here Released Quantity Displayed Released quantity from an order will be displayed here Matched Quantity Before matching this field will be blank and after ma
207. ault from Operation Description of OSP Operation from the related job and this can be edited if required The user can enter the relevant processing details here if the Manual 57F4 is created without PO reference After entering data press the Approve dispatch button then the transaction will be saved and approved Approval 57F4 Receipts Through this form the user can find out the 57F4 Receipt and approve them An automatic update feature is provided for the Return Quantity field on Receipt of the materials against the PO The Return Quantity field is updated on Receipt in the following sequence e Primary Form e Manual Form e RTV Form in case of RTV re receipt Such automatic update of the Receipt Quantities is provided only for the Forms linked to Purchase Orders This is not available for Manual Forms created without any linkage to Purchase Order Transactions Outside Processing Approve 57F4 Receipts The field wise description of the form is given below for ready reference Field Description Type Action Description Return Quantity This will be Quantity Received till date On Receipt of the Material from OSP Vendor this Quantity will get updated Return value Display only Return value Return Quantity Item Rate 2 18 Oracle Financials for India User Guide Field Description Type Action Description Return Excise Display only Return Excise Amount Return Amount value Excise Rate
208. ave and Book it Note If the customer billing exceeds Threshold limits the Order will not show the Surcharge This is because Order entry or booking is not a financial transaction and the event when surcharge is applicable is Shipping and invoicing only Also as Surcharge needs to be reversed when the total Threshold decreases such surcharge is not displayed in the order even after shipping or closure of order line 5 4 Oracle Financials for India User Guide 2 Pick Release and Ship Confirm the order When you Ship Confirm with Surcharge limit exceeded the Surcharge and Cess get auto assigned 3 Run Autoinvoice for this Order which will import the Invoice into Receivables Run the India Local Concurrent for Processing Order Lines to AR which will populate these taxes in Oracle Receivables You can query the AR invoice from the IL screen using the transaction number Bill Only Cycle 1 Enter a normal Bill Only sales order with TCS Taxes Save and Book it Note If the customer billing exceeds Threshold limits the Order will not show the Surcharge Book this order In bill only cycle surcharge and cess on surcharge get included and computed on running the AutolInvoice 2 Run Autoinvoice for this Order which will import the Invoice into Receivables Run the India Local Concurrent for Processing Order Lines to AR which will populate these taxes in Base Receivables Standalone Receivables Invoice 1 Navigate to Transact
209. ax Registration Number of an Inventory Organization Location This would be printed on all the documents that are required under Sales Tax Act Use this field to enter State Sales Tax Registration Number of an Inventory Organization Location This would be printed on all the documents that are required under Sales Tax Act India Local Inventory 1 7 Field Description Type Action Description PAN No TAN No WARD No VAT Reg No Optional Optional Optional Use this field to enter Permanent Account No of an Inventory Organization Location This would be printed on all the documents that are required under Income Tax Act Use this field to enter TDS Account No of an Inventory Organization Location This would be printed on all the documents that are required under Income Tax Act Use this field to enter Ward No of an Inventory Organization Location This would be printed on all the documents that are required under Income Tax Act Use this field to enter VAT Registration No of an Inventory Organization Location Important If an Inventory Organization Location is a Manufacturing unit not Trading and you enter details in the Tax Info Block then you will not be allowed to enter any information in the Excise Trading Information Block through Trading Information Tab Defining Trading Registration Details For information on defining trading registration details refer to Trading Inv
210. ax code with reduced Tax Percentage that needs to be charged and the Original Tax Percent that would have been normally charged if such transaction did not attract a concessional TCS rate Defining Tax Categories Tax category should be defined for defaulting Taxes You can create multiple Tax Categories with TCS Taxes to ensure that defaulting selecting right Tax category results in correct TCS taxes with Surcharge and Cess Apart from above you need to create two additional separate Tax categories e Tax Category with only tax type of Tax Collected at Source and TCS Cess to attach to receipts to deduct TCS on Advance Receipts 1 56 Oracle Financials for India User Guide e Tax Category with only tax type of TCS Surcharge and TCS Cess to be attached to Threshold setup This would ensure automatic charging of Surcharge whenever the total billing to the customer exceeds the threshold setup To define a Tax category access Tax category definition window from India Local Receivables gt Setup gt Tax gt Tax Categories Note If the Tax category has other type of taxes then the same would not appear in LOV of the TCS Threshold definition screen Hence you must perform the above Tax category setup before TCS Threshold setup Defining Item Categories Item category should be defined to default TCS taxes based on Customer Site combination selected You can create Item Category to ensure the right Tax Categories with TCS Taxes is attac
211. be applicable to Excise Invoice Numbers generated for a Domestic Transaction This would be applicable to all the Order Invoice Types that are Define Bond Register Chosen for the Organization Location with the Register Type as Domestic with Excise AND This Order Type is not chosen in the India Local Excise creation screen for the Organization Location Invoice On selecting this option in combination with the Invoice Type the Excise Invoice Number generated on saving an AR Invoice would be based on the definition specified for this record Export The document sequence defined here would be applicable to Excise Invoice Numbers generated for a Export Transaction 4 18 Oracle Financials for India User Guide Field Description Type Action Description Order Invoice Type Register Code Prefix Start No Jump by End No Required Required Optional Required Required PICK HELP PICK HELP This would be applicable to all the Order Invoice Types that are Define Bond Register Chosen for the Organization Location with the Register Type as Export with Excise and this Order Type is not chosen in the India Local Excise creation screen for the Organization Location The relevant Order Type Invoice type related for a Inventory Organization Location have to be selected here from the LOV The appropriate Register Code for a Order Invoice Type have to be
212. ber Required Required Required Required Optional Required PICK PICK PICK PICK PICK PICK The Legal Entity for which the report is being generated The Organization TAN Number for which the report is being generated The Inventory Organization for which the report is being generated The Financial year for which the report is being generated The Quarter of the Fiscal year for which the report is being generated The Previous Receipt Number in case the return was filed earlier 5 104 Oracle Financials for India User Guide Collection Code Person Responsible Responsible Person Designation Required Required Required PICK The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under forest lease Timber obtained under any mode other than forest lease Any other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves The Name of Person responsible which needs to be printed on the report The Designation of Person responsible which needs to be printed on the report India Local Receivables 5 105 Responsible Person Address Responsible Person City Responsible Person State Responsible Person Pin Responsible Person Telephone Responsible Person email
213. ber series generated for each Excise Invoice The setup would be restricted to the Order or Invoice Types for which it is created For all other Excise Invoices which are created using Order or Invoice Types for which setup has not been made the system use the default number series This would be a numeric series starting with one increased by one The sequence would be different for each Organization or Location and the nature of clearance Within the Organization the sequence would be different for the Domestic clearances and Export Clearances For further information see Defining Excise Invoice Generation page 1 19 e Define Localization Item Information The recording recoverability and reporting of Localization Taxes would depend on India Localization related information setup for the Item These values have to be entered in India Localization context of the Items DFF attached to the Item Master Excise Registers would be updated only when the Excise Flag is set to YES Similarly considering CENVAT Credit and updating the Excise Registers for a Receiving transaction would happen only when the MODVAT flag is set to Yes The option chosen in the Item Class attribute would be the basis on which the type of Excise Credit Register that has to be hit Items classified in the other classes such as OTIN OTEX would not be updating Excise Records The Trading Flag would work together with the Organization Trading Information setup RG23
214. bles India Excise Duty Recalculation This is an optional concurrent program that enables you to recalculate Excise Duty attached to Unshipped Orders if there is a change in the assessable value of items Excise Duty recalculation is done for those Unshipped Orders that satisfy the input criteria This report does not generate any printable output You can use this program to recalculate the Excise Duty and all dependent taxes on Open Sales Orders The Excise Duty is recalculated to reflect the latest Assessable Prices applicable to the items included in the transaction Using this feature you can eliminate manual effort required to update all Open Sales Orders to reflect changes in Assessable Prices This concurrent can be invoked through India Local Order Management gt Reports Request gt Single Request gt India gt Excise Duty Recalculation Field Description Type Action Description Start Order Required PICK Enter the Sales Order from which you would like to effect Tax Changes End Order Required PICK Enter the Sales Order which you would like to take as the last document on which the change has to be effected Order Type Required PICK Choose one of the Order Types from the list India Local Order Management 4 9 Field Description Type Action Description Organization Id Required PICK Choose one of the Organizations from the list Important On completion of the request the selected Sales Order
215. bles does not allow adjustments to paid invoices if a prorated discount distribution method is used e You are using cash basis accounting e Prepaid either fully or partially e Selected for payment Note You cannot adjust an invoice selected for payment until the Confirm Payment Batch action has been performed Receipt Accruals You cannot adjust the item in Oracle Projects when the item is interfaced from Oracle Purchasing If the invoice is matched to accrue on receipt purchase order line and the invoice line rather than the purchase order receipt is interfaced then the invoice line can be adjusted in Oracle Projects India Localization tax distributions are interfaced to Project Costing module as separate expenditure line items User should not make any modifications to these expenditure lines and interface them back to Oracle Payables module Integrating with Inventory You can perform inventory transactions related to projects such as Issue to Projects Issue from Projects etc This is achieved by checking the Project check box at the time of defining User Inventory Transaction Types These Inventory transactions related to Projects are also considered for appropriate quantity register update as per India Localization functionality For e g Issue to Project inventory transaction for a raw material item will update the RG 23 Part I register Issue to Project inventory transaction for a finished good item will update the RG
216. bute screen 1 68 Oracle Financials for India User Guide Field Description Type Action Description Item Template Required DISPLAY You will choose this to find the Item attributes of a Single Item Regime Required PICK You will have to pick the Regime here Currently only Value Added HELP Tax is available here EDIT Organization Required PICK You will have to choose the Organization here HELP EDIT Item Name Required PICK You will have to choose the item for which you want to view the Item HELP Attributes EDIT Click Find to search for an existing item for which these attributes are setup Click New to defines attributes of a single item and navigate to Item Template Attribute Registration Form Field Description Type Action Description Header Section Regime Required PICK You will have to pick the Regime here Currently only Value Added HELP Tax is available here EDIT Organization Required PICK You will have to choose the Organization here HELP EDIT Item Name Required PICK You will have to choose the Item for which you want to define the Item HELP Attributes EDIT India Local Inventory 1 69 Field Description Type Action Description Attributes On entering the header information Registration Section the 3 Attribute Names will appear in this block You will have to choose the Attribute Values from the LOV provided For details of the Attribute Names possible Attribute Values a
217. cal Inventory 1 37 Field Description Description Processing Action Claim Term Invoice No Invoice Date Party Party Site Recoverable Amount In this field select from one of the following processing action 1 Claim This would imply that the lines would be claimed in the next claim process 2 Not Claimable This status would indicate that the lines would not be eligible for claim 3 Pending By marking lines as pending you are indicating that these lines would remain in pending status and would be separated from the claim process Displays the default Claim Term User has an option to change this until the line has been processed for Claim Specify The VAT Invoice Number here Specify a Invoice Date here This field displays the PO Vendor Name If the Vendor providing the VAT Invoice is different from the PO Vendor then select appropriate value here This field displays the PO Vendor Site If the Vendor Site providing the VAT Invoice is different from the PO Vendor Site then select appropriate value here This field reflects the Total of Recoverable VAT Tax Amounts applicable to the Receipt Line Important All Tax Types Assigned to the VAT Regime would be considered as VAT Taxes 1 38 Oracle Financials for India User Guide Field Description Description Recovered Amount Net Quantity Receive Qty Correct Rev Quantity RTV Quantity Correct RTV Qty Tax Detai
218. can decide chronological series for Excise Invoice Numbers by specifying Jump by Number The User can specify the End Number for a specific Excise Invoice Serials which are to be generated from a particular Inventory Organization Location for a specific Order Invoice Type amp Register Code 1 22 Oracle Financials for India User Guide e Before defining user prefixes and Excise Invoice Numbers appropriate setups need to be done in define Bond Register to associate an Order type for all Transactions Order Management Module In addition Transaction source for all transactions from Accounts Receivable Module needs to be defined The Order Type and Transaction Source will be associated with different type of excise removals like domestic with excise Bond Export with excise etc Only after associating an Order Type Transaction source with an excise related transaction type user should define the user definable prefixes and Excise Invoice Numbers in this region e Itis not mandatory to define Excise Invoice Generation Serial Number If you do not define the Excise Invoice Generation Screen then auto generated system numbers will be allotted to the Excise Invoice as stipulated under Rule 52 A of the Central Excise Rules one sequence for Domestic transactions and another for Exports Defining Sub Inventory Locations Before you start using Oracle Financials for India Inventory the Sub inventories have to be associated with Organ
219. can define TCS Registration number for each Inventory Organization Location combination To assign organization locations location details access Regime Organization Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime gt Registrations gt Organizations Defining Organization Tax Accounts You can have different GL code combinations for each of the Organization Location To enable this you must assign Tax Accounts for Organization Locations Unless different accounts are setup for each organization location combination the Accounts specified at Regime Registration level will be used for all organizations To create GL Accounts by Organization location access Regime Organization Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations gt Organizations India Local Inventory 1 53 Field Description Type Action Description Tax Types Tab Tax Details block Tax Type Description Account Details block Account Name Account Value Required 1 54 Oracle Financials for India User Guide DISPLAY DISPLAY DISPLAY PICK HELP EDIT The tax details that are given at the regime registration details are defaulted to the organizations These tax details will default on all the organizations that are assigned to this regime The user has the facility to change the default values at an organization level
220. ce Freight Freight India Local Inventory 1 79 Tax Name Description Tax Short ID Service Tax Service Tax Tax Deduction at Source TDS Any Other Tax Other taxes Discounts Modvat Recovery Modvat Reversal Debit Rule 6 of CENVAT Credit Rules Value Added Tax VAT Value Added Tax Reversal VAT Reversal Additional CVD Additional CVD Note You can review modify existing tax and item categories to include the VAT Reversal Tax Type based on your business requirement This tax code can also be manually added on Sales Orders and AR transactions Tax Type determines the type of treatment or procedure that needs to be initiated to calculat record or update tax records You should ensure that you associate Tax Codes with appropriate Tax Types in tune with your Organizations requirements For example while defining a tax code name for Sales Tax you should be using either CST or Sales tax as Tax Type You should take adequate care in selecting tax type Important Apart from the normal tax types like Excise Customs Sales Tax etc which are widely used in the industry Localization provides for additional tax types like Insurance freight any other tax and Modvat Reversal Modvat Recovery Modvat Reversal Modvat Reversal needs to be mapped as per the requirements under Rule 57 CC of the Central Excise Rules Freight Insurance and Any Other Tax Can be used for Accounting for any expense incidental to the Purchase transac
221. ce in RG 23A Part II registers will not be considered RG 23D Register would be updated for Trading Organizations On completion of RTV transaction the relevant excise registers will be updated and the print of the duty paying document can be taken Return to Vendor in the Case of a Trading Item Return to Vendor of a Trading will be done in the Standard Application form itself and the respective Issue entries will be passed in the RG23D Register and the same can be viewed through Transaction type Return to Vendor Return to SSI Vendor Return to Vendor of a SSI would require a change in the rate of CENVAT Duty To enter the revised Duty applicable to the Return you can query an Existing Return transaction using Return to Vendor India screen Here you have an option to specify the Revised Rate Amount Only Excise and Education CESS taxes will be displayed Navigate to India Local Purchasing gt India Localization gt Receipts gt Return to Vendor India gt Inquiry 2 70 Oracle Financials for India User Guide Inquiry Requisition Summary Localized Use this View Requisition Summary to review a particular Requisition Localized by specifying its Number All the Requisitions will be viewed if the user does not specify a single Requisition PO Number By pressing the New Requisition button the user can create a new Requisition also Viewing Requisition Summary In Oracle Financials for India navigate to the India Local Requ
222. ceivables 5 3 Record VAT Exemptions You can choose the Exemption Type applicable to the transaction The VAT tax will be changed to Zero if the same is marked as VAT Exempt Choose Update of RG Registers You have an option to update the Payment Registers selectively This you can do by un checking the Update RG Flag Choose Register Preferences By default the duty will get debited in the register based on the register preference set up in the Additional Organization Information User has an option to change the duty paying register for each transaction Enter Pre Printed Excise Invoice Number By default the pre printed Excise Invoice Number will be stored as Null User has an option to change the same for each transaction The numbers can be alpha numeric in nature and an option is provided to enter from and to numbers in cases where the Invoice is consuming multiple sheets of pre printed stationary Reports Receivables generates these reports for India India Debtors Ledger Report Lists all the transactions with the Customer to arrive at the net liability for the Customer You can use this report to get Debtors Sub Ledger India Debtors Trial Balance Report Lists the closing balance for Customers as on date Total Sales Report Lists the Sales transactions made from an Inventory Organization during the selected period Managing TCS Trasactions Order to Cash Cycle 1 Enter a normal sales order with TCS Taxes S
223. ceived and the Acknowledgment Flag is enabled the PLA Register will be updated PLA Amount Displayed This is the displayed total line amount of Excise Duty proposed to pay Authority Required EDIT HELP Select the respective Vendor Name or Commissioner of Excise from the PICK LOV India Local Payables 3 45 Field Type Action Description Description Site Required EDIT HELP Select the Site for the above selected Vendor from the LOV PICK PLA Details Block Required Item Tariff ENTER Enter Item Tariff under which this PLA payment will be made Item Sub Heading This is defaulted field as per the Item Tariff Basic Required ENTER The user has to specify how he wants Amount Addition to pay in Basic Additional and al Amount Other Other Excise Duty through this TR6 Excise Challan On saving the transaction a PLA Invoice will be automatically generated validated and ready for payment This Invoice Number has a prefix of PLA The payment for this Invoice may be made through regular Oracle Payables functionality Only after entering the Acknowledgment Date PLA Register balance will be updated e Acknowledgment for a PLA Payment is not received and Flag is not enabled then there will be difference between GL Balance and PLA Register till such time of receipt of Acknowledgment The Acknowledgment Flag needs to be enabled by Opening the PLA Invoice screen itself Using Sales Tax Declaration Forms Issue
224. censed our products the title and part number of the documentation and the chapter section and page number if available Note Before sending us your comments you might like to check that you have the latest version of the document and if any concerns are already addressed To do this access the new Applications Release Online Documentation CD available on Oracle MetaLink and www oracle com It contains the most current Documentation Library plus all documents revised or released recently Send your comments to us using the electronic mail address appsdoc_us oracle com Please give your name address electronic mail address and telephone number optional If you need assistance with Oracle software then please contact your support representative or Oracle Support Services If you require training or instruction in using Oracle software then please contact your Oracle local office and inquire about our Oracle University offerings A list of Oracle offices is available on our Web site at www 0oracle com vii Preface Intended Audience Welcome to Release 12 of the Oracle Financials for India User Guide This guide assumes you have a working knowledge of the following e The principles and customary practices of your business area e Computer desktop application usage and terminology If you have never used Oracle Applications we suggest you attend one or more of the Oracle Applications training classes available through Oracle
225. ch an invoice to a purchase order or receipt in Oracle Payables the project information from the purchase order or receipt is copied to the invoice When you enter new project related invoices in Oracle Payables you only need to enter project information on the source document the invoice If you use distribution sets with project information Oracle Payables automatically supplies project information for your supplier invoice distribution lines Matching Invoices If you use Oracle Purchasing and have already associated project related information to a purchase order and you are matching an invoice to a purchase order or receipt using the Invoices windows instead of manually creating invoice distribution lines Oracle Payables automatically copies the project information from the purchase order or receipt to the invoice Note You cannot change the project information that is copied from the purchase order to the invoice India Localization Taxes on Payables Invoice are interfaced based on matching to either Receipt or Purchase Order In case of non recoverable India Localization taxes the India Local Projects 8 5 Projects details will be copied from the parent Item line in the Invoice Distributions These non recoverable taxes will be interfaced to Project Costing module as separate cost lines From India Localization perspective you must ensure the following e When a receipt is made Payables invoice should always be matched to the r
226. check the Re Submit All checkbox For Resubmission of the Error Invoices e Check Re Submit for the Invoices that need to be resubmitted Alternatively Re Submit All can be checked to resubmit all error Invoices e Click on Submit button e Submit the concurrent India To Insert Taxes For Pay On Receipt for these Invoices to get processed For Deletion of the Error Invoices Check Delete for the Invoices that need to be deleted Click on Submit button India Local Payables 3 57 e The form would merely make the Invoices eligible for reprocessing You have to explicitly run the concurrent India To Insert Taxes For Pay On Receipt for these Invoices to get processed Reports This section provides overview and detailed descriptions of the following reports e Form 16A Report e TDS at Prescribed Rate Report e India Cash Bank Book Report e India Creditors Ledger Report e India Creditors Trial Balance Report e India Statement of Account for Suppliers e India BOE Write Off Report e India TDS Related Invoices Report e India VAT Returns Template Form 16A Report Use Form 16A Report to print Form 16A As per Statutory Format for sending it to Vendors ORIGINAL is printed on the Form when printed for the first time and DUPLICATE will be printed for subsequent prints of same Certificate If some problem occurs during printing of Certificate for first time e g Printer Paper jam etc then navig
227. ched Invoices This amount would be Sum of Matched Amounts reduced from Sum of Tax Target Amounts Sales Tax Form Detail Block Matching Detail Issue Side Invoice Number Display only To be filled Invoice date Display only To be filled Po Requisition Display only To be filled Num Document Type Display only To be filled India Local Payables 3 51 Field Description Type Action Description Tax Target Amt Display only To be filled Matched Amt Display only To be filled Form Amount In case of ve invoices sum of invoice level form amount and Matched amount cannot be greater than Tax target amount In case of ve invoices the form amount needs to be exactly same as that of tax target amount Total Form Display only Sum of all invoice level Form Amount amounts Viewing Issued Forms You can view the Sales Tax Forms Issued by clicking on the View Forms button on the Find ST Forms Details window This would open View Sales Tax Form Details window You will have to enter Supplier Supplier Site and Form Type Details before you query for the Issued Forms This window has three sections Header Details and Sub Details Header Section The section shows Supplier Name Supplier Site and Form Type These details are populated as the context information from the Query Find Screen Sales Tax Form Details This section displays Form details based on the query criteria specified in the Query
228. choose the Organization here if you want to run the program for a specific Organization This will be enabled only if you select an Organization and you can choose the Location here if you want to run the program for a specific Location This will be enabled only if you select an Organization and Location and you can choose the from Delivery id here if you want to run the program for a specific range of delivery id s This will be enabled only if you select an Organization and Location and you can choose the end Delivery id here if you want to run the program for a specific range of delivery id s 4 12 Oracle Financials for India User Guide Field Description Type Action Description Transactions from Required Date Transactions to Date Required Action Required EDIT EDIT PICK EDIT Enter Transaction Date Range here All transactions having transaction date between this range will be picked up for processing Enter Transaction Date range here All transactions having transaction date between this range will be picked up for processing This is the type of action which is expected The program has three options 1 GENERATE INVOICE NO which will only generate VAT invoices for the selected Regime 2 PROCESS ACCOUNTING which will make repository entries and pass GL entries for the selected Regime 3 PROCESS ALL which will result in both generation o
229. cise Tax Amount will be replaced by the Excise Amount from the Receipt Tax Line for the proportionate quantity Field Type Action Description Description Operating Unit Required Pick The Operating Unit for which the Transaction is being entered Organization Required EDIT HELP The user needs to specify the PICK Inventory Organization name from LOV in which the transactions is going to be accounted Location Required EDIT HELP The user needs to specify the Location PICK of an Inventory Organization from LOV in which the transaction is going to be accounted After entering the above information the user can navigate to Enter Invoice Standard Apps form where the transaction Number Customer details and Item details will be entered to create a transaction save and complete the Standard Apps transaction Depending upon the Tax category attached to the item for the customer the tax lines will be defaulted Important If the user enters a Transaction using Transactions screen directly without navigating through Transactions Localized screen 5 64 Oracle Financials for India User Guide the above Organization amp Location are not captured for the mentioned transaction This would result in such transaction not being query enabled on the Transactions Localized Screen even at a latter date Field Description Type Action Description Customer Name Customer Number Transaction Number Transactio
230. claration forms navigate to Define Sales Tax Form Details window as follows India Local Payables India Localization Suppliers Issue ST Forms In Find ST Form Details screen enter the Supplier Name Supplier Site and Form Type in order to query for Invoices against which Forms are not yet issued You can enter other query criteria to find specific invoices Details you enter in each of the fields would form criteria for the records fetched India Local Payables 3 47 Field Description Type Action Description Issue Receipt Display only Party Name Party Site Form Type Invoice from Date Invoice To Date Fin Year Form Number Issue Receipt Date This field gets populated as Issue Receipt based upon the Application chosen Issue in case of Payables and Receipt in case of Receivables Party Name as defined in the ST form related data Compared against the Party Name as available in the Invoices to which Sales Tax Forms is applicable Party Site as available in the Invoices to which Sales Tax Forms is applicable Form Type s which are applicable to the Sales Tax attached to the Invoices Invoices having Invoice Date starting from this date onwards would form a part of the query criteria for matching Viewing matched records Should be a valid date in DD MON YYYY format Invoices having Invoice Date till this date would form a part of the query criteria for matching Viewing matche
231. clude e Deletion of a tax line e Addition of a tax line e Modification of a tax amount e Modification of the amount computed for any tax line e Changing the vendor on receipt for tax lines if allowed by tax definition e Changing the currency applicable to the particular tax line if allowed by tax definition Important These modification of tax lines can be done only before closing of Receipt Localized form once the Receipts localized form is closed the corresponding accounting entries will be passed and the System won t allow the user to modify the tax lines The Total Amount will get updated with the Revised Amounts on saving the screen However on change of the Tax Amount the dependent tax amounts would not be re calculated 2 52 Oracle Financials for India User Guide Once the Receipt localization screen is closed India Receiving transaction processor concurrent program is submitted This concurrent updates Excise Registers and creates Accounting Entries In case of a Trading Organization RG 23D Register Entry and corresponding Accounting Entries are created by this Concurrent Request In case of a Manufacturing Organization updates to Excise Registers and creates Accounting Entries would be based on the Receipt Routing Type and the value entered for Claim CENVAT in the Receipt e If Receipt Routing is Standard and Claim CENVAT on Receipts is Yes Excise Quantity and Duty Registers are updated and Accounting Entries
232. combination of the two will be derived and further TDS calculation of TDS will be made These 2 are important setups as part of the TDS Calculation At a Supplier Site level you can attach a Tax Name also TDS calculation will happen based on the Threshold setup linked to the default Tax Name specified in the TDS Thresholds Setup screen If a TDS Tax Code is specifically selected in the Invoice distributions GDF this TDS Tax Code will override any default TDS Section TDS Tax Code The overridden TDS Tax Code will also follow the TDS Threshold defined for that TDS Section which is derived from the Tax Code attached to the Section TDS Amount slabs For Single Invoice Threshold you should enter the Amount Limit in the From Amount field The system will not generate any TDS if the Invoice Amount is lower than the Amount mentioned in From Amount field For Invoices more than this Amount TDS will be deducted For e g in case of section 194 C you should deduct TDS if a Single Invoice exceeds Rs 20 000 In this case you should give Rs 20 000 in From Amount field For Cumulative Invoice Threshold you should enter the Lower Limit and Upper Limit in From Amount and To Amount fields respectively You can create Multiple Cumulative Thresholds For e g in case of Section 194 C for Individuals you should deduct TDS from Rs 50 000 to 849 999 at 2 and from 850 000 and above at 2 20 including 10 Surcharge To map this req
233. control would be placed where you cannot quit the form until an appropriate BOE is attached to the receipt line This would set off the Customs liability arising from the transaction BOE Amount Write Off You have a facility to write off the Un applied BOE amount in a BOE Invoice which no longer to be applied against any Receipts If the Customs Duty paid need to be written off for any reasons you can make use of this functionality For example the Customs Duty is paid through a BOE Invoice and during transit of goods from the port to the Organization the duty paid goods were lost in transit In such cases the duty paid on such goods cannot be applied to the inventory receipt transaction and the duty paid need to be Written Off India Local Payables 3 3 Reports Payables generates the following reports applicable to India BOE Written off Report Lists Bill of Entry BOE records written off during the selected period Capture Personal Ledger Account PLA Payment The Excise liability arising from the removal transactions needs to be settled within 5 days from the end of the Month Period The Duty can be discharged on debiting a current account referred to as Personal Ledger Account PLA PLA credit is taken by depositing money in the banks on T R 6 Challan Capture PLA feature helps you capturing the information required for the PLA Report to be submitted to the Excise Authorities This feature helps you in raising Invoice to c
234. cords and Excise Invoices can be created User needs to select appropriate transaction sources which are associated wit bond register for updating the excise related registers and records If the user selects a transaction source that is not associated with the Bond Register no updates will be done in the Excise Registers and no Excise Invoice will get generated for the transaction Important If a transaction is created with Excise Duty and completed India Local Receivables 5 63 by clicking the complete button user should not un apply the transactions If the user un applies the transaction the excise taxes debited in the Excise Registers will not be reversed and this might lead to further complications in adhering to the Excise Rules and Procedures Also note that base applications recalculates taxes on the event of Incompletion and Completion Thus localization taxes would be replaced with ZERO if user Incompletes and Completes a once Completed Invoice The Incompletion feature should not be used for making corrections to Invoice imported from Order Management else the taxes would get replaced with zero in the base applications screen In India Localization navigate to the Enter Transactions window as follows India Local Receivable India Localization Transactions Transactions Localized The User can navigate through the Select Receipts button to perform the Matching of Receipts quantity Once the user saves the Matching Screen Ex
235. criteria the find button should be pressed which will fetch the records depending upon the criteria entered Quantity Required The Quantity to be returned is entered in this field UOM Required The Unit of Measure of the Item to be returned India Local Purchasing 2 69 Return to Required Destination of the Item to be returned whether to receiving or to Supplier Supplier Location Conditionally Required Enter Location if the return to is receiving and if it is Supplier field will display name of the Supplier Return type to Reason Optional This is available from the Details tab of the Receiving Returns of the base form After entering all the required fields save record After saving the transaction navigate back to Return to Vendor India to default the details Select Process action from the LOV and click on default button to default the action details to shipment lines On saving record Accounting Entries and Entries in RG23A Part I amp II or RG23C Part I amp II and PLA are created depending on the Item Class and Type of Organization In case of Manufacturing Organizations the Duty Registers selected depends upon the preferences set up done in the Additional Organization Info screen If PLA is set as the last preference and the item returned is a capital good CGIN Item then balance in RG 23C Part II would be considered first PLA would be updated only if there no adequate balance in RG 23C Part II However balan
236. ction Sources On completing this Setup Step you can generate Excise Invoice Numbers in a sequence and with the alphanumeric prefix that you prefer You can skip this setup On doing this the system will generate only two series of Excise Invoices one for Domestic Clearances and another for Exports These would be numeric values incremented by one and would be without any prefixes Prerequisites Before you enter the Organization Additional Information Details you must e Define Organizations e Define Locations e Organization Additional Information e Tax Calendar 4 16 Oracle Financials for India User Guide The following information can be entered by user to generate multiple Excise Invoice Serial numbers based Order Invoice Type Excise Register Codes The field wise description for the screen is given below India Local Order Management 4 17 Field Description Type Action Description Transaction Type Required PICK HELP Choose one of the options from the LOV The options would be Order On selecting this option in combination with the Order Type the Excise Invoice Number generated on shipping the delivery created with this Order Type would be based on the definition specified for this record Return To Vendor The document sequence defined here would be applicable to Excise Invoice Numbers generated for a Return to Vendor Transaction Domestic The document sequence defined here would
237. ctionality 7 11 Field Description Type Action Description Vendor Displayed Vendor Name will be displayed here Duty Per Unit Displayed Excise Duty per unit as per receipt line will be displayed here Issue Tax Button Through this button the User can view the Issue Tax lines after saving the Matching Screen wherein Excise amount will be replaced by the Excise amount from Receipt tax line for the respective matched quantity User will be able to view the matched excise duty in this receipt The actual zero adhoc excise duty attached in the sales order will be over written with the matched excise amount View Receipt Button Through this button the user can view all matched orders against a particular Receipt Unmatching The User can do un matching of receipts by entering Zero quantity in the Apply column then the Available Receipt quantity will be reinstated Please note that this feature is available only before saving and closing the form In order to unmatch already saved transactions use the UNMATCH feature provided in the Find window View RG 23 D Screen After Ship Confirm Delivery the User can view the Issue transactions through Manual RG 23D then the User can Run AR interface and Auto Invoice in Receivables Modules to generate Invoices Unmatching Receipts For Trading Item This functionality is specifically provided to rectify user errors at time of Matching of receipts However such delivery can be u
238. ctionality 7 15 This Report gives the complete details of RG23 D Register as per Central Excise Act for an Item Report Submission Use the Request Reports others OE amp AR modules form and enter India RG23 D Report in the Name field to submit the report Organization Required Default PICK HELP Enter A Organization you wish to take the RG 23D Register Report for Location Required Default PICK HELP Enter a Location you wish to take the RG 23D Register Report for Transaction From To Date PICK HELP India Localization allows the user to print selectively the transactions from a given date on wards Inventory Item Optional PICK HELP Enter a specific Item for which you want to take RG 23D otherwise Report for all the items will taken Report Headings Report headings provide you with general information about the contents of the report Oracle lists information as given in the report format of RG RG23D Registers Column Headings In the Receipt side S No Serial Number for an Item in the Register will be reported Supplier Invoice and BOE No Supplier Invoice Excise Invoice will be displayed here If the Receipt is Import one then BOE Number for the Receipt will also be reported Name and Address of the Supplier Name and address of the supplier and his Excise Registration details will be reported Quantity Receipt Quantity will be reported Rate of Duty excise_duty_rate will be reported Amount of duty per
239. ctive End Date Required EDIT End Date till which the entered LC is Protected effective Negotiation Required EDIT Negotiation Days as per the LC Days Protected Last Negotiation Required EDIT Last Negotiation Date of the LC Date Protected Credit Period Required EDIT Credit Period for the LC Protected Last Ship Date Required EDIT Last Date until which Shipment can be Protected carried out against this LC Issue Bank Required EDIT Issue Bank Details of the LC Name Issue Protected branch Name Issue Bank Address Negotiation Required EDIT Negotiation Bank Details of the LC Bank Name Protected Negotiation branch Name Negotiation Bank Address Remarks Optional EDIT Remarks of the LC can be entered Not Protected from updation Qty Button This screen has been provided to amend Amendment Quantity matched for any possible user 4 42 Oracle Financials for India User Guide mistake Field Type Action Description Description Amendments Button This screen has been provided to amend LC Values and details for any possible user mistake View Button This screen has been provided to view Transactions all transaction done against the specific LC Quantity Amendment Amendments To refer the Screen Navigate through India Local Order Management Letters of Credit Letters of Credit Master Qty Amendment Button Field Description Type Action Description Order Header Optional ED
240. curement Receipt Further only third party or customs type of taxes can be added to an ASBN receipt e India Localization does not currently support creation of multiple Receipts against a single ASN ASBN Receipt Corrections Returns Reports iProcurement provides the functionality of receipt corrections in the Receiving home page You can select Correct Items and proceed to correct an existing receipt The existing India Localization process of running the concurrent India Receiving Transaction Processor after Receipt corrections is also applicable to iProcurement Receipt Corrections You can run this concurrent using the IL Requests form after making necessary Receipt corrections The concurrent will make the necessary modifications to the India Localization registers accounting and costing records based on the receipt corrections done in iProcurement Navigate to India Local iProcurement gt Receiving gt Returns gt Return Confirmation iProcurement provides the functionality of receipt returns in the Receiving home page You can select Return Items and proceed to return quantities of an existing receipt to the Supplier Returns processing of India Localization Excise VAT taxes must be done using the Return to Vendor India form by querying the concerned receipt India Localization support for iProcurement do not involve any additional reports at the iProcurement solution Existing India Localization reports available in the
241. d Organization Name Required Registrations Tab Registration Details block Registration Type Registration Name DISPLAY PICK HELP EDIT PICK HELP EDIT DISPLAY DISPLAY This field will default from Regime Registration form All the organizations falling under this regime are associated to the regime here For TCS only Inventory Organization is applicable Name of the Inventory organization that has to be associated to this regime The registration details specified in Regime Registration are defaulted to the organizations These registration details will default on all the organizations that are assigned to this regime You can change the default values at the organization level This field will default from Regime Registrations screen This field will default from Regime Registrations screen 1 52 Oracle Financials for India User Guide Field Description Type Action Description Registration Value Required PICK HELP EDIT This field will default from Regime Registrations screen You can edit this information Default CHECKBOX This checkbox will be checked whenever default registration value at the regime level are retained It is unchecked when registration value is modified Defining Organization Registration Details Organizations having their operations spanning across different states would register under each state In such cases you
242. d Immediately on Ship Confirmation Excise related records would get updated You can view the Excise and Other Tax Information related to the Shipment using Ship Confirm Localized screen You can query for an existing Shipment based on the Order 4 46 Oracle Financials for India User Guide Number Delivery Number You have an option to add any taxes of tax type Freight in the tax region of the Ship Confirm localized screen The freight added in this screen will be considered while running the Auto Invoice program and the same will get accounted in the Receivables Module Confirming Shipment In Oracle Financials for India navigate to the Shipment Confirmation India Localization window as follows Shipping gt Confirm Shipments gt Ship Confirm Localized gt Find Field Description Type Action Description Operating Unit Required Pick The Operating Unit for which the Shipment needs to be queried Header level Display Relevant Shipping Information like only Delivery Number Order Number Customer Name Order Type Ship To Excise Exemption Type Way Bill Number Line Total Excise Exemption Reference Number Excise Exemption Date Tax Total and Order Total Amount are displayed Fields discussed below pertains to the localized information Field Description Type Action Description Excise Exemption Display Excise Exemption Type will be Type only displayed if an Order is against CT2 CT3 and Exem
243. d The field wise description of the screen is given in the table below for your ready reference India Local Purchasing 2 9 Field Description Type Action Description PO Number Optional Vendor Name Optional Form Date Optional EDIT PICK EDIT PICK EDIT PICK HELP HELP HELP Select PO Number from LOV to find and review or approve Dispatch Receipt Select Vendor Name from LOV to find and review or approve Dispatches Receipts for that Vendor Select Form Date from LOV to find and review or approve Dispatch Receipt Transactions Outside Processing Approve 57F4 Dispatch Field Description Type Action Description Organization Name Display only These fields will show the Location Organization and its Location in the selected PO Form Number Generated HELP This will get generated automatically on approval of Dispatch Form Date Display only This will be the date on which PO was approved and the relevant data was populated Supplier Name Display only This field will display the Supplier Name as per the corresponding PO Dispatch Date Required EDIT HELP You can enter future date as PIC dispatch date and time Limit of days will be calculated from this date according to the transaction Maximum days Display only This field will have default value permitted from Organization parameters 2 10 Oracle Financials for India User Guide Field Description Type Act
244. d Organization combination India Local Inventory 1 31 Field Description Type Action Description Tax Types Tab The Tax Details that are given at the Regime Registration details are defaulted to the Organizations These tax details will default on all the Organizations that are assigned to this Regime The user has the facility to change the default values at an Organization level Tax Details block Tax Type DISPLAY Will show default value from Regime Registrations screen Description DISPLAY Will show default value from Regime Registrations screen Account Details block Account Name DISPLAY Will show default value from Regime Registrations screen Account Value Required PICK Will show default value from Regime Registrations screen HELP Pick accounting flex fields for EDIE each of the account specific to the Organization Default CHECKBOX This checkbox will be checked whenever default Account Value at the Regime Level are retained It gets unchecked when account value is modified Defining VAT Journal Sources and Categories Journal Sources need to be defined to transfer VAT Related Accounting entries to General Ledger VAT GL Entries created from PO Receiving Transactions Source would be Purchasing and Category would be Receiving India 1 32 Oracle Financials for India User Guide Value Added Taxes on Transaction This section provides details on the implication of Value Added Taxes on
245. d for different account types like CENVAT Receiving etc India Local Purchasing 2 53 Field Description Type Action Description Account Mode UOM Line number Transaction Date Quantity Accounting can be viewed for logistic transactions like Receipts Return to Vendor etc For Receipts Type of transactions Account mode will be regular and for Return related transactions account mode will be reversal This field displays the Unit of Measurement in which the transaction was recorded This field displays the Accounting Transactions lines for which view Accounting Entries are displayed By using the down up arrows user can view the Accounting Entries for different lines in the Receipt This field displays the date on which Accounting Transaction is recorded This field displays the Quantity Received against the transaction e In the transaction segment system displays the GL Account the Debit and Credits against the Accounting line Transaction Currency Currency Conversions Period Name Created Date and Transaction Date e This feature is provided to enable the user to confirm that the receipts are accounted properly User is provided an option to view the localization tax entries in the T Shape accounts form View Registers On completion of the Receipt Accounting process by navigating through the Tools View Register Menu the user can check the updates in the CENVAT Registers
246. d on the Receipt this field displays the amount of credit that is already availed Claimed CENVAT Percentage This field displays the Percentage of Credit availed on the item for the Receipt under reference CENVAT percentage to be availed This field displays the percentage of credit which is available for claiming credit Original Quantity This field displays the Quantity of Goods received against Receipt under reference Location This field displays the Location in which the Receipt under reference was performed Vendor Changed You need to check this field whenever the Vendor Name and Vendor Site has to be changed This would enable the Vendor Name and Vendor Site field Vendor Name Displayed Name of the Vendor from whom the Inventory is received The PO Vendor would be displayed in this field However in case you have received the goods from a different Vendor then you can update the Vendor Name with the Vendor from whom you have received the goods To do this check the Vendor Changed Checkbox Select a new Vendor and Vendor Site Vendor Site Displayed Name of the Vendor Site from whom the Inventory is received The PO Vendor Site 2 66 Oracle Financials for India User Guide would be displayed in this field However in case you have received the goods from a different Vendor then you can update the Vendor Name with the Vendor From whom you have received the goods To do this check the Vendor Changed Checkbox After
247. d records Should be a valid date in DD MON YYYY format Financial Year as applicable to the ST Form related data Form Numbers that are issued to the Supplier Supplier Site and Form Type Enter a Date which might match with the Issued Form s Transaction Date 3 48 Oracle Financials for India User Guide Field Description Type Action Description View Forms Button which upon being clicked Button invokes the View Sales Tax form Details Screen Issue Receive Button which upon being clicked Forms Button invokes the Define Sales Tax form Details Screen On clicking the Issue Receive Forms button the system fetches the Invoices to be matched This information would be displayed in Define Sales Tax Forms Details screen This screen has Header and Detail Sections Header Section Match All This section allows you to record Form details such as Financial Year Form Number Form Amount Form Date and Transaction Date These details can be entered for a combination of Supplier Name Supplier Site Form Type and Operating Unit The Supplier Name Supplier Site and Form Type are populated as the context information from the Query Find Screen Its mandatory to enter Financial Year Form Number Form Date and Transaction date fields before proceed to the detail section to select Invoices You may choose to key in the Form Amount and proceed to the detail section for selecting Invoices to match the Form Amoun
248. d to save this screen after entering the above information Once a BOE is fully applied it won t be appearing in this form for application India Local Purchasing 2 57 Unordered Receipt At the time of Receipt of Items it may not be possible to ascertain the Purchase Order against which an Item is being received In such case you enter an Unordered Receipt In respect of Unordered Receipt no taxes are defaulted for the receipt since the purchase order against which the receipt is done is unknown Unless the Receipt is matched to Purchase Order the Taxes does not default While matching Receipt with PO Oracle Financials for India will provide the taxes from the Purchase Order and these taxes cannot be modified The option to claim CENVAT on receiving is not available on the Unordered Receipts screen It is available while matching Receipt with PO The Excise Records are updated for Material Receipt in RG23A C Part I only on matching the Receipt to a Purchase Order No Accounting Entries are generated at the time of Receiving The Accounting Entries are generated at the time of matching with Purchase Order You can also access the Claim CENVAT on Receipts screen under Inventory Receiving to generate the Excise Entries and accounting for CENVAT if you do not claim CENVAT Credit while matching Receipt with PO After matching the Unordered Receipts the User has to query the Receipt Number in the Receipt Localization screen and
249. de Processing Transaction By using India Local OPM features issue and receipt of goods for subcontracting can be tracked based on parameters setup in the Additional Organization Information duty will be debited at the time of removal of goods and the same can be credited on receipt of the goods If there is no need to pay on removal of goods for subcontracting user needs to take care to setup ZERO in the OSP percentage field of Additional Organization Information User needs to keep a manual track for the receipt of goods and if the goods are not received back in 180 days duty needs to be worked out India Local Inventory 1 109 manually and amount should be debited in paying duty registers through RG23 Manual Entry Screen Prerequisites e All Items sent for Outside Processing must exist in Item Master e OPS Relation is properly defined e All issues for Outside Processing takes place from OPM Inventory and receiving happens into OPM Inventory e Excise records will get generated if the item being issued for outside processing has the attribute of Excise Flag YES In Oracle Financials for India additional setups are required e In Organization Parameters under Taxation Parameters alternative region enter Outside Processing Return Days and Outside Processing Excise Percentage you want to default in 57F 4 Challan e While defining OSP Item the Excise and Cenvat flags should be set to YES In India Local Oracle Process Manufac
250. der management reports request group and enter India Excise VAT Invoice Template in the Name field to submit the report Report Parameters Report Parameter Type Action Description Organization Name Required PICK The Inventory organization for which the report is being generated This allows all Inventory organizations and does not restrict based on Operating Units attached to the user Location Optional PICK The Inventory Location for which the report is being generated This needs to be left blank if all locations are to be printed This gets enabled only if the Inventory Organization is selected India Local Order Management 4 57 Report Parameter Type Action Description From Date and To Required Start Date and End Date Date for which the report is being run This can be used leaving the number blank in case you want to generate the report for a range of transactions This field is however required to restrict printing of invoices to a specific year when there are same numbers across various years in the given organization location combination Delivery Optional PICK LOV shows list of all available Deliveries based on From Date and To Date entered Selecting a value in this field indicates user wants to print a single document for which he already has the number Note When a Single Delivery has both excisable and non excisable material to be shipped together the same would display
251. dia support is not extended for encumbrance accounting in such an event Invoice level encumbrance accounting on invoice validation invoice accounting will automatically consider the India Local tax distributions as these are created as Invoice distributions Encumbrance Reporting PO Encumbrance Details report shall be including the IL non recoverable tax amounts also with the respective transaction amounts Migration Upgrade Script If any customer has been using the Encumbrance feature without the IL support and then adopts the IL encumbrance support solution there shall be discrepancies in encumbrance accounting in the following scenarios e Purchase Requisition lines with non recoverable taxes Reserved before IL encumbrance solution application and Unreserved after IL solution application e Purchase Requisition lines with non recoverable taxes Approved before IL encumbrance solution application and related PO created after IL solution application e Internal Requisition lines with non recoverable taxes Reserved before IL encumbrance solution application and Unreserved after IL solution application e Internal Requisition lines with non recoverable taxes Approved before IL encumbrance solution application and ISO receipt created after IL solution application e Purchase Order lines with non recoverable taxes Reserved before IL encumbrance solution application and Unreserved after IL solution application
252. ding on all pages Column Heading Vendor Name Name of the Vendor to whom the item was sent for further processing 57F3 Form Number 57F3 Form Number on which the Items were sent Form Date Date of 57F3 Form Item Description Description of Items sent out for further processing Despatch Quantity Quantity of Items sent out for further processing Return Quantity Quantity of Items returned till date Pending Quantity Pending Quantity of Items not yet returned till date Duty Amount Amount of Duty paid on Items sent out Due Date Due Date calculated as From date Expected duration of Processing Mfg Vendor Total Duty Amount Vendor wise Total Duty Amount Location Total Duty Location wise Total Duty Amount Organization Duty Total Report s Total Duty Amount for the Organization Chosen Report is printed in the order of Vendor Name Due date Form Number and Item Description India OSP Stock Register This Report is an extract of all 57F4 transactions in an Inventory Organization Location for a given period of time and the format of the Report is as specified by the Central Excise Act Report Submission 2 94 Oracle Financials for India User Guide Use the Submit Requests INV and PO Modules form and enter India OSP Stock Register in the Name field to submit the report Report Parameters Organization Required PICK Enter the Organization for which you wish to take the 57F3 Register Report for Location
253. dit tables will be updated accordingly Successful completion of the Concurrent Request updates the audit tables with the documents that are affected the Old Tax Category and the New Tax Category It will also list the documents that could not be updated and needs manual intervention If you do not wish to change the Supplier Additional Information and the Item Category Lists then the Old Tax Category and the New Tax Category Codes can be chosen in the Parameters window On running the concurrent request all lines that have Old Tax Category Codes will be replaced with the new Tax Category Codes India Mass Tax Recalculation Request Document Type The User can select from the List of Document Type This is a mandatory parameter From Date Enter a Date Value in this field The Transaction lines with the document date created on or after this date would be considered for processing This is a mandatory parameter To Date Enter a Date Value in this field The Transaction lines with document date created on or before this date would not be considered for process This is a mandatory parameter Supplier The LOV for this parameter would display the Suppliers with transactions This field is enabled only if Purchase Type of document is chosen in the Document Type field Supplier Site The User can choose Supplier Site Id from the LOV The LOV is restricted to the value chosen in the Supplier field Customer The LOV for this parame
254. done to the Supplier specified taxes Only Third party taxes are allowed to be added to the ASBN receipt If the ASBN has a Third party tax defaulted from PO nonupdateable in ASBN by Supplier the same shall be defaulted to ASBN receipt however such taxes also can not be modified except for changing the Vendor name or Vendor Site fields on the receipt Please note here that the ASBN Invoice is created independent of the receipt and all the ASBN Supplier taxes are being defaulted directly to the ASBN Invoice Any change in the ASBN receipt to the ASBN specified taxes shall result in a mismatch between the Receipt and Invoice tax details This is the reason behind the control mechanism in ASBN receipt The same control mechanism is applicable even you make an ASBN receipt using the India Local iSupplier 10 13 India Localization iProcurement solution Please read the India Localization iProcurement solution User manual for more details Creating ASBN Invoice Once the ASBN is created by the Supplier you will get an intimation regarding the Invoice Number Invoice Date Date of Shipment Taxes on the ASBN In ASBN type of Shipments the system will automatically create the ASBN Invoice when the Receiving Transaction Processor is run if the Purchasing profile option PO Create ASBN invoices using AP interface tables is set to YES at the site level If this profile option is set to NO the ASBN Invoice need to be created using the Payables
255. ducted would be in addition to the Surcharge age to the Tax Rate e Specify the Effective Period for the TaxCode Specifying the StartDate and the End Date can do this The StartDate cannot be before the date on which you are defining the Tax Code TDS Sections This value should be selected when you define any TDS taxes WCT Sections This value should be selected when you want to define a WCT Tax The tax type for this tax also should be Tax Deduction at Source ESI Sections This value should be selected when you want to define any tax of type TDS other than WCT and TDS taxes The tax type for this tax also should be Tax Deduction at Source Defining TDS Year You need to define a TDS Year before using the TDS functionality The TDS Year represents the reporting period and would be basis for the TDS Certificate Numbering and evaluating Threshold Limits The TDS year can be different from the Accounting Calendar Year defined in the standard applications and also from the Tax Calendar Defined for the Inventory transactions Prerequisites Before you enter the TDS Year you need to e Define Organizations e Define Locations e Define Organization TDS Information In Oracle Financials for India navigate to India Local Payables gt India Localization gt Setup gt Others gt TDS Year Info 3 10 Oracle Financials for India User Guide Creating a TDS Year To create TDS Tax Codes e Select the TAN Number Value e Select
