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Krishi Kalyan Cess Tax Setups for 11i and R12.0.6

edited May 26, 2016 5:03AM in Financials for India - EBS (MOSC) 4 commentsAnswered

Hi

What are the setups required with respect to Krishi Kalyan Cess Tax @0.5% in Oracle 11i and R12.0.6 ?


Whether the Tax is Recoverable or otherwise?


Whether Tax is required in Sales Or Purchase?


Tax Account code should be Asset or Liability etc?




Rgds

Ramesh

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