India GST in PeopleSoft Receivables

To operate in India, an organization must register with various tax authorities and obtain permits that identify registration numbers at various stages of the business cycle and by different parties such as federal and state governments. The India Goods and Services Tax (GST) law subsumes many of the earlier taxes into itself and provides for different registration, accounting, and reporting requirements. PeopleSoft support for India GST integrates across these products:

  • Global Components

  • Accounts Payable

  • Accounts Receivable

  • Billing

  • Purchasing

  • Order Management

  • Inventory

For more information about India GST, see the Global Components and product-specific documentation. For setting up cross-application installation options, see Installation Options - Overall Page.

These integration prerequisites must be implemented:

  • Select the AR Creates GL Acct Entries (AR creates GL accounting entries) option for the GL Level on the Billing – Integration Options page.

    Note: When you select this option, PeopleSoft Receivables still creates GST entries for advance payments.

  • Select the Bill Line is AR Open Item option for the AR Level on the Billing – Integration Options page.

For more information, see Billing - Integration Options Page.