Oracle Financial for India – Need enhancement need for Payable Prepayment and on account Receipts in

As GST law tax calculation is need on line wise and also accounting entries should generated with based line of transaction, It’s should be visible in Oracle form .

In current Oracle functionality India period ending process is generated journal entries , which not useful for GST Monthly Returns.

GST Return will be transaction Line level.

Oracle need to develop GST  

1.    Calculate  on Prepayment  ( Accept Misc line in Prepayment type invoice)

2.    Application of Prepayment to AP invoice should deduct prepaid taxes

3.    It should create self invoice for Govt documentation purpose with Printing

4.    Receivable on accounting should with Tax

5.    Application of AR Transactions to On account payment  is with GST