256. e Bond Register is being queried The Inventory Organization for which you want to check the Bond Register The Inventory Location for which you want to check the Bond Register User can select appropriate Bond Number from the list of LOV s User can select a value in this field only after selecting the Organization and Location Value in this field would be displayed on selecting the Bond Number This would be a display field and would indicate whether the Bond is a Letter of Undertaking The Transaction Name will be displayed here for the transaction line The Transaction Amount will be displayed here for the transaction line The Register Balance post the given transaction Wether the transaction has come from an Order or a Manual Invoice from AR Module India Local Order Management 4 51 Field Description Type Action Description Order Invoice Displayed The Order Invoice Number will be Number displayed here for the transaction line Transaction Type Displayed The Transaction Type will be displayed here for the transaction line Excise Invoice Displayed The Excise Invoice Number will be Number displayed here for the transaction line Export Approval No Displayed The Export Approval Number will be displayed here for the transaction line under which the proof of export is admitted On receipt of proof of export for a particular transaction you can take credit of the Bond amount in t
257. e Organization Item Updated In Shipping Organization Item Updated In Attribute Organization Attribute Receiving Organization RMIN RG23 A Part 1 RMIN RG23 A Part 1 RMIN RG23 A Part 1 FGIN RG1 RMIN RG23 A Part 1 CGIN RG23 C Part 1 RMIN RG23 A Part 1 CCIN RG23 A Part 1 FGIN RG1 RMIN RG23 A Part 1 FGIN RG1 FGIN RG1 FGIN RG1 CGIN RG23 C Part 1 FGIN RG1 CCIN RG23 A Part 1 CGIN RG23 C Part 1 RMIN RG23 A Part 1 CGIN RG23 C Part 1 FGIN RG1 1 114 Oracle Financials for India User Guide Shipping Registers to be Receiving Registers to be Organization Item Updated In Shipping Organization Item Updated In Attribute Organization Attribute Receiving Organization CGIN RG23 C Part 1 CGIN RG23 C Part 1 CGIN RG23 C Part 1 CCIN RG23 A Part 1 CCIN RG23 A Part 1 RMIN RG23 A Part 1 CCIN RG23 A Part 1 FGIN RG1 CCIN RG23 A Part 1 CGIN RG23 C Part 1 CCIN RG23 A Part 1 CCIN RG23 A Part 1 To view register entries navigate to Tools gt View Registers after saving the transfer record In case of Direct Organization transfer you need not record the receipt of material as the quantities in the Receiving Organization gets updated automatically on shipment Excise and VAT claims for the same is performed by the system online without any user intervention The costing for the item also gets updated based on the nature of the tax lines in the Tax Category You can view register entries of the receiving organization by querying
258. e number at the transaction so as to allow override with each shipment at the time of completing sale invoice in the case of only AR installation happening from trading organization location Maintenance of RG23D Register User will be able to maintain Register RG23D for each organization location which is identified as trading The following transactions are considered for the above register Print RG23D Register Provision to print Register RG 23D has been provided Manual entries to register RG 23D Provision has been made to add records manually to register RG23D User will not be able to update or delete the existing records Stand Alone Accounts Receivables Provision has been made to add delete or modify the tax lines after mapping of Receipts tax lines in the case of standalone AR instance Match Receipts Localized Overview This functionality is designed to support the excise related transactions for a trading organization or location If the organization or location is registered under Central Excise rules as a Dealer of Depot you can pass down the credit of duty involved in the goods you are trading The trading organization needs to track the duty involved in excise goods and the same needs to be tracked at the time of receipt The Match receipts functionality allows the user to satisfy all requirements related to a trading organization or location registered under the Central excise rules to pass on excise credit to
259. e Amount Line Amount of the Item against the line delivered will be displayed in this field Total Line amount Display Total Amount for a Line will be only displayed AR3A Form Number If you dispatch goods based on CT 3 AR3 A Date clearances Excise Exempted Transaction the AR 3 Number other document reference and date can be entered in this field Important If tax details do not get populated in the above screen even due to invalid disabled triggers the same is treated as Shipment without taxes and taxes will not flow to Accounts Receivable Module In such cases User has to raise a Debit Note for Tax Amounts in Receivables amp pass Manual Entries in Excise Registers The Excise entry number can be recorded in pre printed Excise Invoice Number for tracking purposes Bond Register In the Sales Order if you select an Order Type associated with the Bond Register Excise Transaction Type duty will not be debited in any of the duty paying registers Instead the duty will be debited to the running bond account balance Shipment created based on these Order Types would be considered for the update to Bond Register A record would be created in the Bond Register on running the Excise Invoice Generation program The Bond Amount would be reduced by the Amount of Transaction The system would raise an application error and interface trip stop would complete with an error whenever the amount of Bond Credit is lesser than
260. e Order Lines to AR If the flag is Unchecked default Excise tax attached to the Shipment is added to the Receivables of the AR Invoice Credit is given against the Account defined in the Excise Tax definition 7 4 Oracle Financials for India User Guide Trading Sub inventory Location Set up The Sub inventories or Warehouses registered as Trading Warehouses are defined as Trading Sub Inventory Locations India Local Inventory Setup Organization Subinventory Locations As a part of Localization setup the sub inventories need to be associated with Organization or Location combination Excise related transactions and records would get updated only for those sub inventories which are identified as TRADING for Trading organizations By considering the transactions of a sub inventory the check box for bonded traded needs to be enabled India Local Inventory Set up Organizations SubInventory Locations Field Description Type Action Description Header Level Organization Required PICK HELP The inventory organization name Name Location and its respective Location will be selected by the User from the LOV Line Level SubInventory Required PICK HELP The User can select the Sub inventory name from the LOV Description Displayed The Description for the selected Sub Inventory will be displayed here Bonded Flag Optional CHECK BOX This field is Disabled for a Trading Organization and Location Trading
261. e Order is in Approved or Approved and Reserved status This restriction will now be extended to the status of Reserved also under the Encumbrance support to ensure that the reserved amount is equal to the non recoverable taxes attached to the Requisition Purchase Order line India Local taxes are currently attached at the Requisition line Purchase Order Shipment level only Encumbrance is calculated and accounted based on the Requisition Purchase Order Distribution level Hence the non recoverable taxes will be apportioned to the distributions if multiple distributions exist for the line and the encumbrance amount is calculated Such apportioning is done through e Non Recoverable Tax amount will be summed up at the line level e Non Recoverable Tax amount at the line level will be apportioned to various distribution lines based on the distribution line quantity whether the value basis for the line is quantity or amount e Distribution level Non Recoverable tax amounts will be rounded to 2 decimals and rounding difference if any between the distribution level tax amounts and line level tax amount will be adjusted against the last distribution line Receiving Corrections Returns for Inventory items Purchase Order Internal Requisition encumbrances are reversed on the Inventory items Receipt Deliver event Non recoverable tax amounts of Purchase Order Internal Requisition distribution that is being received corrected
262. e Organization for which you wish to print the Report Location Optional PICK Select the location for which you wish to print the report Supplier Select the supplier if you wish to generate the report for a specific supplier Supplier Site Select the Supplier if you wish to generate the report for a specific Supplier Site Start Date Date Range to specify from which date these transactions needs to be picked 2 80 Oracle Financials for India User Guide End Date Date Range to specify till which date these transactions needs to be picked Report Headings Provide you with general information about the contents of the report Oracle lists Organization information based on User parameter input Columns Headings Name of Vendor Name of Vendor from whom the purchase was made Sales Tax Registration No of Vendor Sales Tax Registration No of Vendor as entered in vendor entry form Invoice Number Invoice Number of the purchase Invoice Date Invoice Date of the Purchase Invoice Amount Gross Amount as entered in Invoice Sales VAT Tax Rate Sales Tax Rate for the particular Invoice Line Sales VAT tax Amount Total Sales Tax Amount for the ST rate for the Invoice Report Totals Invoice Total amp Sales Tax total for the chosen period Report Summary This section of the report lists the summary Tax summary of Rate wise total for Sales Tax Total for lt Tax type gt rate Total for the Sales Tax Rate for the ch
263. e Organizations falling block under this Regime are associated to the Regime here Organization Type Required PICK For VAT only Inventory Organizations is applicable HELP 6 PP EDIT 1 30 Oracle Financials for India User Guide Field Description Type Action Description Organization Name Registrations Tab Registration Details block Registration Type Registration Name Registration Value Default Required Required PICK HELP EDIT DISPLAY DISPLAY PICK HELP EDIT CHECKBOX Name of the Organization that has to be associated to this Regime The Registration details that are given at the Regime Registration details are defaulted to the Organizations These Registration details will default on all the Organizations that are assigned to this Regime The user has the facility to change the default values at an Organization level You cannot delete a Registration here Will show default Value from Regime Registrations screen Will show default value from Regime Registrations screen Will show default value from Regime Registrations screen You can edit the information This checkbox will be checked whenever default Registration Value at the Regime level are retained It gets unchecked when Registration Value is modified The Tax Types tab shows the Tax Types associated to the regime and Organization and the 4 accounts related to this Regime an
264. e Payments Navigation India Local Payables India Localization Others India TDS Challan In this screen the user can capture the information of TDS payment details This screen would list all Payments made to TDS Authorities where the Challan information has not been entered The user would then be able to enter the attribute information for these payments The user will create an AP Invoice in the base application for payments to be made to the TDS Authorities After creating the AP Invoice the user will query this Invoice in the India Local TDS Payments screen and update the Additional Information here Find TDS Parameters field wise description Field Description Type Action Description Tax Authority EDIT PICK User needs to select the Tax Authority Name from the LOV Tax Authority Site EDIT PICK User needs to select the Tax Authority Site Name from the LOV From Date EDIT PICK Enter the date range To Date EDIT PICK Enter the date range Clear BUTTON Pressing this button will clear the screen New BUTTON Pressing this button will take the user to the next screen wherein the user can select different TDS Invoice payments and enter the Challan Number details Find BUTTON Pressing this Button system will find all the TDS Challan Details which are created earlier Field wise details of TDS Challan Details Screen India Local Payables 3 33 Field Description Type Action Description Tax Autho
265. e Purchase Orders e Receiving e Reports India Local iProcurement Overview IL support for iProcurement satisfies all tax needs of corporate requestors by providing tax links in existing base iProcurement transactions Tax Codes defined in India Localization setups can be used in iProcurement transactions Taxes get defaulted on iProcurement Requisitions Receipts including ISO Receipts Returns and Receipts Correction transactions based on the India tax defaulting hierarchy These taxes can be viewed or modified based on the user access authorization assigned to you Tax calculation and tax accounting operations available in India Local Purchasing are also applicable to iProcurement You can view accounting entries passed for iProcurement Receiving transactions using the IL forms In case of Excise and Value Added Tax VAT type of taxes CENVAT and VAT recovery claim can be done using India Localization forms Excise registers and VAT repository gets updated appropriately on completion of CENVAT and VAT claim process IL support to iProcurement also facilitates application of Bill of Entry BOE payments to Receipts created in iProcurement The Receipt can be fetched in the Receipt Localized form for application of Customs Duty against the advance BOE payment made to the authority India Local iProcurement 9 1 Major Features e User Authorization for Tax Review Only authorized users are allowed to modify sensitive tax information on iPr
266. e Type In case it is not a fresh implementation the Service Tax balance would be of a value greater than zero on date of application of the patch This balance cannot be classified by the system based on Service Type or Inventory Organizations It is recommended to carry out a settlement and then apply the patch Set up Customer Additional Information page 4 22 Set up Supplier Additional Information page 2 29 India Local Inventory 1 59 5 Define Service Types The existing Service types have been provided as seeded lookup values You need to add the lookup for new Service types whenever new Services get notified Super users can add values to the lookup Inter Organization Transfer As a part of day to day business needs organizations may require transfer of material from one Inventory Organization to another Inventory Organization Whenever such movement of material from one Organization to another happen necessary tax implications relating to Central Excise and Value Added Tax regimes need to be addressed to facilitate movement of goods Oracle Inventory provides 2 ways to transfer goods between inventory organizations e Internal Sales Order and e Inter Organization Transfer Oracle Financials for India also supports Inter Organization Transfer now Whenever there is movement of goods from one Inventory Organization to another Inventory Organization through inter organization transfer using Oracle Financials for India th
267. e a new Purchase Order through the New PO button Viewing Purchase Orders In Oracle Financials for India navigate to India Local Purchasing gt India Localization gt Purchase Orders gt PO Summary Localized Field Description Description Purchase Order Number Release Number Supplier Ship To Org Bill To Type Item The user need to specify the Purchase Order Number for which he wants to review through this View Purchase Order Summary Form The user need to the review all the Purchase Order Released under a Blanket Agreement then by specifying the Release Number in this column he can get a summarized report on all Purchase Orders raised By specifying a particular Supplier the user can view all Purchase Orders raised for that particular Supplier By specifying a particular Ship To Inventory Organization Name the user can view the entire PO raised for that Inventory Organization By specifying a particular Bill To Site Name of an Inventory Organization the user can view all the PO raised for that Bill to Location By specifying the Purchase Order Type like Standard Blanket Order or Contract Agreement he can view the report of all Purchase Order raised for a particular Type By specifying a particular Item the user can view all the purchase orders raised for that Item India Local Purchasing 2 73 Field Description Description Ship To Buyer By specifying a particular
268. e basis for Tax defaulting and calculation The Tax Registration Information will be used for Reporting As a part of set up you need to create separate records for each Supplier with Null Location where in you need to set the IT TDS related information pertaining to the Supplier as IT TDS calculations are not based on Supplier Sites You can setup the Supplier Additional Information for a Supplier NULL Site The information defined in this record will default to transactions created for all Sites However if you create this setup for Supplier Sites then the Information defined there will be the basis for Tax defaulting and calculation In the Excise block you record all Excise related information of the Supplier Site like Range Division Commissionerate ECC Number Supplier Type and Document Type as these values are used for printing different Excise related reports pertaining to the supplier related transactions If the Supplier Site is a Sales Tax registered Site located within the Site he should give India Local Purchasing 2 29 only his LST Number and the CST field should be left as null Like wise if the Supplier is a Sales Tax Registered Site located out side the State LST field should be null and only his CST details should be recorded If the Supplier is not registered under the Sales Tax Rules the user should leave the CST and LST Number fields as Null Important Excise zone needs to be filled in order to generate Excise Re
269. e business needs addressed are e Default Tax Category at the transaction level e Define the Receiving Organization as the Internal Customer e Define or Change Other Taxes at the time of Shipment in the Shipping Organization e Generate Excise Invoice Number at the time of Shipment in the Shipping Organization e Generate VAT Invoice Number at the time of Shipment in the Shipping Organization e Update Excise Records at the time of Shipment in the Shipping Organization RG 23 D in the case of Trading Organization and relevant registers in case of Manufacturing Organization e Generate VAT Invoice Number at the time of Shipment in the Shipping Organization e Generate Accounting Entries related to Central Excise at the time of Shipment in the Shipping Organization e Generate VAT Accounting Entries at the time of Shipment in the Shipping 1 60 Oracle Financials for India User Guide Major Features Organization Generate Accounting Entries at the time of Shipment for Other Taxes in the Shipping Organization Default taxes at the time of receiving Define Other Taxes at the time of Receiving in the Receiving Organization Update Excise Records at the time of Receiving in the Receiving Organization RG 23 D in the case of Trading Organization and relevant registers in case of Manufacturing Organization Claim Credit for CENVAT able Taxes in the Receiving Organization Generate Accounting Entries for CENVAT Credit in the Receiving O
270. e created has VAT type of taxes and the item is marked as VAT able you can generate an VAT Invoice for the transaction The tax repository will get updated on completion of the transaction Update of Excise Registers Update of Excise Registers would be based on the set up of Bond registers Based on the Bond Register that is attached to the Transaction Type in the Bond Register Setup used for the transaction corresponding excise records would be updated Tax Base Amount You can define precedence logic for calculation of Tax Base Amount on which the Tax Rate would be applied The Tax Base Amount can either be the line amount or line amount including other taxes calculated for the transaction Match Receipts If the creating the Invoice for a trading organization you can match the Invoice line to a Receipt On doing this the excise amount would be proportionately passed on to the Invoice line Taxes on Credit Debit Memo created against a Receivable Invoice When the receivables Invoice created has the taxes applicable and if the Credit Memo or Debit Memo is created against the given Invoice then it will also consider all the taxes applicable for the Invoice proportional to the quantity or percentage as specified Record Excise Exemptions You can choose the Exemption Type applicable to the transaction The effect on the Accounting entries and excise registers would vary based on the option chosen in this field India Local Re
271. e defaulted lines For further information see lt Defining Tax Categories India Local Inventory Chapter gt Define Item Categories Item Category allows you to assign Tax Categories to an inventory item in an Organization You can attach an Item Category to the Additional Internal Customer information The Taxes defaulted for a transaction line would be based on the Item Category attached to the Internal Customer and the Tax Category assigned to the Item in this category For further information see lt Defining Item Category List India Local Inventory Chapter gt Define Assessable Price Lists When the Taxable basis for the calculation of the Excise Duty is different from the Price at which the Item is transferred then the user will has to create additional Price Lists with the Item Excise Assessable Price This price list has to be attached to the Internal Customer or Customer Site The Assessable Price would be considered only for calculation of the Excise Duty Assessable Price Lists needs to be defined separately for Excise and VAT if the taxable basis is different For further information see lt Defining Assessable Price List India Local Inventory Chapter gt Define VAT Regime Regime would be used to define rules that would be applicable to all Taxes assigned to it You need to complete this setup step before you move ahead with other setups Setups made for a Regime would be applicable to all transactions created from the O
272. e related transactions while entering a Manual Entry Excise Basic Additional Others Excise Cess CVD Cess amount paid on delivery of goods will be displayed here India Local Inventory 1 99 Field Description Type Action Description Account Additional Optional Information Block This will be enabled only for issue related transactions to enter the account code User need to take enough care to ensure that proper GL Account is selected for the transaction as selection of improper GL accounts will have far reaching consequences for account reconciliation The user can enter the Purpose amp remarks regarding a Manual RG I entry RG 23 Register Entry RG 23A Register Adjustments Manual entries in the CENVAT on inputs can be done in this register All excisable goods of item type RMIN and RMEX and credits availed on inputs will be accounted in this register Important This feature can also be used to upload the opening balances for a newly created Organization RG 23C Register Adjustments Manual entries in the CENVAT on Capital Goods can be done in this register All excisable goods with item type CGIN and CGEX and credits availed on capital goods will be accounted in this Register This RG23 Manual Entry form can be used for both view enter RG 23A amp C Part I amp II entries Navigate to this screen from Oracle Financials for India responsibility Registers gt RG23 Register E
273. e submitted by Oracle Financials for India This request will create adjustment Accounting Costing and Excise Register Entries The program will not create CENVAT adjustments to Receipts on which CENVAT is claimed in the previous months In cases where AP Invoice is created before making a Correction entry the Invoice has to be adjusted by creating a corresponding Debit Memo On matching this Debit Memo to the Receipt Oracle Financials for India concurrent program To Insert Tax Distributions would be submitted to fetch Tax Amounts from the Receipts in proportion to the Quantity matched India Local Purchasing 2 47 Using India Mass Tax Update In Oracle Financials for India the Mass Tax update program is designed to handle impacts of Tax Rate revisions and Tax applicability changes for the following documents e Internal Requisitions e Purchase Requisitions e Request for Quotations e Quotations e Standard Purchase Orders e Planned Purchase Orders e Blanket Purchase Agreements e Blanket Releases e Sales Orders e Contract Purchase Orders On running this concurrent taxes will be recalculated for all selected OPEN documents Prerequisite Setups You must list changes in Taxes that will impact the Open transactions Following Changes Additions will be made to current Tax Setup e Tax Rate Changes New Tax Wherever the Tax Rates have changed or a new Tax has been introduced a New Tax code has to be defined A new
274. e the vital information required for the creation of the Bill of Entry in the format specified by the Bill of Entry forms regulation e Record the Total Customs Duty liability arising form the transaction 3 2 Oracle Financials for India User Guide e Create an AP Invoice for the total Customs Duty liability arising from the transaction e Maintain account for the Customs Duty Liability e Control receiving transactions until the Customs Type of taxes arising from the transaction are matched to the corresponding Bill of Entry e Enables write off of the disputed amount and amount that could not be applied fully to the transaction Bill of Entry BOE You must use this feature to capture the information required for the Bill of Entry report to be submitted to the Customs Authority While creating a Bill of Entry you can now enter the Additional CVD percentage This percentage is applied on the Total of all preceding taxes Calculation of Customs Duty This feature helps you in calculation of the Customs Duty Additional Duty and Surcharge based on the Assessable price entered for the transaction Creation of AP Invoice An Approved AP Invoice would be automatically created for the Customs Authority with the Total Customs Duty liability arising from the transaction Control over Receipt Transactions For the goods receipts that are created through India Local Receipts screen which have Customs Duty of Tax attached to it a
275. e you to auto match all the delivery lines that satisfies the given inputs This would match the selected delivery lines to the available receipts on a FIFO basis e Unmatching You have an option of unmatching a delivery that is already matched provided the same is not yet shipped This unmatch can be done for a full delivery or for a delivery detail line On use of this feature you can then split the delivery detail line into multiple lines backorder the same rectify wrong matching etc Trading Inventory Organization Setup Inventory Organization locations are further classified as trading organization in the case where only Trading activity is happening in an organization Location India Local Inventory gt Setup gt Organization gt Additional Information Trading Registration Details Use this window to enter and maintain the registration information of Organization and or Location of Trading Nature under Central Excise Rule The information entered here would be printed on all relevant reports and invoices raised from this Organization Use Trading Information Button to enter Excise Registration details of a Registered Dealer In the trading information region the user needs to give information only if the organization Location is registered under the Central Excise Rules as a Dealer Depot Trading Functionality 7 3 If the Organization Location is an Excise registered premises the user needs to give the following information
276. ear The amount that needs to be claimed later will be debited in this account The information specified in this block would be used to account for the Secondary and Higher Education Cess on Excise taxes applicable to transactions in Procurement and Sales Module India Local Inventory 1 13 Field Description Type Action Description SHE Cess Paid Required Payable SHE Cess RM Required SHE Cess CG Required SHE Cess Receivable Required PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT Specify a general ledger account to be used in accounting for Secondary and Higher Education Cess on Excise involved in Shipment transactions Specify a general ledger account that would be used to Account for the SHE Cess recovered on purchase of raw material This account would be credited when the excise liability arising from the shipment transaction is met by utilizing the SH Education Cess credit available in RG 23 A Regsiter Specify a general ledger account that would be used to Account for the SHE Cess recovered on purchase of Capital Goods This account would be credited when the excise liability arising from the shipment transaction is met by utilizing the SH Education Cess credit available in RG 23 C Regsiter The GL Account specified here would be used in accounting for Secondary and Higher Education Cess on purchase of Capital Goods for the deffered portion As per the CENVAT Credi
277. eceipt Enter Organization Item Classification and Tax Category and click on Taxes If the taxes are found in order click Confirm and close the taxes window Note For a confirmed Receipt taxes will be view only and cannot be modified TCS is charged only when you Confirm the Taxes If you do not confirm the receipts the same will be shown in the TCS Exception Report You must navigate to the Receipt and Confirm the taxes else these receipts will be nullified during settlement Note Once the Settlement Process is carried out the Receipt cannot be cancelled Run the AutoInvoice program for TCS Debit Memo Note The Debit memo created will only be visible in Transactions and not in the Transactions Localized screen TCS Settlement 1 Run TCS Settlement Report TCS Settlement Validate and pay AP invoice Update Payment Additional Information Finalize Settlement Run India Generate TCS Certificates India Local Receivables 5 7 Run TCS Settlement Report You must run the TCS Settlement Report before carrying out the actual settlement process Navigate to View gt Request gt Submit a New Request from India Local Receivables or India Local Payables responsibility Field Description Type Action Description TAN No Required PICK The TAN No for which this concurrent is being run Organization Name Optional PICK The Inventory organization for which TCS Settlement is being run Settlement Date Required S
278. eceipt e When a receipt is made for the Purchase Order the receipt should be interfaced to Project Costing module as Supplier Cost and not the Supplier Payables Invoice this is controlled by way of parameter to concurrent program PRC Interface Supplier Costs to Projects e Third party taxes on receipts are not interfaced to Payables Invoice To interface third party taxes non recoverable to Project Costing receipts should be interfaced to Project Costing module as Supplier Cost e Customs taxes on receipts are not interfaced to Payables Invoice To interface Customs taxes non recoverable to Project Costing receipts should be interfaced to Project Costing module as Supplier Cost Entering Invoices You can enter project related invoices directly in the Invoices windows in Oracle Payables You can enter project related information in the Invoices window which will default to all distributions you enter for the invoice These values can be overridden You also enter project related information in the Distributions window You can create a folder with project related fields to be used for entering information An invoice can have both project related and non project related distribution lines See Entering Invoices Overview Oracle Payables User Guide Note You can also import through the Payables Open Interface tables projects related invoices from the Invoice Gateway and other systems Currently India Localization does not sup
279. ecovery Report This Report gives you the details of Service Tax Pending Recovery This Report shows all the unpaid partly paid AP Invoices for which Service Tax Recovery Credit has not yet been availed Report Submission Use the Other Reports form India Local Receivable module and enter India Service Tax Pending Recovery Report in the Name field to submit the Report Report Parameters Primary Registration Number Required PICK The Registration Number for which the report is being generated As on Date Required The Date as on which the report is being generated Report Sample India Service Tax ST3 Report This Report gives you the details for filing the Service Tax return in ST3 Form Report Submission Use the Other Reports form India Local Receivable module and enter India Service Tax ST3 Report in the Name field to submit the Report Report Parameters Field Description Type Action Description Registration Number Required PICK The Registration Number for which the report is being generated From Date and To Required Start Date and End Date Date for which the report is being run India Local Receivables 5 99 Organization Optional PICK The Inventory Organization for which the report is being generated Service Type Optional PICK List of all available Service Types as selecting a value in this field indicates user wants to print report for a single Service type India ER1 Report
280. ects 8 15 Field Description Description Tax Amount Currency Project Name Project Number Customer Name Customer Number Organization This field displays the tax amount for the Invoice This field displays the currency for the Invoice This field displays the Project name for the Invoice This field displays the Project number for the Invoice This field displays the Customer name for the Invoice This field displays the Customer number for the Invoice Select the Inventory Organization for which you wish to update the Central Excise and Value Added Tax Registers Note Selecting Inventory Organization and Location is mandatory in this form Organization and Location selected here will be used for updating the Central Excise and Value Added Tax registers User will not be able to close this form unless Inventory Organization and Location is selected 8 16 Oracle Financials for India User Guide Field Description Description Location Register details Region Excise Invoice Excise Invoice Date Excise Register Select the Location related to the Inventory Organization for which you wish to update the Central Excise and Value Added Tax Registers Note Selecting Inventory Organization and Location is mandatory in this form Organization and Location selected here will be used for updating the Central Excise and Value Added Tax registers User will not be able to close th
281. ed under Rule 6 of The CENVAT Credit Rules 2002 this option needs to be used As per the provisions of the above rule Duty debited should not be debited to the Customer This option needs to be picked up for clearance of goods to 100 Export Oriented Units without payment of Duty against CT 3 Certificate This option may be used for transactions without payment of duty The user can enter CT2 Form No CT3 Form No Excise Exemption Certificate Number based on the above Exemption type he selected The user needs to enter date CT2 form CT3 form Excise Exemption Certificate respectively 5 66 Oracle Financials for India User Guide Field Description Type Action Description VAT Exemption Type VAT Exemption Date VAT Exemption Refno Tax Amount Block Tax Total Optional Required Opti onal Required Opti onal Displayed Displayed If you need to carry out an VAT Exempted Transaction the exemption type needs to be picked up in this field For transactions where VAT is payable this field need to be left as null Whenever you pick for an VAT Exempted Transaction all the lines get the VAT Exempted Flag and the VAT Exemption type defaulted If for any line VAT exemption is not applicable then you can uncheck the VAT exemption for such line The VAT Exemption types are Vat Exemption Item Export Inter State Sale Sale to Specified parties Transfer This field is requ
282. edit Memos for price revisions and tax rate changes Foreign Currency Fluctuations This feature includes the provision to add daily exchange rate on the processing date for raising Supplementary Invoice or Credit Memo This is required in a scenario where you have used Foreign Currency Price list for raising Invoices Revised Price List In the case of Standalone AR you must enter a Separate Revised Price List into the System through Price List Menu Supplementary Transactions can be raised on account of the following Price Change for a retrospective period Change in Tax Rate for retrospective period In both cases either a Supplementary Invoice or Credit Memo will be raised based on the retrospective changes The transactions which will have an effect on account of Price changes will be listed through the following Mapping Type Price List where OE and AR instances are available Invoice Price List where standalone AR is available India Local Receivables 5 21 e Assessable value transaction value Price List where there is change in the Assessable value Cases Handled Consider the following products and the following cases Product Name Original Price In rupees Revised Price In rupees Prod A 100 00 120 00 Prod B 100 00 90 00 Also consider the following Tax code Original Rate Revised Rate Tax Code Excise 10 12 Tax Code LST 8 2 Tax Code Sales tax 5 3 Tax Code Octroi 3 5
283. eds to be done by defining the block of asset names in the quick codes User has the option to define any logical name that need to be considered as a block of asset The user is expected to define the block of asset names prescribed by the Income tax department In India Localization navigate to India Local Fixed Assets gt Setup gt Asset System gt Quick Codes User needs to query for BLOCK OF ASSETS Filed Name Type Action Description Type Query User needs to query for the BLOCK OF ASSETS and in the lines he can record the names of the block which he intends to operate Description Displayed By default BLOCK OF ASSETS will be displayed as description Value Required Name short name of the Block which needs to be created needs to be recorded against this field Description Optional The full name with description needs to be entered in this field India Local Fixed Assets 6 3 Filed Name Type Action Description Disable Date Optional The User can specify the disable date for a value if he wants Define Depreciation Periods The User can define the Assessment years for Income Tax purposes The assessment year for Income tax purposes starts on the fist day of April and ends on the 31st day of March of the next calendar year The User needs to define Depreciation period rate as per Indian Income tax Act Depreciation Rate is based on assets installation date or date on which it is put into u
284. efer illustrations above for more details You should enter the applicable Tax Rate for the Threshold You should pick the Operating Unit here India Local Payables 3 15 Field Description Type Action Description Name You should pick the Tax Code here that applies to the particular Threshold slab Additional Information It is mandatory to attach the tax name for each Operating Unit if the user wants the TDS to be deducted automatically by the system based on the TDS Threshold setups Additional Information Tax Rate for the Tax code defined should be same as that of the tax rate specified in the slabs block Defining TDS Thresholds Exception Setup On clicking the Assign Vendors button you can create Exception setup for particular Vendor Users can use this functionality only when the checkbox Exception Setup is enabled This will take you to the following screen that displays the current assignments Navigate to India Local Payables gt India Localization gt Set Up gt Tax Set Up gt Tax India Threshold Setup gt Assign the Vendor Cick New Assignment to create new assignments and select Remove checkbox to remove the assignments made currently Field Description Type Action Vendor DISPLAY Pan No DISPLAY Org Tan No DISPLAY Remove CHECKBOX Description This field displays Vendor that is currently assigned to this Exception Setup This field displays the PAN This field displa
285. efore you enter the Bond Register Details you must e Define Organizations e Define Locations e Define Organization Additional Information e Define Transaction Types In Oracle Financials for India navigate to India Local Order Management gt Setup gt Registers gt Define Bond Register India Local Receivables 5 43 From the look ups you need to select the appropriate excise transactions Options for Manufacturing Organization are e Domestic with Excise e Domestic without Excise e Export with Excise e Bond Register For Exports Options for Trading Organization are e Trading Domestic with excise e Trading Domestic without Excise e Trading Export with Excise e Trading Bond Register For Exports Important You need to specify the Bond credit available in his running Bond account maintained for export purposes Field Description Type Action Description Operating Unit Required Pick The Operating Unit for which the Bond Register is being entered Organization Locatio Required EDIT HELP You can select Organization and its n PICK Location from LOV for which the Register setup is to be made Order Invoice Required EDIT HELP Information PICK Bond Number Optional This would be an enterable field User Required can enter Bond Number here This number can be alpha numeric Bond Expiry Date Optional The User can enter the Bond Expiry Required Date here The system would raise appl
286. eipt of AR3A form from a Customer Customer Name will be displayed India Local Receivables 5 15 Field Description Type Action Description Customer Number Customer Site Transaction Block Type Source Number Form Block Form Number Date AR3A details block Delivery Number Displayed Displayed Displayed Displayed Displayed Displayed Displayed Displayed Displayed Customer Number of the above Customer will be displayed Customer Site Ship To will be displayed Details regarding the transaction will be displayed Type of transaction either Order or Invoice will be displayed Source for the above type of transaction will be displayed Number of the transaction will be displayed Details regarding CT2 CT3 amp Excise Exemption Certificate will be displayed Form Type like CT2 CT3 amp Excise Exemption will be displayed Number of CT2 CT3 amp Excise Exemption Certificate will be displayed Date of the CT2 CT3 amp Excise Exemption Certificate will be displayed Details of AR3A forms for a transaction will be displayed here and once the AR3A forms is received back from a Customer the same can be entered in this block in received date column Delivery number will be displayed 5 16 Oracle Financials for India User Guide Reports Field Description Type Action Description Delivery Name Displayed Del
287. ementon san a es ad ele ade EE 5 7 Tracking of ST Forms Receipts nssmisiccaiede niminen aiani eia aoaaa iiaa ES 5 13 AR 3A Form Receipt Tracking OvervieW seseissiseisrisrissinsinerinrisrinsrinrintisnensrnnrnnernnennne 5 14 RG Consolidation arepan a aa a a a aed Atak 5 17 Supplementary Transactions OvervieW ss ss iesssisrissristnsiistinsririnrrnstinrrnrtnsrnntrnnrnntn neet 5 20 Duty Drawback Processing s ssissiseisiissinsiististisrtnstistintinrtnsristnntrnntnstnntnntrnntnnnnnnnnnrnnen nee 5 39 TDS Certificates Received OvervieW sssssinessiisrissrnirsrnstissrnttnsrnrtrssinrinsrnntrnrnneennrene ennn 5 40 Setting Up India Local Receivables nsnnsssinsnssineissinstinrintissrrntinintrnnrnnrrnsintnnnnnnnnnneneee 5 42 Setting Up Concurrent PrograMis iir aaa daaa aa aE aE EE EE Ea Eaa 5 51 Managing Receivables Transactions ss sssssiisrsiistssinstnsttnetetrnstnsrnnttnsrnstnsrnnrnnsrnnen nen 5 63 Using Sales Tax Declaration Forms Receipt Tracking sesnssiesrseissrrsisrinnssrnsrisrenennne 5 72 Reports onna a aaa a dates iaaea td tea andesite atateed aaaea aaan ada Enss 5 81 6 India Local Fixed Assets Fixed Asset Depreciation Calculation s ssssisssnssiseissirtinsrnsrinnnsrnstisninrnnsrnntnsrnnrnnnrenennr ent 6 1 Setting up India Local Fixed Assets 0 nasnsonaeeesnaresrarinsennreniarrisennresrarresrnaresseanresnnrenne 6 2 Transactions a ae aa a
288. en 2 You cannot claim CENVAT for a receipt if the same combination of Excise Invoice Number Excise Invoice Date has been used for India Local Purchasing 2 67 another Receipt created in the current Organization from the same Vendor Site CENVAT Credit on Capital Goods At the time of taking CENVAT Credit on Capital Goods the user can define the percentage of CENVAT Credit the user wants to take immediately on Receipt of the Goods For using this functionality the user needs to carry out the steps mentioned below Following setups are mandatory for availing partial Credit on Capital Goods and to Claim the balance later Item should be classified as Excisable Modvatable and Item class should be CGIN or CGEX After creating the Receipt Excise Document details need to be provided in Receipt localized window These values can also be filled in at the Receipts Line level If Claim CENVAT on Receipt is checked RG 23 C Part II Register Entries would be created for 50 of CENVAT applicable to the Receipt Line else if you don t check will defer the claim of CENVAT In such cases you need to follow the Claim CENVAT on Receipts process as specified in the previous section of this Chapter Remaining 50 of CENVAT Credit arising from the Capital Purchase can be claimed during the following year e Incase of Return of the Capital Goods to Supplier you can create a Return only after claiming the remaining 50 This can be claimed in
289. enerate a Supplementary Invoice and TDS Credit Memo it is mandatory to setup certain Transaction Types Supplementary Invoices are imported with these transaction types Supplementary Invoice A Transaction Type must be setup Transaction name has to be Supplement Invoice The Name is case sensitive It has to match the Text given 5 50 Oracle Financials for India User Guide Supplementary Credit Memo A Transaction Type has to be setup The Transaction name has to be Supplement CM The Name is case sensitive It has to match the Text given TDS Credit Memo A Transaction Type has to be setup The Transaction name has to be TDS Credit Memo The Name is case sensitive It has to match the Text given Setting Up Transaction Sources Supplement Invoice In the above Batch Source Tab Additional Information The Automatic Transaction Numbering is unchecked amp the Standard Transaction Type has been entered as Supplement Invoice Above Auto Invoice Options setup screen Additional Information Allow Sales Credit has been unchecked If this is not done Auto Invoice will error out with messages that Sales Representative is not valid amp Sales Credit type is not valid Supplement Credit Memo The Supplement Credit Memo has to be set on a similar fashion except for Batch Source Tab Navigate to the screen through the following path India Local Receivables Oracle Receivables Setups Transactions Sources
290. ent and Billing Notices page click on the View Update IL Info update the Excise details if required and press the Complete button to complete the ASBN process After completion of the process ASBN gets the Pending status and is ready for interfacing into receiving tables After the Shipment is interfaced the status is shown as blank in the Processing Status Column Viewing ASN ASBN Information Shipments created though ASN ASBN can be viewed by you in the Supplier View Clicking on the Shipment Number link in the Shipment Number Column will take you to the specific Advance Shipment Notice Page India Localization iSupplier Support provides button viz View Update IL Info on the View Cancel Advance Shipment Notice Page Clicking on button will take you to the View Update India Tax Page Clicking on the Continue Button will take you back to the View Cancel Advance Shipment Notice Page For Viewing the ASBN shipments the process is the same but when you click on the View Update IL Info along with the Excise Invoice Details the page will also show the Tax lines associated with ASBN The page displayed here is ina view only mode unless the ASN ASBN has the status of Partially Processed indicating that the India Localization ASN ASBN process is not completed yet In such a case the page will open in an editable mode and the process can be completed by pressing the appropriate buttons as mentioned in earlier sections on
291. ent taxes and hence required entry of Delivery Detail ID There is no need to search this delivery detail id which would make the process tedious On navigating to Localization Screen the same gets automatically populated if the Sales Order reference is given Returns without Excise Whenever a return takes place beyond the stipulated period by Excise Authorities you are prevented from claiming CENVAT benefit on the returned goods viz when returns are made beyond 180 days Under such circumstances many a times it is necessary that the Credit Memo that is raised for such return be raised for the base amount without passing on the benefit of Excise Duty For such kind of transactions the days within which if return is made the Excise to be allowed has to be mentioned in the Organization Additional Information in Excise Return Days field This ensures that when any RMA is made beyond such stipulated period the Credit Memo raised will be net of Excise RMA without Sales Tax Whenever a return takes place beyond the stipulated period by Sales Tax Authorities you are prevented from claiming the same in your Sales Tax Returns Under such circumstances many a times it is necessary that the Credit Memo that is raised for such return be raised for the base amount without passing on the benefit of Sales Tax For such kind of transactions the days within which if RMA is made the Sales Tax to be allowed has to be mentioned in the Organization Addit
292. entory Organization Setup page 7 3 Defining Accounting Information for Organization Ensure that you specify appropriate general ledger accounts in the Accounts Information tab This information will be used to account for Localization transactions All fields are mandatory Each of these fields is discussed in detail below Prerequisites Before you enter the Accounts Information gt Additional Organization Information you must 1 8 Oracle Financials for India User Guide e Define Organizations e Define Locations e Organization Additional Information In Oracle Financials for India navigate to Setup gt Organization gt Additional Organization Information gt Accounting Info The table provides a detailed field wise description of the screen Field Description Type Excise Account Information Block OSP Excise Required Excise Expenses Required Action PICK HELP EDIT PICK HELP EDIT Description These accounting information are necessary for an Inventory Organization through which all the charges related to an item on taxes will charged to respective accounting flex fields The user needs to define separate accounting flexfields for OSP Excise a c Excise expenses Excise receivable CENVAT on Raw Material CENVAT on Capital Goods Personal Ledger Account Excise RG23D Bill of entry Scrap cost CENVAT Reversal Customs write off a c This account will be used to pay the Excise Duty o
293. eparate GL Account for each organization To assign GL Accounts for Tax Types access Regime Registration screen from India Local Purchasing gt India TCS VAT Service Tax gt Setup gt Regime Registrations gt Tax Types gt Tax Account Details India Local Inventory 1 49 Field Description Type Action Description Regime Registration Details block Tax Types tab Sequence Required Tax Types Required Description Parent Tax Type of Parent Tax Accounts Details block Sequence Required PICK HELP EDIT PICK HELP EDIT DISPLAY PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT In this section of the screen Tax Types and the accounting information related to this regime are setup This is the sequence number of the tax types to be captured You should associate all three tax types Tax Collected at Source TCS Cess and TCS Surcharge Displays the description of the Tax Type Parent Tax Type is not applicable for Tax collected at source of Parent is not applicable for Tax collected at source Accounts that are going to be used for accounting of Tax Collected at Source are specified here This is the sequence number of the Account to be captured 1 50 Oracle Financials for India User Guide Field Description Type Action Description Required PICK HELP EDIT Choose from Interim Liability Account and Liability Account Note Refer Accounting sectio
294. eport Report Submission Use the Submit Requests India Local AR modules Only form and enter India Debtors Trial Balance in the Name field to submit the report Report Parameters Customer Name Optional PICK If the User wants Debtor Trial Balance for a specific Customer then he need to enter Customer Name here otherwise Trial Balance for all the Customers for a given period will be reported Customer Number Defaulted PICK Customer Number of the above Customer will be defaulted here Customer Type Optional If the User wants Debtor Trial Balance for a specific Customer Type then he need to enter Customer Type in this field otherwise Debtor Trail balance for all the Customers for a given period will be reported Start Date Required End Date Required Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings SI No Serial Number of the Trial Balance will be reported Customer Type Customer Type will be reported Customer Name Customer Name will be reported Customer Code Customer Code Number will be reported India Local Receivables 5 89 Currency The Transaction currency will be reported Entered Amount Closing Balance of a Customer in Foreign currency will be reported Rupee Amount Rupee equivalent of a Customer will be reported Supplementary Transaction Details Report AR Thi
295. er Identification Mark if any There is no validation for this field Tariff Code will be defaulted from Item Definition User can change the same There is no validation for this field This is the Quantity as per Purchase Order This could be modified based on the Actual Quantity being dispatched in the current form 2 12 Oracle Financials for India User Guide Field Description Type Action Description Item Rate Display only Dispatch value Display only Excise Rate Display only Dispatch Excise Display only Amount Processing Nature Display only Value is defaulted in this field in the following order 1 List Price from Price list attached combination of Item Vendor Vendor Site and UOM Code 2 List Price from Price List attached for the combination of Item Vendor Null Site and UOM Code 3 List Price for Item Organization combination in Item Definition 4 Item Cost for Organization Item This can be updated as per the valuation for excise per unit of OSP item Dispatch value Dispatch Quantity Item Rate Excise rate will be defaulted from Organization Parameters You can change if required as per legal provisions This is percentage rate on Dispatch value and not a per unit rate Dispatch Excise Amount Dispatch value Excise Rate This will default from Operation Description of OSP operation from the related job This can be edited if required Enter Ma
296. er Reference Guide This guide provides detailed information about setting up General Ledger Profile Options and Applications Desktop Integrator ADI Profile Options Oracle General Ledger User s Guide This guide provides information on how to use Oracle General Ledger Use this guide to learn how to create and maintain ledgers ledger currencies budgets and journal entries This guide also includes information about running financial reports Oracle HRMS Implementation Guide This guide includes modular implementation flowcharts and checklists to assist with our project planning It contains a summary of the sequence of recommended steps for implementing Oracle HRMS The Oracle Human Resources and Oracle Payroll User s Guides contains full instructions for each implementation step Oracle Inventory User s Guide This guide describes how to define items and item information perform receiving and inventory transactions maintain cost control plan items perform cycle counting and physical inventories and set up Oracle Inventory Oracle Order Management User s Guide This guide describes how to enter and process various types of orders in Order Management It also provides information on the key integration points like workflow pricing shipping receivables Order Management receives detailed item information from the Inventory application and price list information from the Pricing application Orders and returns can be entered ma
297. ersal amount Excise Duty Reversal Amount that can be claimed for the item Nature of Processing Manufacturing Nature of Processing Manufacturing to be done on the item outside the factory Serial Number of Debit Entry in PLA and Date Serial Number of Debit Entry in PLA and Date for Excise Amount Payment for the Form Factory Place of Processing manufacturing Factory Place where the items are being sent for further Processing Manufacturing Date and Time of Issue Date and Time of Issue of Items for outside processing Expected Duration of Processing Mfg Expected Duration of Processing Mfg Report Order Report is printed in the order of 57F4 Challan Forms 2 98 Oracle Financials for India User Guide 3 India Local Payables This chapter covers the following topics eTDS Returns eTDS Returns Bill of Entry BOE Capture Personal Ledger Account PLA Payment Tracking of Sales Tax Forms Issues Third Party Taxes Additions to Fixed Assets Defining TCS Authority Setting Up India Local Payables Managing TDS Transactions Service Type Review BOE Invoices PLA Invoices Payment Using Sales Tax Declaration Forms Issue Tracking India FA Mass Additions Define Invoice Tolerance Limits View Resubmit Delete Error Tax Lines Reports This feature is in accordance with the requirements of Income Tax Act The Act mandates reporting of non salary deductions through eTDS Returns These certificates replace the e
298. ervice Tax repository updates take place after performing these steps 1 Apply receipt to the projects invoice with service taxes in Receivables after running the India Import Project Taxes to Receivables 2 Run the India Service tax processing concurrent program Run the tie back to receivables process of Oracle Projects to complete the billing cycle Credit Memos and Foreign Currency Invoices Credit Memos For Invoices with Accepted in Receivables Status write off or cancellation can be done This generates a new draft invoice with negative amounts which has negative India Local taxes A credit memo is generated in Receivables for such write offs and cancellations Taxes are inherited from the parent invoice and you must not make any 8 20 Oracle Financials for India User Guide modifications to these taxes Any such modification performed will create inconsistencies in Original Invoice taxes and Credit Memo taxes All the processes described above are applicable for the negative draft invoice as well Foreign Currency Invoices For foreign currency invoices in unapproved status changes may be made to the exchange rate or currency India taxes will be recalculated when such changes are made India Local Projects 8 21 9 India Local iProcurement This chapter covers the following topics e India Local iProcurement Overview e Setting up India Local iProcurement e Processing iProcurement Transactions e Requisitions
299. ess Depreciation on the opening written down value of the block Less Depreciation on the additions during the first half of the assessment year Less Depreciation on the additions during the second half of the assessment year Closing written down value of the block of asset Run Depreciation For calculating the depreciation under Income Tax Act users need to run a concurrent program manually The program is named as Income Tax Act fixed asset schedule On completion of the program users can view and print the output and the closing written down value will get updated India Local Fixed Assets 6 9 Reports Income Tax Act fixed asset schedule concurrent program Users need to run Concurrent request to Calculate Depreciation for a Financial Year In India Localization navigate to the Income Tax Act Fixed Asset Schedules concurrent program as follows Request Name Income Tax Act Fixed Asset Schedules The parameters for this request are described in the table below Field Name Type Action Description Start Date Required Users need to enter start date from the LOV of a Financial year to run the depreciation calculation Since the financial year for the Income Tax purpose is 1st April to 31st March this start date use to be 1st of April of a year End Name Required System will consider the End date as 12 month ending from the above start date Book Name Required The User need to enter Book Name where i
300. et account This account would be credited on shipment when the excise liability arising from the shipment transaction is met by utilizing the Cess credit available in RG 23 A Register 1 10 Oracle Financials for India User Guide Field Description Type Action Description PLA Register Bill of Entry Excise RG23D CENVAT Reversal CENVAT Receivable Required Required Required Required Required PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT Enter a General Ledger account to be defaulted for Payment towards Excise Duty through TR 6 Challan Whenever the payment to Excise is made through the PLA Invoice RG Consolidation screen will update this ledger account This will also consider the PLA debit entries done through ship confirm transactions and AR Localized transactions Enter a General Ledger account to be defaulted on creation of Bill of Entry and on applying Bill of Entry to Receipt this GL account gets credited This is usually an asset account Excise Duty Account for trading item and this account will be updated for transaction happened in a Trading Organization Location This CENVAT Reversal a c will be updated for Reversal entry passed on account of Excise Exemption amp CT2 form transactions in an Inventory Organization Location The user needs to define a GL Account of Asset type that needs to hit while performing CENVAT credit trans
301. etaLink Document 394692 1 Online Documentation All Oracle Applications documentation is available online HTML or PDF e PDF PDF documentation is available for download from the Oracle Technology Network at http otn oracle com documentation e Oracle MetaLink Knowledge Browser The Oracle MetaLink Knowledge Browser lets you browse the knowledge base from a single product page to find all documents for that product area Use the Knowledge Browser to search for release specific information such as FAQs recent patches alerts white papers troubleshooting tips and other archived documents e Oracle eBusiness Suite Electronic Technical Reference Manuals Each Electronic Technical Reference Manual eTRM contains database diagrams and a detailed description of database tables forms reports and programs for a specific Oracle Applications product This information helps you convert data from your existing applications and integrate Oracle Applications data with non Oracle applications and write custom reports for Oracle Applications products Oracle eTRM is available on OracleMetaLink Related Guides You should have the following related books on hand Depending on the requirements of your particular installation you may also need additional manuals or guides Oracle Applications Installation Guide Using Rapid Install This book is intended for use by anyone who is responsible for installing or upgrading Oracle Application
302. etails to enter in each of the fields would form criteria for the records fetched You can fetch specific records based on the values entered in the query criteria India Local Receivables 5 73 The field wise description for the screen Find Sales Tax Form Details to receive the ST Forms is given below Field Description Type Action Description Find ST form Details Issue Receipt Display only Party Name Party Site Form Type Invoice from Date Invoice To Date Fin Year This field gets populated as Issue Receipt based upon the Responsibility Selected Issue in case of Payables and Receipt in case of Receivables Party Name as defined in the ST form related data Compared against the Party Name as available in the Invoices to which Sales Tax Forms is applicable Party Site as available in the Invoices to which Sales Tax Forms is applicable Form Type s which are applicable to the Sales Tax attached to the Invoices Invoices having Invoice Date starting from this date onwards would form a part of the query criteria for matching Viewing matched records Should be a valid date in DD MON YYYY format Invoices having Invoice Date till this date would form a part of the query matching matched records Should be a valid date in DD MON YYYY format criteria for Viewing Fin year as applicable to the ST Form related data for querying already entered Forms 5 74 Oracle Financials fo
303. etc in this field This information is used for printing CENVAT reports that need to be submitted to the Central Excise Authorities You need to pick the Vendor Type from the pick list The options available are Manufacturer Depot First Stage Dealer Second Stage Dealer and Importer This information is used for printing the CENVAT reports that need to be submitted to the Central Excise Authorities 2 32 Oracle Financials for India User Guide Field Description Type Action Description Sales Tax Central ST Reg No Sales Tax State ST Reg No Item Category List Assessable Value Invoice Approval block Optional Optional Optional Optional EDIT HELP PICK EDIT HELP PICK Use this field to review and enter Central Sales Tax Registration Number of this Supplier s Site This field should be null for those Supplier Sites which are not registered under Sales Tax Act and for those registered Supplier Sites falling within the state Use this field to review and enter State Sales Tax Registration Number of this Supplier s Site This field should be null for those Supplier Sites which are not registered under Sales Tax Act and for those registered Supplier Sites falling outside the state The user can enter the Item Category list then for all the items appearing in this list The taxes lines will be defaulted as per the Tax Category attached to this Item This is an option
304. eted validating Supplier Invoices and made payments to Invoices generated for TDS Authorities India Local Payables 3 35 The concurrent program should be run for a Particular TAN Number for a given Financial Year As the output would be flat file the users would be provided with an option to generate the file with separators and Headers The file can be generated in this format by checking Generate Headers parameter of the Concurrent request Using this file user can check the records and the appropriate values On finding that the data is correct you can choose select the file with same parameters without headers The file would be saved at the path specified in the utl_file_dir parameter of the Database To generate eTDS Returns navigate to India Program to Generate eTDS Certificates as follow India Local Payables View Requests M Submit New Requests This request facilitates e Specifying Query Criteria e Entering Information that would be included in the Report e Generating the Return in a readable format for the user to decipher and verify the information e Specifying the File Name The user should specify following information in the following parameters 1 TAN Number User should select the value from the LOV The User should select the TAN Number value for which the return is to be generated 2 Financial Year User has to select the Financial Year value for which the returns have to be generated
