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Financials for India - EBS (MOSC)

Service Tax New Rate 14%

May 28, 2015 11:43AM edited Jun 6, 2015 10:01AM in Financials for India - EBS (MOSC) 1 commentAnswered

Hi

The new Service Tax Rate of 14% is applicable now w.e.f from 01-Jun-2015

What setups with respect to new rate is to be done in Service Tax Regime or in Tax structure in Oracle application?

Also do we need to create taxes such as Edu Cess or H Edu Cess if so with rate or a single Rate needs to be created?

Rgds

Raju

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