Oracle India GST Interview Questions

1. Why the "Tax Regime Name" field in Define Document Sequencing form is not showing value of Regime in List of Value (LOV)?

The LOV Value query is based on the description of Regime defined in the Define Regime form. So in case if the description is not provided then the LOV will not show any value.

 

2. Why the tax calender defined in General Ledger in not appearing in List of Values in Define Regime Form?

The LOV query is hard coded to check the start date as 01-APR and end Date as 31-MAR, so if user define start and end date different then above then it will not show in List of Value. IRISO

 

3. Inventory Organization not showing in the Accounts tab of Tax Type Definition .Why?

Please make sure the Security Profile Option that has been set has proper access to the Organizations and also make sure the Profile "GL Ledger Name" is correctly setup

 

4. How to Define Intended Use?

Please perform the following to define intended use:
1. Navigate to Oracle Financials for India Responsibility
2. Asia/Pacific Look up > Query for JAI_INTENDED_USE
3. Add a lookup that will be used for recovering the Tax (Currently we use the terminology as MODVAT Claim)
4. While creating Receipt or AP invoice please select "Intended use"
5. Retest the issue

 

5. We have created GST regime and assigned one registration number for Operating unit and trying to assign one more GST registration number and system is giving error "Tax Regime Name can not be duplicated". Please clarify.

Following is the clarification:

1. Per functionality, One Regime can have only one Primary Registration Name value.
2. For example, the GST Regime can have the GST Registration number as the Primary value, the TDS Regime can have the TAN# as the primary value.
3. If the you want to store additional attributes for the first party, you can use the 'Reporting Codes' feature. Alternately, you can add the PAN# value in the Secondary Registration name value.

 

6. System is not allowing to attach two different reporting code values for the same Reporting Type Name in GST Regime definition form. Please clarify.

Following is the clarification:

1. Per functionality, user can have only one default value at the Regime/Third party setups.
2. E.g. The third party is a service provider of services belonging to SAC Code xxxxxxx.
3. During the transaction flow, if the services offered are other than default services, then he can select the value at the transaction level for tracking the required value.

 

7.Getting the following error message when trying to configure the Third Party Registration Setup with more than one Primary Registration value setup:
"Tax Regime name cannot be duplicated". How to resolve this issue?

It is the intended functionality. One Tax Regime can have ONLY one Primary Registration name value.  e.g. GST can have only GST Registration No.as the primary registration. no.

 

8.Can Common Configuration setup be performed at Inventory Organization level?

Common Configuration setup needs to be done at Operating Unit Level and not Inventory Organization level

 

9.For Non-Recoverable Tax is it required to create new Tax Type or just create a new tax rate by selecting existing Tax Type and make recoverable percentage to "0"?

The present GST architecture is completely user configurable and its up to the business to decide whether they need a new tax type or use existing tax type and just create a new tax rate with percentage as 0.

 

10. When common configuration is to be set at Operating unit level then why in Organization Type List of values "Inventory Organization" is allowed to be selected?

The form is showing Inventory Organization because the form is also used for Outside Processing setups. These setups need to be performed at Inventory Organization level only. The Tax Defaultation method has to be at Operating unit level.

 

11. Why the India Tax Details form is not showing Any Data when navigated using Tools => India Tax Details? 

Make sure that "Post Upgrade Steps" from the [Doc Id 1590646.1] are performed. You can validate the Licensing & JAI Events Setup by generating LOCSTATUS [Dod ID 1542754.1]

 

12. GST Registration Number not available in First/Third Party Registration Form. How to Resolve this?

You can add GST Registration number look up in Asia/Pacific Look form under "JAI_REGISTRATION_TYPES". Post adding in this look up it will be available in First/Third Party registration. You can define below value in lookup:

Code: GSTIN
Meaning: GST Registration Number
Description: GST Registration Number
Start date: Sysdate

 

13. Getting the following error message when trying to create the first party registration for the Inventory Organization:"JAI_PARTY_REGIME_LVL_DUP".

Setup used:
One Operating Unit(OU) and 2 Inventory Organizations(IOs) under this OU.
Defined First Party registration for the OU.
Getting the error message when trying to define the first party registration for the IO.
Please advise.

Per functionality, the first party registration setup can be done either at OU level or IO. But not both. In your case, as you have already defined the setup for the OU, system is not allowing to define at the IO level which is the intended functionality. From a testing(OFI-GST-EAP) perspective, you can configure the IO of another OU and start testing.

 

14. Are there any API/Interface to load Third party Registrations & Item Classification?

Per functionality there are not API/Interface provided to upload the Third party registrations and item classifications. Customers are recommended to customize this.

 

15. What will be the prefix for GST data base objects?

The Data base objects prefix will remain JAI% i.e. same as in Oracle Financials for India. There is no change in this.

 

16. Interim Recovery and Recovery Accounts are Greyed out..Why?

The Interim recovery and Recovery account fields will be enabled only if the
Recoverable flag is checked in the Details tab of Tax Type Setup

 

17. Recovery Rate is greyed out in Tax rates Screen.Why?

Recovery rate will be enabled only if the tax type code picked
has recoverable flag checked in the Details tab of Tax Type Setup

 

18. What is the use of Tariff Code and Tariff Number in Item Classification form?

Tariff code and number is not relevant for GST. This is useful for customer who still will be using Excise regime e.g. petroleum industry

 

19.How to Import GST Entries to General Ledger.Is there any concurrent?

There is no concurrent specific to GST.The entries will get created in GL_INTERFACE with Source as "Financials India"

From General Ledger Please use Journal Import Screen to import these entries to GL.Pick the Source as "Financials India"

 

20.How to create Adhoc taxes in GST?

While creating Tax Rate,pick the Tax Rate Type vale as "Adhoc Amount" in the List Of Values

 

21.Is there any API for performing Item Classification as there are lot of items to be classified?

API is not available.But the user can make use of Item Templates.Item classification can be done in two ways

a) User can set the item attributes manually (OR)
b) Create a Template with item attributes and then assign the same to the item

 

22. End Dated Reporting code in Third party registration form is still appearing in Tax Rules List Of Values.Why?

Though the reporting code is end dated in third party registration for one third party,the same reporting code can be used for different third party.System will check the date effectivity only if the reporting code is end dated in
the reporting type definition UI.

 

23. After application of GST Patch will the existing India Localization details be deleted?

No,The details will not be deleted but the forms will be in read only mode

 

24.Does India - Open Transactions Report for Prior-GST (XML Publisher) retrieve the records that doesn't have India Localization taxes but has E-Business taxes?

The report will fetch data only if India Localization taxes are present
The report will not capture data with respect to transactions that are open with EB Tax