305. ettlement date for which this concurrent is being run Item Classification Required PICK The Item class for which this concurrent is being run Running the TCS Settlement report can give you the following information to be verified e Exception Cash Receipts where TCS is applicable but taxes have not been confirmed Note TCS applicability of these receipts will be nullified if you proceed with settlement without confirming the taxes You can ignore this exception only if you specifically intend to remove TCS applicability for the receipts listed This exception will not be reported again as the second run will assume you intend to remove the TCS applicability for such receipt e Warning Cash Receipts where TCS is applicable and taxes have been confirmed but have not been fully applied e Warning Invoices with TCS applicability are not complete e List of transactions in the settlement period 5 8 Oracle Financials for India User Guide e List of documents for surcharge adjustment at Threshold change e Exception Documents generated for TCS not yet imported Any document generated for TCS but not yet imported i e present in interface tables will be shown here You must import such documents before initiating TCS Settlement TCS Settlement After verifying the India TCS Settlement Report output perform the TCS settlement by navigating to India Local Receivables gt Period End gt Settlement Settlement Date can
306. f VAT Invoice and pass GL entries India Local Order Management 4 13 Field Description Type Action Description Generate Single Optional PICK You have an option of Invoice running the EDIT concurrent with Yes for this parameter which will then group delivery ids for each Customer and create a single VAT Invoice for each Customer instead of one VAT Invoice per delivery Default Invoice Date Optional EDIT Using this option you can enter a Date for which you want the VAT Invoice Date and Accounting to happen This is useful mainly for cases where shipment happens as say 11 45 pm on Month end amp you are running the concurrent during the next month but want the accounting to happen on a date different from current date This will however not impact the number series amp hence care should be taken to process all pending invoices prior to running the concurrent for the next period Debug Switch Required PICK Default value of this parameter is No but EDIT the same can be changed to Yes to see the debug messages when required 4 14 Oracle Financials for India User Guide e This program is a mandatory program to be run for generating VAT Invoice Number and generation of Accounting Entries e This concurrent will show the following error Excise Invoice generation program has not been run for various reasons or Excise Invoice Generation is not generated yet for this Delivery Please ru
307. f the goods sent for sub contracting operations are not received back within 180 days Later if the goods are received back the duty debited can be availed This requirement can be mapped through Manual RG 23 Entries Though the requirement for recording the time extensions granted by the Excise authorities does not exist the form is maintained in the current release by considering similar future requirements Navigation to India Localization gt Transaction gt Apply time Extension Field Description Type Action Description Trans Name Required ENTER The user needs to pick up either OSP Transaction or Sales return Vendor Customer Required EDIT HELP The user need to enter valid Name PICK Customer Vendor Name User Ref No Optional EDIT HELP Reference No can be entered PICK here The user need to enter valid Customer Vendor Name After querying the OSP or Sales Transaction the user can enter extended time limit for a transaction and create a record then the due date gets extended by using the below mentioned form Navigation to India Localization gt Transaction gt Apply time Extension Trans Name Vendor Name User Ref No Trans Date Original Due Date Extended Due date is displayed as per referenced transaction Field Description Type Action Description Sl No Required Sl No is a system generated Serial No Ext Days Required You can enter Number of Days for Extension Status Required
308. ficates 3 34 Oracle Financials for India User Guide Field Name Type Action Description TAN Number Required The user should pick the value from the LOV Operating Unit Select the appropriate value from the LOV Certificate Required You need to specify the period the Period period for which he wants to generate the TDS Certificate These dates will be compared against the Invoice Dates of the Invoices generated for TDS Authority Section Required EDIT HELP You need to specify the TDS Section PICK for which he wants to generate the TDS Certificate Tax Authority Optional ENTER You can specify a particular Tax Authority Name for whom he wants to generate the TDS Certificate Vendor Name Required ENTER You need to specify a particular Vendor Name for whom he wants to generate the TDS Certificate e Itis a pre requisite to run the Generate TDS Certificates to view the data in India TDS Prescribed Rates Report and India TDS Lower Rates Report e TDS Certificates would be generated only for those Invoices where TDS deducted has been remitted to the Tax Authority Payments to the Tax Authorities can be done either by paying the TDS Invoices generated on validation of Supplier Invoice or by applying a Prepayment Invoice to the TDS Invoice Generating eTDS Returns You can generate eTDS Returns using India Program to Generate eTDS Certificates Concurrent program Prior to that you should compl
309. for India prints all the 57F4 Forms up to the date you enter for this parameter Form Nos From Optional PICK Oracle Financials for India prints all the 57F4 Forms starting with the Number you enter for this parameter Form Nos To Optional PICK Oracle Financials for India prints all the 57F4 Forms up to the Number you enter for this parameter Vendor Optional PICK Oracle Financials for India prints the 57F4 Forms for this Vendor only if you enter a value for this parameter Place Optional Oracle Financials for India prints this name in Place field of 57F4 Forms Name of the Signee Optional Oracle Financials for India prints this name in Signature of Manufacturer Authorized Signatory field of 57F4 Forms Report Headings Report headings provide you with general information about the contents of the report Oracle Financials for India prints OSP Challan Number Vendor Name and Sheet Number of Certificate on all pages along with Report Heading Column Headings Description Description of Item being dispatched for outside processing Identification marks and No if any Identification marks and No if any for the item Tariff Classification Tariff Classification of the item Quantity Quantity and Unit of Measure of item being dispatched Unit assessable value Assessable Value of item Excise Duty Reversal Rate India Local Purchasing 2 97 Excise Duty Reversal Rate applicable to item Excise duty rev
310. for Rs 2769 04 Credit Memo may be raised for RS 611 20 Price Tax changes The user can decide and execute the kind of mapping he likes to do to identify the transaction which are having impact on account of Price Tax changes this screen In Oracle Financials for India navigate to India Local Receivables gt Transactions gt Supplementary Transactions gt Price Tax Changes Field Description Type Action Description Ledger Required PICK HELP Ledger name needs to be entered by the user from LOV to view the transaction 5 26 Oracle Financials for India User Guide Field Description Type Action Description Organization Optional PICK HELP The Organization name can to be entered selected by the user from LOV to view the transaction If this is left blank then the transaction for all the Organization will be displayed Customer Name Optional PICK HELP The Customer name can be entered by the user from LOV to view the transaction related to a particular Customer If this is left blank then the transaction for all the Customer will be displayed Customer site Optional The Customer Site can be entered by the user from LOV to view the transaction related to a particular Customer Site If this is left blank then the transaction for all the Customer will be displayed Batch Id Optional The User can specify the Batch Id to view the Supplementary Transactions corresponding to the Batch Id By invo
311. for the Item to be shipped from the Sending Organization to the Receiving Organization This needs to be defined and attached in the Internal Customers set up Tax defaulting hierarchy in the Inter Organization Transfer is similar to Oracle Financials for India process of Tax Defaulting for Sales Order Navigate to India Local Inventory gt Transactions gt IL Inter Organization Transfer This opens the Base Inventory form of Inter Organization Transfer Before making a 1 112 Oracle Financials for India User Guide shipment ensure that all Oracle Base Inventory setup is completed Click Transaction Lines to view the base detailed transaction form Match and Taxes button enable Inter Organization Transfer specific to Indian requirements Based on the defaulting logic defined and setups for the item transacted the Tax Category will be defaulted You can view the tax lines by clicking Taxes in the form You can modify the taxes like add new tax lines delete defaulted tax lines and alter precedence of existing tax lines Note While defining the Shipping Networks for the Organizations ensure that Inter Organization Transfer Charges Type is set to None If the same is set to any other type India Local tax engine neither considers that in the valuation of the Inventory nor in the tax lines Close the taxes form after saving your changes to get back to the transaction details form Save the transfer transaction to update and confirm the transact
312. fore you enter the Tax Codes you must e Define Organizations e Define Locations e Organization Additional Information e Define Form Names e Define TDS Sections e Define Suppliers and Supplier Sites e Define Tax Authorities In Oracle Financials for India navigate to Setup gt Tax Setup gt Taxes The taxes are relevant to a particular Operating Unit in case of a Multi Org setup Once the screen is selected from the navigator menu you have to select the Organization from the list so 1 78 Oracle Financials for India User Guide that the taxes can be related to the corresponding Operating Unit The table below provides field wise description for the Tax Definition screen Field Description Type Action Description Tax Name Required Type Required Enter a short tax name tax code in this field It is recommend that you follow a naming convention for defining taxes so that the tax name defines the usage of tax For example CST 4 C this means the tax type is of type Central Sales Tax Rate is 4 and requires C Form EDIT HELP Select type of tax from list of PICK values This will indicate how to treat the tax at transaction level The options available are Tax Name Description Tax Short ID Excise Basic BED Excise Additional AED Excise Special SED Customs Duty Basic Customs Duty SAD Customs Duty Additional CVD Central Sales Tax CST Sales Tax LST Octroi Octroi Insurance Insuran
313. form India Accounts Payable India Accounts Receivable and enter India VAT Returns Report in the Name field to submit the report Report Parameters Field Description Type Action Description Registration Number Required PICK The Registration number for which the report is being generated Organization Optional PICK The Inventory Number organization for which the report is being generated Location Optional PICK The Inventory Location for which the report is being generated This needs to be left blank if all locations are to be printed This gets enabled only if the Inventory Organization is selected From Date and To Required Start Date and End Date Date for which the report is being run India Local Payables 3 69 4 India Local Order Management This chapter covers the following topics e Sales Order India Localized e Ship Confirm India Localized e Sales Order Returns India Localized e AR3A Form Receipt Tracking e Concurrents e Setting Up India Local Order Management e Managing Order Management Transactions e Reports Sales Order India Localized You can create a Sales Order by navigating through the India Local Sales Order window This enables defaulting and calculation of Localization Taxes The defaulting is based on the three way defaulting logic followed for India Localization i e based on Customer Customer Site or Item Class Alternatively you can create a Sales Order from Inter
314. formation about the contents of the report Oracle lists Company Name based on User parameter input Column Headings GL Date GL Date for the transaction will be reported Voucher No amp Date Voucher Number and Date will be reported Check Number amp Date Check Number and Check Date will be reported Supplier Bill Number and Date Supplier Bill No amp Date will be reported Vendor Name Customer Name In the Case of Payments the Vendor Name will be reported In the Case of Receipts the Customer Name will be reported For charges in the Bank Book this field won t be having any details PO Number amp Date PO Number for the respective purchase will be reported Remarks Narration Remarks Narration appearing in the Receipts and Payments Vouchers will be reported Account Code GL Account for the respective Receipts and Payments will be reported Description 3 62 Oracle Financials for India User Guide Description of the GL Account for the respective Receipts and Payments will be reported Receipts Receipts Amount will be reported into this column Payments Payments Amount will be reported into this column Balance Balance Amount in the Cash Bank will be reported into this column India Creditors Ledger Report Use this Report to get Creditors Sub Ledger with complete details of Invoices Debit Memos and Payments Use the Submit Requests India Local Payable modules Only form and enter India Creditors Ledger Repo
315. fy the taxes defaulted on Receipts based on your Authorization Localization provides the functionality to modify the taxes at the time of receipt on completion of base iProcurement Receipt Tax changes are not allowed once you commit the tax changes and initiates the tax accounting process But taxes amounts are displayed against each receipt line to enable viewing e CENVAT and VAT claims CENVAT and VAT claims can be made for the iProcurement Receipt using MODVAT on Receipts India and VAT Tax Claim forms respectively All India tax inputs provided in iProcurement shall be fetched to the receipt form automatically e Application of Bill of Entry BOE at the Time of Receipt Provision to apply the BOE to the receipt is provided similar to CENVAT and VAT claims You need to navigate to the IL Receipt form to identify and apply the BOE payment against the particular Receipt The Bill of Entry can only be applied against the customs duty type of taxes i e Basic Counter veiling Duty and Additional Customs Duty attached to the iProcurement Receipt e Advance Shipment Notice ASN or Internal Sales Order ISO Receipts Oracle iProcurement supports multiple receipts against In transit Shipments ASN shipments and ISO receipts IL only supports creation of single receipt against an 9 2 Oracle Financials for India User Guide ASN ISO IL support to iProcurement defaults India taxes on these shipments on receiving Receipt Corrections iP
316. g LUT there would not be a Bond Amount Hence you can leave the Bond Amount field blank However it would be mandatory for you to capture the details of the Bond Number LUT No and the Bond Expiry Date In addition to this check the LUT checkbox to indicate that the Bond Type is LUT Details of exports made under bond would be recorded This information would be used to track Bond utilization Prerequisites Before you enter the Bond Register Details you must e Define Organizations e Define Locations e Define Organization Additional Information e Define Transaction Types 4 26 Oracle Financials for India User Guide In Oracle Financials for India navigate to the India Local Associate Register Types from India Local Order Management gt Setup gt Registers gt Define Bond Register The field wise description for the screen is given below From the look ups you need to select the appropriate Excise Transactions Options in Manufacturing Organization are e Domestic with Excise e Domestic without Excise e Export with Excise e Bond Register For Exports Options in Trading Organization are e Trading Domestic with Excise e Trading Domestic without Excise e Trading Export with Excise e Trading Bond Register For Exports Important You need to specify the Bond Credit available in his running Bond account maintained for export purposes Field Description Type Action Description Organization Locatio Requ
317. g Up Profile Options To use Oracle Financials for India Purchasing you need to ensure that the Profile Options mentioned below are set up accordingly in the Personal Profiles of Purchasing These settings are mandatory for using the features of Oracle Financials for India Display the Auto created Documents in PO NO Display the Auto created Quotation in PO NO Processing Mode in RCV Immediate Online 2 34 Oracle Financials for India User Guide India Receiving Transaction Processor To process pending records India Receiving Transaction Processor can be submitted manually or can be scheduled This will handle following transactions e Corrections e Deliver e Return to Receiving e Receiving e Return to Supplier This concurrent program can process in batches when RCV Processing Mode profile option is set to BATCH This concurrent program can also be scheduled for a particular Inventory Organization when P_CALLED_FROM is set to JAINPORE in concurrent program definition Navigate to India Local Purchasing gt Reports gt Run gt India Receiving Transaction Processor India Concurrent request for defaulting taxes in PO when linked with Quotation A Purchase Order can be created based on a Quotation using Sourcing rules In such cases taxes assigned to a Quotation should be carried to PO The program India Concurrent request for defaulting Taxes in PO when linked with Quotation defaults taxes from Quotati
318. g mapping details user has to run a concurrent request to identify the transactions which are to be considered for raising Supplementary Invoices Credit India Local Receivables 5 29 Memo amp Debit Memo by specifying the respective Batch_Id In Oracle Financials for India navigate to India Local Enter Transaction from India Local Receivables gt Reports gt Other gt Run gt Single Request gt India gt Generate Suggestive Supplementary Transactions Choose Batch ID This should be number generated in the Batch id field of Price Tax Assessable Value changes window Generate Memos Invoices After running the concurrent request you can find the Supplementary Transaction for which the Supplementary Debit Memos and Credit Memos will be raised In Oracle Receivables India Localization navigate to the Supplementary transactions window as follows India Local Receivables gt Transactions gt Supplementary Transaction gt Generate DR CR Memos Invoices Field Description Type Action Description Ledger Customer Name Customer Site Organization Required Optional Optional Optional PICK HELP PICK HELP PICK HELP PICK HELP Ledger name needs to be entered by the user from the LOV in which the user wants to view the Supplementary Transaction If the User wants to view the supplementary transactions which are related to a particular Customer then he can spec
319. gistration for an Inventory Organization Location which is of Manufacturing or Trading organization If No Values are entered in this block then the Organization Location is considered as Trading organization Details of the Jurisdictional Central Excise Range Office of the Organization can be entered in this block Values given in this field will be taken while printing all Excise related documents India Local Inventory 1 5 Field Description Type Action Description Excise Division Excise Registration Number Excise Zone Excise Region Excise Circle Excise Collectorate EC Code Optional Optional Optional Optional Optional Optional Optional Details of the jurisdictional Central Excise Division Office of the Organization can be entered in this block Values given in this field will be taken while printing all Excise related documents Central Excise Registration Certificate Number can be entered in this field This information will be taken while printing all Excise related documents This is an additional field provided where in the user can record some information which he needs to print in all excise related documents This is an additional field provided where in the user can record some information which he needs to print in all excise related documents This is an additional field provided where in the user can record some information which he need
320. gram would only process base Invoices As soon as this program completes successfully India Mass Additions Creation program would be submitted automatically This request would scan for all Third Party Taxes and Customs Duties applicable to the purchase In cases where the Receipt includes any such Tax this program would create one line per Receipt Tax line in Fixed Assets Mass Additions The user can view these requests in Prepare Mass Additions window These lines will India Local Payables 3 55 carry the Invoice and PO Numbers of the First Party Invoice The user can either create New Assets or Add these lines to an existing Asset or Merge them to another line India Mass Additions Creation program can also be submitted explicitly This can be used in exceptional scenarios where the third party tax lines are not transferred to FA This request can be invoked from India Local Payables View Submit Requests India Mass Additions Create Define Invoice Tolerance Limits Overview As per Indian Central Excise Act and Income Tax Act the Excise duty and TDS amount will be rounded off to the nearest Rupee and in effect the AP Invoices the Header Amount and the Distribution Amount will have minor difference Base Applications Invoices feature places an hold on Invoices that have difference between Header Amount and Distribution Amount Invoice Tolerance feature provided by Oracle Financials for India allows you to setu
321. h would be prefixed to the number series generated for each Excise Invoice The setup would be restricted to the Order Invoice Types for which it is created For all other Excise Invoices which are created using Order Invoice Types for which setup has not been made the system use the default number series This would be a numeric series starting with one increased by one The sequence would be different for each Organization Location and the nature of clearance Within the Organization the sequence would be different for the Domestic clearances and Export Clearances For further information see Defining Excise Invoice Generation page 1 19 Define Sub Inventory Location As a part of Localization setup sub inventories have to be associated to a combination of Organization Location Excise related transactions and records would be updated only for those sub Inventories that are identified as bonded for Manufacturing Organizations and as traded for Trading Organizations For further information see Defining Sub Inventory Location page 1 23 India Local iSupplier 10 5 Define Localization Item Information The recording recoverability and reporting of Localization Taxes would depend on India Localization related information setup for the Item These values have to be entered in India Localization context of the Items DFF attached to the Item Master Excise Registers would be updated only when the Excise Flag is set to YES Si
322. h Excise Transaction multiple Order Types and Transaction Sources can be assigned Order Type need to be assigned to Excise Related Transactions from Order Management Module and Transaction source need to be assigned for all Excise Related Transactions through the stand Receivable Module If the Organization Location is of Manufacturing Type Excise related Transactions for Manufacturing set up need to be associated Like wise if the Organization Location is trading excise related transactions for trading need to be associated By associating the Order Types to the Excise Transactions for an Inventory Organization and Location the related Excise Record entries will be passed based on the nature of goods cleared Generating Excise Invoice Numbers For generating user definable prefixes for Excise Invoices the Excise Transaction Type association needs to be mapped in the Excise Generation Region of Additional Organization Information screen Oracle Financials for India provides for maintenance of Multiple Bond Registers for India Local Order Management 4 25 Exports Recording Export under Bond Rule 19 of The Central Excise Rules 2002 provides for Export without payment of duty subject to the conditions and procedures specified by the notifications by the Central Board of Excise and Customs In exercise of the powers conferred under these rules the Central Board of Excise and Customs has notified through Central Excise N T Notif
323. he receipt quantities When line values are modified after completion of match activity the system reverts the quantities that were already matched against the Receipts You will need to re match the shipped quantities in order to claim the balance accrued credit Inter Organization Transfer for Trading Organization When material is transferred from a Trading Organization the user has to match the shipment against a receipt in order to update the Localization Excise Registers Unlike Manufacturing Organization where RG 1 is updated RG23D register gets updated in case of a Trading Organization The Match receipts functionality allows you to satisfy all requirements related to a Trading Organization or location registered under the Central Excise Rules to pass on Excise Credit to the Customers The Excise Duty tracked while receiving the goods in a Trading Organization can be allowed as CENVAT credit for the Customers Thus before confirming the shipment you must allocate the excise duty involved during receipt of the excisable goods While sending goods from the Trading Organization you are required to track the exact amount of Duty paid by the Original Manufacturer for passing down the credit under CENVAT procedures Clicking Match will let you match the required receipt against the shipment India Local Inventory 1 117 Field Description Description Customer name Customer Number Quantity Invoiced Matched Quantity
324. he RG 23 D register shall be hit for the Receipts Returns Based on the setup flag Excise in RG 23D in the Organization Additional Information Definition the Excise amount on Receipt shall be debited to the RG23 D account or the Inventory account By default this flag is set to NO and on delivery if the Trading Organization is an Average Costing organization the Inventory Cost shall contain the Excise Tax amount also In the case of Standard Cost organizations the Excise Tax amount shall be debited to the Purchase Price Variance account Shipment Receipts Matching In a Trading Organization each Shipment can be matched to the Purchasing Receipts so that the Excise Taxes could be passed on to the Customer FIFO LIFO method can be followed by the dealer while delivering the goods from the godown store room The matching can be for shipment Lines or the Delivery itself Matching Receipts For Trading Item This functionality is designed to support the excise related transactions for a trading organization location If the organization location is registered under Central Excise 7 6 Oracle Financials for India User Guide rules as a Dealer of Depot he can pass down the credit of duty involved in the goods with which he is trading The trading organization needs to track the duty involved in excisable goods and the same need to be tracked at the time of receipt The excise duty tracked while receiving the goods in a trading organiz
325. he Type would be useful to recognize the relevance of the tax for the Excise Registers Sales Tax Form generation and TDS Certificate generation The Type chosen would also have influence over the behavior of other fields in this form You can specify the Tax Rate Surcharge Recoverability Rounding Rule Expense Account Code Tax Third party Vendor Multi currency and Effective Period for the Tax In a multi organization setup Taxes would be specific to an Organization On choosing the Taxes Localized option from the menu you would get the list of Inventory Organizations to choose from The tax defined can be used only for the Organization for which it is defined Taxes once saved cannot be updated Define Tax Categories If you can identify your purchase and sales transactions into clear categories for which a similar set of taxes with similar precedence and calculation are applicable then you can group such taxes into a Tax Category In a Tax Category you can choose the Taxes along 1 64 Oracle Financials for India User Guide with the precedence order and calculation basis An Item Class can be identified for a Tax Category These taxes would default for all the Items falling in this class This would be useful where the Item class drives the tax applicability These taxes would default for the transactions created for the items in the item class You can however manually add new tax lines and can change delete change precedence for th
326. he VAT Invoice Number In the following scenarios no value would be displayed in this field 1 You have not specified VAT Invoice Number for any of the fields 2 More than one VAT Invoice Number has been specified for the Invoice Lines VAT Invoice Date is displayed here The date would be displayed only when the VAT Invoice Number is displayed If the VAT Invoice is received from a Supplier who is different from the PO supplier you would enter the Party on the Receipt Lines Such Party would be shown in this field However if this value is not distinct for all lines the field would not display any value Such Party would be shown in this field However if this value is not distinct for all lines the field would not display any value The Site corresponding to the VAT Supplier Site would be displayed here If this value is not distinct for all lines the field would not display any value VAT Claim status would be displayed here Following would be the distinct statuses 1 Not Claimed This value would appear if none of the Receipt lines are processed 2 Full Claimed This status would appear if VAT on all the lines are claimed 3 Partial Claimed This status would appear when only some of the lines are claimed 4 Non Claimable This status would appear when all the lines are not eligible for claim and all of them are marked as not claimable India Local Inventory 1 35 Field Description Descripti
327. he non recoverable localization taxes for the calculation of Per Landed Unit Cost This will not consider the CENVAT able Taxes and VAT Taxes Excise Defaulting for PO While creating the Purchase Order Excise information defined will be defaulted If the Purchase Order is created from a Quotation then the taxes defined for the Quotation will be considered Tax defaulting will be proportional to the quantity specified at the PO level Taxes at Time of Receipt When the material is received against a Purchase Order the taxes defined at the PO level will default Defaulting will be proportional to the quantity received Since the taxes specified on the Invoice are actually applicable user will be able to modify the Taxes as per the Invoice Localization provides the functionality to Modify the Taxes at the time of Receipt You can effectively use this functionality when there are changes in Tax Rates due to change in the statute budget etc In case of any change in Taxes from the PO the user needs to take care to update the Taxes Immediately while performing the Receipt Tax changes will not be allowed once the user comes out from the Receipt screen Receipt of Unordered Material and Applicable Taxes For Unordered Receipts users will not be able to attach or specify the Taxes applicable while creating Receipt As a result the Tax Amount will not be calculated or defaulted as the item price and currency is not known Taxes defined at the t
328. he user has Single or Required PICK Single with Master Organization Scope then he need to pickup the Inventory Organization from the LOV Item Description Required EDIT HELP Select the item from LOV for PICK which you want to view the Item Localization Info definition India Local Item Information form is invoked by opening the Localization Info Button and the information are defaulted from the Master Item regarding the Excise Flag Modvat Flag Item Class Item Folio and Item Tariff The Standard Applications Item Information form can be invoked by clicking the Open button in this form and view the item categories attributes and Revision details Outside Processing Transaction Outside Processing OSP may happen in two circumstances 1 Where processing is done without any additional material being input by the OSP Vendor 2 Where processing is done with additional use of materials The case where additional material are used by the Vendor the transaction is not being covered under Excise Rule 57 F Under Rule 57 F of Excise material may be sent outside the factory for processing on payment of specified percentage presently 10 of the value of the goods which can be reversed provided the goods comeback within the specified 180 number of days No additional material is permitted to be added by the vendor to ensure that the value 1 108 Oracle Financials for India User Guide addition relates to labor only
329. he view Bond Register This you can do by navigating to Tools Enter Approval Number This would display a sub window where you can record the Approval Number On saving the record the duty amount will get credited in the running Bond Account Tools Enter Approval Number This displays the sub window where the user can record the Approval Number On saving the record the duty amount will get credited in the running bond account Running Bond Register In Oracle Financials for India navigate to the Bond Register Summary India Localization window as follows India Local Order Management gt Setup gt Registers gt Bond Register Summary gt Tools gt Enter approval No Field Description Type Action Description Organization Locatio Displayed The Inventory Organization and its n Location will be displayed here from the transaction line 4 52 Oracle Financials for India User Guide Field Description Type Action Description Transaction Type Displayed The Transaction Type will be displayed here from the transaction line Order Invoice Displayed The Invoice Number will be displayed Number here from the transaction line Transaction Amount Displayed The Transaction Amount will be displayed here from the transaction line Export ApprovalNo Required ENTER You can record the AR4 Number and the document reference under which the proof of export is admitted Important The Number once entered is not all
330. hed to corresponding items to ensure that defaulting selecting right Tax Category results in correct TCS taxes with Surcharge and Cess To define an Item category access Item category definition window from India Local Receivables gt Setup gt Tax gt Item Categories Thresholds Setup You must define TCS Thresholds to ensure the system automatically tracks cumulative sales above a particular limit current limit is 10 Lakhs and starts charging Surcharge for sales when such Threshold is crossed To perform Threshold Setup access thresholds setup window from India Local Receivables gt Setup gt Tax gt Threshold Setup Defining Customer Registrations Tax Identification or Permanent Account numbers PAN number will be allotted to eligible organizations You must capture these details through the Customer Additional Information page 4 22 To enter TCS Registration number for a Customer access Customer Tax Information India Local window from India Local Receivables gt Customers gt Additional Information Defining TCS Receipt The Receipt Class needs to be defined in Base Receivables by navigating to Oracle Receivables gt Setup gt Receipts gt Receipt Classes The Advance Receipt for TCS Receipt Class or Payment Method is used for TCS Advance Receipts only and not for generic receipts that do not attract TCS Tax Type The Receipt Class defined here will be attached in Regime Registration and Payment Method entered in the Receip
331. hese costs shown in Projects include non recoverable portion of the India Localization taxes There are two dimensions to the information reflected in Oracle Projects costing with respect to Purchasing and Payables Module e Commitments e Actual Costs Non recoverable Financials For India Taxes in Projects Commitments 1 Enter Requisition Purchase Order with Project Related Information Taxes default and get calculated based on IL tax setups There is no change in the tax defaulting hierarchy provided by India Localization 2 You can view taxes by clicking Taxes on the localization Purchase Order Non recoverable taxes are indicated by the Modvat Flag An unchecked Modvat Flag indicates a non recoverable tax Further the destination type of the receipt also determines recoverability 3 Approve the Purchase Order 4 Run the PRC Update Project Summary Amounts for a Single Project concurrent to view the commitments created in the Oracle Projects Module Commitments in Project Status Inquiry form include the NonRecoverable tax component The India Local Projects 8 1 Projects cost reflected in Project Raw Cost and Project Burdened Cost column are inclusive of Item cost and Financials for India Non Recoverable Taxes Note Commitments view in projects also gets updated with Financials for India Non recoverable taxes in case of Supplier invoices matched to Purchase order prior to interface to Projects In this case the tax lines appea
332. holds the Master Information You can record the details of the Letter of Credits received by the Organization He should be able to make amendments view the transactions against each LC and the Balance available at any point of time Navigation India Local Order management Letters of Credit Letters of Credit Master Field Type Action Description Description LC Number Displayed The LC Number is system generated once the details are entered and saved to create an LC Reference Required EDIT Reference Number is required to be Number Protected entered while creating a new LC LC Type Required PICK The LC Type has to be chosen from Protected available LOVs This enables you to record the type of LC as one of Revolving Revocable Irrevocable and Confirmed Revocable There is no change in behavior based on LC Type Customer Required EDIT You can pickup a valid Customer for Name Number whom Localization setup exists and his Number Description Required EDIT Description of the LC is entered This is not protected from updation and can be edited latter on Original Required EDIT LC is opened with an Initial Amount Amount India Local Order Management 4 41 Field Type Action Description Description Balance Amount Displayed This Balance Amount is defaulted after each matching against the LC Start Date Required EDIT Start Date From which the entered LC is Protected effe
333. horities Customs Excise will be displayed in the list The vendor name appearing here will be defaulted in the PO tax lines and it can be changed if the user enables the update Vendor Flag at the Additional Organization Information While creating an III Party Tax that can be used in Procure to Pay Cycle you need to attach a Supplier to whom the payment needs to be done on receipt of the goods For example for a Freight type of tax you attach ABC Transport Company should have defined this Vendor in the Supplier Master and attach this tax to a PO On receipt of the goods system by considering the values at the time of receipt creates an invoice to ABC Transport company automatically At the same time for costing purpose the freight will be considered The user can enter relevant Vendor Site for the above selected Vendor Name India Local Inventory 1 83 Field Description Type Action Description Rate Block Rate Optional Unit Rate Optional Unit of Measure Optional 1 84 Oracle Financials for India User Guide EDIT PICK HELP Tax can be defined as based on any one of the Rates Unit rate Unit of Measure or adhoc type Enter the Tax Rate at which the Tax will be calculated The user can either enter Tax rate based on amount or per unit or on Adhoc basis Discounts can be specified as Negative Taxes But this works only when the Tax Types is Any Other Tax
334. iProcrement gt Shops gt Stores e Requisitions Summary page Navigate to India Local iProcurement gt Requisitions gt Requisitions e Requisitions Lines page Navigate to India Local iProcurement gt Requisitions gt Drill Down on Requisition Number Clicking these links will display the India Localization Taxes for Requisitions page with the corresponding tax details Note In the Requisition Review flow tax details page will be displayed in View Only mode Requisition Creation In the requisition creation flow India Localization Taxes can be added during the check out process in the Checkout Requisition Information page Navigate to India Local iProcurement gt Shop gt Stores gt Checkout Requisition information Click View Update India taxes to navigate to the Oracle Financials for India Tax details page India Localization Taxes page lets you add India Taxes with desired precedence for calculation Taxes are defaulted automatically when Item or Tax categories are mapped India Local iProcurement 9 7 to the Supplier Supplier Site or Item Class Apart from the defaulted taxes you can add new tax lines through Add New Tax You can also option to delete a particular tax line that is not required Provision to modify the defaulted taxes is available only to Authorized Users Note Authority to modify taxes is based on the User Profile Options assigned to you For more details on User Profile Options refer User Authoriz
335. ia Duty Drawback Report in the Name field to submit the Report Report Parameters Organization Required PICK Enter the Organization for which you wish to take the Duty Drawback Report for Location Required PICK Enter the Location for which you wish to take the Duty Drawback Report for From date Optional India Localization prints all claims for Duty drawback for the selected Organization starting with the date you enter for this parameter To date Optional India Localization prints all claims for Duty drawback for the selected Organization up to the date you enter for this parameter 5 94 Oracle Financials for India User Guide Report Headings Report headings provide you with general information about the contents of the report India Localization prints Organization related information Report date and Sheet number on all pages along with report heading on all pages Column Headings AR4 No Number of Proof if export certificate AR4 Date of Removal Date of removal of Export Goods from the Factory Item Description Description of Item being exported Destination Destination for the goods being exported Quantity Quantity of items being exported UoM Unit of Measure of items being exported Value Value of Goods being exported Item code Imported Item code CET Code CET Code of Imported Item Item description Description of Item that was imported for Manufacturing export item Rev Revision N
336. ication No 42 2001 and Notification No 44 2001 the conditions and procedures for export of all excisable goods These notifications provide for taking on a Bond Letter of Undertaking LUT for the export made to all countries other than Nepal and Bhutan and another Bond LUT for the exports made to Nepal and Bhutan To comply with the procedures specified under these notifications an Organization will have to maintain multiple Bond Registers in order to keep track of exports under bond to all countries other than Nepal amp Bhutan exports to Nepal and Bhutan and exports under Letter of Undertaking Under each of these categories there would also be a possibility for taking multiple bonds where total of Export made without proof of exports is greater than the Bond Amount Using Bond Registers in Oracle Financials for India you can maintain multiple Bond Registers for a combination of Organization and Location On taking a Bond for export you will have to create the required setup before you start creating export transactions against the Bond The only setup step would be to record the Bond details To do this navigate to Define Bond Register window Select organization Location for which the Bond would be applicable pick up the Type Bond Register and enter Bond Number Expiry Date and the Bond Amount On the lines select the Order Types that would be used for export transactions In case export is made against the Letter of Undertakin
337. ication error where the Shipment date is greater than the Bond Expiry Date 5 44 Oracle Financials for India User Guide Field Description Type Action Description Letter of Undertaking Optional Check Box Bond Amount Optional Required Additional Amount Optional Balance Amount Display This field would be checked whenever the Bond Type is a LUT Letter of Undertaking Enter the Bond Amount here The value in this field can be entered only while creating a new Bond Once the Bond details are saved these values cannot be updated If the Bond Amount is to be increased then enter the Additional Amount here Once the record is saved value in this field would be erased and the Bond Amount and Balance would be increased to this extent This field would reflect current Balance available in the Bond Register For excise related transactions from the Order Management Module you need to specify the Order Type intended to be associated with the selected Excise related transaction Any number of Order Types can be associated to one single Excise related transaction For Excise related transactions mapped through the Transaction Localized menu of the Receivable Module you need to associate the excise related transaction to the Transaction Source Any number of Transaction Sources can be associated to one Single Excise Related Transaction The transaction batch source is selected against the option
338. ified while Defining Tax The value in this field would be set to Yes whenever the Tax is Recoverable in the context of the transaction In cases where a Recoverable Tax is not recovered due to certain Item and Organization setup this field would reflect No irrespective of the value in the Recovery field This will be Yes when the Tax Amounts or the Taxes have been modified by the user Name of the Vendor will be displayed here In case of the First Party Taxes the PO Vendor Name would be displayed here In case of Third Party Taxes the Tax Vendor Name would be displayed here Vendor Site Name will be displayed here In case of the First Party Taxes the PO Vendor Site would be displayed here In case of Third Party Taxes the Tax Vendor Site would be displayed here Name of the Organization will be displayed here India Local Purchasing 2 61 Field Description Description Fin Year Register SI No Creation Date Excise Invoice Number Excise Invoice Date Transaction UOM Primary UOM Quantity Received Amount Register Tab Organization Location Fin Year Register SI No Creation Date Excise Invoice Number Register type will be either RG23A or RG23C Serial Number of the entry in the Quantity Register will be displayed here Excise Invoice Number of the Vendor will be displayed here Date of the Excise Invoice will be displayed here UOM in which the T
339. ify a TCS authority by assigning the Supplier Type as India TCS Authority To classify a supplier as a TCS Authority access Supplier window from India Local Payable gt Supply Base gt Suppliers Setting Up India Local Payables This section describes the setup procedures for Oracle Financials for India Payables You must enter the following information e Setup Information for your Company before you create Invoices with TDS Taxes attached e BOE and PLA Invoices or run any of the Payables Reports Defining Organization TDS Information Use the Regime Registration screen to capture the Permanent Account Number PAN and TDS Account Number TAN and the Ward Number applicable to the 3 6 Oracle Financials for India User Guide Organization Payables uses this information to enable calculation of TDS for the Invoices created from the Organization calculate Threshold Limits and generate TDS Certificate Numbers User should enter the values for the field Registration Value against respective attributes i e TAN No PAN No Etc Navigate to India Local Payables gt India Localization gt India VAT Service Tax gt Setup gt Regime Registration Click Organization to display the screen that lets you associate different Operating Units for the TAN value e The value entered in the TAN No field would be of great importance to you This would be the basis on which the TDS Threshold limits would be calculated If the TAN No is
340. ify that Customer name here by selecting from the LOV If the User wants to view the Supplementary Transactions that are related to a particular Customer Site then he can specify that Customer Site here by selecting from the LOV If the User wants to view the Supplementary Transactions which are related to a Organization then he can specify that Organization here by selecting from the LOV particular 5 30 Oracle Financials for India User Guide Field Description Type Action Description Invoice No Invoice Date Status Processed Date Supplementary transactions Suppl Inv Type Batch Id Optional Optional Optional Optional Optional Optional PICK HELP PICK HELP PICK HELP PICK HELP PICK HELP PICK HELP If the User wants to view the Supplementary Transactions which are related to a particular Invoice then he can specify that Invoice Number here by selecting from the LOV If the User wants to view the Supplementary Transactions for specific Invoice Date then he can specify that Invoice Date This represents the status of the Supplementary Transactions The quick fields available are Invoice Raised and Invoice not raised If the User wants to view the Supplementary Transactions for specific Process Date then he can specify that Date This represents type of Supplementary Transactions The quick fields available are Supplemen
341. ight in the Order Management Module You will also have a facility to add Localization Freight manually at this stage This information flows into Shipping Localized screen on completion of the Picking Shipping and Inventory and Order Management Interface Taxes entered in Sales Order cannot be changed at this stage However you can change or add freight details at this stage The same information flows to AR Transactions after running the Auto Invoice program The Ship Confirm India Localized functionality lets you satisfy all your needs related to Freight addition required for a Shipment Transaction You can e Query a ship confirmed Transaction using Delivery Name Order Number Customer etc to find localization related details e Add or change Freight type of Tax at this stage e Enter Pre printed Excise Invoice Numbers e View Tax lines attached to each line of delivery e On Completion of the India Excise Invoice Generation you can also view the Excise Invoice Number that has been generated against this delivery e Query based on the Excise Invoice Number generated e Query based on items Option to view all Items in the delivery or only Items whose name has been entered in the query e View details of the Duty paying Register that has been hit by the delivery transaction e Enter AR3A Form Number and Date for Excise Exempted transactions Major Features of Ship Confirm India Localized Facility to Add Freight in Ship co
342. ill be allotted to the Excise Invoice as stipulated under Rule 52 A of the Central Excise Rules one sequence for domestic transactions and another for exports Defining Sub Inventory Locations Before you start using India Local Order Management the Sub inventories have to be associated with Organization Location combination Excise related transactions and records would be updated only for those Sub inventories which are identified as bonded for Manufacturing Organizations and as Trading for Trading Organizations By considering the transactions of a Sub inventory the check box for bonded traded needs to be enabled Sub inventories that are not defined here are considered as non bonded Prerequisites Before you enter the Sub inventory Locations you must e Define Organizations e Define Locations e Organization Additional Information e Define Sub Inventories In Oracle Financials for India navigate to the Assign Sub inventories to Location India Localization window as follows India Local Order Management gt Setup gt Organization gt Sub Inventory Locations Field Description Type Action Description Header Level 4 20 Oracle Financials for India User Guide Field Description Type Action Description Organization Required PICK HELP Inventory Organization s Name and Name Location Location to be selected by the user from the LOV Line Level Sub Inventory Required PICK HELP You can select the Sub inven
343. ill fill in Customer details in the Party Details section In case you are capturing VAT payment through this screen then you should select Tax Authority in Party Details Party Name Required PICK Select Party Name HELP EDIT Party Site Required PICK Select Party Site HELP EDIT Invoice Number Optional PICK Number of Invoice issued by the arty HELP ae EDIT Invoice Date Optional PICK Date of Invoice issued by the arty HELP party EDIT India Local Inventory 1 43 Field Description Type Action Description Item Class Optional PICK You can select Item Class here HELP EDIT Item Name Optional PICK You can select the Item here HELP EDIT Remarks Optional PICK Enter Remarks if any HELP EDIT Tax Details block In this block you will enter Tax information related to the transaction Tax Type Required PICK Select Tax Type HELP LOV containing EDIT 1 Value Added Tax 2 Turnover Tax 3 Purchase Tax 4 Entry Tax 5 Octroi IND You should select the appropriate tax types You can choose multiple tax types Parent Tax Type DISPLAY This field will display the Parent Tax Type that has been setup for a Child Tax in the Regime setup Assessable Value Required PICK Enter Assessable Value for the transaction Assessable Value for HELP Child Tax will default as Value of EDIT Parent Tax 1 44 Oracle Financials for India User Guide Field Description Type Action Description Rate Required
344. ils of the Customer with Excise Sales Tax Value Added Tax Service Tax and Income Tax This information at site level would be used in the Localization Reports and hence is mandatory if Localization reports are to be used Customer Additional Information must be updated to enable defaulting of Service Type on the Sales Orders and manually created Receivable Transactions If this update is not performed you will need to manually enter Service Type for each transaction pertaining to such Customer Prerequisites Before you enter the Organization Additional Information Details you must e Define Organizations e Define Locations e Define Organization Additional Information e Define Taxes e Define Tax Categories e Define Item Categories e Define Assessable Price Lists e Define Customer Customer Sites Defining Customer Additional Information 4 22 In Oracle Financials for India navigate to the Enter Transaction India Localization window from India Local Order Management gt Customers gt Additional Information Alternatively navigate to India Local Receivables gt Customer gt Additional Information Field Description Type Action Description Operating Unit Required The Operating Unit for which Customer Additional Information is entered Oracle Financials for India User Guide Field Description Type Action Description Customer Name Site Required HELP EDIT You can select the Customer Name PICK from
345. ime of purchasing will be applicable here Tax can be attached or modified to Unordered Receipt in Receipt Localized window after matching to PO this can be achieved based on Allow tax change on Receipts flag set in Additional information If you set Allow Tax change on Receipts to Y accounting and RG is updated when Receipt localized form is closed If Allow Tax change on Receipts is set to N then RG and accounting will be passed when matched to purchase order CENVAT Records and Registers You have an option to generate consolidated CENVAT Report or to continue with RG 23 Registers Option has been provided to the user either to avail CENVAT credit immediately on Receipt of the goods or to defer taking credit for a later time In the case of Capital Goods provision to avail partial credit at the time of receipt and balance later is being provided India Local Purchasing 2 3 Payments to Vendors Other Than PO Vendor Provision to pay to the Vendor other than the PO Vendor is provided This will be required for paying the services offered by other Vendors related to that PO An approved Invoice for the Non PO Vendor will be created on running an India Concurrent for Third Party Invoices program This functionality of Oracle Financials for India can be effectively used for expenses like freight insurance etc where payment in normal case will be done directly to such agencies PO Receipt Matching You have an option to specify whether
346. in PLA Organization Additional Information The latest Excise Rules allowed settlement of Excise Liability on a Monthly basis With this system you will not have to hold shipments for non availability of funds The Allow Negative Balance in PLA Flag setup for the Organization Location allows you to over draw from the PLA balance available with you Prerequisites India Local Order Management 4 15 Before you enter the Allow Negative Balance in PLA Organization Additional Information you must e Define Organizations e Define Locations e Organization Additional Information See also Define Organizations Oracle Inventory User Guide Creating Allow Negative Balance in PLA Organization Additional Information Details To enter Allow Negative Balance in PLA Organization Additional Information Details In Oracle Financials for India navigate to the India Local Organization Tax Information from India Local Inventory gt Organization gt Additional Information Query for the Organization Location fro which you wish to make the setup Switch to Accounts Info Tab Check the Ve Balance in PLA field Important The Organization Defined should be either a Master Organization or attached to a Master Organization for Generation of Excise Invoice Numbers Excise Invoice Generation Organization Additional Information You might prefer to use a different Excise Invoice for a Transaction Source or a combination of Transa
347. in a single invoice split into two This is because the Excise Invoice number is a header level field in the report but stored at line level in the current product architecture when a invoice which has both excisable and non excisable items being shipped together the report will show All excisable lines as one invoice with Excise Invoice number in header and will show all non excisable lines as a separate invoice with Excise Invoice number appearing as blank 4 58 Oracle Financials for India User Guide 5 India Local Receivables This chapter covers the following topics Transactions Localized Overview Managing TCS Trasactions TCS Settlement Tracking of ST Forms Receipts AR 3A Form Receipt Tracking Overview RG Consolidation Supplementary Transactions Overview Duty Drawback Processing TDS Certificates Received Overview Setting Up India Local Receivables Setting Up Concurrent Programs Managing Receivables Transactions Using Sales Tax Declaration Forms Receipt Tracking Reports Transactions Localized Overview You can create transactions with localized taxes in the Receivables module The taxes would be calculated for the item based on Tax defaulting setup You will also have a facility to add localization taxes manually Where information flows into Transactions while running the auto invoice program the localization taxes defined in order management module would flow into Transactions localized window The
348. in the Type field Defining BOE Agent You need to define a BOE Agent before you start using the Bill of Entry functionality While creating a Bill of Entry transaction the BOE Agent would be listed in the LOV of the Agent Code field You can use this information for the Bill of Entry report which you might be submitting to the Customs Authorities 3 28 Oracle Financials for India User Guide Prerequisites Before you create a BOE Agent you need to e Define Organizations e Define Locations e Define Payable Options e Define Financial Options India Local Payables India Localization Setup Others BOE Agent Enter the details of the BOE Agent Defining Excise Authority You need to define a Supplier and classify the same as Excise Authority While creating a PLA Payment Transaction the Supplier would be listed in the LOV of the Authority field Such Suppliers would be used by the system while auto generating the Invoices for Excise Duty liability arising on saving the PLA Payment Prerequisites Before you create the Excise Authority you must e Define Organizations e Define Locations e Define Payable Options e Define Financial Options Creating Excise Authority To create Excise Authority e Create a New Supplier e Select India Excise Authority as the Type Setting Up Concurrent Programs The Concurrent attached under India Local Payables will help the user in meeting the Local Requirements India Local Pay
349. ing message amp open the tax window in display mode based on status of the Sales Order line Similarly Taxes will be shown in a display mode when a Sales Order line status is reflected as SHIPPED Please refer the Alert e In any event of data inconsistency where the taxes in the above tax window do not match with the taxes as displayed in the India Local Sales Order the base shipment will be stopped with the following message e QORA 20405 Taxes are not matching in JA_IN_SO_LINES and JA_IN_SO_TAX_LINE FOR LINE_ID e Under this condition Query the Sale Order amp open the above tax window Correct the tax lines amp then carry out Shipment e When deleting defaulted taxes you need to click on Apply and Save to save the deletions prior to adding new taxes No doing so will result in deletion of newly added taxes as well Returns Localized In Oracle Financials for India the localized information of the Sales Return Order can be viewed from the India Local Sales Order screen and the fields are discussed in earlier You need to click the return tab region to view the tax related information localized item information pertaining to a Sales Return Order Taxes on Sales Return Order appears as default and displayed in read only mode when the Return corresponds to a delivery detail id The Tax details are opened in editable 4 36 Oracle Financials for India User Guide mode only when such Return is made without reference and taxe
350. io This field is required when VAT nal Exemption Type is selected VAT Exemption Required Optio This field is required when VAT Refno nal Exemption Type is selected List of Buttons and Description India Local Receivables 5 69 The following buttons are available in the Enter Transaction India Localization form and their features Button name Description Purpose Open Button Select Register Taxes Pre Print Inv Nos For creating transactions in stand alone AR with localization taxes user needs to navigates to the Standard Application transaction screen only through the Transaction Localized Screen Before opening the Standard Application Transaction Screen user needs to specify the Organization and Location in the Localization Screen User needs to open the select register button only if he needs to change the Duty Paying Registers which are being defaulted User needs to verify the taxes that are being defaulted based on the tax defaulting set ups He can modify the taxes if required This can be done by clicking the taxes button User can enter Pre Printed Excise Invoice Number against a transaction The user can open Standard Apps Transaction form through this button The user can select Excise Register which is to be for a transaction The Register will be defaulted as per the preference set in Additional Information but the user is empowered to change the Register
351. ion Description Org TAN Number Organization Financial Year Quarter of the Fiscal Year Required Required Required Required PICK PICK PICK PICK The Organization TAN Number for which the report is being generated The Inventory Organization for which the report is being generated The Financial year for which the report is being generated The Quarter of the Fiscal year for which the report is being generated India Local Receivables 5 55 Field Description Type Action Description Collection Code Required PICK The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under a forest lease Timber obtained under any mode other than forest lease Any other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves Tax Authority Required PICK The Tax authority for which the report is being generated Tax Authority Site Optional PICK The Tax authority site for which the report is being generated 5 56 Oracle Financials for India User Guide Field Description Type Action Description Seller Name Required The Seller Name that needs to appear on the report Seller State Required PICK The Seller State that needs to appear on the report Address Changed Required PICK Enter Yes or No
352. ion Description Receive upto Display only This field will show the Date by which you need to receive the material back from Vendor Dispatch Register Required EDIT Select Register in which you want PICK to debit the CENVAT Credit Reversal PICK is available which will show the Register Name and current balance available Entry Number Display only On approval of dispatch entry is made in the selected Register and Entry Number is generated Receipt Register Display only PICK This will always be RG 23 A Part II as per the legal requirement Entry Number Display only On approval of Receipt entry is made in RG 23 A Part II and Entry Number is generated In Lines Assembly Display only This will show the assembly as per WIP Work Order Description Display only Description of Assembly will be defaulted as defined in Item Definition Job Name Display only Pick the Job Name from LOV Item Description Display only These fields will show Item Code and Description India Local Purchasing 2 11 Field Description Type Action Description Unit of Measure Identification Display only Tariff Code Display only Dispatch Quantity Unit of Measure for the Item being dispatched Primary UOM of the Item shall be defaulted However other UOM s could be used if UOM conversion is defined for the Item The quantity and rate details shall be automatically recalculated based on the UOM conversions defined Ent
353. ion Type Action Description Generate Headers Required PICK The Concurrent can be run with any one of the following two parameters No Generate the Flat File Yes Generate the Flat File with Headers This concurrent will not generate a report output but will generate a flat file at your specified location which can be used to file eTCS Annual returns Managing Receivables Transactions This Section elaborates Transaction cycles in India Localization Accounts Receivables Module This section gives further details on using Transactions Localized AR 3A Form Tracking Supplementary Invoices and TDS Certificates Received Transactions Localized Transactions with localized taxes can be created in the Receivables Module The taxes will get calculated for the item based on the tax defaulting set ups or taxes can be added to the transactions manually Transactions in AR with can be created through the Auto Invoicing where the transactions done in Order Management Module will get interfaced to the Receivables Module The taxes from the Order Management Module will be interfaced to AR while running the Auto Invoice Program The other option is to create stand alone AR transactions in AR with localization taxes Based on the tax defaulting set up the localization taxes and freight will get calculated for the transaction Based on the set up in Bond Register Excise transactions will get recorded in the respective Excise Re
354. ion and restrict further modifications Saving the inventory transfer record also generates the Excise and VAT Invoice Numbers when the item has Excise and VAT Taxes The Invoice numbers generated on saving the transaction are shown in a separate form Field Description Line Number Line Number of the item being transacted Exc Inv No Excise Invoice Number generated for the Transaction if the item is excisable and transaction has Excise Type of Taxes Vat Inv No VAT Invoice Number generated for the Transaction if the item is defined in the VAT Item Classification and transaction has VAT Type of Taxes Item Gives the description of the Item being shipped Quantity Displays the Quantity being shipped for the Item against the transaction From Org Displays the name of the Organization from where the goods have been shipped for this transaction India Local Inventory 1 113 Field Description To Org Displays the name of the To Organization where the goods have been shipped for this transaction From Subinv Displays the Sub Inventory of the Shipping Organization from where the goods have been shipped for this transaction To Subinv Displays the Sub Inventory of the Receiving Organization to which the goods have been shipped for this transaction The register updates for the various type of Inter Organization Transfer from Excise perspective are Shipping Registers to be Receiving Registers to b
