E-Business Tax (MOSC)

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What is use of reporting and collecting tax authority in Oracle Ebusiness tax

edited Oct 28, 2015 9:39AM in E-Business Tax (MOSC) 6 commentsAnswered ✓

Hi Experts,

Kindly let me know what is the use of reporting and collecting tax authority in Oracle E business tax. We have setup the tax authority as per the Oracle document. Now the question is when we use them, is there a Oracle Functionality like the calculated tax would be paid directly to the tax authority by creation of a corresponding invoice. If no, then whats the exact use of defining the tax authority at the tax setup level?

Regards

Samarth

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