E-Business Suite Release 12: Oracle Financials for India (OFI) Information Center
(Doc ID 2640446.1)
Last updated on MARCH 12, 2021
Oracle Financials for India (OFI) (India Localization) is a compliance enabling product and meets requirements related to defaulting, calculation, accounting and reporting of taxes levied under direct and indirect taxes.
Before GST OFI has supported below indirect tax regimes:
Sales tax / Value Added Tax,
Tax collected at source.
However post enactment of GST the above regimes are subsumed with Goods & Service Tax (GST) Regime.
With respect to Tax Deducted at Source the functionality remains same but there is architecture change post GST enablement patches.
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