Oracle eBTax: Warning – your PO Line Type
From a tax perspective, the line type is critical yet in the majority of cases is overlooked and issues arise. Why?
The line type allows you to either have Quatity or an Amount based but often it is set as Goods by amount or Service by Quantity. The issue is that anything that is Amount based will always have a product type of SERVICE and anything with Quantity based will always have a Product Type of GOODS. This will severely affect your tax determination and compliance if you are not careful.
Latest posts by Andrew Bohnet (see all)
- Latest Questions and Answers form our GCC VAT Webinar - 05/06/2017
- Oracle India Tax Recovery – Warning on Tax Credits - 05/06/2017
- India GSTN GST Registation Number Format - 05/06/2017