355. ion for selecting Invoices to match the Form Amount Else you can leave the form amount to be automatically populated upon save based on the sum of all Invoice level Form Amounts Match All On checking Match All field the system automates matching based on the header form amount To use this feature it would be a pre requisite to enter Fin Year Form Number Form Amount and Form Date and Transaction Date fields India Local Receivables 5 75 The Match all Checkbox is unchecked by default Un checking the checkbox causes the detailed Invoice level form amount to be set to Zero Queried Amount Queried Form Amount fields displays the total Form Amount that can be matched across all unmatched Invoices This is a display only field and cannot be modified Detail Section This section displays unmatched Invoices in Receipt Tab Page The records would be grouped based on the combination of Invoice and Transaction Id The sum of all Invoices level Form Amounts entered is displayed at the bottom in the Total Form Amount display field Important It is mandatory that the sum of detail level Invoice Form Amounts match with header Form Amount This is applicable only when you enter the Form Amount In case of Invoices with negative tax target amounts the form amount entered should exactly be equal to that of the Tax target amount The amount to be tracked Tax Target amount reflects the base amount on which Sales Tax is calcula
356. ional Information Sales Tax Return Days field This ensures that when any RMA is made beyond such stipulated period the Credit Memo raised will be net of Sales Tax AR3A Form Receipt Tracking Material Clearance without payment of duty under AR3A needs to be tracked for receipt of Re warehousing Certificate AR3A Receipt Tracking feature of Oracle Financials for India can be used to meet this requirement All clearances under Excise Exemptions is recorded and on receipt of the authenticated document the Receipt Date India Local Order Management 4 7 can be recorded The data thus collected can be used to monitor the Rewarehousing Certificates that need to be received from Customers at any point of time The AR3A Receipt Tracking functionality allows user AR3A forms due from Customers Users can e Track AR3A Forms to be received from the Customers You can enter the Date on which the Form is received e Generate a Report to view the AR3A forms pending from each Customer Reports India AR3A Status Report lists all exempted sales transactions while an Acknowledged AR3A form is pending from Customer Concurrents India Local Order Management requires the following concurrent programs to be run India Excise Invoice Generation This is a mandatory concurrent program if you are using Excise Type of localization taxes which generates Excise invoice Number against delivery and also hits Excise registers based on the Delivery ID
357. ions Localized Open and create the transaction 2 Then Advance Receipts 1 Create a normal receipt with Payment Method as Receipt for TCS 2 Navigate to View gt Zoom before saving the receipt This will open the India Local Cash Receipts window Field Description Type Action Description Customer Name Display The customer for whom the receipt is being entered India Local Receivables 5 5 Field Description Type Action Description Customer Number Customer Site Receipt Number Receipt Amount Organization Item Classification Tax Category TCS Document No Display Display Display Display Required PICK Required PICK Required PICK Display The customer number for which the receipt is being entered The customer site for which the receipt is being entered The receipt number that is being entered The receipt amount that is being entered The Inventory Organization against which this receipt is being entered The Item class for which this concurrent is being run The Tax Category for this receipt based on which Taxes will be deducted Note Only Tax Categories with TCS Tax Type will be displayed in the LOV The TCS document that gets generated for this receipt 5 6 Oracle Financials for India User Guide Field Description Type Action Description Total Tax Amount Display The Total TCS Tax amount that got charged to this r
358. ipts made by customers To attach Receipt Class access Regime Organization Registration screen by navigating to India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations Organizations Note Receipt Class can be attached either at the Regime level or at the Organization level Service Tax by Inventory Organization and Service Type The Service Tax Regime Registration will now be stored at Inventory Organization level instead of Operating Unit level The Migration script provided in the patch would update the Operating Unit level setup to Inventory Organization which needs to be reviewed and corrected if required Major Features e Provision to capture Service Type for a Customer or Supplier The default Service Type can be setup for Customer or Supplier at Null Site and Site Level This setup will be used to automatically default the Service Type on Documents like Sales 1 58 Oracle Financials for India User Guide Order Receivable Transaction and Purchase Orders Provision to default and change Service Type for a Sales Order Purchase Order Receivable Transaction The Service Type Defaulted can be changed on the Sales Order Purchase Order and the Receivable Transaction Option to Review and update Service Type for existing Transactions The Transactions which have taken place after last settlement and prior to Patch application would get stripped by Inventory organization by the migration script but
359. ired EDIT HELP You can select Organization and its n PICK Location from LOV for which the Register setup is to be made Order Invoice Required EDIT HELP Information PICK Bond Number Optional This would be an enterable field User Required can enter Bond Number here This number can be alphanumeric Bond Expiry Date Optional The User can enter the Bond Expiry Required Date here The system would raise application error where the Shipment Date is greater than the Bond Expiry Date India Local Order Management 4 27 Field Description Type Action Description Letter of Undertaking Optional Check Box This field would be checked whenever the Bond Type is a LUT Letter of Undertaking Bond Amount Optional Enter the Bond Amount here The Required value in this field can be entered only while creating a New Bond Once the Bond details are saved these values cannot be updated Additional Amount Optional If the Bond Amount is to be increased then enter the Additional Amount here Once the record is saved value in this field would be erased and the Bond Amount and Balance would be increased to this extent Balance Amount Display This field would reflect current Balance available in the Bond Register Additional Bond Button Use this button to capture additional bond amount On clicking this button you will be allowed to enter value in Addition Amount field On saving this value will be added to the
360. ired when VAT Exemption Type is selected This field is required when VAT Exemption Type is selected Tax amount of the Standard Apps Form will be displayed here Total amount of the transaction including tax for a line will be displayed here India Local Receivables 5 67 Field Description Type Action Description Update RG Flag Displayed This will be enabled only when the transaction batch source is having an association with any of the Four Register Types being Bond Register For Exports Domestic with Excise Domestic without Excise Export with Excise for that Organization and Location The user can update the flag when the check box is checked to make it unchecked The vice versa is not possible Important By default the duty will get debited in the register based on the register preference set up in the Additional Supplier Information User has an option to change the duty paying register for each transaction Field Description Line block AR 3 A form No AR 3 A form Date Exempted Flag Type Action Conditionally Required Conditionally Required Conditionally CHECK Required BOX Description In the case of CT2 and CT3 Transaction Form AR3A needs to be accompanied with the shipment then the User needs to specify the AR3A form Number in this field AR3A form tracking will be done for Customer wise which will be useful to the User to follow up the outstanding AR3A for
361. is field will get updated whenever any change made in the tax calculation Line Number of a Requisition will be displayed here The Item selected in the Std Apps Requisition form for this line will be displayed here The Item Description will be displayed here UOM of the entered Item will be displayed 2 38 Oracle Financials for India User Guide Field Description Type Action Description Qty Price Amount Tax Amount Total Line Amount Footer Block Display only Display only Display only Display only Display only Requisition Quantity will be displayed here Price at which requisition is raised for an Item will be displayed here Represents the Material Cost excluding Tax will be displayed here Tax Amount for a Item in a line are defaulted from India Local Tax Details form and this field will get updated whenever any change made in the tax calculation Represents the Total Line Amount for a line The information relating to Inventory Module like Destination type Requester Organization Location Sub inventory are defaulted from Standard Applications Requisition form The information regarding Supplier like Source Supplier Name Site Contact Phone are defaulted from Standard Applications Requisition Form See Also Oracle Purchasing reference User Manual for details on Requisitions in the Standard Applications Click Taxes in the India Loca
362. is form unless Inventory Organization and Location is selected Register Details Region will not display any values until the Projects Invoice is released Draft Invoice generated in projects this invoice is approved User can modify any tax details after approval of the invoice as well All the tax details will be frozen once the Invoice is released Release of Invoice will also generate Excise and VAT Invoices This will perform Central Excise and VAT Accounting and update the respective Central Excise Register and VAT repository as well Note Project Invoices do not have any link to items Hence the quantity registers will not be updated You should make manual entries for the required quantity register updates This field will display the excise invoice number generated related to this Project Invoice This field will display the excise invoice date related to this Project Invoice This field will display the excise register updated related to this Project Invoice This register relates to the utilization of excise India Local Projects 8 17 Field Description Description VAT Invoice VAT Invoice Date Lines Section Field Name Default Value Default for all the record Default Line Number Description Line Amount Tax Amount This field will display the VAT invoice number generated related to this Project Invoice This field will display the VAT invoice date related to this Project I
363. is guide Oracle Shipping Execution User s Guide This guide describes how to set up Oracle Shipping Execution to process and plan your trips stops and deliveries ship confirmation query shipments determine freight cost and charges to meet your business needs Oracle Trading Community Architecture User Guide This guide describes the Oracle Trading Community Architecture TCA and how to use features from the Trading Community Manager responsibility to create update enrich and cleanse the data in the TCA Registry It also describes how to use Resource Manager to define and manage resources Oracle Trading Community Architecture Administration Guide This guide describes how to administer and implement Oracle Trading Community Architecture TCA You set up control and manage functionality that affects data in the TCA Registry It also describes how to set up and use Resource Manager to manage resources Oracle Trading Community Architecture Reference Guide This guide contains seeded relationship types seeded Data Quality Management data D amp B data elements Bulk Import interface table fields and validations and a comprehensive glossary This guide supplements the documentation for Oracle Trading Community Architecture and all products in the Oracle Customer Data Management family Oracle Trading Community Architecture Technical Implementation Guide This guide explains how to use the public Oracle Trading Community Arch
364. is made on end dates Report Headings Report Headings provide you with general information about the contents of the report Oracle lists information on Various Tax Categories and Tax Names defined in the system Column Headings Tax Category India Local Inventory 1 121 Item Class Code Category effective date from Category effective date to Tax Name Amount UOM Rate Adhoc Flag Tax Name effective date from India Excise Duty Claim for RMA Report This Report gives you the Amount that can be claimed from Excise Authorities on the Excise amount of a RMA Receipts Report Submission Use the Submit Requests India Local INV module form and enter India Excise Duty Claim For RMA Receipts in the Name field to submit the report Report Parameters Customer Name PICK Optional The User wants to see the RMA Receipt from Particular Customer and the Excise Claimable amount then he can specify the Customer Name here Customer Number Customer Number of the above Customer will be defaulted here RMA No The User can enter specific RMA Number Start Date Required End Date Required Report Headings Report Headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings RMA No RMA Line RMA Date RMA Type 1 122 Oracle Financials for India User Guide Sub Inventory The Delivered Sub Inventory for the Return material
365. isitions Summary window from India Local Purchasing gt India Localization gt Requisitions gt Requisition Summary Localized Field Description Type Action Description Requisition Number The user need to specify the Requisition Number which he wants to review through this View Requisition Summary form otherwise all the Requisition will appear in the summary Preparer The user need to review all the requisition prepared by a person then by specifying the Name of the Preparer in this column he can get a summarized report on all Requisition raised by that Preparer Approval Status If the user wants view all the Requisitions with a particular Approval Status the Quick field for Approval Status are Rejected Require Re approval Returned then he can specify that and view the summary report Order Number The user can view the Requisition summary report for a particular purchase order by specifying the Order Number here India Local Purchasing 2 71 Field Description Type Action Description Type Requester Item Supplier Optional Optional Optional Optional By specifying the Requisition type like Purchase or Internal he can view the reports of all Requisitions raised for a particular Type By specifying a particular Requester Name the user can view all the requisitions raised by that Requester By specifying a particular Item the user can view all the requisi
366. isplay LC Number to which the Order line is matched Important If an Order is LC enabled the Delivery needs to be matched fully with a LC for the Customer prior to Ship Confirming else system will prevent the Shipment from taking place till such Matching is completed If the Matched Quantity is not equal to the quantity being shipped the base shipment will be stopped with the following message ORA 20401 LC Matched Quantity X should be equal to Shipped Quantity Y for LC enabled Orders In the given case match the balance quantity amp then try shipping If the Order is Attached to Bond Register LUT Letter of Undertaking Excise Duty and Excise Cess will not be considered for LC Matching LC Matching can be carried out provided the LC Balance is equal or more than the Order Amount Shipment Confirmation Localized You can enter any one of the following fields such as Departure Name Customer Order Number Batch Name Ship date Delivery Name Warehouse Order type Waybill to help in specific query of records in the Ship Confirmation Screen Before dispatching the goods the Sales Order needs to be released and the shipping need to be Confirmed through the standard application You need to take enough care to ensure that the correct taxes are defaulted in the Sales Order before Releasing Confirming the shipment of the Order Warning The localization taxes cannot be modified once the Order is Released Shippe
367. isplayed Displayed Required Required CHECK BOX CHECK BOX CHECK BOX Tax Amount for a Item in a line is displayed here If you modify the tax lines for RMA without reference then the modified Tax Amount for a Item from the India Local Tax details form will be displayed here Total Amount is the sum of Line Amount and Tax Amount for a Item appearing in a line The Excise Duty Rate at which Excise has been charged for a Trading Scenario The Rate per unit at which Excise has been charged for a Trading Scenario This indicates that the Item has been received Unchecking this would mean that the Credit Note generated against such RMA Order should be without Excise Duty Unchecking this would mean that the Credit Note generated against such RMA Order should be without Sales Tax RMA Return Receipt Localized RMA Receipts should be created using the new screen common for PO Receipts and RMA Receipts You should navigate from this screen to the base receiving screen and complete the RMA receipt transaction You should capture additional details related to the receipt such as RMA Type Excise Invoice details etc in the India Localization screen The user has the facility to use the Populate Defaults feature This feature allows the users to populate same Excise Invoice number and date for multiple lines Localization will create entries depending on Return Type 4 38 Oracle Financials fo
368. isplays name of the Vendor defaulted from Supplier Additional Information screen This field displays Vendor Number defaulted from Supplier Additional Information screen This field displays name of the Vendor Site defaulted from Supplier Additional Information screen This field displays Vendor Type defaulted from Supplier Additional Information screen This is not applicable for the TDS Functionality You can check this box to generate pre validated TDS Invoices and Credit Memos Capture TDS Vendor Type here Please refer discussion above for more details Capture PAN of the Vendor in this field India Local Payables 3 19 Field Description Type Action Description TAN No Required PICK Capture TAN of the Vendor in this field HELP EDIT Ward No Required PICK Capture Ward of the Vendor in this field HELP EDIT Confirm Pan Required CHECKBO Check this box to confirm PAN of X the Vendor TDS Details block Default TDS Section Required PICK Select a default TDS Section for this Vendor TDS will be deducted based HELP on checking the Threshold for this EDIT section Tax Name Optional PICK You can select a default Tax Code here You can select the value for this HELP field only for the Vendor Site level EDIT record Even though the Tax Name is attached here system will not generate any TDS until the first TDS Threshold slab is crossed At any point of time total TDS deducted would be as per the TDS Threshold setu
369. itecture application programming interfaces APIs and develop callouts based on Oracle Workflow Business Events System BES For each API this guide provides a description of the API the PL SQL procedure and the Java method as well as a table of the parameter descriptions and validations For each BES callout this guide provides the name of the logical entity its description and the ID parameter name Also included are setup instructions and sample code Integration Repository The Oracle Integration Repository is a compilation of information about the service endpoints exposed by the Oracle E Business Suite of applications It provides a complete catalog of Oracle E Business Suite s business service interfaces The tool lets users easily discover and deploy the appropriate business service interface for integration with any system application or business partner The Oracle Integration Repository is shipped as part of the E Business Suite As your instance is patched the repository is automatically updated with content appropriate for the precise revisions of interfaces in your environment Do Not Use Database Tools to Modify Oracle Applications Data Oracle STRONGLY RECOMMENDS that you never use SQL Plus Oracle Data Browser database triggers or any other tool to modify Oracle Applications data unless otherwise instructed Oracle provides powerful tools you can use to create store change retrieve and maintain information in a
370. itted it for processing isupplier show the Advance Shipment Notice Confirmation page Navigation Path iSupplier gt Shipments gt Shipment Notices gt Create Advance Shipment Notice gt Shipment Header gt View Update IL Info India Localization iSupplier Support provides you a button to View Update the IL Information on the ASN The Excise details like the Excise Invoice Number and Excise Invoice Date can be entered and saved by clicking this button After entering the Excise Details if any for the Shipment click on Apply Changes to save the data on the View Update India Tax Page and then click on Continue to complete the Transaction The Excise Invoice Number and Excise Invoice Date entered on this page will default on to the Excise Invoice Number and Excise Invoice Date fields in the Receipt Localized form when Buyer creates the Receipts against this ASBN The View Cancel Advance Shipment Notices Page displays all information pertaining to the shipments that have been carried out along with the Status of the Shipment You have the option to go back to the Shipment creation process without pressing the Continue button In such an event the ASN will be in a status Partially processed and it will not be interfaced to the Receiving transaction interface and hence will not be available for receiving You can query the ASN again using the View Cancel Advance Shipment and Billing Notices page click on the Vie
371. ivery Name will e displayed Delivery Date Displayed Delivery Date will be displayed AR3A Form Number Displayed AR3A Form Number will be displayed Date Displayed AR3A Form Date will be displayed Received Date Enterable The Date on which the User received back the AR3A form from the Customer After receipt of a AR3A form the same will be removed from the outstanding list of AR 3A form to be received from a customer Delivery Number Name amp Date are visible only for Transactions which are imported from Order Management Responsibility and not applicable to Manual Transactions entered in Receivables using Transactions Localized Form Receivables generate this report for India India AR3A Status Report Lists all the exempted sales transactions against while an Acknowledged AR 3A form is pending from customer RG Consolidation The excise rules allow monthly settlement of liabilities arising during the period Oracle Financials for India provides a feature Allow Negative Balance using which you are allowed to complete a sales transaction even though the register balances are not adequate The PLA Register will be updated irrespective of a negative balance To calculate the net liability during monthly settlement you can use the RG Consolidation feature The RG Consolidation window e Displays the balance in each register for a selected organization e Allows you to transfer the credit available in CENV
372. ization Location combination Excise related transactions and records will be updated only for those Sub inventories which are identified as bonded for Manufacturing Organizations and as Trading for Trading Organizations By considering the transactions of a Sub Inventory the check box for bonded traded needs to be enabled Important It is mandatory to complete this setup irrespective of the fact that the Sub inventory is not bonded You can leave the Bonded checkbox blank if the Sub inventory is non bonded Prerequisites Before you enter the Sub Inventory Locations you must e Define Organizations e Define Locations e Organization Additional Information e Define Sub Inventories In Oracle Financials for India navigate to Setup gt Organization gt Sub Inventory Locations The table below provides field wise description of the Assign Sub India Local Inventory 1 23 Inventories screen Field Description Header Level Organization Name Location Line Level Sub Inventory Description Bonded Flag Trading Flag Type Action Required PICK HELP Required PICK HELP Displayed Optional CHECK BOX Optional CHECK BOX Description Inventory Organization s Name and Location to be selected by the user from the LOV You can select the Sub Inventory name from the LOV The Description for the selected Sub Inventory will be displayed here You need to specify whether a Sub Inventory belonging to
373. ke wise if the Organization Location is Trading excise related transactions for trading need to be associated By associating the Order Types to the excise transactions for an Inventory Organization and Location the related Excise Record entries will be passed based on the nature of goods cleared Generating Excise Invoice Numbers For generating user defined prefixes for Excise Invoices the Excise transaction type association needs to be mapped in the Excise Generation region of Additional Organization Information screen India Localization provides maintenance of multiple Bond Registers for exports 5 42 Oracle Financials for India User Guide Prerequisites Recording Export under Bond Rule 19 of The Central Excise Rules 2002 provides for Export without payment of duty subject to the conditions and procedures specified by the notifications by the Central Board of Excise and Customs In exercise of the powers conferred under these rules the Central Board of Excise and Customs has notified through Central Excise N T Notification No 42 2001 and Notification No 44 2001 the conditions and procedures for export of all excisable goods These notifications provide for taking on a Bond Letter of Undertaking LUT for the export made to all countries other than Nepal and Bhutan and another Bond LUT for the exports made to Nepal and Bhutan To comply with the procedures specified under these notifications an organization will have to
374. king the new button the user can perform the desired mapping In Oracle Financials for India navigate to India Local Receivables gt Transactions gt Supplementary Transactions gt Price Tax Changes gt New Find Field Type Action Description Description Header Level Ledger Required PICK HELP The Ledger name needs to be entered by the user from LOV India Local Receivables 5 27 Field Description Type Action Description Organization Functional Currency Customer Name Customer Site Batch Id Line Level Optional PICK HELP Displayed Optional PICK HELP PICK HELP Optional Displayed Required PICK HELP The Organization name can to be entered by the user from LOV If this is left blank then the transaction for all the Organization will be considered Functional Currency in a Set of Book will be displayed here Users can select Customer Name from LOV If Customer Name is left blank then the transaction for all Customers will be considered in the mapping Users can select Customer Site from LOV If Customer Site is left blank then the transaction for all Customers will be considered in the mapping Generates Batch Id for set of mapping and displayed in these fields Based on this Batch Id the user can run the program to raise Supplementary Transactions concurrent The Quick fields available for Mapping Type are Price List Assessable Price List
375. l Requisition to open the tax details The Tax Lines will default based on the Tax Category attached to the Item Class applicable to the Item or based on the Item Category list attached to the Supplier Supplier Site You can add Tax lines manually Precedence of taxes will decide the basis for calculating the Tax Amount You can specify the precedence in the Precedence fields Important It is advised that you verify the tax lines and Approve the India Local Purchasing 2 39 Requisition otherwise you cannot change the tax line after Approval of Requisition For Excise CVD related taxes on which credit can be claimed under CENVAT scheme you need to ensure that appropriate credit percentage is defined in the Tax Definition and the CENVAT credit is considered for deriving the Item Cost while performing a Receipt The Vendor Name for a Tax in the Tax Details window will be the same as specified in the header line of a requisition or the Vendor Name specified in the Tax Definition But for the Tax lines with Taxes that have Update Vendor Flag enabled you can Add Change the Vendor Name in the Tax Details window While creating a requisition you can enable the RFQ Required Flag depending upon the type of requisition being entered RFQ Localized You can create a RFQ from India Local RFQ window This will enable defaulting and calculation of Localization Taxes The defaulting is based on the Three way defaulting logic followed for Or
376. l Year Required PICK The Financial year for which the report is being generated Collection Code Required PICK The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under a forest lease Timber obtained under any mode other than forest lease Any other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves Tax Authority Required PICK The Tax authority for which the report is being generated 5 60 Oracle Financials for India User Guide Field Description Type Action Description Tax Authority Site Seller Name Seller State Address Changed since Last Return Collector Status Person Responsible for Collection Designation of Person Responsible Address of the Person Responsible State of the Person Responsible Optional Required Required Required Required Required Required Required Required PICK PICK PICK PICK The Tax authority site for which the report is being generated The Seller Name that needs to appear on the report The Seller State that needs to appear on the report Enter Yes or No to the question of Address Changed since last return The Collector Status of Central Government or Others that needs to appear on the report The Name
377. l be reported Amount of the Invoice will be reported Net Sales Net Sales amount of the Supplementary Transaction will be reported Excise Excise duty of the Supplementary Transaction will be reported Sales Tax Sales Tax of the Supplementary Transaction will be reported CST CST of the Supplementary Transaction will be reported Others Others taxes of the Supplementary transaction will be reported Effective Amount This is the amount for which the Sup Inv Credit Memo debit Memo is raised Order By Original Invoice Number Supplementary Invoice Consolidation Report AR This report gives you the Consolidated Supplementary Invoice raised for a period Report Submission Use the Submit Requests India Local AR modules Only form and enter India Supplementary Invoices Consolidation Report in the Name field to submit the Report Report Parameters Customer Name Optional PICK If the User wants this Report for a specific Customer then he need to enter Customer Name here otherwise this report give details for all the Customers for a given period India Local Receivables 5 91 will be reported Customer Number Defaulted PICK Customer Number of the above Customer will be defaulted here Process Date Optional For a Process date the user can take the Report Supplementary Invoice Date Optional For a particular Supplementary date this report can be requested Supplementary Invoice No Optional For a particular S
378. l be reported if MRC is used Period Period in a financial year will be reported Creation Date Date on which the transaction was created Report Summary This section of the report lists the Net activity of all accounts according to the transaction type Account General Ledger Account to track the accounting entries for a specific Account India Local Purchasing 2 79 Transaction Type Transaction Type of particular type will be reported Total Amount Dr Total Amount debited for one particular transaction of the account Total Amount Cr Total Amount credited for one particular transaction of the account Net Activity Total of amount Dr amount Cr for a particular account Total Net Activity for All Accounts Total of amount Dr amount Cr for all accounts Report Order Report is printed in the order of Receipt Number Line Number and Transaction Type for the selected Organization India Purchases Report Use India Purchases Report to generate transaction details for Purchases made Outside the State Within the State and Unregistered Dealers Report Submission Use the Submit Requests India Local PO Module form and enter India Purchases Report in the Name field to submit the report Report Parameters Report For Required Default PICK Single Report can generate transactions carried Outside the State Within the State and Unregistered Dealers based on this parameter Organization Required PICK Select th
379. lable in Localization shipping tables Localization does not currently allow copy of RMA Order to standard Order or existing RMA Order to new RMA Order Assessable Price Recalculation Excise duties attached to the Order lines can be recalculated whenever there are changes in assessable price of items This is helpful at the time of Budget changes in Excise statutes For further details refer Assessable price recalculation provided under reports Line Level Query in India Local Sales Order You can now query for lines in Sales Orders India Localization screen once the Sales Order is queried This feature would be helpful to find the lines in case where the item name is above 25 characters long or Sales Order has large number of lines Auto Query of India Local Sales Order Clicking the Open Button on the India Local Sales Order displays the Base Sales Order Form to create an Order When you fill the base Sales Order form and save it the details of the transaction are auto queried and displayed in the India Local Sales Order form To view the details navigate to the India Local Sales Order form You can also query an existing Order in the Localized Sales Order form If you navigated away to multiple forms Auto query does not work and you must click refresh to view the localization screen with requisite details 4 4 Oracle Financials for India User Guide Ship Confirm India Localized Overview You can make changes to localized fre
380. lances for a Block Carry forward their WDV Opening Balance only for Current financial year Once the Opening Balance for a Block has been entered for the current financial year the user cannot enter Opening Balances for the Same Block in the Previous or subsequent years If Oracle Fixed Assets module has been used in the past years then the user needs to update Block details for every Assets entered into the India Local Fixed Assets 6 7 System After querying the Individual Assets the User can update the Block details in the Descriptive Flex field and also once this is completed the total number of Assets in a corporate Book for a Block will be captured by the System Transactions Various Transactions India Localization Supports in Fixed Assets are mentioned in this section Asset Additions While recording the additions of assets in Oracle assets the user need to allocate the individual asset to the Block of assets defined The block details of the assets need to be assigned by recording the details in the flex field You need to enter localization details in Asset Categories flexfield while additions through Quick Additions and New Additions While you would be entering these details in Mass Additions Flex field while adding assets through Prepare Mass Additions On recording the complete asset related information including asset book and cost of the asset user need to click on the flexfield and select the context value as India
381. lated reports Prerequisites Before you enter the Supplier Additional Information Details you must e Define Organizations e Define Locations e Define Organization Additional Information e Define Taxes e Define Tax Categories e Define Items e Define Item Categories e Define Supplier Supplier Sites e Define Assessable Price Lists Navigation India Local Purchasing gt India Localization gt Suppliers gt Supplier Additional Info Field Description Type Action Description Operating Unit Required HELP You have to select Operating Unit from the LOV EDIT PICK 2 30 Oracle Financials for India User Guide Field Description Type Action Description Vendor Name Site Excise Block Excise Range Excise Division Excise Registration Number Excise Zone Excise Region HELP EDIT PICK Required Optional Optional Optional EDIT HELP Optional Optional You can select the Vendor Name from LOV for whom the Additional Information Regarding Tax are to be defined the Vendor Number will be defaulted and relevant Vendor Site will be selected from LOV Use this field to enter Excise Range under which this Supplier s Site falls This would be printed on all the documents that are required under Excise Act Use this field to enter Excise Division under which this Supplier s Site falls This would be printed on all the documents that are required under Exci
382. ld Description Type Action Description Credit percentage Optional For all input type of taxes this field determines the percentage of recoverable and irrecoverable taxes India Local Inventory 1 85 Field Description Type Action Description Form Optional EDIT HELP This column is relevant only for Name Certificate PICK Sales Tax amp TDS Tax Types You can enter the relevant Tax form name like C Form or Form 17 in the case of Sales Tax and based on this information the Sales Tax Forms tracking will done for the Customers as and when transactions have this tax levied The user can take out reports on transactions for which these forms are to be issued received This field is enabled only when the tax type is Sales Tax Central Sales Tax and Tax Deduction at Source TDS Section No Optional EDIT HELP You can specify the respective PICK TDS section for which a particular tax is being charged on Since the TDS returns needs to be submitted in accordance with their corresponding section the user can generate TDS reports made for the respective TDS sections This field is enabled only when the tax type is Tax Deduction at Source 1 86 Oracle Financials for India User Guide Field Description Type Action Description Original Tax Percent Optional If the Concessional Tax Rate has been used for a particular Tax Code then the user can specify the actual and Original Tax Percent in this field
383. ld be eliminated from CENVAT Claim processing amp excise duty related to such records would be included in the Item Cost Navigate to India Purchasing gt India Localization gt Receipts gt Claim CENVAT on Receipts Through the above find Receipts Form you can find the Receipt for which you will like to unclaim CENVAT After entering the required fields the find button has to be clicked to fetch the existing records for the criteria entered In the Claim CENVAT on India Local Receipts screen you can select all lines that you would like to Unclaim and eliminate them from further process of CENVAT Claim You can select lines one at a time by Clicking on Unclaim CENVAT checkbox on the line Else you can check the Unclaim All checkbox on the header All selected lines are processed for Unclaim on clicking on the Unclaim button Returns to Vendor A Return to Vendor transaction has to be created by the user Navigate from Return to Vendor India screen When you create a return for material that has CENVAT applicability then you need to select Generate from process action LOV This would ensure appropriate accounting for CENVAT taxes A Batch Number will be generated based on which India Return to Vendor Report can be taken Navigate to India Local Purchasing gt India Localization gt Receipts gt Return to Vendor India gt Return As soon as you open the form the query screen pops up After entering the required
384. ld reflect the appropriate Customer balance In Oracle Financials for India navigate to India Local Receivables gt India Localization gt Collections gt TDS Certificates 5 40 Oracle Financials for India User Guide Field Description Type Action Description Customer Name Customer Number Location Memo Line Name Number Certificate Date Received Date Amount Description EDIT PICK HELP Required Defaulted EDIT PICK Required HELP Optional EDIT PICK EDIT Required Required EDIT Required EDIT PICK Required EDIT PICK EDIT Required Required EDIT The used needs to select Customer Name from the LOV Only those Customers who have Localization setup are shown here This will be a default value or the user can select from LOV Only those Customers who have Localization setup are shown here The user needs to specify the Location of the customer from LOV Only those Customer Locations having Invoices are shown here The user needs to specify the Memo line from LOV which help in determination of Accounting segments when auto accounting is used TDS Certificate Name can be entered in this field An alpha numeric value can be entered for recording TDS Certificate number The TDS Certificate Date is to be entered here The Date of receipt of TDS Certificate is to be entered here The Amount of TDS Certificate that has been received The narrati
385. les India Localization Setup Tax Setup India Vendor Threshold Grouping This gives you a query find window in which you can query by TDS Vendor Type or TDS Vendor Name you should query on at least one of the criteria Field Description Type Action Description Vendor Type DISPLAY This field displays the TDS Vendor Type that you have queried Vendor Name DISPLAY This field displays the Vendor Name that you have queried Org Tan No DISPLAY This field displays Organization TAN Pan No DISPLAY This field displays Organization PAN Thresholds BUTTON Pressing this button will take you to the Transaction Details Please refer discussion below Vendor Site DISPLAY This field will display the Vendor Site s Pan Confirmed CHECKBOX This checkbox will indicate whether the PAN has been confirmed for this Vendor On clicking the Thresholds button Transactions Details form will open Transaction Details Form This form displays all the transactions that have been included in the TDS Threshold This form allows you to modify the Threshold Amount for the Vendor for the combination of Organization TAN Vendor PAN and Vendor This form allows the user to modify the TDS Threshold that has been accumulated for the particular year The need for this may arise on incorrect calculation of TDS Threshold for some transactions You can adjust the threshold amount upwards or downwards You can also adjust the Tax paid amount till da
386. limited functions of procure to pay cycle You have to switch between the forms and the self service applications SSWA to complete the procurement function You should note that any changes made in the India taxes either in Forms or SSWA would get reflected in the other immediately The iProcurement process flow 1 Purchase Requisitions in SSWA 2 Auto Create Purchase Order in forms 3 Approve the Purchase Order in forms 4 Receipts or correction in SSWA 5 Apply BOE in forms or Accounting in SSWA 6 If you applied BOE proceed to claim CENVAT in forms If you chose accounting proceed to update item cost for NR taxes 7 After claiming CENVAT make register or accounting updates in forms 9 6 Oracle Financials for India User Guide 8 Claim VAT 9 Make accounting or repository update 10 Proceed to Returns Requisitions Oracle iProcurement provides following functionality in requisitions e Reviewing Requisitions e Creation of Requisition Searching and adding items from local or supplier catalogs to the shopping cart can create Requisitions On checking out system creates a requisition using the items added to the shopping cart e Cancellation or Changing existing Requisition Requisition Review In the Requisition Review flow India Localization tax button or links are made available in the following pages for authorized users against individual Requisition lines e My Requisitions page Navigate to Indial Local
387. lling under this category not considered for any excise related transactions even though the transactions are from bonded Sub inventory 173 G Declaration filed by the Organization the user needs to associate the excise Tariff to each excisable item Following are the other attribute values Item class code TRADABLE MODVATABLE EXCISABLE Impact This value should be set to YES only if the item defined is to be used as a TRADING ITEM in a Trading Organization In case of Manufacturing and Other items this value should be set to NO This value should be set to YES only if the Excise Credit can be availed for this item For all other items this values should be set to NO This value should be set to YES only if Excise has to be charged on goods shipped and an Excise Invoice needs to be generated Item Template Attributes are described below for assignment Field Description Type Action Description Item Template Required DISPLAY You will choose this to find the Item attributes of a Single Item India Local Inventory 1 75 Field Description Type Action Description Regime Required PICK You will have to pick the Regime here Currently only Value Added HELP Tax is available here EDIT Organization PICK You will have to choose the Organization here HELP EDIT Item Name PICK You will have to choose the item for which you want to view the Item HELP Attributes EDIT You can
388. long with Indian Taxes on the Invoices Page Navigate to isupplier gt Account gt View Invoices You can also view the payments made against an invoice through the iSupplier Portal On the Invoices summary page along with the Invoices the Payment details are also displayed If the payment has been made the Check Number Payment Document Number will appear in the Payment Number column Drilling down the Payment Number on the Invoice Summary page will take you to the Payment Details Page The amount paid here displays the India Taxes also Buyer Actions As a Buying Company user you can view order receipt invoice and payment information using the Internal User View responsibility in Oracle iSupplier You can also search for information across all suppliers as well as respond to supplier change requests Features include 10 12 Oracle Financials for India User Guide e Viewing Purchase Order and Purchase Agreement Information e Viewing Purchase Order Acknowledgements and Change Requests acting on these requests e Viewing Shipment ASN and Receipts Information e Viewing Account Invoices and Payments Information Buying Company view is basically providing a web interface for viewing the Procure to Pay information As you have access to the internal Oracle Applications and India Localization features normal India Localization functions form based may be used for viewing of India Localization tax information on PO or Receipts or I
389. ls Tax Type Tax Name Recoverable Amount Recoverable Amount Installment Details This field displays the Total of VAT Amount Recovered so far In the following cases Recovered Amount would not be equal to the Recoverable Amount 1 When you have processed claim for any of the Receipt Lines 2 When only some of the Receipt lines are recovered 3 Based on the claim terms only a part of the VAT Amount is recovered This value displays Receipt Quantity net of Returned and Correction Quantity Quantity received is shown here This is before correction and returned quantity Correct of Receive Quantity is displayed here Quantity returned to Supplier is displayed here This field displays Correction to quantity returned to Vendor This block displays Tax Amount details Only taxes of the Type assigned to the Regime Registration are displayed here Tax Type is displayed here Tax Name is displayed here Amount of Tax that can be recovered is displayed here This field displays the Tax Amount that is already recovered This block displays the Installment Details India Local Inventory 1 39 Field Description Description Installment No Scheduled Date Installment Amount Status Displays Sequence Number Starting with 1 and incremented by 1 for each record Displays the Date on which the record would be available for VAT Recovery Displays the Equal Installment Amount that would be
390. ls page that opens up on drilling down from a Blanket Release number India Localization Tax Amounts are displayed in the Receipts Invoices and Payment details pages that open up from the Blanket Release Related Information links Cancellation and Change requests from Blanket release impacts India Localization taxes as in the case of Purchase Orders Similarly Printable View displays PO report for the blanket Agreement Release with India Localization tax amount Navigate to isupplier gt Orders gt BPA gt PO Number Clicking Taxes link will take you to the details of the taxes Standard Purchase Orders In the iSupplier Portal you can view and acknowledge the orders request change of the Orders cancellation of orders Your requests for Cancellation or Changes related to the Orders have to be Accepted Rejected by the Buyer for the changes to be effective India Localization iSupplier support provides an additional Column of Tax Amount to enable you to view the tax details associated with the Purchase Order The major features in India Localization context are India Localization Tax Amount is displayed along with base amount in the Purchase Order Summary page Tax details are displayed in a view only mode for each Purchase Order line in the Purchase Order details page that opens up on drilling down from a Purchase Order Number PO Shipment level tax details are also displayed in the Purchase Order details page India L
391. m from his Customer in order to submit to the Excise Dept AR3A form Number needs to be entered here by the User AR3A form date needs to be entered here by the User The user needs to enable this Flag to do a transaction under any of the above exempted type for a line item 5 68 Oracle Financials for India User Guide Field Description Type Action Description Complete Flag Once the transaction in the Standard Apps Form has been completed then this flag will be checked automatically The Excise Registers will get updated immediately on completing the transactions by clicking the Complete Button in the Standard Applications VAT Exemption Flag CHECK Once at header level a Invoice is marked BOX as VAT Exempt this check box will get checked If any particular line is not supposed to be VAT Exempt the box should be unchecked VAT Exemption Type Optional If you need to carry out an VAT Exempted Transaction the exemption type needs to be picked up in this field For transactions where VAT is payable this field need to be left as null Whenever you pick for an VAT Exempted Transaction all the lines get the VAT exempted flag and the VAT Exemption type defaulted If for any line VAT Exemption is not applicable then you can uncheck the VAT exemption for such line The VAT exemption types are Vat Exemption item Export Inter State Sale Sale to Specified parties Transfer VAT Exemption Date Required Opt
392. maintain multiple Bond Registers in order to keep track of exports under bond to all countries other than Nepal amp Bhutan exports to Nepal and Bhutan and exports under Letter of Undertaking Under each of these categories there would also be a possibility for taking multiple bonds where total of Export made without proof of exports is greater than the Bond Amount Using Bond Registers in Oracle Financials for India you can maintain multiple Bond Registers for a combination of Organization and Location On taking a Bond for export you will have to create the required setup before you start creating export transactions against the Bond The only setup step would be to record the Bond details To do this navigate to Define Bond Register window Select organization Location for which the Bond would be applicable pick up the Type Bond Register and enter Bond Number Expiry Date and the Bond Amount On the lines select the Order Types that would be used for export transactions In case export is made against the Letter of Undertaking LUT there would not be a Bond Amount Hence you can leave the Bond Amount field blank However it would be mandatory for you to capture the details of the Bond Number LUT No and the Bond Expiry Date In addition to this check the LUT checkbox to indicate that the Bond Type is LUT Details of exports made under bond would be recorded This information would be used to track Bond utilization B
393. me in Full Name field of Certificates Designation Optional India Localization prints the Designation of the Signee on the report Place Optional India Localization prints this Name in Place field of Certificates Report Headings Report Headings provide you with general information about the contents of the report India Localization prints Certificate Number and Sheet Number of certificate on all pages along with report heading Also on the first page of the Certificate Name amp Address of the Company Deducting the Tax Tax Deduction A c No of the Deductor PAN GIR No of the deductor TDS circle where Annual returns are filed u s 206 Name amp Address of the Person in whose a c it is credited PAN GIR no of Payee amp the period are printed Also at the end of each certificate Total amount of tax deducted for the particular vendor for the period is printed in Words Column Headings India Local Payables 3 59 Invoice Date Date of Invoice Amount Paid or credited Rs Invoice amount Amount of Income tax Amount of Tax Deducted at source Challan Number and Date Challan Number and Date on which tax was deposited to Central Govt A c Name of bank where tax is deposited Name of bank where tax was deposited Report Order Report is printed in the order of Invoice date for a certificate TDS at prescribed rate Report Use TDS at prescribed rate Report to calculate Tax deducted at source for a company or other
394. milarly considering CENVAT Credit and updating the Excise Registers for a Receiving transaction would happen only when the MODVAT flag is set to Yes The option chosen in the Item Class attribute would be the basis on which the type of Excise Credit Register that has to be hit Items classified in the other classes such as OTIN OTEX would not be updating Excise Records The Trading Flag would work together with the Organization Trading Information setup RG23D Register would be hit only when the Trading item is transacted in a trading Organization For further information see Defining Item Information page 1 66 India Local Inventory Chapter Define Tax Codes The Tax Definition is a localization feature to define taxes that are applicable to the transactions created in your Organization The Taxes can be classified in different Types The Type would be useful to recognize the relevance of the tax for the Excise Registers Sales Tax Form generation and TDS Certificate generation The Type chosen would also have influence over the behavior of other fields in this form You can specify the Tax Rate Surcharge Recoverability Rounding Rule Expense Account Code Tax Third party Vendor Multi currency and Effective Period for the Tax In a multi organization setup Taxes would be specific to an Organization On choosing the Taxes Localized option from the menu you would get the list of Inventory Organizations to choose from The tax defined ca
395. mount instead of the Amount specified at the Receipt Level Reversal of Taxes on Purchase Returns In the event of Purchase Returns all the taxes applicable to the item will be reversed and for Average Costing Organization the new Average Cost of the Item will re calculated Mass Tax Updates Mass Tax Update is a batch program to recalculate taxes applicable on the Open Documents You can use this program to process Open Documents of the selected Document Type The program uses the localization 3 way defaulting mechanism to derive the Revised Taxes that are applicable to a document Optionally you can map the Tax Categories through request parameters to replace the existing tax lines with those defined in the New Tax Category As you process a record of all documents considered for processing will be maintained Bulk Claim CENVAT After Receipts You can process the Receipt lines to be claimed in claim CENVAT screen line by Line This option can be used to process each line independently Else you can use the option of Bulk Claim CENVAT on Receipts You can enter values related to Excise Invoice Number and Date on each of the lines and then check Check All and press the Claim Button to process all the selected records simultaneously through one concurrent request Receipt of Goods from Third Party Excise Vendor Where goods are received from a third party Vendor and an Excise Invoice is issued then you can update the Excise Vendo
396. mplies error during processing Y Implies successful completion of the program X means that taxes are not applicable to the receipt line O Implies missing setup XT Implies that correction could not be completed due to change in the period of receipt and the correction This message displays process message for Non Cenvat Taxes The message depends on the value in the Processing status This message displays process message for Non Cenvat Taxes The message depends on the value in CENVAT Process status field In the Line Level Field Description Tax Tab Line Number Name Type Rate Type Rate Description Serial Number Name of the Tax will be displayed here Type of Tax as selected while Defining Tax Rate type will be displayed here It can either be Percentage Adhoc or UOM Depending on the Tax Definition Rate of Tax as defined while Tax Definition 2 60 Oracle Financials for India User Guide Field Description Description Precedence UOM Currency Amount Recovery Recoverable Modified Manually Vendor Vendor Site Quantity Register Tab Organization Location Precedence used to calculate Taxable Basis This field would be populated for percentage based taxes In case of UOM based Taxes Unit of Measure assigned to the Tax Code will be shown Tax Currency will be displayed here Amount of Tax will be displayed here Recovery Percentage as spec
397. must e Define Organizations e Define Locations e Define Tax Authorities e Define TDS Sections e Define Concessional Form Types In Oracle Financials for India navigate to India Local Payables gt India Localization gt Setup gt Tax Setup gt Taxes Creating TDS Tax Codes To create TDS Tax Codes e Enter the Tax Name e Choose Tax Deduction at Source in the Type field e Enter the TDSAccount in the Account field This would be credited when TDS Amount against the debit to the Liability Account of the Supplier This account would be debited with the TDS Amount against the credit passed to the Tax Authority e Specify in the Percentage field a rate at which the TDS would be deducted e Choose a value in the Certificate field only when you would like to use this code India Local Payables 3 9 for the suppliers who can avail concession on TDS amount to be deducted e Choose the value TDS Sections for the field Section Type e You need to select the value from the List of Values for the field Section Type The possible values e You need to select the value from the List of Values for the field Section Code User can select this value only for the Section Type TDS Sections e You need to enter a value in the Original Tax Percent field only when you have chosen a concessional certificate for this code e You can enter a SurchargeRate in the Surcharge age field The percentage at which tax is de
398. n SL No of the Transaction Customer Number against which LC pertains Order Number Line Number of the Order Quantity Released against the Order Quantity Matched against this LC LC Type for the given LC 4 44 Oracle Financials for India User Guide LC Matching Field Description Type Action Description LC Number Display LC Number to which the Order line is Amount Display Amount of the Order Line for this LC Navigation India Local Order management Letters of Credit Letters of Credit Matching This will be displayed as entered in the Base Apps Sales Order Screen LOV s are available At Line Level Field Description Type Action Description Customer Name Required Name of the Customer will be entered for the LC transactions to be matched Customer Number Number of the Customer will be entered for the LC transactions to be matched SL No Display SL No of the Transaction Order Number Required LOV Order Number which needs to be Matched Order Line Number Required LOV Order Line Number which needs to be Matched Delivery Detail ID Required LOV Delivery Detail ID which needs to be Matched Item Name Display Item Name Qty Released Display Quantity Released against the Order India Local Order Management 4 45 Field Description Type Action Description Qty Matched Required Quantity to be Matched against this LC LC Type Display LC Type for the given LC LC Number D
399. n carried over from Query Find Screen Party Site Display only Context Information carried over from Query Find Screen Form Type Display only Context Information carried over from Query Find Screen India Local Receivables 5 79 Field Description Type Action Description View Sales Tax Form Detail Block Fin Year Display only Form Number Display only Form Date Display only Transaction Date Display only Form Amount Display only View Sales Tax Form Sub Detail Block Receipt Side Order Invoice Display only Invoice Number Display only Source Type Display only Order Number Display only Fin Year as created from the Match Detail Screen Form Number as created from the Match Detail Screen Form Date as created from the Match Detail Screen Transaction Date as created from the Match Detail Screen Form Amount as created from the Match Detail Screen Indicates whether the record is an Order or an Invoice Values are ORDER INVOICE This is the Invoice Number This field displays the Transaction Type related to the record This field displays the Order Number This would not be displayed for Manual AR Invoices 5 80 Oracle Financials for India User Guide Field Description Type Action Description Tax Target Amt Display only This field displays the Taxable Basis for used for calculating Sales Tax Reports This section provides overview and
400. n for detailed discussion on the accounts Account Value Required PICK HELP EDIT Pick accounting flex fields for each of the account Apart from the final Liability Account you must define one interim account to store the TCS that is not accrued Eg Shipment is made but Invoice not raised would result in balance in Interim account Defining separate accounts for each tax type and specific to each Organization in General Ledger helps in better tracking of TCS accounting Assigning Organization Locations Regime must be assigned to all organizations it applies to Taxes defined under this regime will default only for transactions created for these organizations As TCS is applicable on sale of specified goods Inventory organizations and locations are considered for TCS setup User can assign Inventory organizations and locations to the TCS Regime If the Registration details and the Tax Account details vary by organization you can change the default values To assign organization locations access Regime Organization Registration screen from India Local Receivables gt India TCS VAT Service Tax gt Setup gt Regime Registrations gt Organizations Field Description Type Action Description Header Regime DISPLAY This field will default from Regime Registration form India Local Inventory 1 51 Field Description Type Action Description Description Organization Details block Organization Type Require
401. n removal of goods for Sub contracting user need to take care to set up zero in the OSP percentage field of Additional Organization Information Different reports are being provided by Localization to track the dispatch and receipt of goods sent under OSP transactions User needs to keep a manual track for the receipt of goods by monitoring OSP reports and if the goods are not received back within 180 days duty needs to be worked out manually and the amount should be debited in the duty paying register through RG 23 Manual Entry screen Prerequisites e All items sent for outside processing must exist in Organization items and outside processing item attribute is enabled e OSP relation is properly defined e All issues for outside processing take place from inventory and receiving happens into Inventory e Excise records will get generated if the item being issued for outside processing has the attribute of Excise flag set to Yes e Standard Oracle Applications supports Outside Processing Operations in Oracle WIP In Oracle Financials for India user will be able to monitor the movement of goods to the Sub contractor e In Oracle WIP when material is moved to queue of OSP Operation an approved Requisition is created in interface tables Then we run Requisition Import to populate the Requisition in PO Module Using this requisition we auto create PO and approve the PO When we receive material it is directly updated in WIP Operation
402. n ID Fin Year Collection Code Required Required Required PICK PICK PICK The Inventory Organization for which the report is being generated The Financial year for which the report is being generated The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under forest lease Timber obtained under any mode other than forest lease Any other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves India Local Receivables 5 111 Report Parameter Type Action Description Tax Rates Type Seller Address Changed Responsible Person Name Responsible Person Designation Responsible Person Place Start Date End Date Required PICK Required PICK Required Required Required Optional Optional The Tax rate type for which the report is being generated i e Lower Rates Standard Rates or Exempt Rates The Provisional Receipt Number in case the return has been filed earlier The Name of Person responsible which needs to be printed on the report The Designation of Person responsible which needs to be printed on the report The Address of Person responsible which needs to be printed on the report The start date from which this report needs to be printed
403. n Oracle database But if you use Oracle tools such as SQL Plus to modify Oracle Applications data you risk destroying the integrity of your data and you lose the ability to audit changes to your data Because Oracle Applications tables are interrelated any change you make using an Oracle Applications form can update many tables at once But when you modify Oracle Applications data using anything other than Oracle Applications you may change a row in one table without making corresponding changes in related tables If your tables get out of synchronization with each other you risk retrieving erroneous information and you risk unpredictable results throughout Oracle Applications When you use Oracle Applications to modify your data Oracle Applications xvii automatically checks that your changes are valid Oracle Applications also keeps track of who changes information If you enter information into database tables using database tools you may store invalid information You also lose the ability to track who has changed your information because SQL Plus and other database tools do not keep a record of changes xviii 1 India Local Inventory This chapter covers the following topics Miscellaneous Transactions Overview Inventory amp WIP Transactions Overview Organization Information Setup Defining Value Added Tax Regime Defining TCS Regime Service Tax by Inventory Organization and Service Type Inter Organization Transfer
