Query on Tax Inclusive Prices in BRM
Last updated on FEBRUARY 07, 2018
Applies to:Oracle Communications Billing and Revenue Management - Version 126.96.36.199.0 and later
Information in this document applies to any platform.
On : 188.8.131.52.0 version, Taxation
The user needs to support the tax inclusive pricing as a regulatory requirement. As of today, the pricing is tax exclusive, and BRM calculates real time tax via a call to Vertex. The tax is recorded as a separate balance impact in the charged event and accordingly reported in the invoice and GL.
The new country's requirement is that customers will be presented a tax inclusive price for the offerings. However, rest of the functionality (reporting of tax in the invoice and GL) must remain as is. E.g. if a product is configured to charge 11$ (tax inclusive), user should have capability of breaking this into pre-tax (10$) and tax (1$) assuming the 10% tax rate. The breakup of net amount to pre-tax and tax amounts will be provided by GST/Vertex. However, user needs the capability in BRM to record these impacts post the breakup.
Please suggest if BRM supports this capability. If not, is there any road-map to support this in future? Please also help with your suggestion on how to customize BRM to support this (if possible at all)?
Sign In with your My Oracle Support account
Don't have a My Oracle Support account? Click to get started
Million Knowledge Articles and hundreds of Community platforms