Install Base and Asset Tracking - EBS (MOSC)

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India Localization - GST support for Oracle Asset Tracking

edited Sep 26, 2018 8:19AM in Install Base and Asset Tracking - EBS (MOSC) 1 commentAnswered

Hi,

Can you please confirm if Oracle Asset Tracking is supported by India Localization (GST). We have specific scenario whereby capitalized asset is moved from one state to another. Such transactions are liable for GST on Net Book Value of the asset. Need below answers for such transactions-

1. If GST Taxes can be applied on asset movement transaction in OAT?

2. Can the AP/AR invoices along with GST be automatically created in AP and AR from OAT?

3. Does the tax defaulting mechanism (Tax Rules) work in OAT?

Best Regards,

Anil

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