How to edit the TDS Vendor Type Information on Vendor Additional Information Setup?
The TDS Threshold setups are defined for a combination of Section Code and Vendor Type.
The TDS Vendor type assigned to a Vendor determines the Threshold Set up under which the TDS needs to be deducted for the Vendor.
So once a TDS Vendor type is attached the same cannot be modified as this would lead to data corruption.
India Localization TDS Invoice got generated even after removing TDS Tax ID from Invoice Distribution Descriptive Flexfield.
If the Default Section Code and or Tax Name' is attached at the Vendor Additional Information Set Up, the TDS Invoices will get generated based on the Threshold setups applicable to the Vendor. System checks for the Threshold amount of the Vendor and compare it with the Threshold Slabs applicable to the Vendor. If the Threshold is breached, TDS Invoices will get generated. The defaulted TDS Tax Id cannot be removed in such a scenario. The above is an intended product behavior.
How to handle the GST requirements for an Item in Trading Organization on the receiving side?
Items that are being used in a Trading Organization shall have specific GST requirements. In order to meet these requirements, the Item shall be defined with the following flags in the India Items DFF.
GST Flag – YES
Modvat Flag – NO
Trading Flag – YES
In case of Trading Organization, system will not check for the Receipt DFF Flag Claim Cenvat on receipt.
While creation of Receipt in a Trading organization, RG 23 D Register will get updated only if the following conditions are satisfied.
1. GST Flag in the Items DFF is set YES.
2. GST Invoice Number and GST Invoice date is provided on the Receipt DFF.
In case of Trading organization, system will not check for the Receipt DFF flag Claim Cenvat on receipt. CENVAT /MODVAT is applicable only to Manufacturing Organization where production and removal of goods by paying GST takes place. Trading is governed under RG23D Rules (Where Warehouse is marked as Trading and can only pass on the CENVAT on receipts on to Sales by matching receipts). As there is no payment of Duty on removal of goods in a trading organization, the question of claiming CENVAT does not arise.
Further, to clarify as Cenvat/Modvat is not applicable in case of Trading organization, the receipts of Trading Organization will also not be available on the form "Claim Modvat on Receipts - India" as the question of deferring cenvat does not arise in case of trading organization.
What is the setup which determines the GL Date Basis for India Localization TDS Invoices?
The GL Date Basis Set up is defined at the below navigation:
Oracle Payable>Setup>Options>Payables
GL Date Basis - The date you want Payables to use as the default accounting date for invoices during invoice entry.
1. Invoice Date - Invoice date you enter during invoice entry.
2. System Date - Current date for your Payables system. The date you enter the invoice.
3. Goods Received/Invoice Date - Date that you enter in the Date Goods Received field. If no value is entered, then the invoice date is used.
4. Goods Received/System Date - Date that you enter in the Date Goods Received field. If no value is entered, then the system date is used.
What is the impact on Financials for India when Inventory module is installed in Shared mode?
When Financials module is only installed, some of the financial modules might be dependent on other modules (ex:Inventory,BOM etc ) hence system will automatically install those dependent modules in shared mode.
Financials for India is dependent on Inventory module because Inventory Organization needs to be associated to Locations form, Inventory Organization field will be grayed out when Inventory module is installed in shared mode.
Financials for India does not support when Inventory module is installed in shared mode.
The following modules are recommended to be installed:
1. Bills of Material for calendar.
2. Inventory module for associating Inventory Organization with location.
3. Order Management for adding OE: Item Validation Organization
Is it required to setup Organization Additional Information for OPM organization after upgrading to 11.5.10.2?
After upgrading to 11.5.10.2 most of the features of OPM are mapped to Discrete, its recommended to complete Additional Information for OPM organization and following are the minimum charge accounts required for setup:
1. GST_expense_account
2. GST_paid_account
3. GST_rcvble_account,
4. modvat_rm_account_id
5. modvat_cg_account_id
6. GST_rg23d_account
How to Return Defect Material Received from OSP Vendor?
Defect Material received from OSP Vendor can be returned against a new Form Number. Please follow the steps given below:
1. In Oracle WIP when material is moved to queue of OSP operation, an approved requisition is created.
2. Submit Requisition Import, Using this requisition, autocreate PO and approve the PO.
3. Navigate to India Local Purchasing>Outside Processing>Approve 57F(4) Dispatch, Select PO number from the list and click on 'Create 57F4' button to default components from Bills of Material (BOM).
4. Click on Save button to Generate the Form Number/Challan.
5. Receive material to update Work in Process (WIP) Operations by navigating from Receipt Localized form.
6. On final Receipt of material go to Approve 57F(4) Receipt form and click on 'Approve Receipt' button to complete the transaction.
7. After inspecting, if defect material is found then you can dispatch the same back to the vendor by performing Return to Vendor transaction. Navigate to India Local Purchasing>Receiving>Return to Vendor(India)>New>Find the purchase order, Select India Return to Vendor context in Receiving Transactions DFF , select Generate GST/GST Invoice ='Y' and Save.
8. Navigate to Approve 57F(4) Dispatch and find on Purchase Order number, new record for return quantity will be populated.
9. Click on Approve Dispatch button to save and generate form number.
How to Dispatch Excess Quantity to Outside processing?
Excess Material can be dispatch to Outside processing when 'Allow Dispatch Qty to Exceed Orig Qty' flag in Additional Information is set to 'Y'