Financials for India - EBS (MOSC)

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GST TDS functionality

edited Feb 25, 2018 9:16PM in Financials for India - EBS (MOSC) 2 commentsAnswered

Please note, this is different from TDS on GST taxes. GST TDS is the tax law that requires customers to deduct certain percent of TDS on taxable amount of supplier invoice and remit it to Central board of Excise and Customs (And NOT the income tax authority). It also requires additional reporting as, GSTR-7 (Monthly GST Return for TDS) and GSTR-7A (Certificate of Tax Deduction).

Is this functionality and relevant reporting currently available in Oracle and if not any plan to release it in upcoming RUP

Thanks in Advance.

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