GST- How to Configure Setups as Per The Section 17 (5) of GST Act
(Doc ID 2778045.1)
Last updated on MAY 22, 2021
Applies to:Oracle Financials for India - Version 12.1 and later
Information in this document applies to any platform.
As per Section 17 (5) of GST Act, Notwithstanding anything contained in sub-section (1) of section 16 and sub-section (1) of section 18, input tax credit shall not be available in respect of certain transactions. "The major scenarios include the following:
I. Irregular Claim of ITC on Motor Vehicle (Passenger Vehicle)
II. Construction Services.
III. Goods or Services used for Construction of Immovable Property.
IV. Other scenarios.
How to configure claim setups within GST architecture based on this scenario.
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