Answer Posted / tgs100

United States uses SALES and USE Tax. Taxes are applicable at Federal, state level, county level and city level. In EBusiness Tax, We need to create Regime to Rate setup.
1. Create a Regime - In this case, we can create one regime for US
2. Create Taxes. We can create different taxes for Federal, State, County and City. In this setup, control defaults are defined.
3. Create Jurisdictions for each Tax. For state tax, all the states in US will be jurisdictions.
4. Create Tax status and Tax rates.
5. Create Rules. Here we create the on what conditions, the rates are applicable. Ex. Based on bill to customer, balancing segment, etc
Note: In Oracle Fusion, there is a functionality called "Simulation" which can be used to test the tax setup. Once satisfied, we can enable the tax setup for actual transactions.

what is the steps to customization ?

2393

---

What kind of budgets have you worked on?

2383

---

What do you mean by controlling buyers workload?

10223

---

While assigning the security by book in oracle assets..i am unable ot get the asset org in security profile form.This asset org was already defined in org description window.

2866

---

Explain Customer Creation and Maintenance Process. Provide samples of customer master records with Payment Terms.

3043

---

What are the types of setups in apps inventory module

2454

---

What is Reporting of financial data in a project.

2071

---

difference between 11i&r12

1901

---

Substitute receipts and Unordered Receipts

3345

---

Explain about Localization (IND & US ) in Oracle Apps ?

3177

---

What is gap analysis, what are the pre-requisities?

1254

---

What kind of necessary ap information you gather from the client?

1094

---

Re: what are the Issue that we face in Gl,PO and AP while Supporting

2271

---

What is meaning of deprecation?

1161

---

Hi guys, any person available ap,ar material pls send me this mail.id sreenathapps09@gmail.com

1918

---