404. n Taxes defined in the Purchase Order will be defaulted and the procedure for Accounting treating different Localization taxes can be handled at the time of Receipt For this user need to Open Receipt through Receipt Localized window By activating the NEW button user will be taken to the Standard Receipt screen where he needs to match the receipt with a Purchase Order Navigate to India Local Purchasing Receiving Receipts Localized and use the India Local Receipts India Localization form to view and create receipts You can view receipts by querying any field like Receipt Number Receipt Date Shipment Number Shipment Date Excise Invoice No Excise Invoice Date Supplier Name Inventory Organization 1 Click New to create receipts Enter the Header information for the receipt 2 In the Transaction Type field select either Express or Non Express Selecting Express ensures that a single India Receiving Transaction processor concurrent request is submitted to Process all Receipt lines The default value in this field is blank which is equivalent to Non Express After the Receipt is created Receipt details will be auto queried to Receipt localized window where details of the Excise Documents need to be captured Excise Invoice Number and Excise Invoice Date is captured in this screen If you wish to avail CENVAT credit in Auto mode immediately on Receipt you must check claim CENVAT on Receipt Flag Important Whenever credit on
405. n Type Source Exemption Type Excise exemption options Defaulted Defaulted Displayed Displayed Displayed Required Opti onal CT2 IND The Customer name will be defaulted here after the Transaction has been entered in Standard Applications form This will be the defaulted Customer Number The Transaction number will be displayed here once the user has entered and saved the data in the Standard Apps Form This will be displayed depending upon the transaction type selected in the Standard Apps Form This will be displayed depending upon the source selected in the Standard Apps Form If the user needs to carry out an exempted transaction the exemption type needs to be selected from this field For transactions on payment of duty this field needs to be left as null Whenever the user picks for an Excise Exempted Transaction the user needs to enable the excise exempted flag in the line level This option needs to be mapped to the requirements under Rule 6 of The CENVAT Credit Rules 2002 This amount will not be Accounted in the Receivable India Local Receivables 5 65 Field Description Type Action Description Excise exempted certificate IND Excise exempted certificate Others IND Exemption Ref No Exemption date CT2 OTH IND CT3 IND Required Opti onal Required Opti onal In case the customer needs to be debited for the Excise Duty Debit
406. n and AD Controller used to maintain the Oracle Applications file system and database Outlines the actions performed by these utilities such as monitoring parallel processes generating Applications files and maintaining Applications database entities Part of Maintaining Oracle Applications a 3 book set that also includes Oracle Applications Patching Procedures and Oracle Applications Maintenance Procedures Oracle Applications Maintenance Procedures This guide describes how to use AD maintenance utilities to complete tasks such as compiling invalid objects managing parallel processing jobs and maintaining snapshot information Part of Maintaining Oracle Applications a 3 book set that also includes Oracle Applications Patching Procedures and Oracle Applications Maintenance Utilities Oracle Applications Concepts This book is intended for all those planning to deploy Oracle E Business Suite Release 12 or contemplating significant changes to a configuration After describing the Oracle Applications architecture and technology stack it focuses on strategic topics giving a broad outline of the actions needed to achieve a particular goal plus the installation and configuration choices that may be available Oracle Applications Multiple Organizations Implementation Guide This guide describes the multiple organizations concepts in Oracle Applications It describes in detail on setting up and working effectively with multiple organizati
407. n be used only for the Organization for which it is defined Taxes once saved cannot be updated Define Tax Categories If you can identify your purchase and sales transactions into clear categories for which a similar set of taxes with similar precedence and calculation are applicable then you can group such taxes into a Tax Category In a Tax Category you can choose the Taxes along with the precedence order and calculation basis An Item Class can be identified for a Tax Category These taxes would default for all the Items falling in this class This would be useful where the Item class drives the tax applicability These taxes would default for the transactions created for the items in the item class You can however manually add new tax lines and can change delete change precedence for the defaulted lines For further information see Defining Tax Categories page 1 89 Define Item Categories Item Category allows you to assign Tax Categories to an inventory item in an Organization You can attach an Item Category to the Additional Internal Customer 10 6 Oracle Financials for India User Guide information The Taxes defaulted for a transaction line would be based on the Item Category attached to the Internal Customer and the Tax Category assigned to the Item in this category For further information see Defining Item Category List page 1 57 Define Assessable Price Lists When the Taxable basis for the calculation of the Excise Du
408. n dispatches sent out Place of Installation Optional Enter the location where the Capital Item is installed Identification Mark Optional Enter a relevant Identification mark of a capital item Remarks Block You can enter relevant remarks for RG23 Part I amp II register for reference and correspondence Apply Time Extension Apply Time Extensions screen can be invoked to apply for additional time In the case of OSP from Inventory or Sales Returns Transactions if the Vendor wants some more time means he can invoke the time extensions screen amp find the appropriate information by entering the transaction type or the start amp end date limits or by entering both He can apply for the time extension he need Then the due date is automatically defaulted It can either be applied or rejected by the appropriate authority In the case of rejection the due date is cleared This screen can also be used for recording the additional time granted by the Excise Authorities to Receive Return goods under Rule 173 H and 173 L of the Central Excise Rules As per the changes announced in Union Budget 2000 2001 there is no need to debit duty while clearing goods for sub contracting operations under Rule 57 F 4 The requirement for taking time extensions to bring the goods sent under 57 F 4 Challan also stands withdrawn 1 104 Oracle Financials for India User Guide As per the current provisions of the Law duty need to be debited only i
409. n goods sent for Outside Processing OSP This is usually a Expenses Account Enter a General Ledger Account for Excise Expenses Account This default account is being used to track the Excise duty due from the excise department on account of customer returns treated as FG return or scrap India Local Inventory 1 9 Field Description Type Action Description PICK HELP EDIT Excise Payable paid Required CENVAT RM PICK HELP EDIT Required CENVAT CG PICK HELP EDIT Required Enter a default General Ledger account to be defaulted on all AR transaction entry windows for Accounting Excise Duty paid on delivery of goods This account will debit for the total Excise amount whenever shipment is confirmed to a customer and AR Invoice is raised Enter a General Ledger account to be defaulted on all transaction entry windows for CENVAT Raw Material account This is the default GL account that will hit while performing a receipt with CENVAT Credit inputs This is usually an asset account This account would be credited on shipment when the excise liability arising from the shipment transaction is met by utilizing the Cess credit available in RG 23 A Register Enter a General Ledger account to be defaulted on all transaction entry windows for CENVAT Capital Goods account This is the default GL account that will hit while performing a receipt with CENVAT credit Capital Goods This is usually an ass
410. n the Depreciation Calculation is need to be done After completion of Run Depreciation users can view the Fixed Assets Schedule as per Income Tax Act Block wise through Reports If the user needs to add an unplanned depreciation it can be done in the Depreciation adjustment column of Opening WDV Balance form Unplanned Depreciation amount will be shown separately in the report output Fixed Assets generates these reports for India 6 10 Oracle Financials for India User Guide India Income Tax Fixed Assets Schedule This report is a Fixed Asset Schedule as per Income Act provides details of Block of Assets India Depreciation Detail Report This report provides information on depreciation calculated for each asset India Income Tax Fixed Assets Schedule This report is a Fixed Asset Schedule as per Income Act provides details of Block of Assets Use the Submit Requests India Local Fixed Asset form and enter India Depreciation for one year in the Name field to submit the report F Y Start Date Financial year start will be available in the LOV Once the start date is entered the system will take the end date as end of the Financial year The user need to enter the relevant Corporate book name for which the Income Tax Fixed Assets schedule is to be taken Report headings provide you with general information about the contents of the report Oracle lists Corporate Book name and financial year details based on User parameter i
411. n the Excise Invoice Number generation Number for delivery when you have setup Same Invoice No for Excise and VAT Regimes as Y for this Registration Number and try to run this program prior to running Excise Invoice generation or if the Excise Invoice Generation has errored out for this delivery e This concurrent will show the following error Document sequencing setup not done at Registration number level if you try to run the same without defining the Document sequencing for the given Registration Number e This concurrent will show the following error Document Numbers are exhausted Please set the End Number to a larger value when the last Number as setup in document sequencing has been reached amp hence cannot generate a VAT Invoice Number e When VAT Invoice Number generation happens after the AR Invoice is created localization AR table does not have VAT Invoice Number imported from localized shipping tables Hence care should be taken to run the VAT Invoice Generation program prior to creation of AR Invoice e When this concurrent is run with parameter of GENERATE INVOICE NO Accounting Entries are not passed Setting Up India Local Order Management This section describes the setup procedures for India Local Order Management You must complete setups detailed in this section before you start using Sales Orders Localized and the other features in Order Management India Localization Defining Allow Negative Balance
412. n we run Requisition Import to populate the Requisition in PO Module Using this Requisition we auto create PO and approve the PO When we Receive Material it is directly updated in WIP Operations Under Localization following additional steps or processes are involved e As soon as a PO of OSP type is approved the relevant details are populated in 57F4 table e Go to 57F4 Dispatch Approval Screen You are required to verify the details populated update the actual Items and quantities being dispatched and approve 57F4 Form for Dispatch This will generate Form Challan Number e 57F4 Forms are created on the basis of BOM Components defined for the Item being Sub Contracted In case the issue of material to the Sub contractor is in a staggered manner items or quantities the Manual 57F4 Form can be used for the subsequent Material dispatches Each dispatch in the Manual 57F4 generates a separate Challan 2 8 Oracle Financials for India User Guide Number e Receive the items against the PO 57F4 receipt quantity will get updated e On final Receipt of Material to 57F4 Receipt Approval window and approve the Receipt e If an OSP item is returned a fresh 57F4 will be generated and then steps 2 to 4 should be followed Support for User defined Limit Days Users will be able to define applicable validity period in number of days for each type of Excise Transaction These days will be checked while providing Excise treatment Out Side
413. nal Information Before you start creating transactions for the Supplier it would prerequisite to record the localization related information for the Supplier Site You need to provide the Supplier Registration details with the Excise Sales Tax and Income Tax Authorities and also attach the Assessable Price list that should be considered for the calculation of Excise Duty and VAT Item Category list can also be attached to default localization taxes You must complete this setup for each Supplier Site For further information see Defining Supplier Additional Information page 2 29 Define VAT Regime Regime would be used to define rules that would be applicable to all Taxes assigned to it You need to complete this setup step before you move ahead with other setups Setups made for a Regime would be applicable to all transactions created from the Organizations assigned to it Information defined here would be generic unless you assign different properties at an Organization Level In the Regime you has to provide VAT Registration Number and Accounts associated with the Regime such as Liability and Interim Liability accounts for the Taxes and assign Organizations to it For further information see Define VAT Regime page 1 24 Define VAT Claim Terms VAT taxes applicable to a purchase of Capital Goods can be recovered over a period of time as specified under the VAT Act The VAT Claim terms enables you to define VAT Recovery Term These terms can be
414. nal Requisitions using Import Orders feature The localization taxes will flow to Ship Confirm India Localization For the Deliveries created from India Local Sales Orders taxes will flow to the same The Localization Tax information flows into Shipping Localized screen on completion of the packing shipping and Inventory and Order Management Interface This information flows to AR Transactions created based on such deliveries The same information flows to Transactions after running the Auto Invoice program The Sales Order India Localized functionality caters to your tax calculation needs required for a Sales Order Transaction You can e Define Item category lists and attach the same to Customer and Customer Sites Alternatively an Item Class can be attached to a Tax Category This would enable India Local Order Management 4 1 third level of Tax defaulting which would apply only when the Tax Information does not default from Customer and Customer Site This would be the basis for taxes defaulting to Transactions e Assign Assessable Prices to Items This price would be the basis for Excise Duty VAT Taxes Calculation The Assessable Price Lists can be attached selectively to Customer Sites e Create Sales Orders by navigating through India Local Sales Orders window This would automate tax defaulting and calculation e Modify defaulted tax lines and add to the existing list e Get overview information for Sales Order Lines without
415. navigate to India Local Receivables Control India Resubmit AR Tax and Freight The form shows Invoice Number Number of distribution Lines Customer Id Customer Name Total Tax Amount Last Updated Date and Error Message for all Tax Lines grouped by Invoice Number that have ended in an error during India Local Concurrent for processing Tax lines to AR program The user can check the records for resubmitting only one at a time India Local Receivables 5 71 For Resubmission of the Error Invoices Check Re Submit for the Invoices that need to be resubmitted Click on Submit button Submit the concurrent India Local Concurrent for processing Tax lines to AR for these Invoices to get processed For Deletion of the Error Invoices Check Delete for the Invoices that need to be deleted Click on Submit button The above delete option is mainly useful in cases where the Debit Memo for Taxes has already been raised for the Tax Amount amp the Tax Line is no longer required to be processed This marks the line as deleted amp does not show the record next time as eligible for reprocessing Important The form would merely show display the Invoices eligible for reprocessing You have to explicitly run the concurrent India Local Concurrent for processing Tax lines to AR for these Invoices to get processed Caution It is advisable to check this Form Prior to Running GL Posting and clear all the records from this Form Base
416. navigate to Setup gt Items gt Define Manual BOM India Local Inventory 1 95 The table below details field wise description of the Manual Bills of Materials screen Field Description Type Action Item Required EDIT HELP PICK UOM Displayed Item Required EDIT HELP PICK UOM Displayed Quantity Required Description You need to enter a Finished Goods Item from the LOV for which you want to define the Bill of Material LOV will be restricted to the Items with item class as Finished Goods The UOM for the above Finished Goods Item will be displayed Enter Items which are used in Manufacture of Finished good A same item cannot be used twice in a BOM The Finished Item for which BOM is defined cannot be included in its BOM The UOM for the above input item will be displayed Enter a Quantity required to manufacture one unit primary UOM of Finished item Managing India Local Inventory This section elaborates on the effect of Transactions that can be handled through Oracle Financials for India Inventory Transactions The Miscellaneous transaction form has been customized to accommodate the RG Register entries through a separate transaction type In Oracle Financials for India navigate to Transactions gt Miscellaneous Transaction Additional types of Miscellaneous Issue RG update and Miscellaneous Receipt RG update are introduced under Oracle Financials for India However the
417. nd their meaning please refer the detailed discussion above Field Description Type Action Description Item Template Required DISPLAY You will choose this to find the Item attributes of a Single Item Regime Required PICK You will have to pick the Regime here Currently only Value Added HELP Tax is available here EDIT Organization This field is disabled Item Name Required PICK You will have to choose the item for which you want to view the Item HELP Attributes EDIT You can use the New button to create a new template without giving any details in the find window If you have already defined a template after entering the 3 mandatory fields above you should click on the Find button that takes you to the Item Template Attribute Registration screen Field Description Type Action Description Header Section 1 70 Oracle Financials for India User Guide Field Description Type Action Description Regime Required PICK You will have to pick the Regime here Currently only Value Added HELP Tax is available here EDIT Template Name Required PICK You should give a name to the template An easily identifiable HELP name should be given to the EDIT template Attributes Registration Section On entering the header information the 3 Attribute Names will appear in this block You will have to choose the Attribute Values from the LOV provided For details of the Attribute Names possible Attribute V
418. ndia Local Payables 3 53 Field Description Type Action Description Matched Amount Display only This field displays Matched Amount Generating Records for Sales Tax Issue Tracking Invoice Details required for issuing Sales Tax Forms would be generated by submitting India ST Forms Issue Processing concurrent program This concurrent program is available in India Local Payables Responsibility This request would check for all Invoices that have Sales Tax with concessional Form applicability Only validated Invoices would be considered for processing The Invoice would be considered for Processing only if it was not processed earlier Processed Invoices would be considered conditionally based on the changes to the document You can submit this request from India Local Payables Submit Requests India ST Forms Issue Processing Field Description Type Action Description Operating Unit Display only Value determined from the Profile values Process for All If you select Yes in this field then Operating Units the program would process Invoices corresponding to all Operating Units defined in the system Else only those related to the Operating Unit determined from Profile would be processed From Date Mandatory Low Value of Invoice Date to filter the Invoices To Date Mandatory High Value of Invoice Date to filter the Invoices Supplier If you would like to process records for a specific Supplier then
419. ndia User Guide Transaction Type Select the Transaction Type from the LOV for which you wish to process rounding entries Register Type Select either A or C A Implies Inputs and C implies Capital Goods This applies only to Excise Invoices including both Inputs and Capital Goods In such cases rounding adjustment amount will be passed to the Register you select here From Excise Invoice Date Specify a Date here The program will show only those Excise Invoices with dates after this date To Excise Invoice Date Specify a date here The program will show only those Excise Invoices till this date In case of CGIN Items the CENVAT claimed in any year will be rounded to the nearest rupee In the year subsequent to the year of purchase and first claim rounding entry will be created for the total amount and will be passed as and when the Concurrent request is submitted Managing Purchasing Transactions This section elaborates on the transactions for which you can default and calculate the Localization taxes This is possible only when you create the transactions navigating through the localization windows Purchase Requisition is the one from where the business cycle for all Purchases begins and it is always better to consider all Indian business aspect and tax requirement from the Requisition level itself The tax and incidental expenses information captured here flows to other documents created based on the Requisition
420. nding upon the BOE for which the Invoice is to be generated BOE Type Required EDIT HELP Select from the LOV depending PICK upon the nature of transaction Customs Authority Required HELP PICK Select the respective Vendor Name or Customs Authority Supplier from the LOV Site Required EDIT HELP Defaulted Site for a respective PICK Vendor or Customs Authority Supplier from the LOV Agent Code Optional EDIT HELP Enter the Agent Code who is dealing PICK this particular Import Shipment India Local Payables 3 39 Field Name Type Action Description Inventory Required EDIT HELP The user defined Inventory Organization PICK Organization need to be picked up from LOV where this import is going to be accounted Location Required EDIT HELP Location for that Inventory PICK Organization is to be picked from LOV where this import is going to be accounted Bill of Lading Date Optional The user can enter the Bill of Lading date Port Type Optional Select the Port Type like Sea Air and Land from the LOV Import Dept Block SI No Optional The user can enter the Serial Number allotted by the Import Dept Date Mandatory The user can enter the BOE date as specified in the BOE Document Rotation Block Rotation No date Optional The user can enter the Rotation Number and the Date allotted by the Import Dept Amounts Defaulted The BOE Amount and Applied Amount will be defaulted from BOE Details form
421. ne Tax Amount for a item in a line is displayed here If you modify the tax lines then the modified Tax Amount for a item from the India Local Tax details form will be displayed here The Line Amount is the total of Extended Amount and the Tax Amount for a line If a Line Item is exempted from Excise Duty then you need to enable this Flag This is enabled only if you select an Excise Exempted Transaction Once at header level a Order is marked as VAT Exempt this check box will get checked If any particular line is not supposed to be VAT Exempt the box should be unchecked 4 34 Oracle Financials for India User Guide Field Description Type Action Description VAT Exemption Type Optional VAT Exemption Date Required Opti onal VAT Exemption Required Opti Refno onal If you need to carry out an VAT Exempted Transaction the Exemption Type needs to be picked up in this field For Transactions where VAT is payable this field need to be left as null Whenever you pick for an VAT exempted transaction all the lines get the VAT Exempted flag and the VAT Exemption type defaulted If for any line VAT Exemption is not applicable then you can uncheck the VAT exemption for such line The VAT Exemption types are Vat Exemption Item Export Inter State Sale Sale to Specified parties Transfer This field becomes required when VAT Exemption Type is selected This field becomes required
422. nfirm India localized You have an option to change or add new freight lines using the Ship Confirm Localized screen Important All the features mentioned here involving changes to India Local Order Management 4 5 transaction has to be completed before Auto Invoice happens else the same will not flow to the AR Transaction Pre Printed Excise Invoice Numbers You can enter your pre printed Excise Invoice Numbers against each delivery Such numbers can be alpha numeric in nature It is also possible that a delivery may be printed on more than one pre printed Invoice For such cases option has been provided to enter from and to numbers so that the same is recorded in the system for future reference Record AR3A Form Number and Date You can record AR3A form Number and Date against individual shipment line for Excise Exempted transactions for the purpose for tracking Reports Receivables generates these reports for India India Debtors Ledger Report Lists all the transactions with the Customer to arrive at the net liability for the Customer You can use this report to get Debtors Sub Ledger India Commercial Invoice for OM Report This Report gives you the Commercial Invoice with Excise Invoice Number Excise Details for a Sales Order against each delivery India Forecast Excise Amount in RG Registers Gives the Forecast for CENVAT and PLA Payments for a given Organization Location Combination from As of Date to Entered
423. nformation The table provides a detailed field wise description of the screen Field Description Type Action Description Organization Required EDIT HELP The user defined Inventory Name Location PICK Organization name needs to be picked up from list of values for which the Additional Information is going to be incorporated You must create a Oracle Financials for India User Guide Field Description Type Action Description Master Organization Information Block Master Organization This check box decides whether the Flag Organization is a Master Organization or a Child Organization If it is a Child Organization this needs to be attached to the Master Organization Consolidated Excise Registers can be generated from the Master Organization Important In the Master Organization Information block you have to specify whether the Organization represents an Excise Licensed Organization or a Child Organization If you select a Child Organization you need to specify the Excise Licensed Organization that the Child Organization belongs to For a Master Organization and Location combination enable the Master Organization Flag with Location specified The ECC number defined for the Master Organization defaults to all Child Organizations when Master Organization is selected Field Description Type Action Description Excise Block Excise Range Optional The following information is related to Excise Re
424. ng Unit Needy date Display only Defaulted from Standard Apps PO Forms India Local Purchasing 2 43 Field Description Type Action Description Line Amount Display only Represents the material cost excluding tax and defaulted from Std Apps PO Form Tax Amount Display only Tax Amount for a Item in a line are defaulted here India Local Tax Details Form and this field will get updated whenever any change made in the Tax Calculation The following is the Tax form for the above Purchase Order India Localization and which shows all the taxes related to that PO and the user can add or delete a tax lines depending upon his requirement Through Apply Button the user can save the tax lines Navigate to Purchase Orders gt India Local Purchase Order gt Taxes e Taxes can be defaulted based on the Three way defaulting logic used by Oracle Financials for India e You can modify the defaulted Taxes e Taxes can be modified only before approving the Purchase Order e If you need to change the taxes on approval of the Purchase Order the solution suggested is to create a purchase order revision by modifying the PO lines and then change the Taxes PO Releases Localized This feature is designed to take care Taxes for a PO Release against Blanket Agreement and Contract Agreement Standard Applications PO Releases Form will be invoked through Open button and after filling up the inventory details for a Blanket or Contract
425. nmatched only if the same is not shipped Unmatch of Shipped deliveries is not possible as tax impact is already over Field Description Type Action Description Match Type Required PICK This is an LOV showing options of Match amp Unmatch 7 12 Oracle Financials for India User Guide Field Description Type Action Description Organization Required PICK This shows a list of Trading Organizations based on Localization setup Order Type Required PICK This shows a list of Order Types that are available Delivery ID Optional Delivery ID may be entered by the user from LOV for which the matching of receipt is already done but not shipped Delivery Detail ID Optional Delivery Detail ID may be entered by the user from LOV for which the matching of receipt is done but not shipped Leaving this blank will result in un matching of all lines pertaining to the given delivery Manual RG 23 D Entry RG 23D Manual Entry is a view entry form that can be used to view enter the Manual RG 23D transaction It displays on query all the transactions that have an entry in the RG 23 D register sorted on the Year amp Serial Number Each Trading inventory organization is considered as Excise Unit Thus you need to specify the Organization Name and Location both for querying amp for making manual entries into the register Querying can be done based on certain fields on the Entry Block and also Transaction Details block The
426. not 8 4 Oracle Financials for India User Guide updated with the new project information If the requisition line is included on a new purchase order after you change the project information Oracle Purchasing copies the new project information to the new purchase order The Account Generator builds a new account number value when you change the project information The new project information is used in commitment reporting India Localization taxes will be included as commitment cost in the appropriate projects Purchase Order Adjustments You can update project information on a purchase order even after it is approved and invoiced However you cannot update project information if there has been any accounting activity on the purchase order for example if it is encumbered or if it is accrued on receipt and the distribution has been received or billed If the purchase order is invoiced before you update the project information the invoice is not updated with the new project information If the purchase order line is invoiced on a new invoice after you change the project information Oracle Payables copies the new project information to the new invoice The Account Generator builds a new account number when you change the project information The new project information is used in commitment reporting India Localization taxes will be included as commitment cost in the appropriate projects Integrating with Payables When you mat
427. nput S No Serial Number for the Block of Assets will be reported Type Block of Assets name will be reported Period Depreciation period in a financial year will be reported Opening WDV as on start date of a Financial year Opening Written Down Value for a Block will be reported Addition during the year Addition made during the year to a Block will be reported Deletion and Sale in the year Deletion and Sale during the year to a Block will be reported Deletion and Sale in the year Deletion and Sale during the year from a Block will be reported Total Total of WDV balance for a Block before applying depreciation Block will be reported Rate of Depreciation Rate of Depreciation for a block will be reported Depreciation for the year Depreciation for a block for the year will be reported Closing WDV as on End date of a Financial year Closing Written Down Value for a Block will be reported India Local Fixed Assets 6 11 India Depreciation Detail Report Start Date Financial year start will be available in the LOV Once the start date is entered End Date End date as per User requirement can be entered Level of details The user can specify either a Detailed Report or a Summary Report according to his requirement Detailed report will provide complete assets details and Summary Report will provide Block wise details for multiple years S No Block of Assets name will be reported Period Period for which report is submi
428. nsaction would be restricted to the taxes that are included in the Tax Category Commit Interval Enter a Numeric Value here The program will commit the processed records in groups defined by this Number Process Partial Select Yes or No All OPEN Documents including those Partially Processed will be considered for update if you selected Yes Update Tax Category On completion of Patch application the Tax Category will default on the existing documents The Tax Categories would be defaulted based on the existing Localization 2 50 Oracle Financials for India User Guide setup Oracle Financials for India is designed to handle tax defaulting and calculation for the transactions entered by the user through Requisitions RFQ Quotations Purchase Orders PO Releases Receipts Sales Orders and RMA The Defaulting would be based on the Three way defaulting logic followed for Oracle Financials for India i e based on Supplier Customer Supplier Site Customer Site or Item Class However following would be exceptions e Internal Requisitions Localized in case of Internal Requisitions created from Requisitions Local the taxes would be defaulting only from the Item class applicable to the lines e Blanket Releases Localized Taxes would be flowing from the Blanket Purchase Agreement e Internal Sales Order Internal Sales Order would be created on importing Internal Requisitions Receipts Localized The Localizatio
429. nsidered for the calculation of Excise Duty amp VAT You would also define the Item Category list to default localization taxes You will have to make this setup for each Customer Site For further information see Define Customer Additional Information page 4 22 Defining Item Information You need to associate Localization related information of an Item before you start using the Item for Oracle Financials for India transactions Prerequisites Before you enter the Item Information you must e Define Organizations e Define Items Under VAT Excise Regime items have to be classified into Capital Goods Raw Material Finished Goods Non capital Goods You can classify the items into these categories Along with classification of items you can also specify CENVAT VAT applicability recoverability and Classification code for each Item You can setup templates with possible Item classifications Multiple items can be assigned to templates at the same time This feature enhances usability and minimizes time required to complete this setup To define Item Classifications access India Local Inventory responsibility by navigating to Setup gt Item Setup gt VAT EXCISE Item Classification Item Classification Items need to be classified to define recovery claim terms for them The following attributes need to be captured for each item 1 66 Oracle Financials for India User Guide Attribute Name Attribute Value Applicable
430. nt details on the iSupplier pages In the Supplier Agreements Summary page India Localization tax amounts released are displayed along with the base amounts released In Blanket Agreement Details page that opens on drilling down from an Agreement number India Localization taxes without amounts are displayed for the Price Breaks defined for the Blanket Agreement In the Blanket Agreement Details page that opens on drilling down from an agreement India Localization Tax Amounts are displayed along with the base amounts for each Blanket Release or related Standard Purchase Order in case of a Global Blanket Agreement Blanket Release Receipt Invoice Tax amounts are displayed along with base amounts in the Summary block in the Blanket Release details page that open up on drilling down from a Blanket Release number Tax details are displayed in a view only mode for each blanket release line in the Blanket Release details page that opens up on drilling down from a Blanket Release number India Localization Tax Amounts are displayed in the Receipts Invoices and Payment details pages that open up from the Blanket Release Related Information links Cancellation and Change requests from Blanket release impacts India Localization taxes as in the case of Purchase Orders Similarly Printable View displays PO report for the blanket Agreement Release with India Localization tax amount Viewing Acknowledging and Printing Purchase Orders
431. ntry 1 100 Oracle Financials for India User Guide Field Description Type Action Description Organization Location Serial No Transaction Date Transaction Type Required Required Required Required EDIT PICK EDIT PICK EDIT PICK HELP HELP HELP The user need to specify the Inventory Organization name from LOV in which RG23 Register entries are going to be accounted The user needs to specify an Inventory Organization for which he wants to view the RG 23A amp C Register balance and information The user needs to specify the Location of an Inventory Organization from LOV in which the RG23 entries are going to be accounted The user needs to specify a Location of an Inventory Organization for which he wants to view the RG 23A amp C Register balance and information It is system generated Serial Number after entering a transaction The Transaction Date will be entered here and If the user wants to view the RG 23A amp C Register for a particular day then he has to specify the Transaction Date The Transaction Types are Receipts Issue Inter Org Receipt Inter Org Issue Receipts Adjustment Issue Adjustment Production Receipts Production Issue Customer return can be entered here By picking one the types the user can view all RG 23A amp C entries for that type India Local Inventory 1 101 1 102 Field Description Type Action Description Is
432. nts based on business rules through integration with Oracle Workflow technology which automates many of the key procurement processes Oracle Receivables User Guide This guide provides you with information on how to use Oracle Receivables Use this guide to learn how to create and maintain transactions and bills receivable enter and apply receipts enter customer information and manage revenue This guide also includes information about accounting in Receivables Use the Standard Navigation Paths appendix to find out how to access each Receivables window Oracle Receivables Implementation Guide This guide provides you with information on how to implement Oracle Receivables Use this guide to understand the implementation steps required for application use including how to set up customers transactions receipts accounting tax and collections This guide also includes a comprehensive list of profile options that you can set to customize application behavior Oracle Receivables Reference Guide This guide provides you with detailed information about all public application programming interfaces APIs that you can use to extend Oracle Receivables functionality This guide also describes the Oracle Receivables open interfaces such as AutoLockbox which lets you create and apply receipts and AutoInvoice which you can use to import and validate transactions from other systems Archiving and purging Receivables data is also discussed in th
433. nual 57F4 This form can be used to create a Manual 57F4 for sending material for Outside Processing and view the 57F4 Forms Manual Forms can be created based on an OSP PO India Local Purchasing 2 13 or just on the basis of Supplier Information filled in the Query window Report Submission If the Manual 57F4 Form is being created based on a OSP PO the system checks for the dispatched quantity in the Primary Form An entry is allowed in the Manual 57F4 Form only if the full quantity is not dispatched through the Primary Form System does not allow to dispatch any additional material against the PO in excess of the materials required for the WIP Job linked to the OSP PO Item line Use the Submit Requests INV amp PO Modules Form and enter OSP Pending Receipts Report in the Name field to submit the report If the Manual 57F4 form being is created based on the Supplier there is no linkage to the WIP Job and hence the update to the Form is entirely Manual The system shall not default any Job related data while creating the Form entries neither it updates the Return Quantity value as there is no linkage to any PO in this case The form updates have to be done manually based on manual controls of issue and receipt Transactions Outside Processing Enter Manual 57F4 Field description Type Action Description PO Number Required optional EDIT HELP PICK Select PO Number from LOV if a PO has been raised for this OSP transacti
434. nually or imported through an EDI CRM or external source Once in the system the order is ready to be pick released and shipped if needed by the Shipping application It can then proceed through the AutoInvoice program into the Oracle Receivables application to be invoiced All of the accounting information is transferred to the General Ledger by the Inventory and Receivables applications Oracle Order Management Implementation Manual The Oracle Order Management Suite enables you to capture orders from multiple channels price orders check product availability schedule fulfillment plan shipments ship deliveries and track shipments The Oracle Order Management Suite consists of a Oracle Order Management b Oracle Shipping Execution c Basic Pricing Oracle Payables User Guide This guide describes how to use Oracle Payables to create invoices and make payments In addition it describes how to enter and manage suppliers import invoices using the Payables open interface manage purchase order and receipt matching apply holds to invoices and validate invoices It contains information on managing expense reporting procurement cards and credit cards This guide also explains the accounting for Payables transactions Oracle Payables Implementation Guide This guide provides you with information on how to implement Oracle Payables Use this guide to understand the implementation steps required for how to set up suppliers payments
435. nvoice Tax Category Service Type You can use this option to default the tax category on the invoice lines LOV contains the values of tax category or service type based on the Field Name selected If you select this check box then the default values will be inserted for all the lines If you leave this check box unchecked then values will be inserted only for those lines where the values are NULL Use this button to default the values of Tax Category or Service Type based on Field Name selected This field displays the line number for the invoice line This field displays the description for the invoice line This field displays the line amount for the invoice line This field displays the line tax amount for the invoice line 8 18 Oracle Financials for India User Guide Field Description Description Tax Category Service Type You can select a tax category here This will override the tax category defaulted for the invoice line Select the Service Type to be used for the invoice line Click Taxes to view taxes for the line Field Description Header Section Application Document Type Document Number Document Line Number Line Amount Lines Section Line No Tax Name Tax Type Precedences 1 10 Description This field will display Projects as default value This field will display PROJECT_DRAFT_INVOICE as default value This field will display Document N
436. nvoices Hence no support is currently provided for this feature of isupplier portal Receipts from ASN ASBN After the Supplier creates the ASN ASBN you will receive an intimation of the same along with the expected date of arrival On the receipt of the Shipment you will make a receipt as in the normal P2P cycle Before creation of a Receipt you have to run the concurrent Receiving Transaction Processor for interfacing the ASN ASBN Create a receipt by navigating from the Receipt Localized form and click New query the ASBN number in the Find Receipts form and complete the Receipt header and line details After the receipt is created come back to the Receipt Localized window and in the Receipt Header section and Receipt Lines Excise Invoice Number and Excise Invoice Date will be defaulted from the ASBN if these details are filled in the ASBN From here on the process of making of the Receipt and Creation of the Invoice in Payables and making payments to the Supplier will follow the normal course of the P2P cycle For an ASN receipt Taxes get defaulted from the Purchase Order to the Receipt and all the taxes can be modified new Supplier Taxes or Third Party Taxes added provided the Organization level parameter Allow Tax Change on Receipt is set to YES for the Organization Location combination For ASBN Receipts the defaulting shall be from the ASBN Supplier specified taxes and no further addition modification can be
437. nvoices which are lower than the Threshold Amount will be ignored for TDS Calculation Cumulative Threshold applies to aggregate of all Invoices for the Financial Year If this Threshold is setup with a monetary limit TDS will be deducted on all the Invoices after India Local Payables 3 11 Vendor Setup this monetary limit is reached In case of the Invoice due to which the Threshold Limit is reached TDS will be calculated on all the earlier Invoices also that were ignored TDS Calculation In case both TDS Thresholds are setup with a monetary limit Single Invoice Threshold will operate only if the Cumulative Invoice Threshold is not reached Once Cumulative Invoice Threshold is reached Single Invoice Threshold will be ignored You have a flexibility to specify Effective Dates for each TDS Thresholds These Effective Dates are validated compared against the accounting date of the Invoice distributions and TDS Thresholds will operate only between these Effective Dates Once an end date has been put a particular TDS Threshold you can define a New TDS Threshold for that particular Threshold Type Using this flexibility you can take care of the Threshold modifications happening from time to time without modifying any setup at the individual Vendor level You will have to specify the TDS Vendor Type and Default TDS Section for a Vendor in the Supplier Additional Information screen Based on this information TDS Thresholds for the
438. o name of Imported Item Quantity Quantity of Items Imported UoM Primary Unit of Measure of Items Imported BoE No Bill of Entry Number of Imported Item India Local Receivables 5 95 BoE date Date of BoE of Imported Item Item code Imported Item code Duty Drawback Amount Amount of Duty paid on Imported Item that is being claimed back Total Duty Drawback Amount AR4 number wise Total duty drawback amount Grand Total Report s Total duty drawback amount Report Order Report is printed in the order of Shipment Date of Exported Items and Imported Item Description Journal Voucher Report This reports provided the Listing of Journals created for a given period with the respective sources Report Submission Use the Submit Requests form India AP and AR modules and enter India Journal Voucher in the Name field to submit the Report Report Parameters Source Optional PICK The user wants to take journals of a particular source then he can specify that name JV No optional PICK Specific Journal Number the user wants to take a report otherwise left blank Period Order Invoice Required Start Date and End Date Report Headings Report headings provide you with general information about the contents of the report and the user entered parameters Column Headings GL Date JV Number JV Date GL Date 5 96 Oracle Financials for India User Guide Narration Source AC Code Description of the Account
439. o register themselves with Central Excise will ensure that the Register in form RG23D is maintained in the warehouse and should be available for inspection by Central Excise Officers In a Trading Organization the following are the essential requirements Capture Registration details for Trading Activity Maintain RG23D Register Ensure Excise Duty per Unit to be constant figure on your Receipts as well Issue Tax lines Match receipts quantity before making delivery Enter Manual entries into RG23D to update the physical quantity discrepancies in the Book Trading Functionality 7 1 Major Features Excise Registration details of Trading Organization Provision has been provided for the User to classify an organization location to be trading in addition to the capturing of their excise registration particulars This will be applicable for all sub inventories coming under trading organizations and user can also identify individual sub inventories as trading Provision to capture user definable excise invoice numbers for trading organization User will have a provision to capture Excise department approved numbers for Excise invoices being generated for shipments from these Trading Organizations Tracking original excise invoice of receipt with the shipments from these trading organizations User will have a provision to associate original excise invoice reference on the basis of LIFO or FIFO There is a provision to specify the invoic
440. oa aaiae aE a aaa a adaa iat 9 7 Purchase Orders ii ae E SE 9 8 R ceiving Taan a ae E pea isbn Mite Sas E r i oat Mua tdi 9 9 RE POrts sii she jos mpera aia AE aa A A AA A aE a E ONS 9 11 India Local iSupplier iS pplier Qvetvie Wiis cesses ciecceses itteceesaaceceatiancteen saccgenbesaceneaenseoceentaacacenstsactestessandeeataaccteentaadaears 10 1 Setting Up 1Sup pliers iciciosciecccssstacccteesiedioestaadcccestaacteete ssacceentsaccteennaacaeestesaceenanacdeeas tad ceesteaacs 10 4 Processing iSupplier Transactions 0 00 cceccece eee eter tee tee eres eee teee tee sneenieeeeneeneeegs 10 8 Buyer Actions anian ane eee ead ah ad eon AAS 10 12 Send Us Your Comments Oracle Financials for India User Guide Release 12 Part No B31522 03 Oracle welcomes customers comments and suggestions on the quality and usefulness of this document Your feedback is important and helps us to best meet your needs as a user of our products For example e Are the implementation steps correct and complete e Did you understand the context of the procedures e Did you find any errors in the information e Does the structure of the information help you with your tasks e Do you need different information or graphics If so where and in what format e Are the examples correct Do you need more examples If you find any errors or have any other suggestions for improvement then please tell us your name the name of the company who has li
441. ocal Order Management 4 31 Field Description Type Action Description LC Flag Optional CHECK BOX This field should be ticked for marking the Order as a LC enabled Order Field Description Type Action Description Exemption Ref No Required Opti You can use this field to input the onal details of the Document Transaction on which Exemption is claimed from payment of Duty Excise Exempt date Required Opti You need to enter date CT2 Form onal CT3 Form Excise Exemption Certificate respectively VAT Exemption Type Optional If you need to carry out an VAT Exempted Exemption Type needs to be picked up in this field For where VAT is payable this field need to be left as null Whenever you pick for an VAT Exempted transaction all the lines get the VAT exempted flag and the VAT Exemption type defaulted If for any line VAT Exemption is not applicable then you can uncheck the VAT Exemption for such line The VAT Exemption types are Transaction the Transactions VAT Exemption Item Export Inter State Sale Sale to Specified parties Transfer 4 32 Oracle Financials for India User Guide Field Description Type Action Description VAT Exemption Date VAT Exemption Refno Order Total Line level Line Number Shipment Number Item UOM Quantity Tax Category Line Required Opti onal Required Opti onal Displayed Displayed Displayed
442. ocalization Tax Amount and details are displayed in the Receipts Invoices and Payment details pages that open up from the Purchase Order Related Information links Tax details are displayed in a view only mode for each Purchase Order line in the Request Cancellation page On approval of the cancellation of the line or order initiated from iSupplier related India Localization tax lines are also cancelled Tax details are displayed in a view only mode for each purchase order line in the Request Changes page that opens up on pressing the Request Changes button On approval of the changes Quantity or Price change Shipment splitting etc initiated from iSupplier related India Localization tax lines are also changed accordingly Advance Shipment Notice An Advance Shipment Notice ASN is a notice to the Receiving Organization that a shipment is coming The ASN contains details including shipment date time and India Local iSupplier 10 9 identification number packing slip data freight information item detail including cumulative received quantities country of origin purchase order number and returnable container information Once you create an ASN in the iSupplier portal the Buyer gets a notification about the shipment being arrived Buyer has to execute the Receiving Transaction Processor concurrent program to import the ASN details into the receiving tables After you have entered the ASN Header and Lines details and subm
443. ocess of claiming CENVAT is similar to that of the Excise Duty CENVAT The accounts set for the BOE Account will be used in this case Currency Change for Customs Duty Since the Customs Duty is to be paid in the Functional Currency INR you are allowed to change the applicable Currency at the transaction level However the provision to change Currency will depend upon the parameters set while Defining the Tax in the India Local Tax Definition option Customs Duty Payment Before Receiving Material Since the Customs Duty is always paid in advance i e the amount is paid before the material is received in stores there is a facility where the duty could be paid before receiving the material For this purpose an on Account prepayment payment can be made in the name of Customs Authorities Bill of Entry BOE as given by Customs Authorities is then entered in the system BOE is settled against the prepayment Bill of Entry BOE on Receipt Provision to apply the BOE to the Receipt is required Only the fully paid Bill of Entries will be considered for application at the time of Receipt This will identify the BOE used for any particular Receipt The Bill of Entry can only be applied against the Customs Duty type of Taxes i e Basic and Additional Customs Duty India Local Purchasing 2 5 Applying Bill of Entries BOE to PO Receipts During Receipts the BOE amount applied to the line will be considered as the applicable Customs Duty A
444. ocurement Requisitions and Receipts e Defaulting Taxes to iProcurement Requisitions For Items that attract Localization Taxes Taxes will be defaulted on the iProcurement Web UI when a Requisition is created These taxes will be defaulted based on the Tax Defaulting Rules Taxes would be defaulted automatically based on Item Category assigned to the Supplier Supplier Site Supplier Null Site or based on the Item Class assigned to the Tax Category for the Supplier Taxes applicable to an Agreement shall be defaulted on shopping a specific item attached to a Blanket Purchase Agreement Contract In case of Non Catalog Requests taxes need to be added manually as tax defaulting mechanism in IL is available only to items with Inventory Setups e Manual Changes to Defaulted Taxes to iProcurement Requisitions Taxes defaulted during iProcurement Requisition can be modified manually in case of a need depending on your Authorization New taxes can be added or existing taxes modified or deleted based on your Authorization levels You can define or modify precedence logic for calculation of Tax Base Amount on which the Tax Rate would be applied The Tax Base Amount can either be the line amount or line amount including other taxes calculated for the transaction e Taxes Applicable at the Time of Receipt When material is received against Requisitions the taxes defined at the PO level get defaulted proportional to the quantity received You can modi
445. oice or Payment Voucher will be reported Account Code GL Account for the respective transaction will be reported Currency Transaction currency will be reported Exchange Foreign Currency Dr Debit amount in a foreign currency transaction will be reported Foreign Currency Cr Credit amount in a foreign currency transaction will be reported Rupee Equivalent Dr Rupee equivalent for the Debit amount will be reported Foreign Currency Cr Rupee equivalent for the Credit amount will be reported India Creditors Trial Balance Report Use the Submit Requests India Local AP modules Only form and enter India 3 64 Oracle Financials for India User Guide Creditors Trial Balance in the Name field to submit the report Report Parameters If the User wants Creditor Trial Balance for a specific vendor then he need to enter vendor name here otherwise Trial Balance for all the vendors for a given period will be reported Vendor Number of the above Vendor will be defaulted here Vendor Type Optional Vendor Type will be shown in this column Account Code Optional CL Account code will be printed here As of Date Required Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings SLNo Serial Number of the Trial Balance will be reported Vendor Type Vendor Type will be reported Vendor Name Vendor Name will be re
446. omer Number will be displayed here Delivery ID may be entered by the user from LOV for which the matching of receipt is going to be done Delivery Detail ID may be entered by the user from LOV for which the matching of receipt is going to be done Order Number must be entered by the user from LOV for which the matching of receipt is going to be done Line No of an Order can be entered here If this flag is checked the system shall automatically match the Delivery detail lines with the available Receipts to the Subinventory based on a FIFO logic 7 8 Oracle Financials for India User Guide Field Type Action Description Description Clear Optional Find Auto Required Unmatch This button shall clear fields in the Find window This button is used for directing the Transaction in 3 different action paths based on the values provided in the MATCH TYPE and AUTOMATIC MATCHING fields If MATCH TYPE is MATCH and AUTOMATIC MATCHING is UNCHECKED the RG23 D Register Entries screen shall be opened for Delivery Detail level matching If MATCH TYPE is MATCH and AUTOMATIC MATCHING is CHECKED system shall match the Delivery lines against available Receipts on FIFO basis If MATCH TYPE is UNMATCH the system shall rollback the matching previously done against the DELIVERY Receipt for which the matching was done earlier shall again be available for matching for other deliveries This fe
447. omer will be displayed here from Standard Apps Sales Order Form The Order Line Amount appearing in the Standard Apps Sales Order Form in will be displayed here This field shows the total of the Localization taxes worked out for the Sales Order Sales Returns Order 4 30 Oracle Financials for India User Guide Field Description Type Action Description Excise Exempt Type Optional If you need to carry out an exempted transaction the Exemption Type needs to be picked up in this field For transactions on payment of duty this field need to be left as null Whenever you pick for an Excise Exempted Transaction you need to enable the Excise Exempted Flag in the line level The excise exemption options are CT2 IND This option needs to be mapped to the requirements under Rule 20 of the Central Excise Rules This Amount will not be accounted in the Receivable CT2 OTH IND In case the Customer needs to be Debited for the Excise Duty under of the Central Excise Rules this option need to be used As per the provisions of the above rule Duty debited should not be debited to the Customer CT3 IND This option needs to be picked up for clearance of goods to 100 Export Oriented Units without payment of Duty against CT 3 Certificate Excise Exempted Certificate IND Excise Exempted Certificate Others IND This option may be used for transactions without payment of duty India L
448. on Total Lines Lines W O VAT Details Query Lines Block Item Class Item Name Lines W O VAT Details Claim Status Query Lines Populate Defaults Block Processing Action Displays Number of Receipt lines Displays lines without VAT Invoice Details Use this block to query for specific Receipt Lines Select a Item Class from the LOV only when you would like to view and process lines of a specific Item Class Select a Item Name from the LOV only when you would like to view and process lines of a specific item Check this box only when you would like to view lines that do not have VAT Invoice Number and Date Select a specific Claim Status from the LOV All lines with the matching status would be selected Click this button to Query all Lines with values matching those entered in this block Specify values here that should be defaulted on all Receipt Lines that are being queried Select a processing action that should be stamped on all lines that are queried You can select from the following options 1 Claim This implies that the lines will be claimed in the next claim process 2 Not Claimable This status indicates that the lines will not be eligible for claim Pending By marking lines as pending you are indicating that these lines would remain in pending status and would be separated from the claim process 1 36 Oracle Financials for India User Guide Field Description Description
449. on otherwise leave blank Vendor Name Optional EDIT HELP PICK Select Vendor Name from LOV for whom the 57F4 is going to be created Vendor Site Optional EDIT HELP PICK Select Vendor Site for the above Vendor from LOV relevant for a 57F4 transaction Click Open and enter values into the 57F4 India Local Form based on the details below 2 14 Oracle Financials for India User Guide Field Description Type Action Description Organization Location Form Number Form Date Supplier Name Dispatch Date Supplier Name Max Days Permitted Receive upto Registers Block Required Defau ENTER Ited Required ENTER Display Only Display Only ENTER Required Defau ENTER Ited Display only Required Defau ENTER Ited Display only Display only The user needs to enter the Inventory Organization name here If the Manual 57F4 referred through a Purchase Order then the PO Organization will be defaulted here The users need to enter the Location of the above Inventory Organization where this Manual 57F4 is to be raised System generated Form Number will be displayed after completion and approval of a transaction By default this will be Current Date If the Manual 57F4 referred through a Purchase Order then the PO Supplier Name will be defaulted here otherwise the user need to enter the Supplier Name By default Current Date and Time will be displayed here If
450. on user enterable details against this TDS Certificate India Local Receivables 5 41 Reports Receivables generates this report for India India Receivable Tracking Report This report lists the certificates received from the customers and its corresponding details Setting Up India Local Receivables This section describes the setup procedures for India Local Receivables You must enter the setup information for your company before you use Transactions Localized RG Consolidation and Supplementary Invoices Defining Bond Register The calculation of Excise Duty and updates of Excise Registers are based on the setup made in the define bond register Before making this set up you need to define the Order Types and Transaction Sources Excise transactions are classified into the following categories e Domestic with Excise e Domestic without Excise e Export with Excise e Bond Register Export under Bond Excise transactions need to be identified based on the Organization Location combination and against each Excise Transaction multiple Order Types and Transaction Sources can be assigned Order Type need to be assigned to Excise related transactions from Order Management Module and Transaction Source need to be assigned for all Excise related transactions through the Stand Receivable Module If the Organization Location is of Manufacturing type excise related transactions for manufacturing set up need to be associated Li
451. on If there is any Assessable Value attached to the Customer for the Item Excise Duty will be calculated on the Assessable Price List and not based on the line price If no Assessable Value is defined for a Customer Item Excise Duty will be calculated on the line price amount 4 24 Oracle Financials for India User Guide When Customer relationships have been defined the List of addresses will show LOV of related Customers also However the LOV will not show all values based on Profile setup for Customer relationship e Whenever the price charged is not the sole consideration and a different price needs to be considered for calculating Excise Duty you must attach the price as Assessable Value The price that needs to be considered for calculating Excise Duty VAT needs to be defined in the Price List e All the columns have been not described Do we need to describe for all the values If yes we can pick and paste it from AR Defining Bond Register The calculation of Excise Duty and updation of Excise Registers are based on the setups made in the define Bond Register Before making this set up you need to define the Order Types and Transaction Sources Excise Transactions are classified into the following categories e Domestic with Excise e Domestic without Excise e Export with Excise e Bond Register Export under Bond Excise Transactions need to be identified based on the Organization Location combination and against eac
452. on Information is the basic data for all Oracle Financials for India activities and accounting Define an Organization and Location through the Standard Application Form Define Additional Information for an Organization Location and each Organization s Location will be identified as an Excise Tax Unit While creating the Additional Organization Information it is mandatory to create two sets of records one at null location level and another with location If multiple organizations are defined within the same excise registered premises you can opt to identify one Organization and Location combination as Master Organization and all others will be treated as child organizations and should have the reference of the Master Organization based on ECC code In such setup the Master Organization will be the Organization where Excise Registers are generated only from the Master Organization Important The master child relationship is used only to generate consolidated Excise Registers at Master Organization level You need to submit India Master Org RG request set to consolidate Excise Registers at Master Organization Prerequisites Before you enter the Organization Additional Information you must 1 Define Organizations 2 Define Locations 3 Assign Organizations to Locations Defining Tax Information 1 4 In Oracle Financials for India navigate to the Organization Tax Information window from Setup gt Organization gt Addition I
