Financials for India - EBS (MOSC)

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Oracle Financial for India (OFI) Support for Goods & Service Tax (GST)

edited Dec 22, 2016 6:25AM in Financials for India - EBS (MOSC) 17 commentsAnswered

Hello Everyone,

With the approval of the 122nd Constitutional Amendment bill by both houses of the Parliament, India transitioning to GST regime is imminent.   Government is planing to implement from April 2017.  Government of India is yet to finalize the GST regulations and compliance requirements. This shall be supported for the following versions per Support policy:

1. Premier Support

2. Extended Support.

Oracle has already put in significant investments in enhancing the Oracle Financials for India solution for mapping the upcoming GST requirements.  Release plans will be dependent on Government finalizing the GST specifications and the transition plans to the new tax regime. Through this thread, we will keep you posted with updates on this important legislative update.

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