Update 19C: India GST - A look at whats new in Fusion Self Service Procurement
SummaryWhat is supported for India GST Localizations in Fusion Self Service Procurement
Customers / Support
I have been meaning to get to this article for a while now. I wanted to make you all aware of enhancements related to GST configuration specific to India and some enhancements we have made to Fusion Self Service Procurement on the same. I have provided here the feature as laid out by Financials in their What's New documentation for 19C for reference. I will then talk about what Self Service Procurement has done.
DEFAULT FIRST-PARTY TAX REGISTRATION NUMBER FOR INDIA
Use the Default First-Party Tax Registration Number for India feature to set a default value for the first-party tax registration number of the receiving or purchase trade organization on requisitions and purchase orders. You can now experience improved accuracy in tax calculation and efficient processing in claiming input tax credits for India GST, which are based on the first-party tax registration number.