453. on the AP Invoices created for the Purchases Report Submission Use the Submit Requests India Local AP amp PO Module Only form and enter India Purchase Register Report in the Name field to submit the report Report Parameters The User wants purchases for a specific Vendor then he can enter the name otherwise purchase for all the Vendors will be reported If Vendor Name is specified in the above parameter then the respective Vendor Number will be defaulted Period of Report Required Enter the period for which you wish to take the Purchase Report for Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name and Operating unit information based on User parameter input Column Headings S1 No Serial Number of the Line details will be reported Voucher No Purchase Invoice Voucher Number will be reported Vendor Name Name of the Vendor will be reported 2 76 Oracle Financials for India User Guide Bill No amp date Supplier Bill No amp Date will be reported PO Number amp Date Purchase Order Number matched to the Invoice Remarks Remarks appearing in the Purchase Voucher will be reported Currency Transaction Currency will be reported Net Amount Purchase Invoice Line Amount will be reported The following taxes in a purchase invoice will be reported Excise Duty Excise Duty amount associated in the transaction Customs Duty Custom
454. on the related India Localization tax distribution to achieve correct project cost Supplier Invoice Adjustments in Oracle Projects You can perform the following adjustments for supplier invoices in Oracle Projects e Transfer between projects tasks e Split expenditure item e Adjust supplier invoice expenditure items India Local Projects 8 7 e Enter a miscellaneous pre approved expenditure item to adjust the related discount amounts e Reclassify item as billable or non billable e Reclassify item as capitalizable or non capitalizable e Edit comment e Hold or Release from Billing Project users can perform these adjustments in Oracle Projects because the actions do not change the amount of the invoice that is processed in Oracle Payables These adjustment actions change the project information of the supplier invoice item which is used in Oracle Projects processing After you have made adjustments to supplier invoice items you must send the adjustment information back to Oracle Payables so the Payables distribution lines match what is recorded in Oracle Projects Oracle Payables will interface adjustments that affect the GL account number to Oracle General Ledger You run the following processes in Oracle Projects for supplier invoice adjustments e PRC Distribute Supplier Invoice Adjustment Costs e PRC Interface Supplier Invoice Adjustment Costs to Payables If you need to change the invoice amount supplier or expenditure ty
455. on to PO You can schedule this program so that taxes default on all eligible PO s Navigation India Local Purchasing Reports Run India Concurrent request for defaulting taxes in PO when linked with Quotation India RG Period Balances Calculation This program calculates balances for the CENVAT Taxes These balances are maintained on a monthly basis These balances are used in the India RG 23 Register Reports If the balance for the previous month is not calculated before running India RG 23 Register Report then India RG 23 Register Report ends with an error Navigate to India Local Purchasing gt Reports gt Run gt India gt RG Period Balances Calculation Parameters Register Type The register Type can either be A for Input register and C for Capital Goods Consolidate Till This should be last date of the unprocessed month Any other date will India Local Purchasing 2 35 end this program with an error Rounding Excise Amounts This feature is to comply with the rounding of Total Excise Duty on an Excise Invoice This feature ensures that the Total of Excise Duty in an Excise Invoice is rounded to the nearest rupee Prerequisite Setup You should specify 2 as the Rounding Precision for the Excise Tax that you are defining For Complete information on Setting up Taxes refer to Setting Up Tax Information section of Oracle Financials for India User Reference Manual Specify the Excise Rounding
456. ons in Oracle Applications Oracle Assets User Guide This guide provides you with information on how to implement and use Oracle Assets Use this guide to understand the implementation steps required for application use including defining depreciation books depreciation method and asset categories It also contains information on setting up assets in the system maintaining assets retiring and reinstating assets depreciation group depreciation accounting and tax accounting budgeting online inquiries impairment processing and Oracle Assets reporting The guide explains using Oracle Assets with Multiple Reporting Currencies MRC This guide also includes a comprehensive list of profile options that you can set to customize application behavior Oracle Bills of Material User s Guide This guide describes how Oracle Manufacturing and Oracle Order Management use bills of material to store lists of items that are associated with a parent item and information about how each item is related to its parent Oracle Manufacturing supports standard model option class and planning bills of material Oracle Cash Management User Guide This guide describes how to use Oracle Cash Management to clear your receipts as well as reconcile bank statements with your outstanding balances and transactions This manual also explains how to effectively manage and control your cash cycle It provides comprehensive bank reconciliation and flexible cash f
457. or an item in the PO AP cycle Possible Values 1 Yes Input VAT claim in PO AP cycle can be availed based on this attribute All input material on which input VAT claim has to be made should be defined as Yes 2 No Input VAT claim is not applicable if this attribute set to No Item Folio This is dummy attribute where users can store any requisite data which can be used in future for custom needs Item Attribute Definition Process As part of the VAT solution Oracle Financials for India allows you to define templates for item attributes and assign them to items You can define an Item Template and its name along with combination of the Tax Regime the Applicability Item class and other common attributes This defined template can then be attached to multiple items reducing the need to revisit individual items and repetitive defining of attributes for each item You can also assign the same template to various organizations for that item Assigning Item Attributes To assign item attributes navigate to India Local Inventory gt Setup gt Item Setup gt India VAT Service Tax gt Setup gt India VAT Excise gt Item Classification The Find Item Template Assignment window allows you to search for e Item Attributes for a Single Item e Attribute Template for a Single template e Template Assignments currently made Find Item Attribute The table provides a detailed field wise description of the Find Item Attri
458. or of TDS in different scenarios Sr No Case Behavior 1 Invoice created that does not reach No TDS Invoice will be generated the Threshold Single Cumulative 2 Invoice created that reaches Single TDS will be deducted based on the Tax Code Invoice Threshold applicable for Single Invoice Threshold India Local Payables 3 21 Sr No Case Behavior 3 Invoice created Cumulative Invoice Threshold 4 Create Invoice with 2 distribution lines and for each line TDS Tax belonging to a different section is attached 5 Standard Invoice is created In the Invoice Distributions TDS WCT ESI taxes are attached in all the segments 3 segments 6 Standard TDS WCT ESI Invoice is cancelled 7 Standard negative distribution line and one Positive Distribution line and the same TDS Tax is attached to both the distributions 8 Create a Standard Invoice foreign currency and validate the same 9 TDS calculation based on Type of Vendor Surcharge applicable to Vendor Type above Threshold Limit 10 TDS Threshold calculations by manually updating Threshold Invoice amounts in the Manual Thresholds Screen 11 A PO matched Invoice for 2 item lines 12 A Receipt matched Invoice for 2 item lines TDS will be deducted based on the Tax Code applicable for Cumulative Invoice Threshold Adjustment Invoice will be generated based on tax already deducted if any System will generate the TDS Invoices
459. orecasting Oracle E Business Tax User Guide This guide describes the entire process of setting up and maintaining tax configuration data as well as applying tax data to the transaction line It describes the entire regime to rate setup flow of tax regimes taxes statuses rates recovery rates tax jurisdictions and tax rules It also describes setting up and maintaining tax reporting codes fiscal classifications tax profiles tax registrations configuration options and third party service provider subscriptions You also use this manual to maintain migrated tax data for use with E Business Tax Oracle E Business Tax Implementation Guide This guide provides a conceptual overview of the E Business Tax tax engine and describes the prerequisite implementation steps to complete in other applications in order to set up and use E Business Tax The guide also includes extensive examples of setting up country specific tax requirements Oracle Financials and Oracle Procurement Functional Upgrade Guide Release 11i to Release 12 This guides provides detailed information about the functional impacts of upgrading Oracle Financials and Oracle Procurement products from Release 11i to Release 12 This guide supplements the Oracle Applications Upgrade Guide Release 11i to Release 12 Oracle Financials Concepts Guide This guide describes the fundamental concepts of Oracle Financials The guide is intended to introduce readers to the concepts u
460. osen period Tax Total Total Tax for the chosen period Report Order Report is printed in the order of Vendor Name Invoice Date and Tax Rate for the selected Organization India Local Purchasing 2 81 India PLA Register Report This report gives you complete details of Personal Ledger Account as per prescribed format Specified by Central Excise Act Format and columns of this Report is same as specified by the Central Excise Act Use the Request Transaction Reports form and enter India PLA Register Reportin the Name field to submit the report Organization Required PICK HELP Enter A Organization you wish to take the PLA Report for Location Required PICK HELP Enter a Location you wish to take the PLA Report for Transaction From To Date Required PICK HELPOracle Financials for India allows the user to print selectively the transactions from a given date on wards Report Headings Report headings provide you with general information about the contents of the report Oracle lists information as given in the report format of PLA Register Column Headings Sl no Serial Number of the Register maintained in the order of transactions Date Transactions Date Document No Localization prints TR6 challan No Document Date Localization prints TR6 challan No Basic Excise Duty Localization prints cr_other_ed for Excise Duty Special Excise Duty Localization prints cr_other_ed Additional Excise Duty Localization prin
461. ost organization to standard cost organizations and vice versa e Updating RG 23 D Registers In case of Trading Organization RG 23D gets updated both in the Sending and Receiving Organization as against RG 23 A C or RG1 for raw materials capital goods or finished goods item in a manufacturing organization e Reversal of CENVAT Claim In case of Capital Goods being shipped during the same year of purchase the accrued CENVAT Claim will be reversed and Excise Invoice will be generated for the same The user needs to match the items transferred with its original receipt quantity in order to claim the accrued CENVAT credit Note This is possible only in case of In Transit Inventory Transfer e Reversal of VAT Claim In case of Items attracting VAT Type of Taxes and the Claim of VAT is being spread across a period of time and transfer of item happens during the period the unclaimed VAT will be reversed and VAT Invoice Number will be generated in the Shipping Organization Note This is possible only in case of In Transit Inventory Transfer The user needs to match the items transferred with its original receipt in order to claim the accrued VAT credit 1 62 Oracle Financials for India User Guide Define Organization Additional Information Identify and Define Inventory Organizations and Locations that would be reporting to the Tax Authorities The information defined at this level would be the basis for Recording Reporting and Accounting of the
462. ot claimed completely would be fetched This would include receipt lines of the current and also the previous year Combination D 3 All CGIN purchases for which first 50 CENVAT has been claimed would be fetched This would be irrespective of the year Combination F 1 3 All CGIN purchases made in the previous year for which first 50 CENVAT has been claimed in the previous year would be fetched Combination G 2 3 All CGIN purchases for which first 50 CENVAT has been claimed would be fetched This would be irrespective of the year in which the goods are purchased The below mentioned screen will be used to claim CENVAT for the Receipts These Receipts should have associated tax lines and CENVAT Yes Navigate to India Local Purchasing gt India Localization gt Receipts gt Claim Modvat on Receipts gt Find Receipts India Localization Receipt Number Displayed India Local Purchasing 2 65 The Receipt Number for which CENVAT is to be claimed Receipt Date Displayed Date on which the receipt has been entered Item Displayed The Item for which the Receipt has been entered Description Displayed Description of the Item Item Class The Item Class of the Item will be defaulted in this field By default this will be CGIN or CGEX as defined in the Item Category flex field Total CENVAT Amount This field displays the total CENVAT Credit available on the Item Claimed CENVAT Amount If partial Credit is availe
463. ou can enable allow negative balance in PLA and set PLA preference to 1 On doing this all excise payments are done through PLA register and periodic adjustments towards payment of excise duty can be done through RG Consolidation screen In such type of setup the CENVAT registers will have entries only for the credit availed and the adjustments made while computing the exact excise liability fund transfer from CENVAT register to PLA register Important You should get necessary concurrence from the local excise authorities before rolling down with the new system On RTV the registers will be updated based on the preferences Defining Tax Calendar As part of Localization setup you need to define the Tax calendar Excise Registers will be updated only for the Active Period Only one period can be active at a time Prerequisites Before you enter the Tax Calendar Organization Additional Information you must e Define Organizations e Define Locations e Organization Additional Information e Define Bond Register In Oracle Financials for India navigate to Setup gt Organization gt Additional Information gt Tax Calendar If this checkbox is enabled you can overdraw from the PLA Balance available If this option is not enabled the system will hold shipments for want of funds in PLA 1 18 Oracle Financials for India User Guide Field Description Type Action Description Organization Name Displayed The Inventory O
464. ou should specify a Setup Name Though this is not a mandatory HEEL field it will help in identification EDIT Exception Setup CHECKBOX You should check this box if the setup is being made is an Exception Setup that is applicable only to specific Suppliers When this check box is checked indicates Exception Setup Description PICK You can give a Description of the Setup that is being performed HELP P EP EDIT Threshold Types In this block Threshold Types along Block with the effective dates can be captured 3 14 Oracle Financials for India User Guide Field Description Type Action Description Threshold Type Required Start Date End Date Amount Slabs Block From Amount Required To Amount Required Tax Rate Required Taxes block Operating Unit Required PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT PICK HELP EDIT Select Threshold Type here LOV contains Single Cumulative You should specify a Start Date You can select an End Date here Once an End Date is put to a Threshold Type it becomes inactive and you need to define a new Threshold Setup for that particular Threshold Type You will have to give Lower Limit Amount here Please refer illustrations above for more details You will have to enter Upper Limit Amount here This field applies only to Cumulative Threshold Limit Please r
465. ou with general information about the contents of the report Oracle lists information as given in the report format of RG Registers SINo Serial Number of the Register for the Organization and Location selected Date of Receipt Date on which the Capital Goods were received is reported 2 86 Oracle Financials for India User Guide Description of Capital goods received Description of the Capital Goods received is reported Quantity received Quantity of the goods of the Goods Received against the transaction is reported Range and Division The Range and Division of the Organization where the goods have been received Date of Verification The date on which the Capital Goods were issued to the production and verified Issued for Installation Chit no and date Chit Number Issue slip details through which the Capital Goods are issued along with the date Place of Installation Place of Installation where the Capital Goods were installed in the factory premises Date of Installation The Date on which the Capital Goods were installed Date of starting of use Date on which the Capital Goods are put to use Removal of Capital goods Quantity Otherwise Document Id and Date Otherwise Quantity Balance Quantity Derived as sum received_quantity goods_issue_quantity sales_invoice_quantity oth_document_quantity Officer s Initials Blank Folio and Entry No in part II Remarks Remarks as listed in the RG Register
466. ous inputs OR If there is a negative value addition to the goods i e the value of exported goods is less than the imported goods Basic Business Needs In your Business you should be able to Associate Proof of Export POE details for export type of Sales Invoice Calculate Duty drawback by identifying the lowest level components used in production of finished goods and then trace the receipt of each component and corresponding document of payment of duty Ensure that an Invoice is considered only once for claim Ensure that a receipt is considered only to the extent not claimed Reverse the CENVAT claimed if duty drawback is to be claimed Print duty drawback claim report giving Invoice wise details of input component details of Excise Customs Duty payment document and claim amount Major Features Maintenance of Proof of Export POE For export type of removals you are able to associate POE details India Local Receivables 5 39 Maintenance of Duty Drawback claimable You are provided with option to capture duty drawback claimable with each tax name of type Customs or CVD Submission of Duty Drawback claims You are provided with facilities for Generation of Duty drawback claims Automatic this will give you choice of receipt selection method i e FIFO or LIFO Generation of Duty drawback claims Manual in addition to choice of receipt selection this will give you choice of selection of individual Receipt Report
467. owed to be changed and due care needs to be taken while entering the same to enter the correct value The facility provided is to enter the number against each invoice only and group entry features are not possible Excise Exempted Sales Orders By selecting an Excise Exemption Type from the Localized Sales Order you clear excisable goods without payment of duty under specific conditions Excisable goods can be cleared from the factory without payment of duty to a 100 Export Oriented Unit against CT 3 Certificates under the cover of AR3 Excise Exemption options available for the users See Also The features of excise exemption are discussed in detail under the topic Sale Order Localized AR3 A Form Receipts Clearance without payment of Duty under AR 3A needs to be tracked for Receipt of Re warehousing Certificate This legal requirement can be mapped through this functionality All clearances under Excise Exemptions will be recorded in this screen and on Receipt of the Authenticated Document the receipt date can be recorded By viewing this screen you can monitor the Re warehousing certificates that need to be received from the Customers at any point of time Through the find query form you can view the AR3A forms to be received for a particular Customer or all Customers India Local Order Management 4 53 Tracking AR3 Form Receipts In Oracle Financials for India navigate to the India Local AR3 Form Receipt Tracking window
468. own here India BOE Write Off Report This Reports gives the Details of Written off Bill of Entry for a given period 3 66 Oracle Financials for India User Guide Report Submission Report Parameters BOE Number Optional PICK BOLE Number will be shown here BOE Type Optional PICK BOE Type will be shown here Vendor Number of the above Vendor will be defaulted here Start Date Required Start Date will be shown here End Date Required End date will be shown here Report Headings Column Headings The following field will be reported Bill no Supplier Bill Number Bill date Vendor Name will be reported Amount Outstanding Invoice Amount will be reported Remarks Remarks like Partly Paid will appear for Partly paid Invoice India TDS Related Invoices Report This Report provides with the list of All Invoices for which TDS has been calculated For each such Invoice all TDS Related Invoices generated for the Invoice are shown Event Invoices shown On Validating a Standard Prepayment Invoice Credit Memo generated for the Supplier On Applying Prepayment Invoice to a Standard Invoice Invoice generated for the Supplier On UnApply Prepayment Invoice to a Standard Invoice India Local Payables 3 67 Credit Memo generated for the Supplier On Cancellation of Standard Invoice Standard Invoice generated for the Supplier Report Submission Report Parameters Operating Unit defaults from the one specified for the Re
469. p the Tolerance Percentages and Amounts Wherever a hold is placed on Invoices due to difference in Distributions Total and the Invoice Header then the system would check for the tolerance limits setup for Organization If the difference Amount falls within the specified limit then this inserts an Additional Invoice Distribution line for the Difference Amount and the Invoice is Approved This line would have the line type as Miscellaneous and the charge Account would be as specified in the Invoice Tolerance Setup for the Organization In cases where you are Re Approving the Invoices the system would check for the existence of an Distribution line for Rounding Amount If one exists then the amount of this line would be updated with the revised difference India Local Payables India Localization Setup Others Invoice Tolerance Field Description Operating Unit User can select the Operating Unit value from the LOV Enable Percent Tolerance Flag You need to enable this Flag if you want to allow Percentage based Tolerance limits This Percentage would be applied on the Header Amount On activating this flag you will have to specify the Upper Percentage Value and Lower Percentage Value Enable Amount Tolerance Flag You need to enable this Flag if you want to allow Amount based Tolerance Limits On activating this flag you will have to specify the Upper and Lower Value 3 56 Oracle Financials for India User Guide Important
470. p slab amounts If the user wants the TDS to be deducted based on the TDS Thresholds setup then the user need not attach any TDS Tax Code value here The value of the TDS Tax Code will be picked up from the TDS Thresholds setup for a specific Operating Unit Section Type DISPLAY Displays the Section Type under which Threshold setup has been made 3 20 Oracle Financials for India User Guide Field Description Type Action Description Section Code DISPLAY Displays the Section Code under which Threshold setup has been made Threshold Setup DISPLAY Displays the Threshold Name that Name has been setup for this Vendor Exception Setup DISPLAY Indicates whether this Threshold is an Exception setup or not e There can be scenarios wherein the Suppliers have applied for PAN but are yet to get the PAN Number value In those cases user has got the option to change the value of PAN Number for the suppliers User has to follow the steps mentioned below e Run the concurrent program India Pan number Update The Concurrent program takes the values for the following parameters Parameters Vendor Name Select the Vendor Name for which the user wants to modify the value of PAN Number Old PAN Number Select the value of Old PAN Number New PAN Number Enter the value of New PAN Number Debug Takes the values Yes No This should be used for any debugging purposes Expected TDS behavior The following is the behavi
471. pe organization or item date for a supplier invoice line reverse the line and create a new line in Oracle Payables For further information see Adjusting Project Information for Matched Invoices Oracle Projects User s Guide Restrictions to Supplier Costs Adjustments Adjustments to supplier costs in Oracle Projects must adhere to the specific business rules for supplier invoices and receipt accruals Supplier Invoices When Projects is integrated with Payables you cannot adjust supplier invoices either in Oracle Projects or in Oracle Payables if the invoice is e Cancelled When you cancel an invoice in Payables reversing distribution lines are created for each distribution line and the invoice amount is set to zero The invoice status is set to Cancelled and its distribution lines are posted to GL the next time the Transfer to General Ledger program is run in Payables When an invoice has a status of Cancelled it cannot be adjusted e Paid If any of the following conditions apply e The Payables setup option Allow Adjustments to Paid Invoices is disabled 8 8 Oracle Financials for India User Guide Oracle Payables provides a system level control to prevent users from adjusting paid invoices If you want to allow adjustments to paid invoices enable the Allow Adjustments to Paid Invoices setup option in the Payables Options window e You are using the Prorate Expense or Prorate Tax discount distribution method Oracle Paya
472. played Item in a line of original Invoice will be displayed here Description Displayed Description of an Item in a line of the original Invoice will be displayed here Quantity Displayed Number quantity of an Item in a line of the original Invoice will be displayed here UOM Displayed UOM of the above item will be displayed here Old Selling Price Displayed Existing selling price as appearing in the original Invoice will be displayed here New selling price Displayed New selling price as per the Revised Price List for an item will be displayed here Difference Amount Displayed Line Amount Difference on account of Price changes will only be displayed here 5 36 Oracle Financials for India User Guide Field Description Type Action Description Difference Excise Displayed Excise amount Difference on Amount account of Price Tax Assessable Price changes will only be displayed here Difference other Tax Displayed Taxes other than Excise amount Difference on account of Price Tax Assessable Price changes will only be displayed here Tax Details button User can view the Tax details for a Line by invoking the Tax Details button as well as modify the tax line amount and delete unwanted Tax lines Field Description Type Action Description Line No Displayed The respective Line No of the Tax screen will be displayed here Existing Tax Displayed The Existing Tax Code will be displayed here Exis
473. plies that the line is eligible for Claim Process but is not yet claimed 2 Not Claimable This status would indicate that the line is not be eligible for Claim 3 Partial Claimed Implies that the line is partially claimed 3 Full Claimed Indicates that the line has been completed processed Item Class Select an Item Class from the LOV Only those Receipt Lines with this Item Class specified here would be fetched Receipt Number Specify a specific Receipt Number here Only lines related to the Receipt would be returned VAT Manual Entry Manual Entry Transactions for VAT may be used for passing Adjustment entries both VAT Repository Accounting for VAT Recovery VAT Liability transactions done in the P2P and O2C Cycles VAT Recovery VAT Liability VAT Payment transactions can also be created directly using this window This functionality is provided as a means for handling exceptional scenarios in your business process that necessitate capturing of such transactions outside the normal transaction cycles On saving the transaction system will generate a transaction number If the Generate Invoice Number flag is checked system will generate the VAT Invoice number as well System also generates appropriate accounting entries VAT repository entries for the transactions You will use the following screen to do manual entries related to Service Tax India Local Inventory 1 41 Navigation India Local Purchasing VAT
474. port taxes to be entered on Payables Invoices directly Users should use Purchase Order or Receipt matched Payables Invoices for the transactions Supplier Invoice Adjustments in Payables You can perform supplier invoice adjustments in Oracle Payables at any stage in the process flow Adjusting project information for matched invoices If you have matched an invoice to a purchase order you cannot directly change any of the project information copied from the purchase order You may encounter cases in which you want to change the project information in particular you may want to change the expenditure item date that was copied from the purchase order because the expenditure item date on the purchase order was not maintained 8 6 Oracle Financials for India User Guide If you want to change the project information in this case there are two ways of making the change You can reverse the matching distribution line from the purchase order in the Distributions window in Oracle Payables change the purchase order project information in Oracle Purchasing and match the invoice to the purchase order again India Localization tax distributions for non recoverable tax derive the project information from the parent line distribution If you wish to make any changes in the project information for parent distribution please make sure that similar adjustment is carried out on the related India Localization tax distribution in order to achieve cor
475. ported India Local Receivables 5 87 Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings The Opening Balance for a Customer Multiple Currency wise will be sorted first and the Transaction for the period will be considered and the Closing Balance will be arrived in Multiple Currency GL Date GL Date for the transaction will be reported Order No Sales Order Number will be reported Trx Number Trx Number is meant for the respective Invoice Debit Memo Credit Memo Numbers Trx Date Transaction date will be reported Receipt Number Receipt Number will be reported Receipt Date Receipt Date will be reported Remarks Remarks in the respective transaction will be reported Account Code Respective account code of a transaction will be reported Description Account Code Description will be reported Currency Transaction currency will be reported Exchange Rate Payment Voucher Invoice No and Date will be reported Transaction Dr Amt Debit Amount in a foreign currency transaction will be reported Transaction Cr Amt Credit amount in a foreign currency transaction will be reported 5 88 Oracle Financials for India User Guide Functional Dr Amt Rupee equivalent for the Debit amount will be reported Functional Cr Amt Rupee equivalent for the Credit amount will be reported Debtors Trial Balance R
476. ported Vendor Code Vendor Code Number will be reported Currency The Transaction currency will be reported Entered Amount Closing Balance of a vendor in Foreign currency will be reported Rupee Amount Rupee equivalent of a vendor will be reported Total Total Vendor Balances in INR Total for the Vendor is shown in RS Order by Liability Account wise India Local Payables 3 65 India Statement of Account for Suppliers This statement of account of Creditors shows Invoice wise outstanding to a Vendor Report Submission Use the Submit Requests India Local Payable modules Only form and enter India Statement of Accounts for Suppliers in the Name field to submit the report Report Parameters Vendor Name Optional PICK If the User this Report for a specific Vendor then he need to enter Vendor Name here otherwise Statement of accounts for all the Vendors for a given period will be reported AS on Date Required PICK Up to a Specific Date Aging interval like 30 days or 15 days can be entered by the User Number of Interval Optional Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings AP Voucher No AP Voucher No will shown here Bill no Supplier Bill Number Bill date Supplier Bill No Vendor Name Vendor Name will be reported Amount Amount of the Bill Remarks Remarks will be sh
477. ption Certificate Excise Exemption Ref Display Excise Exemption Reference No only Number of CT2 CT3 and Exemption Certificate will displayed if an Order is against CT2 CT3 and Exemption Certificate India Local Order Management 4 47 Field Description Type Action Description Excise Exemption Display Date only Tax amount Display only Total amount Display only Item Name Display only Matching Items Only Display only Excise Invoice No Display only Line Level Line number Item Name Date of CT2 CT3 and Exemption Certificate will displayed if an Order is against CT2 CT3 and Exemption Certificate Total Tax for the Shipment will be displayed Total Amount Total Line Amount Total Tax Amount for the Shipment will be displayed You can use this field to query in all Orders with the Item entered here On executing this query the system would fetch all Shipments that have the specified item in the lines You can use this field in combination with Item Name field On executing a query with this field checked in combination with Item Name the system would fetch all shipments that contain this Item The lines would be restricted to the queried Item You can use this field query on all shipments On querying on the Excise Invoice No all shipments with this Excise Invoice Number would be retrieved Line Number of the Item displayed against the delivery will be displayed
478. quantity that is received after the due date Total qty The total quantity received before and after the due date Transaction Details push button will take you to the screen where individual receipt quantities along with date of receipt will be displayed Payable Excise The payable excise amount will be calculated and displayed The excise amount payable will depend upon the value of batch ingredients and OSP excise percentage mentioned in the Organization Additional Information Form Receivable Excise Displayed field The receivable excise amount will be calculated based on the payable excise expected quantity of the batch output and actual quantity received before due date If total quantity is received before the due date then receivable excise amount will be equal to the payable excise Other wise it will be proportionately calculated Processing Inter Organization Transfer Transactions Oracle Financials for India Inter Organization Transfer helps in transfer of material between Inventory Units Transfer of materials can be either from manufacturing to trading unit or vice versa Existing form of Inventory Transfer of Oracle Base Inventory has been added with two new buttons at the bottom of the screen to meet the Indian Tax Requirements Similar to the Internal Sales Order Cycle the user needs to define the Receiving Organization as the Internal Customer in the Sending Organization Item Category and Tax Category needs to be defined
479. quest Transaction Reports form and enter India RG23A Part II Report in the Name field to submit the report Report Parameters Organization Required Default PICK HELP 2 84 Oracle Financials for India User Guide Enter Organization you wish to take the RG Report for Location Required Default PICK HELP Enter a Location you wish to take the RG Report for Register Type Required Default PICK HELP Select the Register Type here Select A for Raw Material and C for Capital Goods Transaction From Date Required Default Enter the begin Date for the Report Transaction To Date Required Default Enter the end Date for the Report Report Headings Report headings provide you with general information about the contents of the report Oracle lists information as given in the report format of RG Registers Column Headings SI No Serial Number is dynamically generated when the reported is submitted Date Date of the Transaction seen in the Register Opening Balance Opening balance for Excise Duty Amount Opening Balance Edu Excise Opening balance for Education Cess Duty Amount Opening Balance Edu CVD Opening balance for CVD Education Cess ECC Code No of the Supplier This field displays the ECC Number of the Supplier Site from where the inputs are received Range amp Division Duty Credited Additional Duty Total Credit Available Derived as opening Balance cr_basic_ed cr_additional_ed cr_other_ed Debit
480. r Customs Additional Customs and TDS Type of Taxes since the respective tax dues needs to be paid to the respective Department Authorities For Example When the tax amount needs to be paid to the respective Tax Authorities instead to the Vendor then the user needs to enable this flag and in effect he can change the Vendor Name appearing in the tax lines and the tax liability will be booked the respective Tax Authority Account By enabling this option at the time of receipt user will be allowed to change the Vendor For example In the purchase order for freight is considered as III Party Tax and Vendor attached to the PO is ABC Transport Company On receipt if the goods were not transported through ABC Transport Company and were brought by TVS user will be able to change the Tax Vendor from ABC Transport Company to TVS 1 88 Oracle Financials for India User Guide Field Description Type Action Description Update Currency Optional CHECK BOX By enabling this flag the user can change the currency code from the document currency to the functional currency if both are different For Example Assuming a case where the PO is raised in Foreign Currency USD but the tax like Customs needs to be paid in functional currency INR By enabling this Update Currency Flag the document currency amount will be converted into functional currency amount for the calculation tax Update Transaction Optional CHECK BO
481. r India User Guide Field Description Type Action Description Form Number Form Numbers that are issued to the Supplier Supplier Site and Form Type that was earlier entered in system Issue Receipt Date Enter a Date which might match with the Receipt Form s Transaction Date View Forms Button Button which upon being clicked invokes the View Sales Tax form Details Screen Issue Receive Forms Button which upon being clicked invokes the Define Sales Tax form Details Screen Based on the query criteria the system fetches the Invoices to be matched This information would be displayed in Define Sales Tax Forms Details screen The find window serves the dual purpose of entry of new forms by querying of Transactions where form entry is pending and the purpose of querying already entered forms to check details This screen has Header and Detail sections Header Section This section allows you to create form detail like Fin year Form Number Form Amount Form Date and Transaction date These details can be entered for a combination of Customer Name Customer Site Form Type and Operating Unit The Customer Name Customer Site and Form Type are populated as the context information from the Query Find Screen Its mandatory to enter Fin Year Form Number Form Date and Transaction date fields before proceed to the detail section to select Invoices You may choose to key in the Form Amount and proceed to the detail sect
482. r India User Guide Return Type Effect in RG Registers and accounting Production Input Return Under 173L Scrapped FG Return Update Register for Quantity depending on Item Class Update RG 23 A part II information CENVAT Flag Is Checked and corresponding accounting are passed This Type need to be used by units who will be using the Sales Returns as their Raw Materials For e g Foundry Units where a casting is returned as defective due to air crack the defect cannot be cured but the defective casting can be recycled For this type of transactions the Organization needs to file declarations and get the consent acknowledgment from the Local Excise Authorities This Option is no Longer valid due to changes in Excise Laws No RG Register update will be made Excise Expenses account will be debited for Excise Amount No RG Register update will be made Excise Expenses account will be debited for Excise Amount Following are the Accounting entries passed based on the Return type RMA Receipts considered as Production Input CENVAT Credit For Excise and CVD Taxes Account Debit Credit CENVAT A c Excise Paid Payable Account Tax Amount Tax Amount RMA Receipts considered as Finished Goods Return Localization accounting entry for Excise Tax treatment India Local Order Management 4 39 Account Debit Credit Excise Expense a c Excise Amount Excise Paid Payable Acco
483. r as individual lines on the Project status inquiry form Non Recoverable Financials for India Taxes in Projects Costs Costs Interfaced from Receipt or Invoice would be sent in as separate lines for the Item cost and Non recoverable tax component to Projects 1 Enter Purchase Order with Project Related Information 2 Enter Receipt for the Purchase Order You can view taxes by clicking Taxes on the localization receipt form 3 Non recoverable taxes are indicated by way of the Recoverable Flag checkbox Further as the destination type of this receipt is EXPENSE even the Central Excise taxes are considered as non recoverable as per the India Localization functionality Central Excise type of taxes is considered as recoverable only for Capital goods when the destination type is EXPENSE All the receipts to destination type RECEIVING and INVENTORY are part of the Project Manufacturing transaction flow and not the Project Costing transaction flow 4 Run the PRC Interface Supplier Costs concurrent to import the actual costs from Oracle Purchasing or Oracle Payables module to in the Oracle Projects module 5 On querying for the receipt in expenditure inquiry you would see the item cost as a separate line and the total of all non recoverable financials for India tax amounts on the receipt as a separate line Note Project costs include Financials for India Non recoverable taxes interfaced from Supplier invoices matched to Purchase order
484. r each series A default series would be defined automatically for the regime This would be applicable to the Transaction Types to which no series has been defined Define Supplier Additional Information Before you start creating transactions for the Supplier it is required to record the localization related information for the Supplier Site You would enter the Supplier Registration details with the Excise Sales Tax and Income Tax Authorities You will also attach the Assessable Price list that should be considered for the calculation of Excise Duty amp VAT You would also define the Item Category list to default localization taxes You will have to make this setup for each Supplier Site India Local iSupplier 10 7 Processing iSupplier Transactions In the iSupplier Portal of the Supplier View you can view documents created by the Buyer Accept the Documents and also make request for change in Delivery Schedules Rate and Quantity etc isupplier View provides the following features e Reviewing Supplier Agreements and Releases Request for Quotations RFQ e Viewing Printing and Acknowledging Purchase Orders Submitting Change Order Requests e Entering ASN ASBN amp Viewing Shipments e Viewing Receipts and Returns e Viewing Invoices and Payments Request for Quotation RFQ You can view the Requests for Quotation RFQ in which your organization is included as a Supplier India Localization tax details indicative taxes can
485. r last level of Tax defaulting e Define precedence for calculation of Taxes to handle Tax on Tax Type of calculations including cumulative and compounded Tax calculations Define Adhoc Taxes The Taxes that do not directly depend on the transaction value can be defined as Adhoc Tax and appropriate value can be assigned during the transaction e Calculate Taxes in multiple currencies e Define Tax Recoverable information and the same will be used for Inventory Valuation e Track other costs incidental to the Purchase transaction The same will be used for valuation of the Item e Define Third Party Taxes Separate Invoices are generated for Third Party Taxes e Default Taxes on to documents that are created based on other documents e Define Tax Registration details of the Supplier which can be used for Statutory Reports e Carry forward taxes defaulted and added to a Purchase Order to Receipts e Carry forward taxes defaulted and added to a RMA to Receipts e Carry forward taxes defaulted and added to a Internal Sales Order to Receipts e Control modification of taxes defaulted on Purchase Receipts e Claim CENVAT during Receipt Else can claim it manually after Receipt e Allow corrections to quantities e Create Return to Vendor Transactions with respective Tax Implications e Receive unordered material 2 2 Oracle Financials for India User Guide Quote Analysis at the Landed Cost The quotations are analyzed based on t
486. r name in the Claim CENVAT on Receipts screen The Name and Registration details of this Vendor will be considered for updating Excise Registers Outside Processing Transactions The Outside Processing Feature of Oracle Financials for India provides the functionality of tracking the goods sent to a Sub Contractor for processing This feature provides you with reports that you can use to review the status of each Challan and track each issue You need to keep a manual track on overdue issues i e those pending for more than 180 days The duty on overdue issues has to be calculated manually and debited to the 2 6 Oracle Financials for India User Guide duty paying register through RG 23 Manual entry screen The Outside Processing functionality lets you satisfy all your needs on Tracking of goods sent for outside processing You can e Create OSP Challan based on the OSP Purchase Order approve the same e Create Manual OSP Challans in case of staggered material dispatches e Track Receipt of Processed Material e Authorize issues and Receipts e Generate reports to maintain private records of useful information By using the Localization features goods that need to be sent for Sub contracting can be tracked through a Challan Based on the parameters set up in the Additional Organization Information duty will be debited at the time of removal of goods and the same can be credited on receipt of the goods Hence there is no need to pay duty o
487. r the Location for which you wish to take the Unapproved OSP dispatches Report for Vendor Name Skip for all Optional PICK Oracle Financials for India prints the 57F3 forms for this Vendor only if you enter a value for this parameter Oracle Financials for India prints all the OSP items Unapproved starting with the date you enter for this parameter From Date optional Oracle Financials for India prints all the OSP items Unapproved starting with the Date you enter for this parameter To Date optional Oracle Financials for India prints all the OSP items Unapproved up to the Date you enter for this parameter Report Headings Report Headings provide you with general information about the contents of the report Oracle Financials for India prints Organization related information Report date and Sheet number on all pages along with report heading on all pages Column Headings Vendor Name Name of Vendor to whom the item was sent for further processing Work Order Number Work Order Number of WIP Operation Nature of Work Nature of OSP work to be performed on OSP Item 57F3 Form Date Date on which 57F3 form was created Item Name of Item sent out for further processing Item description 2 92 Oracle Financials for India User Guide Description of Item sent out for further processing Dispatch Quantity Quantity of items sent out for further processing Excise Duty Estimated Excise Duty based on Assessable
488. r the account code by PICK using accounting flex field on which the respective taxes will be charged and whenever a particular Tax is used in a transaction this respective General Ledger Account will be debited or credited In the Order to Cash Cycle this account will be used to account for the Tax transactions In Procure to Pay Cycle this account will be charged for the recoverable portion of the taxes specified for tax types other than Excise and Add Customs For example for a Sales Tax Type of tax you have defined tax as 10 and credit as 50 During delivery sales tax to the tune of 50 will be considered for Item Cost and the balance 50 of recoverable tax amount will hit this account It is suggested to have dedicated Tax Names for Procure to Pay Cycle and then you need to define the credit percentage 1 82 Oracle Financials for India User Guide Field Description Type Action Description Vendor Name Vendor Site Optional Requir ed Optional EDIT PICK EDIT PICK HELP HELP You can specify the Vendor Name here for a Tax Type other than Excise Basic Excise Additional Excise Special Customs Duty and Customs Duty Additional This is a required field in the case where Tax Type is Tax Deduction at Source In case of a TDS Type of Tax Vendors of type TDS Authorities will be displayed in the list for all other types of tax vendors of type other than TDS Aut
489. ransaction has been made will be displayed here Primary UOM assigned to the Organization item will be displayed here Quantity Received will be displayed here Name of the Organization will be displayed here Location of Receipt will be displayed here Financial year in which the receipt was created will be displayed here Register type will be either RG23A or RG23C Serial number of the entry in the amount register will be displayed here Creation date of the CENVAT Register Entry will be displayed here 2 62 Oracle Financials for India User Guide Field Description Description Date of the excise invoice will be displayed here Debit Credit Accounting Tab Transaction Date Creation Date Account Account Type Period Debit Credit GL Posting Status Sub Ledger Amount debited to the register through the transaction will be displayed here Amount credited to the register through the transaction will be displayed here Creation date of the Accounting Entry will be displayed here Number of the account in which the effect of the transaction is going will be displayed here This field displays the class of accounting entries Accounting period Amount Debited will be displayed here Amount Credited will be displayed here Displays the status of posting to GL Displays the status of posting to Ja_In_Rcv_Journals Date of the receipt transaction will be displayed here
490. rated Fin Year Required PICK The Financial year for which the report is being generated Quarter Optional PICK The Quarter of the Fiscal year for which the report is being generated India Local Receivables 5 107 Report Parameter Type Action Description Collection Code Required PICK The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under forest lease Timber obtained under any mode other than forest lease Any other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves Tax Rates Type Required PICK The Tax rate type for which the report is being generated i e Lower Rates Standard Rates or Exempt Rates 5 108 Oracle Financials for India User Guide Report Parameter Type Action Description Provisional Receipt Required PICK The Provisional Number Receipt Number in case the return has been filed earlier Person Responsible Required The Name of Person responsible which needs to be printed on the report Responsible Person Required The Designation of Designation Person responsible which needs to be printed on the report Responsible Person Required The Address of Address Person responsible which needs to be printed on the report Responsible Person Required The City of Person City responsible which needs
491. re is No change in the Transaction Lines window The only difference between Miscellaneous Issue Receipt RG Update and Miscellaneous Issue Receipt is that the respective Excise Inventory Registers are 1 96 Oracle Financials for India User Guide updated when the input material is issued from stores to the production or finished goods input material is received back into stores from production RG Register Entry This is a view entry form that can be used to view enter the Manual RG I Transaction RG I Register is the daily stock account for all excisable products It displays on query all the transactions that have an entry in the RG I Register Each Inventory Organization will be considered as an Excise Unit and the user need to specify the Organization Name and Location both for querying amp for making manual entries into the register Querying can be done based on certain fields on the Entry Block and also Transaction Details block In Oracle Financials for India navigate to Transactions gt RG Registers gt RG1 Register Entry The field wise description of RG I Register and its feature are given here for your ready reference The following fields are to be entered by the user for manual Entry Based on your requirement specify any one of the following fields to View Enter a Manual Entry in the Register Field Description Type Action Description Operating Unit Required EDIT Use needs to select the Operating
492. rect project cost Adjusting manually entered unposted invoices You can directly change any or all of the project information before an invoice is posted The Account Generator derives a new account number based on the new project information that you enter India Localization does not support taxes on manually entered payables invoices Adjusting manually entered posted invoices You cannot directly change any project information on a posted invoice You must reverse the distribution line and create a new distribution line with the new project information using the Distributions window in Oracle Payables India Localization does not support taxes on manually entered Payables invoices Interfacing Adjustment Lines to Oracle Projects If the original invoice distribution line that was reversed was not yet interfaced to Oracle Projects the Interface Supplier Invoices from Payables process does not interface the original or reversing items that are included on the same invoice to Oracle Projects These items are marked as net zero adjustment lines that are not to be interfaced to Oracle Projects The new line with the correct project information is interfaced to Oracle Projects India Localization tax distribution for non recoverable tax derives the project information from the parent line distribution If you wish to make any changes in the project information for parent distribution please make sure that similar adjustment is carried out
493. red in this field As per income tax act 100 of the allowable depreciation can be claimed for additions between Ist April to 30th September and only 50 of the allowable depreciation can be claimed for assets added between 1st of October and 31st of March These dates needs to be recorded in these fields As per Income Tax Act 100 of rate of Depreciation is applicable to assets fall in the first half year of a Financial year This field has been considered as a future enhancement mentioned here At present this field is irrelevant as per the current enactment applicable as per Income Tax Act and Zero can be entered by the user Opening WDV Balances Before rolling on with Oracle Assets with India Localization user needs to define the written down value of each block and the rate of depreciation that can be claimed against each block User also needs to specify the start date of the block for which the opening balance is recorded Prerequisites Before you enter the Opening WDV Balances you must India Local Fixed Assets 6 5 e Define Books e Define Asset Category e Define Quick Codes for Block of Assets In India Localization navigate to the Opening balance of Block India Location from India Local Fixed Assets gt Block of Asset India gt Define gt Block of asset Field Name Type Action Description Book Required Name of the Corporate Book wherein the Opening Balance for the Block of assets are
494. reen This is invoked by clicking on the View Forms option in Finds ST Form Detail window Field Description Type Action Description Define Sales Tax Form Header Block Matching Header Party Name Display only Party Site Display only Form Type Display only Fin Year Required Context Information carried over from Query Find Screen Context Information carried over from Query Find Screen Context Information carried over from Query Find Screen User defined Financial Year Value to be selected from list of values as defined in the Tax Year Setup 3 50 Oracle Financials for India User Guide Field Description Type Action Description Form Number Required Sales Tax Form Number to be defined by the user This needs to be unique for Form Type and Fin year combination Form Amount Required The form Amount needs to exactly match with the sum of all Invoice level detailed form amounts Form Date Required Should be a valid date in DD MON YYYY format Transaction Date Required Should be a valid date in DD MON YYYY format Match All Default Value N Requires a valid value for Fin Year Form Number Form Amount Form Date and Transaction Date when checked Matches the entire Invoice level records based on the form amount value When unchecked sets all detail level Invoice form amount to 0 Queried Form Display only Displays Total Form Amount that Amount can be matched across all unmat
495. rganization Generate Accounting Entries for VAT Credit at the time of Receiving in the Receiving Organization Account Other Type of Taxes at the time of Receiving in the Receiving Organization Update VAT Records at the time of Receiving in the Receiving Organization Claim VAT Credit at the time of Receiving in the Receiving Organization Update Item Cost at the time of Receiving in the Receiving Organization for nonrecoverable taxes Defaulting Taxes to IL Inter Organization Transfer For Items that attract Localization Taxes Tax Category will be defaulted on the IL Inter Organization form when an Inter Org Transfer is performed These taxes will be defaulted based on the Tax Defaulting Rules Taxed would be Defaulted automatically based on Item Category assigned to the Customer Customer Site Customer Null Site or based on the Item Class assigned to the Tax Category for the internal customer Manual Changes to Defaulted Taxes to IL Inter Organization Transfer Taxes defaulted during Inter Organization transfer can be modified manually in case of a need Tax Base Amount User can define precedence logic for calculation of Tax Base Amount on which the Tax Rate would be applied The Tax Base Amount can either be the line amount or line amount including other taxes calculated for the transaction India Local Inventory 1 61 e Defaulting Assessable Value to IL Inter Organization Transfer The user has an option to use Assessable
496. rganization Location will Location be displayed from the Organization Tax Information Important The Tax Calendar should be defined only at Organization level with null location This calendar will be defaulted for each location falling under the Organization The tax period in Localization is meant for setting up the Serial Numbers of Excise Registers and related Localization Reports Year Start Date End date Required The user needs to specify the year and the starting and ending date for that tax year You can define the next Tax Calendar year using the Open Next Year Button which triggers a concurrent process that sets the next year as the active year for which the taxes will be accounted While entering this Tax Calendar if you select the next Open period accidentally then the Active Flag gets enabled for the next year and it cannot be changed Defining Excise Invoice Generation To generate Excise Invoices with pre definable prefixes Alpha Numeric you need to complete Excise Invoice Generation Setup If this setup is not done system will generate only two series of Excise Invoices one for Domestic Clearances and the other for Export Clearances and no prefixes for the numbers generated can be maintained Prerequisites Before you enter the Excise Invoice Generation Organization Additional Information you must e Define Organizations e Define Locations e Organization Additional Information In Oracle Financials
497. rganization Additional Information Query for the Organization Location for which you wish to make the setup Switch to Accounts Info Tab Click on Tax Calendar and then on Excise Generation Follow the information in the table in completing the setup The following information can be entered by user to generate multiple Excise Invoice Serial numbers based Order Invoice Type Excise Register codes The field wise description for the screen is given below India Local Receivables 5 47 Field Description Type Action Description Transaction Type Required PICK HELP Choose one of the options from the LOV The options would be Order On selecting this option in combination with the Order Type the Excise Invoice number generated on shipping the delivery created with this Order Type would be based on the definition specified for this record Return To Vendor The document sequence defined here would be applicable to Excise Invoice Numbers generated for a Return to Vendor Transaction Domestic The document sequence defined here would be applicable to Excise Invoice Numbers generated for a Domestic Transaction This would be applicable to all the Order Invoice Types that are Define Bond Register chosen for the Organization and Location with the Register Type as Domestic with Excise AND This Order Type is not chosen in the India Local Excise creation screen for the Organization and Location
498. rganizations assigned to it Information defined here would be generic unless you assign different properties at an Organization Level In the Regime the user has to provide VAT Registration Number and Accounts associated with the Regime such as Liability and Interim Liability accounts for the Taxes and assign Organizations to it For further information see lt Define VAT Regime Oracle Inventory Chapter gt Define VAT Claim Terms VAT taxes applicable to a purchase of Capital Goods can be recovered over a period of time as specified under the VAT Act The VAT Claim terms enables users to define VAT Recovery Term These terms can be assigned to the VAT Item Classes For further information see lt Claim VAT under Define VAT regime in Oracle Inventory India Local Inventory 1 65 chapter gt Define VAT Generation Sequence VAT Invoice sequence can be defined for an Order Invoice Type The user can also specify prefixes for each series A default series would be defined automatically for the regime This would be applicable to the Transaction Types to which no series has been defined Define Customer Additional Information Before you start creating transactions for the Customer it would prerequisite to record the localization related information for the Customer Site You would enter the Customer Registration details with the Excise Sales Tax and Income Tax Authorities You will also attach the Assessable Price list that should be co
499. ried out for an item when you book a sales order or when you try to complete a Receivables Invoice with TCS Taxes you will get the error cannot find item classification for TCS regime and LocFGIN item of 2832 organization id India Local Inventory 1 55 e You cannot enter a TCS AR Invoice without using items ie using description or memo line In such cases item classification is not possible e Item classification is mandatory to meet the reporting requirements of TCS regime and hence the above restriction to use an item that is properly classified Defining Tax Codes New Tax code needs to be defined for tracking TCS Taxes You can identify a TCS tax by defining a Tax code using the following Tax types e Tax Collected at Source e TCS Cess e TCS Surcharge To define a Tax code access Tax code definition window from India Local Receivables gt Setup gt Tax gt Taxes Note You need to define a different Tax Code each for TCS Cess and TCS Surcharge Cess TCS Cess should not be used for TCS Surcharge Cess even though the Tax percentage is the same This is essential because a single transaction cannot have the same tax ID multiple times To carry out a transaction classified as TCS exempted transaction you must define a tax code with zero Tax Percent and the Original Tax Percent that would have been normally charged Similarly to carry out a transaction classified as Concessional TCS transaction you must define a t
500. rinran aitaa iaeoa eaaet secnaesdcesnate edge aa aaaea aia aiaiai 3 39 PLA Invoices Paymemtii niran enaa ara eaa a ia aaa aaa raa iaaa tat 3 45 Using Sales Tax Declaration Forms Issue Tracking ccccccccececeseeeceteeeeeeteeeeeeeenaeenees 3 46 India FA Mass Additions a a aE EE 3 55 Define Invoice Tolerance LiMitS sirarni aaa aai aa aiia 3 56 View Resubmit Delete Error Tax Lines esssnsneisrietssrsritiitistntintnstnisrnsrntnnrnsrnrnnrnennne 3 57 Reports iera a a aE e Ea ities EAA a A E ances 3 58 India Local Order Management Sales Order India Localized inerea Aes Sh a a a en ee ek a 4 1 Ship Confirm India Localized 0 00 cece rin a E EE A 4 5 Sales Order Returns India Localized ccccccccsececeseccececececececeeeeeeceeeeeeseseeeseeesauausesuausaaaaa 4 6 ARSA Form Receipt Tracking 0 cioiciccievat sens evnncenstessact seven aaa aa Ta a E aaia 4 7 COMCULTCTIES isis a a a a aa ulscodaabiteces aao 4 8 Setting Up India Local Order Management sssnsnssisnnetisrisrirtnistrsrinrinsrnsrnsrnnrnnsrnnennne 4 15 Managing Order Management Transactions ssnsssserssisrietiistnsinsrisrrnrinsrintnnsrnrennrnnenn ne 4 29 Reports innan a ee ie weal ee ei ada 4 55 5 India Local Receivables Transactions Localized Overview 00 cccccceec ee ee teeter eerste eseeeesneeseeeseeeseneeseneseeeeennees 5 1 Managing TCS Trasactlons 0 ciistisiec e aE a de a E E S 5 4 TCS Setl
501. ription Tax Types Required Description Parent Tax Type of Parent Tax Accounts Details block Sequence Required PICK HELP EDIT DISPLAY DISABLED DISABLED PICK HELP EDIT You should associate all the Tax Types falling under the VAT Regime and that are applicable to your business LOV containing Value Added Tax Turnover Tax Purchase Tax Entry Tax Octroi IND Displays the description of the Tax Type This field is not relevant for VAT Regime This field is not relevant for VAT Regime Accounts that are going to be used for accounting of Service Tax are specified here This is the Sequence Number of the Account to be captured India Local Inventory 1 29 Field Description Type Action Description Account Name Required PICK LOV contains HELP EDIT Interim Recovery Account Recovery Account Interim Liability Account Liability Account Please refer Accounting Section for detailed discussion on the accounts Account Value Required PICK Pick Accounting flex fields for each of the account HELP EDIT Click Organization to view the Regime Organization Registration screen This screen shows the organizations assigned to the regime Field Description Type Action Description Header Regime DISPLAY This field will default from Regime Registration form Description DISPLAY This field will default from Regime Registration form Organization Details All th
