Financials for India - EBS (MOSC)

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India Union Budget 2009-2010

edited Jul 30, 2009 5:20PM in Financials for India - EBS (MOSC) 1 comment
What is being announced?

The India Union Budget for 2009-2010 was presented in Parliament on 6 July 2009. The budget had brought in changes to some of the existing tax regulatory requirements. This note helps Oracle customers to reconfigure the Oracle Financials for India solution to map the revised requirements.

Budget provisions that will impact on our customers using Oracle Financials for India are appended below.
1. Excise tax rate changes
2. Change in RSP (Retail Selling price) abatements
3. Additional services brought under Service Tax Regime
4. Removal of surcharge on TDS and TCS.

What do you need to do?

Budget announcements that Impact Oracle Financials for India and recommended approach

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