GST AND GST TABLES IN ORACLE APPS

What is GST ?
Goods and service tax is an indirect tax throughout India to replace taxes levied by the central and state governments.
when goods and service taxes implemented, there will be three kinds of applicable goods and services taxes.
  • CGST Where the revenue will be collected by the central government.
  • SGST Where the revenue will be collected by the state government for intra-state sales.
  • IGST Where the revenue will be collected by the central government for intra-state sales.
Below is the comparison between new and old taxes regime

TRANSACTION                NEW REGIME                  OLD REGIME                         COMMENTS
Sale within  state                 CGST+SGST                     VAT+central excise/service       revenue will
                                                                                         tax                                             be shared
                                                                                                                                           between
                                                                                                                                           central and
                                                                                                                                           state
Sale to another state             IGST                                  central sale tax+excise/              there will
                                                                                        service tax                                  only be one
                                                                                                                                            type of tax
                                                                                                                                            now in case
                                                                                                                                            of intra-state
                                                                                                                                            sales   
  • GST TABLES
       JAI_PO_TAXES
       JAI_TAX_LINES
       JAI_PO_LINE_LOCATION
       JAI_TAX_RATES
       JAI_PARTY_REGS
       JAI_REPORTING_ASSOCIATIONS 

                                                                                                                                         

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