502. ription Type Action Description Header level Tax Category Required ENTER Enter a Unique name for Tax Category The Tax Category Name should be Suggestive so that the User should be able to identify the applicability of the Tax Category Description Required ENTER Enter meaningful description for the Tax Category you define This should describe the Tax Category Name in detail Item Class Code Optional If a Tax Category is associated to a particular Inventory item class then the respective Inventory class code can be entered here 1 90 Oracle Financials for India User Guide Field Description Type Action Description Item Class Line Level Line No Tax Name Optional Displayed only Required EDIT HELP PICK Optionally enter item class One Tax Category cannot be applied to more than one Item Class and vice versa The Tax Category defined with an Item class defaults at the transaction level based on the Item Class that has been associated to the transaction level Item Attribute Once an Item Class Predefined by Oracle Financials for India is associated to a Tax Category the same Item Class CANNOT BE associated to any other Tax category Based on this Item Class the Excise Register updation will be done for an item Auto generated line number will be displayed here This is the value used to define precedence Use this column to enter Tax Names from LOV You can a
503. rity Tax Authority Site Check Number Check Date Currency Code Amount Check Deposit Date Challan Number Bank Name EDIT PICK EDIT PICK DISPLAY DISPLAY DISPLAY DISPLAY EDIT EDIT EDIT PICK User needs to select the Tax Authority Name from the LOV User needs to select the Tax Authority Site Name from the LOV System will query the existing data System will query the existing data System will query the existing data System will query the existing data The Date on which the Check has been deposited into government treasury needs to be entered for TDS Payments being made amp printed on the TDS Certificates Returns User should enter the value of Challan issued by the Income Tax Department that has to be submitted along with the remittances of TDS Amounts This information is used in TDS Certificates issued to the Vendor and at time of Tax Returns Enter the value of Bank in which the TDS payment Challan is deposited TDS Certificate Generation You can generate TDS Certificate to be issued as per the Income Tax Act Based on the TDS Section and Tax Authority you should first generate the TDS Certificate One TDS Certificate can be issued for all the TDS deductions for a Vendor based on the transaction range or individual TDS Certificates can be generated for each TDS Deduction Navigation India Local Payables India Localization Others Generate TDS Certi
504. rocess Note You must note the following in case of an iProcurement Receipt e CENVAT and VAT Claim need to be done using the existing India Localization forms as per the existing IL processes e BOE application process needs to be done separately in the BOE application form available in IL Receipts after the receipt is created in the iProcurement Web process Advanced Shipping Notice and Advanced Shipping Billing Notice Oracle iProcurement supports Receiving based on ASN ASBN created from the iSupplier portal Navigate to India Local iProcurement gt Receive Items You can receive items referring the ASN ASBN Shipment Number created by the supplier in the supplier portal The shipment number is defaulted against the Order with a facility to view the ASN ASBN details If the ASBN is created using the India Localization iSupplier solution India Localization taxes can be assigned to the ASBN When receipt is created in iProcurement using such an ASBN number taxes attached to the ASBN are defaulted to the receipt instead of directly from the Purchase Order Note You should note the following in case of ASN ASBN receipts 9 10 Oracle Financials for India User Guide e The referred ASN ASBN should be in PROCESSED status in iSupplier To make a receipt of the ASN ASBN in India Local iProcurement you should run the RECEIVING TRANSACTION PROCESSOR concurrent in Forms e Taxes defaulted from the ASBN cannot be modified at the iPro
505. rocurement provides the functionality of receipt corrections On performing receipt corrections to receipts in the base iProcurement application corresponding modifications are made to the Cenvat or VAT or Tax costing entries as these taxes have already been processed in India Localization Setting up India Local iProcurement This section provides an overview and details of each step involved in completion of IL support to iProcurement Setup Define Organization Additional Information Identify and Define Inventory Organizations and Locations that would be procuring items or services using iProcurement The information defined at this level would be the basis for Recording Reporting and Accounting of the local taxes Apart from this you would also define the Organization Registration details with Excise Customs Sales Tax and TDS authorities This information available in Additional Organization Information is the basic data for all India Localization activities The Organization and Locations defined through Common Application would be available for setup While creating the Additional Organization Information it is mandatory to create two sets of records one at Null Location level and another with Location The master child relationship among the Organization and Location would be used only for consolidation of Excise Registers at Master Organization Level For further information see Defining Organization Additional Information page 1 4
506. rs Additional CVD Optional Optional Optional Optional Optional None Displayed EDIT PICK Displayed HELP This field is relevant in RG 23C for Capital Goods purchase Enter the verification date of the Capital Item This field is relevant in RG 23C for Capital Goods purchase Enter the Installation date of the Capital Item This field is relevant in RG 23C for Capital Goods purchase Enter the Commission date of the Capital Item This field is relevant in RG 23C for Capital Goods purchase Enter the Brand name of the Capital Item Enter Identification Number of the Capital Item Shows the amount of CENVAT credit taken on inputs of MODVAT credit account of Basic Additional and other Excise Duty on the items purchased amp received This field will display the amount of CENVAT credit utilized for the dispatch of final products Amount taken on Enter Additional CVD amount in this column India Local Inventory 1 103 Field Description Type Action Description Excise Cess CVD Displayed EDIT HELP Amount of Cess credit taken on Cess PICK account of Basic and CVD Duty on the items purchased amp received This field will display the amount of CENVAT credit utilized for the dispatch of final products Account Required EDIT HELP Enter the Account code to which PICK the credit taken on the inputs will be debited in the General Ledger and the sane account will be credited whe
507. rt in the Name field to submit the report Report Parameters Vendor Name Optional PICK If the User wants Creditor Ledger for a specific Vendor then he need to enter Vendor Name here otherwise Sub Ledger for all the Vendors for a given period will be reported Vendor Number Defaulted PICK Vendor Number of the above Vendor will be defaulted here Vendor Type Optional If the User wants Creditor Ledger for a specific Vendor Type then he need to enter Vendor Type in this field otherwise Sub Ledger for all the Vendors for a given period will be reported From Date Required To Date Required Vendor Site Optional PICK Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings GL Date GL Date for the transaction will be reported PO No India Local Payables 3 63 PO Number will be reported Organization Name Name of the Organization Location where in the transaction taken place will be reported Batch Number Batch Number for the transaction will be reported Invoice Type Invoice Type will be reported AP Invoice No Date AP Invoice Voucher No and Date will be reported Supplier Bill No Date Supplier Bill Number will be reported Payment voucher No Date Payment Voucher Invoice No and Date will be reported Check No and Date will be reported Description Description appearing in the Inv
508. s India Local Purchasing 2 7 Under Localization following additional steps or processes are involved e Go to 57F4 Dispatch approval Screen You are required to verify the details populated update the actual Items and quantities being dispatched and approve 57F4 Form for Dispatch This will generate Form Challan Number e 57F4 Forms are created on the basis of BOM components defined for the Item being sub contracted In case the issue of material to the sub contractor is in a staggered manner items or quantities Enter Manual 57F4 Form can be used for the subsequent material dispatches Each dispatch in the Manual 57F4 generates a separate Challan Number e Receive the Items against the PO 57F4 receipt quantity will get updated e On final Receipt of Material go to 57F4 Receipt Approval window and Approve the Receipt e Ifan OSP item is returned a fresh 57F4 will be generated and then steps 1 to 4 should be followed Under Localization following additional setups are required e In Organization parameters under Taxation Parameters alternative region enter Outside Processing Return Days and Outside Processing Excise Percentage you want to default in 57F4 Challan e While defining OSP Item the Excise and CENVAT flag should be set to YES Populating 57F4 details on moving material for Outside Processing In Oracle WIP when material is moved to queue of OSP operation an approved requisition is created in interface tables The
509. s India CENVAT Monthly Return This Report in accordance with the format specified under Rule 7 5 of CENVAT Credit Rules 2002 This Report along with India CENVAT Monthly Abstract Report gives you complete information as required under the rule This report can be submitted either for CENVAT credits availed on purchase of Raw India Local Purchasing 2 87 Material or on Capital Goods Report Submission Use the Request Transaction Reports form and enter India CENVAT Monthly return in the Name field to submit the report Report Parameters Organization Mandatory Required PICK HELP Oracle Financials for India displays the Default Organization default Enter A Organization you wish to take the RG Report for Location Required Default PICK HELP Oracle Financials for India displays the Default Location default Enter a Location you wish to take the RG Report for Register Type Required Default PICK HELP Select Register Type to print the report for Raw Materials or Capital Goods Transaction From Date Required Default Enter the Begin Date for the report Transaction To Date Required Default Enter the End Date for the report Report Details SI No Serial Number of the credit taken This will start with SI No 1 at the beginning of the financial year and jump by one for each transaction Type of Document System will default the Type of document that has been attached to the concerned Supplier Site
510. s 8 should be entered into this field 1 16 Oracle Financials for India User Guide Field Description Type Action Description Defining Register Preferences VAT Return Days Receipts Block Update Qty register Event Bill only workflow Block Default Location Required Negative balance in PLA This parameter decides the preference of hitting the duty payment register while performing a ship confirm transaction in Order Management or a Transaction Localized in the AR Module You are not permitted to debit duty from different duty paying registers for a single transaction Enter the number of days within which the sales return goods should reach the Inventory Organization from the date of delivery as per VAT act in each state This event lets you update the Quantity register on Receive and Amount register on claim of CENVAT Allow Tax Change on WMS Receipts Allow Tax Change on Receipts Allow Tax Change on ROI Receipts This is mainly required for bill only workflows for determining location If the balance available in each of the CENVAT Registers and PLA is less than Excise Duty liability arising from the ship confirms transaction then the Interface Trip Stop request completes with error and the shipment transaction remains incomplete In case of monthly Excise settlement you can ship the goods with inadequate CENVAT Credit India Local Inventory 1 17 To meet such situations y
511. s From Date Mandatory Low Value of Invoice Date to filter the Invoices To Date Mandatory High Value of Invoice Date to filter the Invoices India Local Receivables 5 53 Field Description Type Action Description Process for All Operating Units Customer Customer Site Enable Trace If you select Yes in this field then the program would process Invoices corresponding to all Operating Units defined in the system Else only those related to the Operating Unit determined from Profile would be processed This will be used to filter the data related to given Customer otherwise all Customer s related data is processed This will be used to filter the data related to given Customer site otherwise all Customer Site s related data is processed On selecting Yes in this field a Raw Trace File would be generated for this request It is a prerequisite to have Enable Trace checked for India ST Forms Issue Processing Concurrent Program India Program to Generate eTCS Quarterly Returns Use the Submit Requests from India Local Receivables and enter India Program to Generate eTCS Quarterly Returns in the Name field to submit the concurrent request Concurrent Parameters Field Description Type Action Description Legal Entity Required PICK The Legal Entity for which the report is being generated 5 54 Oracle Financials for India User Guide Field Description Type Act
512. s It provides instructions for running Rapid Install either to carry out a fresh installation of Oracle Applications Release 12 or as part of an upgrade from Release 11i to Release 12 The book also describes the steps needed to install the technology stack components only for the special situations where this is applicable Oracle Applications Upgrade Guide Release 11i to Release 12 This guide provides information for DBAs and Applications Specialists who are responsible for upgrading a Release 11i Oracle Applications system techstack and products to Release 12 In addition to information about applying the upgrade driver it outlines pre upgrade steps and post upgrade steps and provides descriptions of product specific functional changes and suggestions for verifying the upgrade and reducing downtime Oracle Applications Patching Procedures This guide describes how to patch the Oracle Applications file system and database using AutoPatch and how to use other patching related tools like AD Merge Patch OAM Patch Wizard and OAM Registered Flagged Files Describes patch types and structure and outlines some of the most commonly used patching procedures Part of Maintaining Oracle Applications a 3 book set that also includes Oracle Applications Maintenance Utilities and Oracle Applications Maintenance Procedures Oracle Applications Maintenance Utilities xi xii This guide describes how to run utilities such as AD Administratio
513. s Oracle Human Resource Management Systems User s Guide To enter Allow Negative Balance in PLA Organization Additional Information Details Navigate to India Local Inventory gt India Localization gt Organization gt Organization Additional Information Query for the Organization Location for which you wish to make the setup Switch to Accounts Info Tab Check the Ve Balance in PLA field gt Negative lt Excise Invoice Generation Organization Additional Information You may prefer to use a different Excise Invoice for a Transaction Source or a combination of Transaction Sources On completing this setup step you can generate Excise Invoice numbers in a sequence and with the alphanumeric prefix that you prefer You can skip this setup On doing this the system will generate only two series of Excise Invoices one for Domestic Clearances and another for Export Clearances These would be numeric values incremented by one and would be without any prefixes 5 46 Oracle Financials for India User Guide Prerequisites Before you enter the Organization Additional Information Details you must e Define Organizations e Define Locations e Organization Additional Information e Tax Calendar SeeAlso Creating an Organization Setting Up Site Locations Oracle Human Resource Management Systems User s Guide To enter Excise Invoice Generation Organization Additional Information Details Navigate to India Local Inventory O
514. s flows Encumbrance accounting is available for the following events in the P2P cycle e Requisitions External and Internal e Creation of Requisition encumbrance e Purchase Orders e Creation of PO Encumbrance e Relieving of Requisition encumbrance if PO is sourced from a requisition e Receipts if PO line has Accrue on Receipt flag checked e Relieving of PO Internal Requisition encumbrance e PO Internal Requisition Encumbrance relieving adjustments on Receipt corrections e POEncumbrance relieving adjustments on Returns e Invoice Validation e Creation of Invoice Encumbrance e Relieving of PO encumbrance if PO line has Accrue on Receipt flag unchecked Period End Accrual e Invoice Accounting e Relieving of Invoice encumbrance Funds Available Budget amount Encumbrance till date Actual utilization till date Transaction processing is allowed only on the basis of the Funds check control level set up i e Absolute No overspending allowed Advisory Raises warning on overspending or None Allows overspending Requisition Purchase Order Funds Checking Reserve Approval Modification Requisition Purchase Order Encumbrance actions such as Funds checking Reserve Approval Modifications and Control actions will include the attached IL Non 2 26 Oracle Financials for India User Guide Recoverable NR taxes also Currently no tax modification is allowed if the Requisition Purchas
515. s provided they are open and have an Assessable Price applicable are updated with the revised Tax Amounts India Service Tax Processing All Accounting events will be accounted when the Base transaction line is being accounted The India Service Tax Processing Concurrent program processes the recovery Accounting events This program must be scheduled at regular intervals At each run the program would create Accounting and Service Tax Repository entries for all eligible transactions This concurrent can be invoked through India Local Receivables gt Reports Request gt Single Request gt India gt Service Tax Processing Field Description Type Action Description Regime Required PICK Select the Regime you have defined for HELP Service Tax EDIT Tax Registration Required PICK Select the Registration Number Number here HELP Organizations are EDIT logically grouped by Tax Registration Numter On selecting a Registration Numter all eligible transactions created in the related group of Organizations would be processed 4 10 Oracle Financials for India User Guide Field Description Type Action Description Transaction From Required PICK Specify Transaction Date From Date here HELP EDIT Organization Name Required PICK Specify Inventory Organization here HELP EDIT India VAT Invoice Generation A new concurrent program India VAT Invoice Generation Accounting has been added to
516. s the proportionate amount of CENVAT Credit availed will get reversed in Excise Records The user can generate the Excise Invoice Number that needs to be issued for such removals Provision for defining user definable prefixes for the Excise document that is generated for RTV transactions is also provided System will put a hold to RTV transaction for a CENVAT able Item on which credit was not availed In such cases user needs to take credit and process RTV transaction from Return to Vendor India Form This check has been built for ensuring that payment of duty does not happen if credit is not availed 2 4 Oracle Financials for India User Guide The Excise Register updated on RTV transaction depends on Register preferences The credit in PLA will be updated when the PLA Preference is set to 1 Excise Invoice Number will be generated only when you select process action as Generate CENVAT on Additional Customs Duty CVD Paid Provision to allow users to claim CENVAT for the Additional Customs Duty paid if applicable While availing the CENVAT it will be restricted to the percentage specified for availing CENVAT at the tax level Also the appropriate Excise registers will be updated Non CENVAT Customs Duty For the taxes where CENVAT cannot be claimed or the percentage of Customs Duty for which the CENVAT is not available acquisition cost of the item will be increased to that effect CENVAT Accounting on CVD The pr
517. s through this form Transactions RG Registers View Register Balance After specifying the Operating Unit Inventory Organization Name Location and currency the user will get Excise Register balances in the Balances Block RG23A Part II balance represents the balance available on Account of credit availed on Inputs RG23 A CESS Amount represents the balance available on Account of credit availed on Inputs RG23C Part II balance represents the balance available on account of credits availed on capital goods RG23 C CESS Amount represents the balance available on Account of credit availed on capital goods PLA Register represents the balance available in PLA Register PLA CESS represents the cess balance available in PLA Register View Item Definition This view form has been designed to find the relevant Tax Information for an Item Item definition provides the Localization information for an item with respect to Tax applicability for an Inventory Organization Location By invoking the screen India Local Find Item Information we can find the Tax Information relating to Localization Items Item Definition India Local Inventory 1 107 Field Description Type Action Description Organization Scope Required EDIT HELP User can select Organization PICK scope which to enter Items definition The Quick pick for Organization scope are Single or Single with Master or All Organizations Organization Optionally EDIT HELP When t
518. s Report gives the Supplementary Invoices Credit Memos raised to be raised for the Original Invoice Report Submission Use the Submit Requests India Local AR modules Only form and enter India Supplementary Transactions Details Report in the Name field to submit the Report Report Parameters Customer Name Optional PICK If the User wants this Report for a specific Customer then he need to enter Customer Name here otherwise this report give details for all the Customers for a given period will be reported Customer Number Defaulted PICK Customer Number of the above Customer will be defaulted here Invoice Number Optional If the User wants to see Supplementary Transaction for a specific Invoice then he need to enter that here Process Date Optional For a Process date the user can take the Report Supplementary Invoice Type Optional Quick code are Supplementary Invoice Credit Memo Debit Memo Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings Sl No Serial Number of the Trial Balance will be reported 5 90 Oracle Financials for India User Guide Invoice Original Invoice will be reported Date Date of the Original Invoice will be reported Amount Amount of the Invoice will be reported Supplementary Invoice Type Type like Supplementary Invoice Credit Memo and Debit Memo wil
519. s are based on the setup definitions The Screen can be invoked through India Local Order Management gt Orders Returns gt Sales Order Localized gt Return Tab Line Level Details Field Description Type Action Description Line Delivery Detail id Item UOM Quantity Unit Price Assessable Value Line Amount Displayed Required Displayed Displayed Displayed Displayed Displayed Displayed The Line Number appearing in the Standard Apps Sales Order Form will be displayed here The Delivery Detail id against which this RMA Line is being entered Taxes from Shipment are supposed to be based on the delivery Detail id entered here The Item selected in the Standard Apps Sales Order Form for a line will be displayed here The UOM for the above Item appearing in the Standard Apps Sales Order Form in will be displayed here The Quantity entered in the Standard Apps Sales Order Form for a line in will be displayed here The Unit Price of the Item will be displayed here The Assessable Price as defined in the system for this Item will be displayed here Line Amount is the multiplication of Quantity and Unit Price for a Item appearing in a line India Local Order Management 4 37 Field Description Type Action Description Tax Amount Total Amount Excise Duty Rate Rate per Unit Recd Flag Allow Excise Tax Allow Sales Tax D
520. s are delivered and assigned to a purchase order distribution line See Overview of Receipts Oracle Purchasing User s Guide When a purchase order line is flagged to accrue on receipt and the purchased goods are delivered to an expense destination you can interface receipt accrual accounting entries from Oracle Purchasing to Oracle Projects as actual transactions This allows you to recognize the cost to your project in the period in which it is incurred rather than in the period in which it is invoiced For more information see Overview of Receipt Accounting Oracle Purchasing User s Guide and Interface Supplier Costs Oracle Projects Fundamentals India Localization taxes on receipts are derived from the Purchase Orders User has the ability to modify the defaulted taxes at the time of making the receipt You can add delete or modify taxes on the receipts Further user can modify amounts of adhoc taxes as well While interfacing costs from receipts to projects India Localization non recoverable taxes on receipts are also interfaced as actual cost transactions Note Since the receipt is made to an expense destination India Localization functionality considers recoverable Central Excise taxes other than taxes on Capital Goods as non recoverable Requisition Adjustments You can update project information on a requisition If the requisition is included ona purchase order before you update the project information the purchase order is
521. s for various TDS categories like Rent Technical Professional Services and Payments to Contractors Subcontractors etc Report Submission Use the Submit Requests India Local Payable Module Only form and enter India TDS at prescribed rate Report in the Name field to submit the report Report Parameters Organization TAN Number Required PICK Select the value from the LOV FIN Year Required PICK Select the value from the LOV Organization Optional PICK Select the value from the LOV TDS Payment type Required PICK Enter a TDS Payment type you wish to take the TDS at prescribed rate Report for Supplier Organization Type Required PICK Enter a Supplier Organization type Company or others you wish to take the TDS at prescribed rate Report for Period of Report Optional Report Headings 3 60 Oracle Financials for India User Guide Report headings provide you with general information about the contents of the report Oracle lists Organization information based on User parameter input Column Headings PAN Number of the Company PAN Number of Company for which TDS has been deducted Name of the Company Name of Company for which TDS has been deducted Address of the Company Address of Company for which TDS has been deducted Amount Credited or Paid Invoice Amount paid or credited whichever is earlier Date on which Amount Credited or Paid whichever is earlier Invoice Date on which Amount paid or credited
522. s this feature of claiming CENVAT at a later stage after the Receipt is provided 1 Receiving and CENVAT entries are not generated for Receipts with routing as Standard unless CENVAT Credit is claimed 2 64 Oracle Financials for India User Guide 2 Ensure that CENVAT is claimed before the Purchasing and Inventory periods are closed Navigate to India Local Purchasing gt India Localization gt Receipts gt Claim Modvat on Receipts gt Find Receipts India Localization This Query Find window provides following checkboxes e Last Years claim only e CGIN only e 50 Claim only This feature would help you in querying eligible Receipts for Claim CENVAT in a Batch Mode This feature would be of great use to claim remaining CENVAT on Capital Goods CGIN Items purchased during the Previous Year Following would be the behavior in each combination of options above e Combination A 1 2 3 If the user checks all the fields then all receipt lines pertaining to purchase of CGIN Items in the previous year would be fetched Only those CGIN purchases for which 50 of CENVAT has been claimed in the previous year would be fetched Combination B 1 All purchases made in the previous year for which CENVAT is available for claim would be fetched This would include both RMIN and CGIN Items Rather this is an exclusion of Receipt lines in the current year pending CENVAT Claim Combination C 2 All CGIN purchases with CENVAT attached n
523. s to print in all excise related documents Details of the jurisdictional office of the Central Excise Commissioner of the Organization can be entered in this block Values given in this field will be taken while printing all Excise related documents Use this field to enter Excise Control Code of an Inventory Organization Location This would be printed on all the documents that are required under Excise Rules 1 6 Oracle Financials for India User Guide Field Description Type Action Description Excise Invoice at ECC Code Export Oriented Unit Sales Tax Block CST Reg No LST Reg No Income Tax Block Optional Optional Optional Optional Optional Check this field in case you wish to generate Excise Invoice at Master Organization level In case you have multiple internal Inventory Organizations Warehouses existing within the same Excise registered premises and if you opt for Excise Invoice number generation at the Master Organization level then check this option child organization location Use this field to indicate whether the Organization Location is a Export Oriented Unit On checking this flag the CENVAT liability arising on shipment would be matched component wise with the credit available for that Excise Component You would not be able to complete shipment if the credit available for Excise Component is inadequate Use this field to enter Central Sales T
524. se within a fiscal year Date Placed in Service falls between Depreciation allowed April 1 to Sept 30 100 of prescribed rate Oct 1 to Mar 31 50 of prescribed rate The above information can be recorded in define period wise deprecation screen It may be noted that the information discussed under topic 7 2 1 and 7 2 2 are mandatory setups that needs to done for working out the depreciation under Income tax Act These setups do not have any impact on the set ups that needs to be done in the base applications as a part of Fixed asset setup User needs to complete the base application setup first and then carry out the localization setups India Local Fixed Assets Block of Asset India Define Periodwise Dep Details Field Name Type Action Description Financial Year Block Required Year start Year end The start and end date of the assessment year under Income Tax Act needs to be entered in this field 6 4 Oracle Financials for India User Guide Field Name Type Action Description Period Rate Block Start Date End date Required Applicable Required Depreciation Rate 100 Exempt Optional Amount The User can specify the appropriate Depreciation rate as applicable to a Block of Assets as per Income Tax Act based on assets installation date or date on which it is put into use within an assessment year The start and end dates for which the percentage of allowable depreciation can be ente
525. se Act Use this field to enter Excise Registration Number of this Supplier s Site This would be printed on all the documents that are required under Excise Act Use this field to review and enter Excise Zone under which this Supplier s Site falls This would be printed on all the documents that are required under Excise Act Use this field to review and enter Excise Region under which this Supplier s Site falls This would be printed on all the documents that are required under Excise Act India Local Purchasing 2 31 Field Description Type Action Description Excise Circle Excise Commissionerate Excise EC Code Document type Vendor type Sales Tax Block Optional Optional Optional Use this field to review and enter Excise Circle under which this Supplier s Site falls This would be printed on all the documents that are required under Excise Act Use this field to review and enter Excise Range under which this Supplier s Site falls This would be printed on all the documents that are required under Excise Act Use this field to review and enter Excise EC Code of this Supplier s Site This would be printed on all the documents that are required under Excise Act You need to specify the Document which will be supplied by the Supplier Site User can specify any duty document name like Invoice Delivery Challan Excise Invoice Excise Challan Dealer Invoice Bill of Entry
526. se Order can be created manually or automatically based on an existing Purchase Order or based on a Quotation or a Requisition Taxes on a Purchase Order are either created e Based on the Tax Category attached to the Item in the Item Category List attached to the Supplier e Based on the Tax Category attached to the Item in the Item Category List attached to the Supplier Site e Based on the Item Class attached to the Item which in turn is attached to a Tax Category e Tax Lines added manually e Tax attached to the Requisition Quotation that is used to auto create Purchase Order In all the cases you can modify the tax lines India Local Purchase Orders is a view form displays the details entered in the Purchase India Local Purchasing 2 41 Orders Standard Applications window which in tum is opened navigating through India Local Purchase Orders window The Tax details in this form are based on the India Local Tax Details Creating Purchase Orders In India Local Purchasing Responsibility navigate to Purchase Orders gt Purchase Orders Localized Field Description Type Action Description Header Block Operating Unit EDIT You have to select Operating Unit from the LOV PICK HELP PO Rev Display only The PO Number allotted in the Standard Apps form will be displayed here Type Display only The PO Type selected in the Standard Apps Form will be displayed here Currency Display only PO Currenc
527. se any products or services from a third party the relationship is directly between you and the third party Oracle is not responsible for a the quality of third party products or services or b fulfilling any of the terms of the agreement with the third party including delivery of products or services and warranty obligations related to purchased products or services Oracle is not responsible for any loss or damage of any sort that you may incur from dealing with any third party Oracle is a registered trademark of Oracle Corporation and or its affiliates Other names may be trademarks of their respective owners Contents Send Us Your Comments Preface 1 India Local Inventory Miscellaneous Transactions Overview 0 ccccccceesceeseseeceseceneeceeceeseneessaeeeeseaesseesneeaaes 1 2 Inventory amp WIP Transactions Overview 0 c cc cei eine tiene t eee tneeteeenetteeteeeeeeegs 1 2 Organization Information Setup 0 00c ccc eee reer eerste eens reese etneeseeesieetneeeeetaas 1 3 Defining Value Added Tax Regime 0 0 cccc ec ence ene tier eeee reese e see teeseeesneetnaeenaes 1 24 Defining TCS Regimes iirin aiat aaaea aaa iaaeaie ra eaaa aaia iiaa 1 46 Service Tax by Inventory Organization and Service Type ssnesnssrssrssirsrnsirsrinsrnsrnsnnees 1 58 Inter Organization Transfer nsi ii a a a a a e 1 60 Defining Item Information 00 ccc ee a A ei ei a eaa 1 66 Setting Up Tax
528. se defined for the Regime e Assigning Organizations Regime has to be assigned to all Organizations to which it is applicable Taxes defined under this Regime would default only for these Organizations Tax Information related to Value Added Tax Regime will be handled through a new screen called Regime Registration that was introduced through the Service Tax Solution The functionality of these forms has been enhanced so that Value Added Tax Regime can be setup through them To implement SHE Cess Solution Regime Registrations for Service Tax and Tax Collected at Source needs to be updated with the SHE Cess Tax Type Accounts To update Service Tax Regime access Regime Registration form from India Local Purchasing gt India Localization gt India VAT Service Tax gt Setup gt Regime Registration Note It is advisable to use different Accounts for Service SH Education Cess Tax Type Interim Recovery Account Recovery Account Interim Liability Account and Liability account Field Description Type Action Description Header Section In this section Regime Name description and effective dates of the Regime is captured India Local Inventory 1 25 Field Description Type Action Description Regime Required PICK The LOV contains 1 Service Tax 2 Value Added Tax You should pick Value Added Tax Description Required ENTER Short description of the Regime HELP EDIT Regime Registration Details block Regis
529. sed for Rs 430 30 Credit Memo may be raised for Rs 214 00 Case IV Change in Tax Rate but no Change in Price Invoice with original price for 100 Quantity of Prod A raised on March 20 1999 with Original Tax Rate and Revised Tax Rate has been put into use w e f from March 15th 1999 and the user needs to raise a Credit Memo Parameter With Original Tax Revised Tax Rate Credit Memo Rate Net sales 100x100 10000 00 10000 00 0 00 Add Taxes Tax code Excise 10 1000 00 12 1200 00 200 00 Tax code Sales tax 880 00 2 224 00 656 00 8 Tax code Octroi 356 40 5 571 20 214 80 3 Total 12236 40 11995 20 241 20 Credit Memo may be raised for Rs 656 00 Supplementary Invoice may be raised RS 414 80 Case V Change in Price and also change in Tax Rate Invoice with original price for 100 Quantity of Prod A raised on March 20 1999 with India Local Receivables 5 25 Original tax rate The Revised Price and Revised Tax Rate has been put into use w e f from March 15 1999 and the User need to raise the Supplementary Invoice Parameter With Original Tax Revised Price or Credit Memo Rate Tax Rate Net sales 100x100 10000 00 120 12000 00 2000 00 Add Taxes Tax code Excise 10 1000 00 12 1440 00 440 00 Tax code Sales tax 880 00 2 268 80 611 20 8 Tax code Octroi 356 40 5 685 44 329 04 3 Total 12236 40 14394 24 2157 84 Supplementary Invoice may be raised
530. sed in the applications and help them compare their real world business organization and processes to those used in the applications Oracle Financials Country Specific Installation Supplement This guide provides general country information such as responsibilities and report security groups as well as any post install steps required by some countries Oracle Financials for India Implementation Guide This guide provides information on how to implement Oracle Financials for India Use this guide to understand the implementation steps required for application use including how to set up taxes tax defaulting hierarchies set up different tax regimes organization and transactions Oracle Financials Glossary The glossary includes definitions of common terms that are shared by all Oracle Financials products In some cases there may be different definitions of the same term for different Financials products If you are unsure of the meaning of a term you see in an Oracle Financials guide please refer to the glossary for clarification You can find the glossary in the online help or in the Oracle Financials Implementation Guide Oracle General Ledger Implementation Guide xiii xiv This guide provides information on how to implement Oracle General Ledger Use this guide to understand the implementation steps required for application use including how to set up Accounting Flexfields Accounts and Calendars Oracle General Ledg
531. selected here from the LOV Any alpha numeric code that would be prefixed to the Excise Invoice Number You can specify the Start Number for a specific Excise Invoice Serials which are to be generated from a_ particular Inventory Organization Location for a specific Order Invoice Type You can decide chronological series for Excise Invoice Numbers by specifying Jump by Number The User can specify the End Number for a specific Excise Invoice Serials which are to be generated from a particular Inventory Organization Location for a specific Order Invoice Type amp Register Code e Before defining user prefixes and Excise Invoice Numbers appropriate setups need to be done in define Bond Register to associate an Order Type for all Transactions Order Management Module In addition Transaction source for all transactions from India Local Order Management 4 19 Accounts Receivable Module needs to be defined The Order Type and Transaction Source will be associated with different type of Excise removals like domestic with excise Bond Export with excise etc Only after associating an Order Type Transaction source with an excise related Transaction Type user should define the user definable prefixes and Excise Invoice Numbers in this region e Itis not mandatory for the user to define Excise Invoice Generation Serial Number If the User does not define the Excise Invoice Generation Screen then auto generated system numbers w
532. sessable Value that is different from the Sales Price while creating a Sales Order in the Order Management This Assessable Price can be defaulted based on the Tax Defaulting Rules The automatic defaulting is based on Price List assigned to the Customer Customer Site or null Site Important The Assessable Value is a display only field and cannot be edited by user on Sales Order It is only controlled through Price List setups and Price List attachments Manual Changes to Defaulted Taxes to India Local Sales Orders The Taxes defaulted can be changed manually if required e Tax Line can be deleted only when there is no dependent tax line e You must Apply and Save after deleting defaulted taxes and before attaching New Taxes Record Excise Exemptions You can choose the Exemption Type applicable to the Sales Order by selecting the Excise Exempted check box provided at the line level This changes the Excise Value of that line to zero Record VAT Exemptions You can choose the VAT Exemption Type applicable to the Sales Order To do this you need to select VAT Exemption Type Date and Ref No at Header This gets defaulted on all lines and changes the VAT value of all lines to zero If you require partial VAT Exemption viz on some lines only you need to deselect the VAT Exemption flag You can also have a different type of VAT Exemption at line level CENVAT Recovery against Excise Exemptions You can set up CENVAT Recovery in
533. solidation date will be displayed India Local Receivables 5 19 Field Description Type Action Description Desired closing balance Net Debit Remarks User remarks Authority Location TR6 Challan Number TR 6 Date Payment id User needs to input the desired values on completion of the transaction Debit from each register for the transaction will be displayed This field displays the remarks for set off entries User can enter the transaction text in this column Name and Site of the Excise Authority needs to be picked in this field User needs to record the TR6 Challan Number and date through PLA amount is being credited On saving the record a batch id will be created and the same will be displayed Important On completion of the transaction Debit Entries will be generated in the CENVAT Registers and corresponding Credit Entries will be generated in the PLA Register Apart from that PLA will be credited with the amount of PLA Invoice generated through the transaction Users need to ensure that payment towards this Credit is made on the same day For Creating a positive PLA Balance please use the PLA Invoice Supplementary Transactions Overview There would be instances in your business where the customer balances are affected by price and tax rate changes for a retrospective period For all such changes you can use the Supplementary Transactions feature of Oracle Financials for India Using
534. splayed here Excise Invoice Number of the Supplier entered in the Receipt lines will be displayed here Date of the above Excise Invoice of the Supplier will be displayed here Bill of Entry number for Import receipts will be displayed here Name of the Supplier will be displayed here Reports Field Description Type Action Description Supplier Address Displayed Supplier Address Pay Site will be displayed here Transaction Quantity Displayed Quantity in the transaction UOM will be displayed here Transaction UOM Displayed Transaction UOM will be displayed here Quantity Received Displayed Quantity transacted in Primary UOM will be displayed here Primary UOM Displayed Primary UOM of the transacted item will be displayed here Rate of Duty Displayed Rate of Duty will be displayed here Duty per Unit Displayed Excise Duty per unit for a particular receipt will be calculated and displayed here This is allowed to be changed for a receipt if the same has not been matched to any delivery Total Duty Amount Displayed Total Excise Duty amount for a receipt will be displayed here This will get recalculated if there is a change in Duty per Unit for an unmatched receipt Balance quantity Displayed Balance available quantity after a particular receipts will be displayed here Remarks Optional Enter Remarks regarding a transaction able can be entered here RG23D Register Report Trading Fun
535. sponsibility From Date Defaulted PICK Enter a Date here This date is compared against the Invoice Date of the Invoices for which Tax is Deducted at Source To Date Optional Enter a Date here This date is compared against the Invoice Date of the Invoices for which Tax is deducted at Source Report Headings Report headings displays name of the Report and the Period for which this Report is generated The Report Details Section has two parts One that shows the details of the Base Invoice for which TDS is calculated and the next which lists out all TDS Invoices related to the Base Invoice Column Headings Invoice Name This field displays the Type of Invoice and the Invoice for which this is generated Invoice Number This field displays the Invoice Number Invoice Amount This field displays the Invoice Amount Invoice Currency This field displays the currency applicable to the Invoice Vendor Name This field displays the Vendor Name Vendor Site This field displays the Vendor Name TDS Section This field displays the Income Tax Section under which TDS is calculated TDS Tax Name 3 68 Oracle Financials for India User Guide This field displays the Name of the TDS Tax TDS Tax Rate This field displays the Rate India VAT Returns Report India VAT Returns Report provides data related to sales and purchases which can be used to fill state specific VAT return forms Use the Submit Requests Other Reports
536. ssociate any number of Tax Names to a Tax category A Tax Name can be associated in any number of Tax Categories however you cannot use same Tax Name more than once in a Tax Category The Tax Rate applicable on transaction date will be applicable for that transaction India Local Inventory 1 91 Field Description Type Action Description Tax Precedence 1 10 Optional Precedence refers to the manner in which the tax will be applied The Tax Rate may be applied on the transaction base value or on another tax line or compounding them or combination of all The base amount or material sale value is by default given a precedence value of 0 The subsequent precedence are assigned to the Tax Names respective Line Numbers A maximum of five levels of precedence are permitted The Taxes included in Tax Category would default on a transaction line But you would also have a provision to add new tax lines manually Tax precedence for Additional CVD Tax Type should be set to the Tax on which it is calculated If a tax name is defined as adhoc or as Amount Per Unit of measure then the Precedence has no Relevance in tax computation of such tax however calculation of other taxes can be based on this tax A tax cannot be dependent on itself However interdependent taxes can be set up in precedence e g tax at line 1 can depend on tax at line 2 Similarly tax on line 2 can depend on tax at line 1 For e
537. st CENVAT Quantity and Duty Registers The above list varies depending on the stage of transaction at which it is corrected Mass Tax Update Mass Tax Update is a batch program that enables you to recalculate taxes applicable to the Open Documents You can use this program to process open documents of the selected Document Type The program uses the localization 3 way defaulting mechanism to derive the revised taxes that are applicable to a Document Optionally you can map the Tax Categories through request parameters to replace the existing tax lines with those defined in the New Tax Category As you process a record of all documents records considered for processing will be maintained Mass Tax Changes functionality enables you to address all your needs related to changes in Tax applicability and Tax Rates Using this functionality you can e Recalculate taxes whenever there is a change in the Tax Rates and Tax applicability e Process Documents selectively e Process only a particular Type of Documents e Recalculate taxes for partially processed documents optionally e Map Tax Categories This selects documents wherever tax category is applicable and replaces it with the new Tax Category e Manually added taxes can be overridden Recalculating Taxes Whenever there is change in Tax Rates or Tax applicability that applies to a particular type of documents or documents related to a particular Supplier you can define the New Taxes
538. stribution line Based on the project related information entered the account information will be automatically created by the Account Generator For further information see Overview of Purchase Orders Oracle Purchasing User s Guide India Localization taxes will default on the Purchase Order based on its 3 Way tax India Local Projects 8 3 defaulting mechanism Non recoverable taxes for project related distribution lines will be included in the commitment amount for the Project 4 Enter Releases Enter project related releases against blanket purchase agreements and planned purchase orders using the Enter Releases window in Oracle Purchasing Specify if the release distribution line is project related If it is project related you continue to enter project information for the line See Entering Release Headers Oracle Purchasing User s Guide India Localization taxes will default on the Blanket Purchase Agreement and Planned Purchase Order based on its 3 Way tax defaulting mechanism Non recoverable taxes for project related distribution lines will be included in the commitment amount for the Project 5 Recording Receipts and Delivery You can track receipt and delivery of goods for project related purchase orders using the Receipts window in Oracle Purchasing You can report the delivery of purchased goods in your commitment reporting Oracle Purchasing does not record the received goods as delivered for your project until the good
539. sue Type Optional PICK Select the destination of issue here If the destination of Issue is within the country then select Domestic Else it should be Export Generate Excise Optional Enter Check this field if Excise Invoice Invoice has to be generated for this transaction This will be applicable for issue transaction alone Item Required EDIT HELP The user needs to specify Item for PICK which the receipts issue entry is going to be passed Customer Vendor Optional Enter Enter Customer Vendor Name Name and make a Manual Entry in RG 23 Register Customer Vendor Optional Enter Enter Customer Vendor Location Location Transaction Detail This lock will have transaction Block details like Reference Number Packed Quantity Loose Quantity UOM and Registers RG23A or RG23C or PLA specific to the transaction Additional Details Union Budget 2000 2001 allows Block instant credit on capital goods on receipt to the tune of 50 and the procedure of taking credit only on installation is dispensed with These tables fields are maintained only for future requirements You can still use these fields to capture information amp the same would not have an impact of RG23 Reports Oracle Financials for India User Guide Field Description Type Action Description Verification Date Installation Date Commission Date Brand Name Identification Number Excise Amount Block Basic Additional Oth e
540. t Else you can leave the form amount to be automatically populated upon save based on the sum of all Invoice level Form Amounts On checking Match All field the system Automates matching based on the header form amount The Match all Checkbox is unchecked by default Un checking the checkbox causes the detailed Invoice level form amount to be set to Zero Queried Amount Queried Form Amount fields displays the total Form Amount that can be matched across all unmatched Invoices India Local Payables 3 49 This is a display only field and cannot be modified Detail Section This section displays unmatched Invoices in Issue Tab Page The records would be grouped based on the combination of Invoice and Purchase Order The sum of all invoices level Form Amounts entered is displayed at the bottom in the Total Form Amount display field e Itis mandatory that the sum of detail level Invoice Form Amounts match with header Form Amount This is applicable only when you enter the Form Amount e Incase of Invoices with negative tax target amounts the form amount entered should exactly be equal to that of the Tax target amount On saving the entered details the Header Block is refreshed and the Form details are set to blank Also the Detail block is refreshed and only unmatched and partially matched records are fetched The cursor returns to the header Issued Forms can be viewed through the View Sales Tax Form Detail Sc
541. t Class will be available in the LOV while entering receipts India Local Inventory 1 57 Defining Transaction Type To define the transaction type navigate to Oracle Receivables gt Setup gt Transactions gt Transaction Types Select Debit Memo as the Class and you must specify value for Terms field to enable import Creation Sign must be set to Negative Defining Transaction Source Define the transaction source in Oracle receivables by navigating to Oracle Receivables gt Setup gt Transactions gt Sources It is recommended that you define and use separate TCS Credit Debit notes to ensure that the same does not clash with other transactions and are easily tracked The TCS Debit Notes are generated when you enter an Advance Receipt It is also generated for the total Threshold amount when the TCS Threshold limit is exceeded Similarly a TCS Credit Note is generated when an advance receipt is applied to a transaction having TCS or such receipt is cancelled or reversed A TCS Credit Note also gets generated when the TCS Threshold limit which was exceeded earlier is decreased due to either reversal or incompletion of invoices You must run the AutoInvoice program to get the TCS Debit or Credit Note reflected in Receivables Attaching Receipt Class You must have a Receipt Class attached for TCS Regime This enables attaching TCS tax category to the receipt using the Zoom feature This is used to deduct TCS Taxes against Advance Rece
542. t DFF e Additionally a feature is made available at ASBN level in the ASBN Shipment lines page to view the India Localization taxes defaulted from Purchase Order add modify and delete the first party taxes taxes pertaining to the Supplier by the India Local iSupplier 10 3 Supplier User On submitting the ASBN these taxes are automatically defaulted to the Receipts and Invoices created from the ASBN No further modification is allowed to these taxes at the Receipt or Invoice level Third Party taxes mentioned in the PO if any shall be defaulted to the ASBN in a view only mode View Cancel ASN ASBN page e India Localization Excise Invoice details are available for viewing when Supplier user is viewing an ASN or ASBN Tax details are displayed while viewing an ASBN e India Localization taxes are cancelled when an ASN or ASBN is cancelled However the taxes can still be viewed in a read only mode for cancelled ASBNs though these taxes shall not be available for any receipts invoices created for the Purchase Order Receipts Receipts and Returns can be viewed from iSupplier The Supplier user will be able to see India taxes to be part of the Receipt while viewing the receipts India Localization tax amount and details are displayed in the Receipt details page that opens on drilling down from the Receipt Number In the form based India Localization receipt functionality tax defaulting is provided on the receipts created
543. t Rules the manufacturer is permitted only to take 50 of the duty paid on capital goods at the time of receipt and the balance can be availed in the succeeding financial year The amount that needs to be claimed later will be debited in this account 1 14 Oracle Financials for India User Guide Field Description Type Action Description SHE Cess Rounding Required CHECKBOX Specify an account that would be used in accounting the rounding differences arising from the SHE Cess on Purchasing transactions This account would be debited when the SHE Cess rounding amount for the Excise Invoice is a negative amount Similarly this account would be credited when the Secondary and Higher Education Cess rounding amount for the Excise Invoice is a positive amount Expense Excise Taxes Debit this field with different duties on RTV to be paid in an RTV Transaction You should have also checked the RTV Account Flag checkbox in this window This account is also debited with third party customs and CVD tax amounts included in the RTV transaction Defining Organization Preferences Organization Preferences check whether a specific transaction is carried out within the stipulated time span specified by relevant tax laws You can enter the data to control the transaction from the respective tax point of view Field Description Type Action Description Parameters Block OSP Return days Optional Enter the number of days within
544. t is mandatory to have Ship to Address for a Invoice to appear as a Transaction in this report The Customer should have setup of Customer Additional Information at site level The Invoice Created should have Sales Tax CST or VAT type of Tax If such type of tax is not chargeable a Tax with 0 needs to be attached to the transaction for the same to appear in this report India Debtors Ledger Report Use this Report to get Debtor Ledger with complete details of Invoices Debit Memos amp Receipts Report Submission Use the Other Reports India Local Receivable module Only form and enter India Debtors Ledger Report in the Name field to submit the report Report Parameters Customer Name Optional PICK If the User wants Debtor Ledger for a specific Customer then he need to enter Customer Name here otherwise Ledger for all the Customers for a given period will be reported Customer Number Defaulted PICK Customer Number of the above Customer will be defaulted here Customer Type Optional If the User wants Debtor Ledger for a specific Customer Type then he need to enter Customer Type in this field otherwise Ledger for all the Customers for a given period will be reported Start Date Required End Date Required Org ID Optional PICK If the User wants Debtor Ledger for a specific Inventory Organization then he needs to enter Org ID in this field otherwise Ledger for all the Organizations for a given period will be re
545. t the contents of the report Oracle lists information as given in the report format of RG Registers Column Headings SINo Serial Number of the Register for the Organization and Location selected Date Date of the Transaction seen in the Register Description of Inputs received India Local Purchasing 2 83 Item Description for the Transaction will be seen in the Register Quantity Received Quantity Received for the Transaction will be seen in the Register Bill of Entry No amp Date Fields Receipt Number and Receipt Date are concatenated and printed Name amp address of manufacturer PO Vendor s Name and Address Range and Division Taken from the master data for the particular Vendor Issued for use in Chit no and date Blank Issued for use in quantity Issues for Clearance AR 1 GP 1 No amp Date Issues for Clearance Quantity Sales Invoice quantity Otherwise Document Id and Date Otherwise Quantity Balance Quantity Derived as sum Received quantity Goods issue quantity sales invoice quantity oth document quantity Officer s Initials Blank Remarks India RG23 Part II Report This Report provides you with the information that would be required to meet the Duty Register requirements specified under the CENVAT Credit Rules 2004 This report can be submitted both for Raw Material and Capital Goods You can also generate the report for a given date range Report Submission Use the Re
546. t this radio button the Tax Category will be assigned to all the context values in the lines section where the tax category is empty This will not override the current tax categories for any of the context values If you select this radio button the Tax Category will be assigned to all the context values in the lines section This will override the current tax categories for any of the context values Event Type Project Expenditure Type Customer Site Pick the appropriate context name for which you want to assign a tax category 8 12 Oracle Financials for India User Guide Field Description Description Context Value Customer Site Tax Category LOV contains values based on the context name selected For e g If the Event Type context name is selected then all the event types as per Oracle Project Billing setup will be displayed here Pick the appropriate Context Value for which you want to assign a tax category LOV contains customer site for the customer selected as the Context Value This LOV is available only if Context Name is Customer Site LOV contains the tax categories defined Pick the appropriate tax category you wish to use as the default tax category for the selected Context Value Enter events or expenditures and distribute costs in Oracle Projects For related information see Expenditures Oracle Project Costing User Guide Generate draft revenue Generate draft revenue wherever
547. tary Invoice Credit Memo and Debit Memo This represents Batch Id for which the Supplementary Transactions are processed The User can view the calculated Supplementary Invoices and Credit Memos through this screen and generate Supplementary Invoice and Credit Memos In Oracle Financials for India navigate to the India Local Supplementary Transaction from India Local Receivables gt Transactions gt Supplementary Transaction gt Generate DR CR Memos Invoices The following facilities are available in this screen for the user e View Line details and Tax details for a particular transaction India Local Receivables 5 31 e View details for Existing Invoice as well Revised Invoice Amount e The user can modify Tax line only in the following manner by e Deleting a particular tax line to be excluded from being charged for a specific case e Updating the tax amount by inserting a calculated figure in the Tax Amount column The User can select all the transaction or an individual transaction for which Supplementary Invoice Credit Memo will be raised In addition the user can consolidate two or more transaction and raise a single Supplementary Invoice Credit Memo After the user confirms a Supplementary Transaction that transaction can be exported to AR transactions form Field Description Type Action Description Supplementary transaction block Raise Invoice Required CHECK Supplementary Displa
548. tching this field will show the matched quantity UOM Displayed UOM of an item will be displayed here Line level Transaction Type Displayed Transaction type like Receipts and Return will be displayed here Supplier Invoice No Displayed Supplier Invoice Number for a 7 10 Oracle Financials for India User Guide particular receipt will be displayed here Field Description Type Action Description Quantity in Receipt UOM UOM Displayed UOM of the item in the Receipt line will be displayed here Received Displayed Quantity received in a particular Receipt will be displayed here Available Displayed Available Quantity in a particular Receipt will be displayed here Apply This represents the proposed match quantity This will be filled by the system for a Release Quantity if the User selected Automatic Matching The User can manually enter number of quantity also here for matching Quantity in Issue UOM UOM Displayed UOM of the item in the Issue line will be displayed here Available Displayed Available Quantity in a particular Issue will be displayed here this is equivalent to Available receipt quantity Apply Displayed This represents the match quantity Receipt Number Displayed Receipt Number will be displayed here Receipt Date Displayed Receipt Date will be displayed here BOE Number Displayed BOE Number will be displayed here in the case of Imported Receipt Trading Fun
549. te TDS Threshold is calculated as follows Total Invoice Amount 3 24 Oracle Financials for India User Guide Invoice Cancel Amount Invoice Apply Amount Invoice Unapply Amount Tax paid till date is considered for the purpose of deducting tax on invoices after reaching the threshold Following illustration will give more details Case details Threshold limits are as follows Single Invoice Rs 20 000 Aggregate of all Invoices Rs 50 000 TDS Rate 2 Tax will be deducted as following Invoice No Invoice 1 Invoice 2 Invoice 3 TDS on At invoice amount No Sr No Case 1 17 000 17 000 17 000 All 3 Case 2 17 000 21 000 12 000 2 All 2 3 Case 3 17 000 21 000 11 000 2 2 Case 4 17 000 17 000 20 000 All 3 In case of Case 2 TDS will be first deducted on Invoice 2 on Rs 21 000 2 i e Rs 420 will be deducted Later at Invoice 3 TDS would be deducted on full Rs 50 000 2 i e Rs 1 000 but in this case Rs 420 is already deducted Now TDS of Rs 580 will be deducted Rs 420 is considered as Tax Paid Till Date e These adjustments upward downward revision of TDS Threshold and tax paid amount will not have any effect on the existing TDS transactions that are created e Modifications to thresholds once made cannot be reverted TDS Transaction Details Screen field wise description India Local Payables 3 25 Field Description Type Action Description Threshold Details for block
550. ted Organization Location and Financial Year This would be restricted based on the value selected in the Vendor Name field Form Number The LOV for this field would display the Form Numbers created for the selected Organization Location and Financial Year This would be restricted to Unapproved 57F4 Receipts This would be restricted based on the value selected in the Vendor Name field Print Control 57F4 Form PO Number This field would display the Purchase Order Number based on which the Form Number has been generated Form Number This field would display the 57F4 Form Number Vendor Name This field would display the Supplier Name for which the Form has been generated Original 2 20 Oracle Financials for India User Guide The Check box would be enabled when the 57F4 is dispatched Once the Challan is printed the check would be removed However the user can check this to Print a Original Challan This field cannot be checked if the Duplicate field is checked Duplicate The Check box can be enabled only on user intervention Once the Challan is printed the check would be removed However the user can check this to Print a Duplicate Challan This field cannot be checked if the Original field is checked Reports System generates following Reports for Oracle Financials for India Outside Processing Transaction e OSP Pending Dispatch Report Lists Unapproved 57F4 dispatches made in an Organization loca
551. ted and does not include the sales tax amount Viz the amount will be net of sales tax amount and not the Invoice value On saving the entered details the Header Block is refreshed and the Form details are set to blank Also the Detail block is refreshed and only unmatched and partially matched records are fetched The cursor returns to the header Issued Forms can be viewed through the View Sales Tax Form Detail Screen The field wise description for the screen View Sales Tax Form Detail to receive the ST Forms is given below Field Type Action Description Description Define Sales Tax Form Header Block Matching Header 5 76 Oracle Financials for India User Guide Field Type Action Description Description Party Name Display only Context Information carried over from Query Find Screen Party Site Display only Context Information carried over from Query Find Screen Form Type Display only Context Information carried over from Query Find Screen Fin Year Required User defined Fin Year Value to be selected from list of values as defined in the Tax Year Setup Form Number Required Sales Tax Form Number to be defined by the user This needs to be unique for a Party Name Party Site Org ID Form Type Party Type and Fin year combination Form Amount The form Amount needs to exactly match with the sum of all Invoice level detailed form amounts Form Date Required Should be a valid date in DD MON
