E-Business Tax (MOSC)

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Is it best practice to Capture VAT transactions in GL also apart from AP & AR

edited Sep 13, 2018 5:04AM in E-Business Tax (MOSC) 8 commentsAnswered

The Finance Users is insisting to have tax option to be enabled in Oracle GL also. They are of the opinion that a few VAT applicable transactions are being recorded directly into GL. Is it the best practice to enable tax in GL also if Oracle EBT has been already configured to enable VAT on transactions happening from AP & AR.

Can we know what will be the disadvantages like if we enable the tax option in GL too..

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