Financials for India - EBS (MOSC)

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OFI: Request for Clarification & Details on few Tax Configuration setups & fields

edited Jun 25, 2018 5:01AM in Financials for India - EBS (MOSC) 3 commentsAnswered

Define Regime: Tax Calendar Field - We have two regime GST India & TDS India. I understand this is used for TDS India having regime type as witholding tax. But what is the purpose of this field for GST India having regime type 'Transaction Tax'. Whether we need to leave the field blank ?

Define Regime: Reporting Code Section - What is purpose of providing reporting code section in Define Regime Setup ?

Define Tax Type: Applicable for offset Field - I don't see this can enabled when reverse/self assessed is ticked. Please clarify ?

Define Tax Type: Withholding tax applicable field - Understand it has to be enabled for tax types defined under TDS India regime. But what is the purpose of having this field for GST India regime of regime type as 'Transaction Tax'. Whether we have to leave it unticked/disabled for GST India Regime

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