552. ted to AR localization tables This program is encapsulated as a stored procedure and takes the Start Date End Date and Invoice number as the parameter This parameter shows a list of all Invoice numbers where Excise Invoice number is generated in shipment but is not present in the AR tables The concurrent program can be invoked by submitting a single request from the Other Reports request group in India Local Receivables Responsibility You can also schedule this concurrent request in case these issues are frequent in your instance India ST Forms Receipt Processing Submitting India ST Forms Receipt Processing concurrent program would generate Invoice details required for Receiving Sales Tax Forms This concurrent program is available in India Local Receivables Responsibility This request would check for all Invoices that have Sales Tax with concessional Form applicability Only validated Invoices would be considered for processing The Invoice would be considered for Processing only if it was not processed earlier Processed Invoices would be considered conditionally based on the changes to the document This concurrent is for processing data and does not result in any printable output You can submit this request from India Local Receivables Reports Other Reports India ST Forms Receipt processing Field Description Type Action Description Operating Unit Display Value determined from the Profile Only value
553. ter displays the Customers with transactions This field is enabled only if Sales Type of document is chosen in the Document Type field India Local Purchasing 2 49 Customer Site The User can choose Customer Site Id from the LOV The LOV is restricted to the value chosen in the Customer field Old Tax Category The User can choose Tax Category from the LOV The Transaction lines with this Tax Category is considered for processing This Tax Category will be replaced with the value chosen in the New Tax Category parameter and the Taxes will be recalculated accordingly New Tax Category The User can choose Tax Category from the LOV The Tax Category on the Transaction lines chosen for processing will be replaced with the value chosen in this field and the Taxes will be recalculated accordingly Document No Enter a Transaction Number of the document type of the transaction that you would restrict the processing to Blanket Release No Enter the Release Number to be processed Document Line No Enter the corresponding Document Line Number to be processed Shipment No Enter the corresponding Shipment Line Number to be processed Override Manual Taxes On selecting Yes in this field you would be restricting the processing to documents that do not have Manual Tax Lines Else all selected documents would be processed and any Manual Lines on these document would be deleted and new tax lines that would be defaulted for the tra
554. the context name This preference number will determine the hierarchy of tax defaulting to be used 8 10 Oracle Financials for India User Guide Field Description Description Preferences Header Section Contexts Tab Enter Preference number You can enter any unique number for a combination of Distribution Rule and Context Name This preference number will determine the tax defaulting hierarchy For instance consider the following setup Event Type 1 Project 2 Expenditure Type 3 Customer Site 4 Tax Category defined in the Context Tab Region of the form for the Event Type in the invoice will take highest precedence for tax defaulting If the tax category is not setup for Event Type then the tax category at the Project level will be defaulted in the invoice Use this tab region to define the tax categories to be used for each of these context names Event Type Project Expenditure Type Customer Site India Local Projects 8 11 Field Description Description Context Name Event Type Project Expenditure Type Customer Site Default Context Name Tax Category Default Tax Category All Override All Tax Categories Lines Section Context Name You can enter the above context names and query all the context values in the lines section Use this Default button to query the default context name LoV contains all the defined tax categories If you selec
555. the Manual 57F4 referred through a Purchase Order then the PO Supplier Name will be defaulted here otherwise the user need to enter the Supplier Name This field will have default value from Organization Parameters This will be the cutoff date for Receiving back the OSP materials from the delivery date from the Vendor India Local Purchasing 2 15 Field Description Type Action Description Dispatch Register Required ENTER The users need to select the Excise Register to be used for this OSP transaction from the LOV Entry Number Display only On approval of dispatch entry in the selected register and Entry Number is generated and displayed here Receipt Register Display only This will always be RG23 A Part II as per the legal requirement Entry Number Display only On approval of Receipt Entry is made in RG 23 A Part II and Entry Number is generated Line level Display Required Job Name ENTER Job Name associated in the PO will be defaulted here if the user enter Manual 57F4 with PO reference otherwise the user need to select the respective Job Name from the LOV Assembly Display only Assembly for the above Job Name will be displayed here Description Display only Description for the above Job Name will be displayed here Item Required ENTER The user needs to select the Inventory Item from the LOV Description Display only Description of the above 2 16 Oracle Financials for India User Guide
556. the Organization Additional Information Screen in CENVAT Recovery field using India Local Inventory Responsibility which will ensure CENVAT Recovery under Rule 6 of The CENVAT Credit Rules 2002 for the above Excise Exempted Transactions Splitting of Sales Order Lines Any Splitting lines in the base Sales Order also split lines in India Local Sales Order The Tax lines are then recalculated based on the revised line quantity Changes in Sales Order Lines Changes made to Quantity in Base Sales Orders are automatically reflected in the Sales Order India Localization Lines deleted from base order also get deleted from India Local Sales Order India Local Order Management 4 3 Cancellation in Sales Order Lines A line cancelled in the base Sales Order changes the Quantity in Localization screen to zero Copying of Sales Orders A Sales Order created by navigating through India Local Sales Order screen can be copied using the Copy Order feature This will result in taxes flowing to Localization for the copied Order While coping Order if there is any change in the Assessable Price with respect to source Order line then it results in recalculation of the taxes Important Copy Sales Order feature can be used to create a RMA Order An RMA Order taxes is based on shipping taxes and hence to avoid data inconsistency issues in localization tables Copying of Sales Order is not possible unless such Order is already shipped amp data is avai
557. this feature you can identify the source documents affected by these changes calculate the amount for which an Invoice or a Credit Memo has to be raised and automate creation of such Invoice or Credit Memos 5 20 Oracle Financials for India User Guide The Supplementary Transactions feature of Oracle Financials for India helps you in tracking and accounting the price and tax changes You can Major Features Identify the transaction for which Supplementary Invoice or Credit Memos are to be raised on account of Price Tax Assessable Price changes Verify the calculation and the method followed to arrive the amount for which Supplementary Invoice or Credit Memo will be raised Have an Option to raise not to raise a Supplementary Invoice or Credit Memos Have an Option to raise manual Supplementary Invoice or Credit Memo Track Price and Tax Changes You can use the Mapping screen to track the previous Price List and Tax Codes You can initiate the program to identify the transactions for which the Supplementary Invoice or Credit Memo can be raised You can generate a report to list such transactions Raise Supplementary Invoice Credit Memo You have the option to raise a Supplementary Invoice for the identified transactions The option of not raising the Invoices would be useful in scenarios where you would not be raising Supplementary Invoice for some customer transactions You also have an option of creating Manual Invoices and Cr
558. this category All transactions to the Bonded Sub Inventory with this item class will have an impact on the records reports generated for CENVAT credit on capital goods RG 23 C registers will be affected All capital goods as per excise definition used in or in relation to the manufacture needs to be classified under this category All transactions to the Bonded Sub Inventory with this item class will have an impact on the records reports generated for CENVAT credit on capital goods RG 23 C registers will be affected All intermediate goods need to be grouped under this category Based on the transaction records will get generated in the RG 1 register CENVAT registers All intermediate goods need to be grouped under this category Based on the transaction records will get generated in the RG 1 register CENVAT registers All finished goods manufactured needs to be grouped under this category Goods attached to this category will be posted to RG 1 register at the time of shipment production 1 74 Oracle Financials for India User Guide Item class code Impact FGEX OTIN OTEX All finished goods manufactured needs to be grouped under this category Goods attached to this category will be posted to RG 1 register at the time of shipment production Items falling under this category will not be considered for any excise related transactions even though the transactions are from bonded Sub Inventory Items fa
559. ting Tax Type Displayed The Existing Tax type will be displayed here Existing Tax Rate Displayed The Existing Tax rate will be displayed here Qty Rate Displayed In the case UOM type of tax Tax Rate per UOM will be displayed here UOM Displayed UOM for a Existing Tax will be displayed here New Tax Displayed The Revised new Tax Code will be displayed here New Tax Type Displayed India Local Receivables 5 37 The Revised Tax type will be displayed here Field Description Type Action Description New Tax Rate Displayed The Revised Tax rate will be displayed here New Qty Rate Displayed In the case UOM type of tax Revised Tax Rate per UOM will be displayed here New UOM Displayed UOM for a Revised Tax will be displayed here Existing Tax Amount Displayed Existing Tax amount as per the Original Invoice tax lines will be displayed here New Tax Amount Displayed Revised Tax amount as per the Revised Invoice tax line will be displayed here Difference Amount Displayed Editabl Difference amount in the Tax e lines will be displayed here You can modify the Tax line only in the following manner e Delete a particular tax line which you do want to charge for a specific case or e Update the tax amount by inserting a calculated figure in the Tax Amount column In addition the user needs to save the tax screen after verifying the Tax calculation By using the Export Button a user can tr
560. tion Any tax cost component defined under these categories will be taken into consideration for the calculation item cost subject to the condition that the Credit Percentage is not specified 1 80 Oracle Financials for India User Guide Third Party Taxes In the Procure to Pay Cycle you can make use of the functionality of third Party taxes This can be setup by specifying the Vendor Name and Vendor Site for the Tax Code After receipt you have to run the Third party taxes concurrent to generate AP Invoices for all third part taxes included in the Receipt While computing the cost of the item these costs also will be considered Handling Discounts You can use Any other Tax type of taxes with negative Percentage or Unit Rate to handle discounts Oracle Financials for India will also handle any other debit credit that needs to be done for any transaction Additional CVD Assign this Tax Type to Tax Categories having Basic Customs and CVD Tax When Additional CVD is not recoverable credit percentage at the time of tax definition needs to be maintained at 0 or NULL Field Description Type Action Description Description Required Enter meaningful description for the Tax you define This should describe the Tax Name in detail Description can have maximum length of 100 characters including spaces India Local Inventory 1 81 Field Description Type Action Description Account Required EDIT HELP You can ente
561. tion Required EDIT HELP You need to specify the Inventory PICK Organization Name to which PLA Register entries are to be updated Where you would like to use this window to view the existing PLA Entries specify an Inventory Organization for which you would like to view the PLA Register balance and information Location Required EDIT HELP You need to specify the Location PICK for the Organization you have chosen The display of existing entries or creation of a new entry would be for the chosen Organization and Location India Local Purchasing 2 45 Field Description Type Action Description Serial No Required Transaction Date Transaction Type Item Customer Vendor Name Customer Vendor Location Transaction Detail Block Excise Amount Excise Cess CVD Cess It is system generated Serial Number after entering a transaction The Transaction Date should be entered here If you would like to view existing PLA Register entries for a particular day then you can specify the Transaction Date The transaction types of either Receipt Issue should be chosen here You need to specify Item for which the Receipts Issue entry is going to be passed Enter Customer Vendor Name should be entered here and the manual entry is being made in PLA Register Enter Customer Vendor Location should be entered here This block has Transaction details with respect to Reference Number Invoice No and
562. tion for a given period of time and a given Vendor The output is listed Work Order Number wise e OSP Pending Receipt Report Lists Unapproved 57F4 Receipts in an Organization location for a given period of time and a given Vendor The output is listed Work Order Number wise e OSP Stock Register This Report is an extract of all 57F4 transactions in an Inventory Organization Location for a given period of time and the format of the Report is as specified by the Central Excise Act e Outside Processing Challan This report gives you the 57F4 Forms used The output is listed Challan Number wise Receiving Corrections Oracle Financials for India product supports Receiving Corrections feature provided by Base Receiving Oracle Financials for India automates adjustment to Taxes and corresponding Accounting and Register Entries on corrections to Receiving Transactions using Receiving Corrections feature Oracle Financials for India supports Corrections to following transactions e Receiving e Delivery e Return to Receiving and e Return to Vendor Transaction Oracle Financials for India adjusts following entries on correcting any of the transactions specified above India Local Purchasing 2 21 e Adjust Receiving Entries created for India Local Taxes e Create Cost Adjustments for non recoverable taxes e Create CENVAT Adjustment Entries to adjust the accounting Impact of the CENVAT Entries created on Claim CENVAT e Adju
563. tion Description Item Required EDIT HELP Select the Items from the LOV PICK Tax Category Required EDIT HELP Select the relevant Tax Category PICK from the LOV Important By assigning this Tax Category list to a Supplier Site in the Supplier Tax Information India Local window the tax lines for a particular Vendor Vendor Site or Customer Customer Site for a particular Item will get defaulted according to the precedence set in the Tax Category The user should use a unique Item Category List Name and meaningful description Defining Manual BOM The objective of this screen is to facilitate Duty Drawback processing and reporting If you are not using localization for Duty Drawback processing this feature can be ignored Data in this form can be used for OSP related transactions and Drawback related a report if a standard BOM is not defined This form will be exclusively used to design Manual Bill Of Material for a finished goods Inventory item Use This Window to enter Bill of Material for a Finished Item if you are not using Oracle BOM You can enter different Bill of Material for same item effective in different Dates ranges This BOM definition will be used for Duty Drawback Processing and Outside Processing purpose Prerequisites Before you enter the Manual BOM you must e Define Organizations e Define Locations e Define Routings e Define Operations e Define Departments In Oracle Financials for India
564. tion are displayed with appropriate icons to identify the last updated values Approving Purchase Order Changes Receiving Navigate to India Local iProcurement gt Requisitions gt Notifications gt Open Change Requisition Notification Authorized Approver can Approve Reject or Reassign the submitted Change Request by opening the appropriate Notification On Approval all changes made to the Requisition are effected to the PO automatically Existing India Localization functionality ensures that corresponding changes are done to related tax lines based on the changes affected to the Requisition On Rejection changes made to the Requisition are deleted without affecting the Purchase Order details Original Taxes that were calculated remain unaffected Oracle iProcurement has following functionality in receiving e Create receipts Users can create receipts against orders in Oracle iProcurement For an order to appear in the receiving module it must have a receipt routing of Direct Delivery cannot create receipts against orders with a receipt routing of Standard or Inspection It is also possible to receive against In transit Shipments ASN shipments and ISO receipts e Create Returns e Perform Corrections Receipts Creation Navigate to India Local iProcurement gt Receiving gt Requisition to Receive gt Receive In India Local iProcurement 9 9 the iProcurement receipt process flow India tax entry or update interface
565. tional ENTER information regarding Income Tax like PAN No and TAN No which are relevant to identify the Income Tax information for a Customer for a Location Item Category List Optional EDIT HELP You can select from the LOV the Item PICK Category List The selection of the Item Category List will affect the default status of the taxes defined within the Tax Categories associated to the Items within this Item Category list This is an optional field Assessable Optional EDIT HELP There will be cases where the price Value Transaction PICK charged for the transaction is not the value sole consideration and the Customer relationships will have an impact on the sale consideration Section 4 of the Central Excise Act specifies that if there is any other consideration built up in the price Excise Duty needs to be worked out on the normal transaction value of the goods There are cases where Excise Duty or VAT Tax needs to be calculated on some other price This requirement is addressed through the functionality of Assessable Value You can create a simple Price List Without use of pricing Attributes that are available in Advanced Pricing Module as the Assessable Value Transaction value Price List and the same can be attached to any Customer Customer Sites While performing a transaction for a Customer Customer Site first system will check whether any Assessable Value list is attached for the Customer for the Item under transacti
566. tional PICK This is an additional field provided to you to define any EDIT other relevant information Folio HELP No is user definable and has no validations Item Tariff Optional This is an additional field provided to you to define any other relevant information Item Tarrif is user definable has no validation Trading Flag Optional PICK EDIT By enabling this Flag the entries HELP into RG23D will be controlled For a Non Trading item this Flag can be set to NO Description of Item Class Code and Impact Following are the item class codes and its relevant impact India Local Inventory 1 73 Item class code Impact RMIN RMEX CGIN CGEX CCIN CCEX FGIN All inputs raw materials consumables used in or in relation to the manufacture need to be classified under this category All transactions to the Bonded Sub Inventory with this item class will have an impact on the records reports generated for CENVAT credit on raw materials RG 23 A registers will be affected All inputs raw materials consumables used in or in relation to the manufacture needs to be classified under this category All transactions to the Bonded Sub Inventory with this item class will have an impact on the records reports generated for CENVAT credit on raw materials RG 23 A registers will be affected All capital goods as per excise definition used in or in relation to the manufacture needs to be classified under
567. tions raised for that Item By specifying a particular Supplier Name the user can view all the requisitions raised for that Supplier If the user wants to view all the Requisitions then he need not to specify any of the above field for querying and can blind query through the Find button Quote Analysis Localized You can use this feature to analyze your quotations By navigating through Quote Analysis Localized you can view the Per Landed Unit Cost for the item including Localization Taxes Through this form the user can view the Quotations Localized raised by a specific query or a blind query Viewing Quotations In Oracle Financials for India navigate to India Local Purchasing gt India Localization gt Quotations gt Quote Analysis Localized Click Find without supplying values for any field to view all Local Quotations You can further sort the results by specifying particular fields in the form like RFQ Supplier Quotation and respective quotations can be viewed Note Only Non recoverable portion of the taxes will be considered for calculation of per landed unit cost 2 72 Oracle Financials for India User Guide Purchase Order Summary Use this View Purchase Order Summary to view a particular Purchase by specifying its Number and all the Purchase Orders will be viewed if the user does not specify any of the field The user can do new release for a PO through New Release button and the user can creat
568. to since Last Return the question of Address Changed since last return Collector Status Required PICK The Collector Status of Central Government or Others that needs to appear on the report Person Responsible Required The Name of Person for Collection responsible which needs to be printed on the report Designation of Person Required The Designation of Responsible Person responsible which needs to be printed on the report Address of the Person Required The Address of Responsible Person responsible which needs to be printed on the report State of the Person Required The State of Person Responsible responsible which needs to be printed on the report PIN of the Person Required The PIN Code Postal Responsible Code of Person responsible which needs to be printed on the report India Local Receivables 5 57 Field Description Type Action Description Responsible Person s Address Changed since Last Return Start Date End Date Provisional Receipt Number File Path File Name Required Optional Optional Optional Required Required PICK PICK PICK Enter Yes or No to the question of Responsible Person s address changed since last return The start date from which this report needs to be printed This date should pertain to the same quarter as entered in earlier parameter The end date till which this report needs to be printed
569. to specify the Item for which the receipts or issue entry is going to be passed Details such as Name as per Vendor Site will be shown for Receipt Transactions For Manual Entry these fields are optional If item is sold directly similar details of Customer will be shown 1 98 Oracle Financials for India User Guide Field Description Type Action Description Customer Vendor site Transaction Detail Block Additional Detail Block Excise Rate Excise Amount in the Additional Details Block Excise Amount Block Optional Required Displ ayed EDIT PICK HELP Details such as Vendor Site will be shown for Receipt Transactions For Manual Entry these fields are optional If item is sold directly similar details of Customer Site will be shown This Block will have the Transaction details with respect to Reference Number Packed Quantity Loose quantity UOM and Registers RG23A or RG23C or PLA which has been used for Issue These can be entered by the User while entering Manual RG I Entry Please note for a Transaction Type Issue the Excise Invoice Number will be displayed in the Reference No field This Block will have the Transaction details depending upon the Transaction Type Issue Inter Org Issue Issue Adjustment and Customer Return These fields will be enabled disabled depending upon the Issue Type in the Additional Details block This will be enabled only for Issu
570. tory name from the LOV Description Displayed The Description for the selected Sub Inventory will be displayed here Bonded Flag Optional CHECK BOX You need to specify whether a Sub inventory belonging to the specified Organization and Location is Excise Bonded or Duty Paid When this Flag is enabled the Sub inventory is considered as Bonded Trading Flag Optional CHECK BOX This Flag is enabled for all the Sub inventory attached to a Trading Organization If the Organization Location has a Manufacturing setup this field is disabled e The above Sub Inventory setup is mandatory in nature amp missing the same will result in Shipping getting stopped with the following message e ORA 20406 Mandatory India Local Sub inventory Setup not done for this Location from where Shipment is made e The Sub inventory can be either Bonded or Non Bonded in Manufacturing Organization Non Bonded Sub inventory is where the Bonded flag is unchecked and does not result in Excise Register updates for any shipments made For Trading Organization the Trading flag would be auto checked and the same is not updatable for unchecking India Local Order Management 4 21 Customer Additional Information You will have to complete this setup step before using the Receivables Localization functionality The information setup in Customer Additional Information would be the basis for Tax defaulting You can also record the Registration deta
571. trations tab Sequence Required PICK HELP EDIT This section captures the Registration details of the Regime These Registration details are used in the reports that are generated You should enter the Registration details in the Registration Value column by picking up the appropriate Registration Type and Registration Name You can capture as many Registration details as required This is the Sequence Number of the Registration Types to be captured This may not be Serially Numbered You cannot use duplicate sequences 1 26 Oracle Financials for India User Guide Field Description Type Action Description Registration Type Required PICK HELP EDIT Registration Name Required PICK HELP EDIT Registration Value Required PICK HELP EDIT LOV containing 1 Primary Registration Number 2 Secondary Registration Number 3 Others Pick the appropriate Registration Type LOV containing 1 Registration Number 2 Jurisdiction 3 Ward No 4 Range No 5 Circle 6 Same Invoice No for Excise and VAT Regimes Pick appropriate Registration Name You should enter the actual Registration value in this field These Registration details are applicable at the Regime Level These Registration details will default on all the Organizations that are assigned to this Regime The user has the facility to change the default values at an Organization Level Note For Value Added
572. ts cr_additional_ed Invoice No Localization prints dr_invoice_id Invoice Date 2 82 Oracle Financials for India User Guide Localization prints dr_invoice_date Debit Excise Duty Amount Derived as dr_basic_ed dr_additional_ed dr_other_ed Balance Derived as cr_basic_ed cr_additional_ed cr_other_ed dr_basic_ed dr_additional_ed dr_other_ed Central Excise Reports All these Reports related Central Excise Act will be available in India Local INV PO AP OE amp AR Modules in the respective Report requests India RG 23A Part I Report This Report gives you the Stock Account of Inputs for use in or in relation to the manufacture of Final Products and complete Quantitative Details as per Format Specified by Central Excise Act for a Inventory Organization and its Location Format and columns of this Report is as same as specified by the Central Excise Act Report Submission Use the Request Transaction Reports form and enter India RG23A Part I Report in the Name field to submit the report Report Parameters Organization Optional PICK HELP Enter A Organization you wish to take the RG 23A Part I Report for Location Optional PICK HELP Enter a Location you wish to take the RG Report for Transaction From To Date Required Default PICK HELP If the user wants to take report for a specific period then he has to specify the period Report Headings Report headings provide you with general information abou
573. ttached to the cancelled requisition are also cancelled simultaneously Purchase Orders Purchase Orders can be auto created based on the Purchase Requisitions created in iProcurement The Taxes provided in the Requisition gets defaulted to the Purchase order automatically You can modify these taxes using the IL Purchase Order form Viewing Purchase Order Details Navigate to India Local iProcurement gt Requisitions gt Requisition Summary Order 9 8 Oracle Financials for India User Guide Link Oracle iProcurement provides links to view details of Purchase Orders created using iProcurement Requisition Summary page India Localization tax links are also made available in the Purchase Order details page India Localization tax amount and details will be displayed in a view only mode for each purchase order line in this link page You can navigate to the Purchase Order India Tax details page by clicking these links available in the Requisition summary page Purchase Order Change Requests Navigate to India Local iProcurement gt Requisitions gt Requisition Summary gt Change Requisition Changes can be made to Requisitions on approving the Purchase Order created by submitting an iProcurement Requisition Change Request The Change Request page accepts the modifications made by you and highlights the changes by indicating both Original and Changed values before Submission In case of multiple changes all modifications made to the requisi
574. tted Opening WDV as on start date of a Financial year Opening Written Down Value for a Block will be reported Addition during the year Addition made during the year a financial year to a Block asset wise will be reported Assets Number Assets Number added to a Block during the financial years will be reported Deletion and Sale in the year Deletion and Sale during the financial years of an asset will be reported Deletion and Sale in the year Deletion and Sale during the year from a Block for an asset will be reported Total Total of WDV balance for a Block before applying depreciation Block will be reported Rate of Depreciation Rate of Depreciation for a block will be reported Depreciation for a block for the year will be reported Closing WDV as on End date of a Financial year Closing Written Down Value for a Block will be reported 6 12 Oracle Financials for India User Guide l Trading Functionality This chapter covers the following topics Trading Functionality Overview Match Receipts Localized Overview Transactions Reports Trading Functionality Overview Every Dealer and Importer dealing in excisable goods is required to obtain Excise Registration to issue CENVATable invoices This registration should be obtained for every warehouse of the dealer and that the Superintendent of Excise has jurisdiction over the warehouse and will be the officer responsible to issue Central Excise Registration Dealers wh
575. turing OSP transactions are handled through production batches When a WIP warehouse in a production batch is a warehouse marked as OSP Warehouse in Localization the date will be populated into OSP tables A Purchase Order has to be created for the processing charges and should be received in OPM so that it can be passed to AP for Payment of these processing charges As these processing charges are treated as one of the ingredients cost rollup will consider all the costs correctly Under Localization following additional steps or processes are involved e As soon as a production batch is released i e production batch having OSP marked warehouse as WIP warehouse the relevant details are populated in localization OSP table e Go to OSP Transactions Screen You are required to verify the details populated and attach a purchase order raised for the processing charges There you have to give the values for the items so that the excise duty payable will be calculated basing on the value and the percentage specified in the organization additional information form You have to select a register for payment of this duty At this point there are no RG registers hit e When the batch is certified RG Registers are hit with the excise payable and quantities depending upon the batch actual consumption of ingredients e When the actual quantities of product are given RG registers will hit for the quantities At this point reversal of excise credit will not t
576. ty is different from the Price at which the Item is transferred then you will have to create additional Price Lists with the Item Excise Assessable Price This price list has to be attached to the Internal Customer Customer Site The Assessable Price would be considered only for calculation of the Excise Duty Assessable Price Lists needs to be defined separately for Excise and VAT if the taxable basis is different Define VAT Regime Regime would be used to define rules that would be applicable to all Taxes assigned to it You need to complete this setup step before you move ahead with other setups Setups made for a Regime would be applicable to all transactions created from the Organizations assigned to it Information defined here would be generic unless you assign different properties at an Organization Level In the Regime you have to provide VAT Registration Number and Accounts associated with the Regime such as Liability and Interim Liability accounts for the Taxes and assign Organizations to it For further information see Define VAT Regime page 1 24 Define VAT Claim Terms VAT taxes applicable to a purchase of Capital Goods can be recovered over a period of time as specified under the VAT Act The VAT Claim terms enable you to define VAT Recovery Term These terms can be assigned to the VAT Item Classes Define VAT Generation Sequence VAT Invoice sequence can be defined for an Order Invoice Type You can also specify prefixes fo
577. ty matched Quantity matched could be unmatched before Shipment transaction is completed and the India Excise Invoice Generation Program is run This shall take care of the Backordering scenarios and user mistakes while matching However it is to be noted that unmatching is not allowed once the delivery is shipped and Excise invoice generations program is run In Oracle India Localization navigate to the RG23 Register Entries India Localization window as follows India Local Order Management Shipments Trading India Match Receipts You can find out the receipts available for an item by querying through Find Customer Order Screen The following are the fields in this Find Customer Order Screen Trading Functionality 7 7 Field Description Type Action Description Match Type Customer Name Customer Number Delivery ID Delivery Detail ID Order Number Line No Automatic Matching Required Optional Displayed Optional Optional Required Optional Optional PICK HELP Check Match type field provides two options Match or Unmatch Match shall be chosen for normal matching transactions and Unmatch in cases where the already matched transaction needs to be reversed before the Shipment is made Please note that the UNMATCH feature can not be used after completing the Shipment transaction Customer Name can be entered from the LOV Cust
578. ue is derived by back working from the taxes Because the taxes are rounded off this back working might lead to a marginal difference India CENVAT Monthly abstract This Report forms the second part of the CENVAT Monthly Return Report in the format specified under Rule 7 5 of CENVAT Credit Rules 2002 This report along with India CENVAT Monthly Return Report gives you complete information as required under the rule Report Submission Use the Request Transaction Reports form and enter India CENVAT Monthly return Capital Goods in the Name field to submit the Report Report Parameters Organization The user need to enter an Organization you wish to take the India CENVAT Monthly return Capital Goods Location The user need to enter the Organization Location for which he need to run the India CENVAT Monthly Return Capital Goods Inputs Transaction From To Date India Local Purchasing 2 89 The user need to give the range of the dates for which he wants to run India CENVAT Monthly Return Inputs reports Material Type The user need to select from the LOV whether he need to run the abstract for Inputs or Capital Goods Column Headings Opening Balance This field shows the Opening Balances based on the report parameter Credit taken during the month This field takes into consideration the Total Amount of Credit availed during the period specified in the report parameter This field takes into consideration
579. ued Excise Credit on Capital Goods needs to be claimed in the Sending Organization This claim will be done by the system automatically and the accounting entry for the same will also be generated on matching the line quantity with the original receipt You can match the shipment quantity against a specific Receipt to claim the balance accrued excise credit The system will prompt you to match the shipment with its receipt when you save the record without matching This option of selecting the receipt from which the claim is to be made is optional and can be ignored when the Capital Goods are more than a year old or hundred percent excise credit has already been availed Once the claim for the Capital Goods is carried out the goods can be sent as normal duty paid goods by charging the relevant rate of Excise Duty Transfer of Capital Goods is available only for In Transit Inter Organization Transfer Similar to CENVAT Claim you can claim the VAT accrued credit Click Match on the detail form to match against the relevant Receipt You must ensure that the shipment is being matched to the correct receipt The Match form contains all capital receipts that contain Excise or VAT type of taxes attached to it You have the flexibility to apply the shipment quantity against multiple receipts The system ensures that the sum of all quantities applied in the match form equals the shipment quantity The claimed percentage is also shown in the CENVAT Receipt
580. uirement you should setup as follows 3 12 Oracle Financials for India User Guide From Amount To Amount Tax Rate 50 000 850 000 2 850 001 fi 2 2 If there is no Upper Limit to be specified for this Threshold you may leave this field blank or give any amount such as 999 999 999 The above is a recommended setup Navigate to India Local Payables gt India Localization gt Set Up gt Tax Set Up gt Tax gt India Threshold Setup Field Description Type Action Description Header Section Vendor Type Required Section Type Required PICK HELP EDIT PICK HELP EDIT The Header Section gives the mandatory combination of Vendor Type Section Type Section Code Numbering You should specify the Vendor Type here LOV contains Vendor Types seeded Individual HUF Company You can also define a user defined value for the Look up Type TDS VENDOR TYPE Numbering You should specify the Section Type here User has to select the value TDS_SECTION from the LOV India Local Payables 3 13 Field Description Type Action Description Section Code Required PICK You should select Section Code here LOV contains Sections Codes HELP seeded EDIT 194 19 4 H 194 1 1940 User can also define a user defined value for the Lookup Type TDS_SECTION Section Description DISPLAY This field displays Description of the Section Code Setup Name PICK Y
581. umber Managing Order Management Transactions This Section elaborates on the transactions for which you can default and calculate the Localization taxes This would be possible only when you create the transactions navigating through the localization windows Transactions Sales Order Localized In Oracle Financials for India the Sales Orders are designed handle tax impacts on Sales Orders and Sales Returns In order to use India Local taxes you need to navigate to the open standard application Sales Order screen by navigating through Sales Order Localized screen You need to complete Standard Applications Order form On saving the Sales Order in the standard applications data required for the localized Sales Order will get created Based on the tax defaulting set ups the localization taxes will get calculated automatically For defaulting the taxes are depended on the tax defaulting set up hierarchy mapped for localization taxes Taxes can get defaulted based on the association of Item Category to the Customer Sites or based on the Tax Category set up You have an option to Delete or Add localization taxes if you need to modify the defaulted taxes Deletion of taxes will be restricted if the taxes intended for deletion has an impact on the tax precedence calculation The India Local Sales Order is a view form shows the Item UOM Quantity Ordered Item Category List Unit Price Order Line amount which are defaulted from Standard Apps
582. umber This field will display Document Line number This field will display the Line amount This field will display Tax Line number You can delete the tax line You can also add a tax line by clicking on the next line This field will display Tax Type related to the line This field will display the precedences from 1 to 10 for this tax line India Local Projects 8 19 Tax Rate This field will display Tax Rate for this tax line UOM This field will display UOM for this tax line only if the tax is UOM based Qty Rate You can enter the quantity rate for this tax line This will display only if the tax is UOM based Tax Amount This field will display Tax Amount for this tax line The Invoice India form with localization tax details can also be viewed from the Tools special menu option on the Oracle Project Billing Invoice Review form Approve and release the invoice so that the invoice can be imported into Oracle Receivables Note Once the invoice is released none of the tax information can be modified Run the PRC Interface Invoices to Receivables process to interface the invoices to Oracle Receivables and run AutoInvoice program to import the invoice into Oracle Receivables You must run the India Import Projects Taxes to Receivables program to import India Localization taxes to Oracle Receivables You can view the India Local taxes in Transactions Localized form after running the program S
583. unt Excise Amount Excise duty paid will be written off as Excise expense Account RMA Receipts considered as Scrap Account Debit Credit Scrap Cost a c Item cost Sub Inventory a c Item cost Localization accounting entry for Excise Tax treatment Account Debit Credit Excise Expense a c Excise Amount Excise Paid Payable Account Excise Amount Excise Duty Paid will be written off as an expense account RMA Return Receipt Trading Item The following are the possible scenario in the case of Customer Return for a Trading Item in a Trading Organization Transaction Description RMA Receipts The goods are totally damaged and the Customer is not looking for any replacement RG23D Receipts entry will be passed for the Rejected Qty Ref Document The Customer Invoice for returning the goods RMA Receipts Customer is looking for Replacement No RG23D Entry RMA Receipts as well return to Customer will be handed through separate D C or valid documents RMA Return For the above RMA Receipts No RG23D Entry RMA return to Customer will be handed through separate D C or valid documents 4 40 Oracle Financials for India User Guide Important The Dealers need to inform to the Range Superintendent regarding the Goods Returns Use of LC Functionality Oracle Financials for India also provides the LC functionality The following are the details how the user can use the LC Functionality Create LC Master LC Master
584. up Quantitative Data Item When Item is selected Quantitative data in report is grouped based on individual inventory item and column Description of goods will be displaying the Inventory Item description Tariff When Tariff is selected Quantitative data in report is grouped based on Item Tariff provided in India Item Attributes setup related to Excise and further grouped based on distinct primary UOM In this case the column Description of goods will be left blank as the Tariff description is currently not captured by India Localization User needs to enter the Item Tariff description in such cases India TCS Certificate Use the Submit Requests from India Local Receivables and enter India TCS Certificate in the Name field to submit the report Report Parameters Report Parameter Type Action Description Legal Entity Required PICK The Legal Entity for which the report is being generated Financial Year Required PICK The Financial year for which the report is being generated TAN Number Required PICK The TAN Number for which the report is being generated India Local Receivables 5 101 Report Parameter Type Action Description Collection Code Required PICK The Collection code for which the report is being generated This can be any of the following values Alcoholic liquor for human consumption Timber obtained under forest lease Timber obtained under any mode other than forest lease An
585. upplementary Number this report can be requested Supplementary Invoice Type Optional For a particular Supplementary Type of Invoices this report can be requested Report Headings Report headings provide you with general information about the contents of the report Oracle lists Company Name based on User parameter input Column Headings SI No Serial Number of the Line will be reported Item Item name will be reported Description Description of the Item name will be reported Line Amount Excise Excise duty of the Supplementary Invoice Consolidated will be reported Sales Tax Sales Tax of the Supplementary Invoice Consolidated will be reported CST CST of the Supplementary Invoice will be reported Others Others taxes of the Supplementary Invoice will be reported Total Amount This is the amount for which the Sup Inv Credit Memo Debit Memo is raised 5 92 Oracle Financials for India User Guide Status of AR3 A form Report This Report gives you the details about the AR 3A forms to be received from Customer Report Submission Use the Submit Requests India Local AR modules Only form and enter India AR3A Status Report in the Name field to submit the Report Report Parameters Organization Location Optional PICK If the User wants this Report for a specific Organization Location then he need to enter Organization Name here otherwise this report give details of AR3 A for dispatches made from all the Org Loc
586. ved e Generate a report to view the AR 3A forms pending from each Customer Using the find query form the User can view the AR3A forms to be received for a particular customer or all customers Navigate to India Local Receivables gt Customers gt AR3 A form Receipts Tracking The field wise description of the screen is given below 5 14 Oracle Financials for India User Guide Field Description Type Action Description Customer Name Customer Number Customer Site Order Invoice Order Invoice No Excise Exemption Type AR 3A form Customer Block Details regarding the customer will be displayed Customer Name Optional Requ ired Displayed Optional Optional Optional Optional Optional Displayed The User can enter Customer Name from whom the AR3A Forms are to be received If nothing is specified here then all the outstanding AR3A form for all the Customer will be shown displayed Customer Number of the above Customer will be displayed here If the User wants to view the outstanding AR3A for a specific Customer Site Ship to then he can specify this field Quick field are Order or Invoice A specific Order Invoice Number can be specified for which the User wants to view the outstanding AR3A CT2 CT2 others CT3 can be specified AR 3A form number can be specified Through AR 3A_ form India Local Receipts Tracking the user can enter the rec
587. very Name Displayed Delivery Name will be displayed Delivery Date Displayed Delivery Date will be displayed AR3A Form Number Displayed AR3A Form Number will be displayed Date Displayed AR3A Form Date will be displayed Received Date Enterable The Date on which the AR3A forms were received back from the Customer After receipt of an AR3A form it will be removed from the outstanding list of AR 3A form to be received from a Customer Important Delivery Number Name and Date will be visible only for Order Management transactions and will not show any value for Manually entered Receivable transactions In the Find window Order Invoice refers to query option of querying for an Order entered through Order Management or Invoice entered through Transactions Localized in Receivables Invoice does not list Imported Invoices against Order Management This section provides overview and detailed descriptions of these reports India Local Order Management 4 55 e Commercial Invoice e India Excise VAT Invoice Template Commercial Invoice This report gives you the Commercial Invoice that covered ISSUE OF INVOICE UNDER CENTRAL EXCISE RULE 57G OR 57T This section is no longer valid however the report is not dropped so that the fields appearing in the report can be used as an example or base for client required output to generate and print Invoices Report Submission Use the Submit Requests India Local AR and O
588. vides you with a facility to query Received Forms and view Form details and the Invoices included in these Forms e Generates Report to view the Invoices for which Concessional forms have been received and also are yet to be received e Form Tracking can also be carried out for 0 Sales Tax codes based on attachment to Transaction Reports Receivables generates this report for India India ST Form Customer Report Use Sales Tax Form Customer Report to track customers for whom you have given Sales Tax discount and you have not yet received the ST Forms for an Invoice Where the Form has been fully or partially received against Invoices AR 3A Form Receipt Tracking Overview Material Clearance without payment of duty under AR 3A needs to be tracked for receipt of re warehousing certificate AR 3A Receipt Tracking feature of Oracle Financials for India can be used to meet this requirement All clearances under excise exemptions will be recorded in this screen and on receipt of the authenticated document the receipt date can be recorded By viewing the contents of this screen users can monitor the re warehousing certificates that need to be obtained from customers at any given point of time The AR 3A Receipt Tracking functionality enables you to keep track of the AR 3A forms due from Customers Using this functionality you can e Track AR 3A forms to be received from Customers e You can also enter the date on which the form was recei
589. view The reduced rates of Sales Tax are applicable based on issue of declaration forms to the Supplier These forms would be as specified in the applicable Sales Tax Regime For this you will have to keep track of the transactions that would qualify for concessional rate of Sales Tax Further you will have to keep track of details of Forms Issued and the Invoices included in each of the Forms Basic Business Needs Sales Tax Issue tracking helps you manage the issue of Issue of declaration forms in order to avail concessional rate for Sales Tax Using this feature you can perform the following tasks e Setup Declaration Form names that have to be issued to avail the concessional rate of Sales Tax e Assigning Form Names to appropriate Tax Codes while defining these Taxes e Keep track of Purchase Invoices against which Sales Tax Declaration forms have to be issued to the Supplier e Facilitate recording details of Forms Issued and the Invoices included in issue of form e Provides with a facility to query Issued Forms and view Form details and the Invoices included in these Forms Third Party Taxes Additions to Fixed Assets Overview Taxes and charges that are incurred on a transaction but are not paid to the Supplier of India Local Payables 3 5 Goods are defined as Third Party Taxes in Oracle Financials for India Third Party Taxes applicable to a transaction would depend on the Shipment terms The terms used commonly are E
590. voice which is applied on the standard invoice is already having any TDS generated The Standard Invoice is validated after prepayment application and if any TDS tax code is applicable to the standard invoice and if the corresponding Prepayment 15 Unapply the prepayment invoice Reversal of the above point point no 14 on the standard invoice When prepayment invoice was applied to a NEVER VALIDATED standard Invoice 16 Apply the Prepayment invoice System will generate RTN invoice for Vendor having the TDS invoice to the and CM for the TDS Authority Validated standard invoice having the TDS Invoice 17 Unapplication of prepayment of System will generate a RETURN Invoice for invoice on to a VALIDATED the TDS Authority and Credit Memo for the Standard Invoice Vendor Please note that support for Works Contract Tax WCT and Employee State Insurance ESI deductions are implemented only as a workaround There is no support for any reporting for these taxes Viewing Invoices included in the TDS Threshold This is an additional screen through which you can view the Invoices that has been included in calculation and tracking of the TDS Thresholds This information is available by Organization TAN and PAN of the Organization You can also view the PAN of the Vendor by each Site and whether the PAN was Confirmed or not This screen is a view screen only India Local Payables 3 23 Navigation India Local Payab
591. w Update IL Info update the Excise details if required and press the Continue button to Complete the ASN process After completion of the process ASN gets the Pending status and is ready for interfacing into receiving tables After the Shipment is interfaced the status is shown as blank in the Processing Status Column Advance Shipment Billing Notice ASN containing Invoice and Tax information along with shipping information is an Advance Shipment Billing Notice ASBN Additional details available on ASBN are Invoice Number Invoice Amount Invoice Date Payment Terms Freight Amount Currency Tax Amount and Remit To Site etc An ASBN created in the iSupplier portal creates an invoice in the buyer s payables system You can enter an Advance Shipment cum Billing Notice with the tax information The taxes entered in the ASBN will be defaulted on to the Receipt and the Invoice created using the ASBN The Taxes that have been defaulted from the ASBN cannot be modified or new first party taxes added on the receipt Only new Third Party taxes can be added on such Receipts 10 10 Oracle Financials for India User Guide While Creating the ASBN you will enter the Shipment Number Shipment Date Invoice Number etc in the Shipment Header Page and the Quantity being shipped in the Shipment lines page On submitting the ASBN Pages the ASBN will be created and you will be taken to the Advance Shipment Notice Confirmation page India Loc
592. wing notice is applicable U S GOVERNMENT RIGHTS Programs software databases and related documentation and technical data delivered to U S Government customers are commercial computer software or commercial technical data pursuant to the applicable Federal Acquisition Regulation and agency specific supplemental regulations As such use duplication disclosure modification and adaptation of the Programs including documentation and technical data shall be subject to the licensing restrictions set forth in the applicable Oracle license agreement and to the extent applicable the additional rights set forth in FAR 52 227 19 Commercial Computer Software Restricted Rights June 1987 Oracle Corporation 500 Oracle Parkway Redwood City CA 94065 The Programs are not intended for use in any nuclear aviation mass transit medical or other inherently dangerous applications It shall be the licensee s responsibility to take all appropriate fail safe backup redundancy and other measures to ensure the safe use of such applications if the Programs are used for such purposes and we disclaim liability for any damages caused by such use of the Programs The Programs may provide links to Web sites and access to content products and services from third parties Oracle is not responsible for the availability of or any content provided on third party Web sites You bear all risks associated with the use of such content If you choose to purcha
593. x lines and amounts before you open the Claim Details screen If you have any Tax modifications pending click No On clicking on Yes Claim Details would be opened The field wise description of the form is given below for ready reference Field Description Description Receipt Header Block Receipt Number Recoverable Amount Recovered Amount In this block you would see the List of Receipts that meet your query criteria In case you have opened this Form from Receipts India Local Screen only the current Receipt would appear in this block In this block you can view Total of VAT Recoverable Amount Of which how much is recovered the VAT Invoice details would appear in this Block Receipt Number is displayed here This field reflects the Total of Recoverable VAT Tax amounts applicable to the Receipt Important All Tax Types Assigned to the VAT Regime would be considered as VAT Taxes This field displays the Total of VAT Amount Recovered so far In the following cases Recovered Amount would not be equal to the Recoverable Amount 1 When you have processed claim for any of the Receipt Lines 2 When only some of the Receipt lines are Recovered 3 Based on the claim terms only a part of the VAT Amount is recovered 1 34 Oracle Financials for India User Guide Field Description Description Invoice No Invoice Date Party Party Site Claim Status This field would display t
594. x works and FOB In cases where the terms of Shipment is Ex works the Seller delivers the goods at his premises All costs incurred after this stage has to be borne by the Buyer In case of Inland purchases the cost components would be Freight Insurance Octroi and Entry Tax In case of Imports the Third Party Taxes would be Freight Insurance Landing Charges Inland Freight Installation Charges and would also involve Basic Customs Duty CVD and Customs Clearance Charges On such transactions there is a good possibility of having multiple Third Party Vendors and Tax Authorities Also the amount paid would be consolidated by Third Party Vendor and Vendor Site Of these Tax Types except for the Countervailing Duty all others are Non Recoverable Taxes These have to be added to the Item Cost In case of the Raw Material Purchases the Average Cost has to be updated and in case of Capital Goods the amount should be added to the Asset Cost Oracle Financials for India automates transfer of Third Party Taxes to Fixed Assets This feature automates transfer of following taxes expenses to Fixed Asset Cost Third Party Taxes Costs that are not billed to the PO Supplier but are incurred in the course of the transaction Non Recoverable Customs Duty Customs Duties that are paid to the Customs Authorities through Bill of Entry BOE Defining TCS Authority TCS Authority needs to be defined for settlement of TCS Taxes and payments You can ident
595. xample Define a Tax Category for a Item A purchased for Location B and the following taxes are applicable Step 1 Define the above Tax Names and percentages in the Tax Name Definition Step 2 Associate the above Tax 1 92 Oracle Financials for India User Guide Field Description Type Action Description Names in the Tax Categories window accordingly for tax calculations At this point the dependence of tax on other tax needs to be defined in the system If Sales Tax needs to be calculated on both line price and Excise Duty the same can be defined in this screen If 0 is defined then tax will get calculated only on the line price In the 2nd line if it is 0 and 1 then the 2 nd line tax will be calculated on the line price and the I st tax In this example line amount is Rs 1000 The taxes mentioned below are applicable Tax Calculation Excise duty 16 Sales tax 4 Freight Rs 100 Insurance 2 to be worked on the line amount to be worked on line price and Excise Duty Adhoc tax not depending on other taxes to be worked on the line amount Tax name Tax Calculation Excise duty 16 Sales tax 4 Freight Adhoc Insurance 2 to be worked on the line amount Assessable value to be worked on line price and Excise Duty Adhoc amount no precedence needs to be attached to be worked on the line amount To implement SHE Cess solution you must update the Tax C
596. xisting Return in the Form 26 India Local Payables 3 1 Basic Business Needs The feature enables generation of eTDS Certificates considering the following information e TDS deducted on Prepayment Invoices e TDS deducted on Standard Invoices e Payments against Invoices generated for TDS Authorities e Data Generated for Form 16A Certificates This feature considers TDS Calculations in following situations e Invoice Validation e Application of Prepayment Invoice to the Standard Invoice e Unapply of Prepayment Invoice to the Standard Invoice e Invoice Payments e Invoice Cancellation e TDS Deductions under Lower Rates e Users can generate eTDS returns flat file by using the concurrent program India Program to Generate eTDS Quarterly Certificates Bill of Entry BOE Customs Duty Liability arises on import of material Customs Duty has to be paid in advance i e before the material is received in stores The clearance of goods imported would be possible only after submission of the Bill of Entry in the specified format This document details the goods imported in the consignment and the amount of Customs Duty liability for each commodity included in the consignment Bill of Entry in Oracle Financials for India helps you manage the documentation process and account for the liability arising from the transaction Bill of Entry helps you manage the import process Using BOE you can perform the following tasks e Captur
597. y other forest product not being timber or tendu leave Scrap Parking Lot Toll Plaza Mining and Quarrying Tendu Leaves Certificate Nos from Optional PICK The Certificate Nos from for which the report is being generated Certificate Nos to Optional PICK The Certificate Nos to for which the report is being generated 5 102 Oracle Financials for India User Guide Report Parameter Type Action Description Certificates from Date Optional The Certificates from date for which the report is being generated Certificates to Date Optional The Certificates to date for which the report is being generated Customer Optional PICK The Customer for which the report is being generated Name of Signee Optional The Name of Signee which needs to be printed on the report Designation Optional The Designation of Signee which needs to be printed on the report Place Optional The Place where TCS Certificate is issued and which needs to be printed on the report Organization Required PICK The Inventory Organization for which the report is being generated India TCS Form 27B Use the Submit Requests from India Local Receivables and enter India TCS Form 27B in the Name field to submit the report Report Parameters Report Parameter Type Action Description India Local Receivables 5 103 Legal Entity Org TAN Number Organization Financial Year Quarter Previous Receipt Num
598. y will be displayed here Supplier Site Display only Defaulted from Standard Apps PO Forms Ship To Bill To Display only Defaulted Ship To Bill To Inventory Organization Location from Standard Apps PO Forms will be displayed Buyer Display only Buyer Name will be displayed from Standard Apps PO Forms Status Display only The Status of the PO will be displayed here 2 42 Oracle Financials for India User Guide Field Description Type Action Description Description Display only Description of the PO is displayed here from Standard Apps PO Forms Amount Display only Defaulted the PO Material Cost from Standard Apps PO Forms Tax Amount Display only The Total Tax Amount for the PO will be displayed here Total Display only The Total PO Value will be displayed here Line Block Line No Display only Auto generated Line Number will be displayed here Shipment No Display only Auto generated Shipment Number will be displayed here Item Description Display only The Item selected in the Std Apps PO form for this line and its Description will be displayed here UOM Qty Display only UOM and Qty entered for an Item will be displayed Price Display only Price for the Item in a line will be displayed here from Std Apps PO Form Ship To Organization Display only Displayed from Standard Apps PO Forms Bill To Location Display only Displayed from Standard Apps PO Forms respective the Operati
599. yed Invoice Type Invoice Number Displayed Invoice Date Displayed Customer Number Displayed Customer Name Displayed Once the User confirms a Supplementary Transaction then he can enable this check box to export that transaction to AR transactions The supplementary transactions type like Supplementary Invoice Credit Memo and Debit Memo will be displayed here The Original Invoice Number will be displayed here The Original Invoice Date will be displayed here Customer Number for whom the Original Invoice was raised will be displayed here Customer Name for whom the Original Invoice was raised will be displayed here 5 32 Oracle Financials for India User Guide Field Description Type Action Description Existing Amount Revised Amount Line Difference Excise Difference Other Tax Difference Suppl Inv Status Set of Book Name Customer Site Displayed Displayed Displayed Displayed Displayed Displayed Displayed Displayed Original Invoice Line Amount Tax line amount of the Original Invoice will be displayed here Important The details for this Existing amount can be seen in the Existing Amount details Block Revised Amount Revised Tax amount on account of Price Tax Assessable Price changes will be displayed here Important The details for this Revised amount can be seen in the Revised Amount details Block
600. ys the Organization TAN Use this Check Box to remove the assignment of the Vendor from the Threshold Setup 3 16 Oracle Financials for India User Guide On clicking New Assignment button following screen will be displayed This window will show all the Vendors with the Vendor Type for which exception setup is being made You should click on assign check box to select the Vendor s Field Description Type Action Description Vendor DISPLAY This field displays Vendor that is currently assigned to this Exception Setup Pan No DISPLAY This field displays the PAN Org Tan No DISPLAY This field displays the Organization TAN Assign CHECKBOX Use this check box to assign the Vendor to the Threshold Setup Supplier Additional Information The existing screen has been modified to capture Additional TDS Information New behavior of this screen You will have to capture TDS Vendor Type value for the vendor at the NULL Site Level Giving PAN for the Vendor is mandatory when TDS Details screen is opened You will have to Confirm PAN by checking the checkbox Confirm Pan Once this checkbox is checked and the record is saved you cannot modify the PAN for the Vendor You should give default TDS Section Code value in the Default TDS Section field Giving Tax Name is not mandatory The Tax Name value can be given only for the Site Level record Even though the Tax Name is attached here system will not generate any TD

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