E-Business Suite Release 11i & 12: India Federal Budget 2010-2011
What is being announced?
Purpose:
The honorable Finance Minister of India had presented the Budget for 2010-2011 in the parliament on 26
th February 2010.
There are no new tax proposals in the budget which will impact the Oracle Financials for India functionality.
There are changes to the rate of excise duty applicable for various commodities. Customers using Oracle E-Business suite Release 11i and 12 could configure the impact of tax rate changes using Mass tax update functionality.
This note helps our customers to configure the new tax rates which are announced in the budget.
What do you need to do?
Solution:
Procedure to be followed to configure the change in Tax rates for Central Excise for all new orders and open orders
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