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