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Safe Harbor Statement
The following is intended to outline our Oracle Financials For India product direction. It is intended for information purposes only, and may not be incorporated into any contract. It is not a commitment to deliver any material, code, or functionality, and should not be relied upon in making purchasing decisions. The development, release, and timing of any features or functionality described for Oracle’s products remains at the sole discretion of Oracle.
Pavan Raparla Principal Software Engineer [email protected]
Naveen Vaddadi Principal Software Engineer [email protected]
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Implementation Considerations – India Localization
- Pavan Raparla
- Naveen Vaddadi
Agenda
Pre & Post Installation tasks
Regimes Excise & Customs Regime
Service Tax Regime
Value Added Tax Regime
TDS Regime
Fixed Assets
Key Considerations
Implementation Considerations
India Localization
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1.Does this product require Licensing?
Registered / licensed – Singapore
Free…
2.Modules mandatory?
Inventory, not in shared mode
3.DB trigger impact
“JAI” Triggers
Pre & Post Installation Tasks
4. Primary currency at ledger level?
INR
5. What are the Core setups required?
E-Business Tax
Global Descriptive Flex field
6. Does it need separate installation?
Pre-install & RPC patches
Pre & Post Installation Tasks
Agenda
Pre & Post Installation tasks
Regimes
Excise & Customs Regime Service Tax Regime
Value Added Tax Regime
TDS Regime
Fixed Assets
Key Considerations
1. EXCISE
2. EXCISE_EDUCATION_CESS
3. EXCISE_SH_EDU_CESS
4. ADDITIONAL_CVD
5. ADDL. EXCISE
6. CUSTOMS
7. CUSTOMS_EDUCATION_CESS
8. CUSTOMS_SH_EDU_CESS
9. CVD
10.CVD_EDUCATION_CESS
11. CVD_SH_EDU_CESS
12. SALES TAX
13. TURNOVER TAX
14. VALUE ADDED TAX
15. PURCHASE
16. VAT REVERSAL
17. ENTRY TAX
18. FREIGHT
19. INSURANCE
20. OCTROI
21.TDS
22.CST
23.OTHER
24.SERVICE
25.SERVICE_EDU_CESS
26.SERV_SH_EDU_CESS
27.TCS
28.TCS_CESS
29.TCS_SH_EDU_CESS
30.TCS_SURCHARGE
List of Localization Taxes
Excise & Customs Regime
Core setup requirements
Organization structure
Chart Of Accounts
Transaction types supported
Item codification
Impact of SLA & Secondary Ledgers
Miscellaneous Receipt RG Update
Miscellaneous Issue RG Update
Physical Inventory Adjustment.
Move Order Issue
WIP Component Return.
WIP Assembly Completion.
WIP Assembly Return.
WIP Negative Component Issue.
WIP Negative Component Return.
WIP Scrap Transaction.
Costing Methods - Avg & Stand.
Period end accruals
India Localization Considerations
Organization Additional Information
Tax Info
Accounting Info
Preference
Trading Info
Excise & Customs Regime
India Localization Considerations
Organization Additional Information
Excise Invoice Generation Methods
Settlements & Reports
Excise & Customs Regime
Excise and Custom exemptions
Exemption types
Customs Procedure
Other Implications
Impact of other modules
Service Tax -- Implication
Excise & Customs
AR
AP
OM
INV
Costing FA
Iproc
Isupp
PA
Excise & Customs Regime
Agenda
Pre & Post Installation tasks
Regimes Excise & Customs Regime
Service Tax Regime Value Added Tax Regime
TDS Regime
Fixed Assets
Key Considerations
Service tax Registration
Utilization and payment
Modules integrated
Service Tax
PO
Receipt
AP Invoice
OM
Manual AR
Iproc
Isupp.
PA
Service Tax Regime
Settlements
RC Invoice
Agenda
Pre & Post Installation tasks
Regimes Excise & Customs Regime
Service Tax Regime
Value Added Tax Regime TDS Regime
Fixed Assets
Key Considerations
VAT Registration information
Claim terms & Item classification
Other Implications
Impact of other modules
Tax implications – Entry Tax
VAT Regime
VAT
AR
AP
OM
INV
Costing
FA
Iproc.
Isup.
PA
Setup – Implications
“Organization Additional Information”
Check list – “Substance over form”
Transaction flows – Test cycles
Reporting requirement
Summary
Agenda
Pre & Post Installation tasks
Regimes Excise & Customs Regime
Service Tax Regime
Value Added Tax Regime
TDS Regime
Fixed Assets
Key Considerations
TDS Regime
TDS Regime?
Important Setups
Thresholds
Lookups
Organization TAN
Works at OU level
FVU 4.0 – eTDS
JAI_TDS_SECTION
JAI_TDS_SECTION_SERVICE
TDS Year Vs GL Calendar?
Impact of No-PAN Vendors?
TDS Regime
Independent of GL Calendar
Rounding
Setup at OU level
Supplier Template
Higher Rate
PAN Number update
Agenda
Pre & Post Installation tasks
Regimes
Excise & Customs Regime
Service Tax Regime
Value Added Tax Regime
TDS,WCT,ESI Regime
Fixed Assets
Key Considerations
Fixed Assets
Asset upload strategy
Fixed Assets Report
Depreciation Methods
Asset Grouping
Date of Acquisition
Agenda
Pre & Post Installation tasks
Regimes
Excise & Customs Regime
Service Tax Regime
Value Added Tax Regime
TDS,WCT,ESI Regime
Fixed Assets
Key Considerations
Key Considerations
Involve Early
Support
Communities
Data Migration
Supplier/Customer information
Item Attributes
Open Balances
Excise
Service Tax
VAT
TDS
12.2.2 Offerings – Note 1585487.1
Note 1585487.1 : Oracle Financials for India Release
Note 1542754.1 : IL Applications Diagnostics and General data Fix
Note 1487816.1 : OFI Recommended Patch Collection
Note 1531520.2 : OFI Product Information Center
Note 871204.1 : Legislative updates
Note 779633.1 : OFI Community page: How to login to the community
Reference Notes
