Overview of Managing Goods and Services Tax Compliance in Oracle ERP Cloud

A goods and services tax (GST) is a type of general consumption tax that is imposed and collected incrementally on transactions. GST is based on an increase in value of a product or service at each stage of production or distribution.

In many countries, GST is usually implemented as a destination-based tax. This means that the tax rate depends on one these conditions:

• The location of the end customer.

• The location to which goods are shipped.

• The location at which services are rendered.

For information on how to manage the fundamental global GST compliance in Oracle ERP Cloud, see the related topics.