R12:JAI: How to Create Multiple TDS Regimes for a Single OU to Use Different TDS Authority?
(Doc ID 2304280.1)
Last updated on AUGUST 18, 2020
Applies to:Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.
In the old IL tax regime for TDS, created different supplier based on the different section code of TDS.
Based on supplier site the users were getting the liability account code combination.
Now in GST regime for TDS there is only one tax regime and only one supplier and site can be assign.
How to get TDS liability account wise based on section code for TDS payments using India GST?
Is it possible to use multiple TDS regimes for a single OU since the users need to use different TDS Authority?
Workaround: Pay-group to be used to facilitate TDS payment.
Not feasible, it does not satisfy the user.
While using one TDS Authority TDS deduction payable goes to single GL code.
In this case there is no tracking of TDS deduction based on section code basis in GL (Trial Balance).
The users are unable to provide the data to statutory audit or other external audit.
Also, it is very difficult to reconcile from the whole data.
For different TDS authority the users will assigned different gl code based on TDS section as in old regime.
The old solution is also easy to
To view full details, sign in with your My Oracle Support account.
Don't have a My Oracle Support account? Click to get started!
In this Document