Good video. Easy to understand. Can't wait for the other EBS Tax videos to drop. In the future can you do a video on mass upload of asset through webadi or other means
Very GOod Video.. If you could post a video on the concept of Tax Regime, Tax Jurisdiction and Tax status, it would be so helpful for beginners like me.
Hello Sir.. I was looking for complete E-Business Tax set-up from Regime to Rate. Do you have any videos posted. Your videos are easy to understand. The flow is clear. Request your to post something exclusive on EBTax... Thanks for posting wonderful material on Oracle.
Hi Rajesh, please follow the below playlist where i started uploading all EBS financial modules videos which includes Ebtax... As of now, videos of GL are being uploaded... Soon, Ebtax videos will also be uploaded th-cam.com/play/PLbKu5Q6CEldqxvnZ1jtEuv2ALORYCNZ63.html
@@OracleEbizandFusionVideos Thank you very much for your response. Please let me know when you upload EBTax videos. Meanwhile I will go through other videos for R12 & Fusion.
The Result field where we specified value as "Not Applicable". What are all the possible values we can have. Is this field used only for exemptions. Please help in understanding
How to achieve tax exempt using other methods like for example if I’m creating tax rate as exempt then what would be process could you please explain in 3 or 4 steps as you explained here for transaction type ...
Please refer my below playlist where i started uploading all Financial training videos which includes Ebtax as well.. After few weeks, you can see entire Ebtax related videos in this playlist:- th-cam.com/play/PLbKu5Q6CEldqxvnZ1jtEuv2ALORYCNZ63.html
@Oracle Ebiz and Fusion Videos Sir, can we use the similar rule to reduce the tax rate based on the transaction date ? As now govt has reduced taxes for few of the business?
Ideally if you have different tax rates, then you need to create corresponding tax rates with appropriate effective dates so that system picks up the appropriate tax rate based on transaction date
sir, how to setup for change basis tax amount? for example amount of sales 100.000, but value of tax amount basis is 80.000 so if tax rate =10% then value of tax become 10% X 8000 NOT 10% x 100.000.
I have a tax rate of 15% but for one particular transaction type I want to calculate on 5% I created all steps that you have shown on the video but still, the system takes 15% what could be the problem?
Dear i need one thing. I have one AR invoice. In that invoice i put 5% vat by mistake. Invoice is completed and accounted. Now i want to change tax from 5% to 15%. Please can you tell how i can do. or any related video. Please help me in this regard
If your question is related to the accounting entry of the AR invoice which is explained in the video then, the entry would be:- Receivable A/c Dr Revenue A/c Cr
@@OracleEbizandFusionVideos thanks Aravind, would like to know is there any accounting for the tax that has exempt for the transaction type intercompany.
Hi i want give separate tax liability account for particular transaction type.Do not want default Tax liability account which we setup in Tax tab.Any idea how this possible
i have one transaction and create receipt in this i paid 15% tax and period is closed. now i want to adjust tax 5% for that transaction. what i have to do...
i created one transaction with 15% tax created receipt and closed period also. Now i get assumption so i want to change tax from 15% to 5% for that transaction. what i have to do
If you have already received entire amount from the customer (including 15% tax) and now if you have realized that the tax should have been only 5% instead of 15%, one option which i can think of is to create a Credit memo for an amount equivalent to 10% tax (i.e. 15% -5%) and offset this credit memo against future invoices.
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Sir you are king of oracle finance😃you have been great help to me. Thanku so much..
Thanks for the feedback
Great brother...It help me a lot
Happy to help
Good video. Easy to understand. Can't wait for the other EBS Tax videos to drop. In the future can you do a video on mass upload of asset through webadi or other means
Sure, i will make a note and try to make a video on FA asset upload through Web ADI
Based on your request, created a video on FA Asset upload process through Web ADI:-
th-cam.com/video/E-tauEHebT4/w-d-xo.html
Excellent Video. Request you to post more such videos on EBS Tax
Sure
Thanks Arvind 👍
Welcome!
Hi, your videos are verymuch helpful.
Could you provide a video on Offset Tax (EBS R12).
Your posts have been really helpful sir ..I hope you post some more videos related to basic EBTAX set ups in future
Sure and thanks for your feedback
Very GOod Video.. If you could post a video on the concept of Tax Regime, Tax Jurisdiction and Tax status, it would be so helpful for beginners like me.
Sure... Stay tuned to my channel.... I will try to post the same in my future videos
Hello Sir.. I was looking for complete E-Business Tax set-up from Regime to Rate. Do you have any videos posted. Your videos are easy to understand. The flow is clear. Request your to post something exclusive on EBTax... Thanks for posting wonderful material on Oracle.
Hi Rajesh, please follow the below playlist where i started uploading all EBS financial modules videos which includes Ebtax... As of now, videos of GL are being uploaded... Soon, Ebtax videos will also be uploaded
th-cam.com/play/PLbKu5Q6CEldqxvnZ1jtEuv2ALORYCNZ63.html
@@OracleEbizandFusionVideos Thank you very much for your response. Please let me know when you upload EBTax videos. Meanwhile I will go through other videos for R12 & Fusion.
Sure
The Result field where we specified value as "Not Applicable". What are all the possible values we can have. Is this field used only for exemptions. Please help in understanding
Appreciate. Can we use any DFF attribute values in the rule?
How to achieve tax exempt using other methods like for example if I’m creating tax rate as exempt then what would be process could you please explain in 3 or 4 steps as you explained here for transaction type ...
Sure, i will cover that in my next video
Thank you very much bro ...
Good video, share some more video for eBTax setup..
Sure. Stay tuned to my channel
Dear Arvind. Appreciate if you could share more videos on EBtax
Could you please make more videos on EB Tax.
Please refer my below playlist where i started uploading all Financial training videos which includes Ebtax as well.. After few weeks, you can see entire Ebtax related videos in this playlist:-
th-cam.com/play/PLbKu5Q6CEldqxvnZ1jtEuv2ALORYCNZ63.html
Sir, it's an awesome video. Can you please create EBTAX tutorial related to Advance Setup options
Sure
@Oracle Ebiz and Fusion Videos Sir, can we use the similar rule to reduce the tax rate based on the transaction date ? As now govt has reduced taxes for few of the business?
Ideally if you have different tax rates, then you need to create corresponding tax rates with appropriate effective dates so that system picks up the appropriate tax rate based on transaction date
sir, how to setup for change basis tax amount? for example amount of sales 100.000, but value of tax amount basis is 80.000 so if tax rate =10% then value of tax become 10% X 8000 NOT 10% x 100.000.
I want to configure reverse charge tax for UAE. How can I achieve the same????
I have a tax rate of 15% but for one particular transaction type I want to calculate on 5% I created all steps that you have shown on the video but still, the system takes 15% what could be the problem?
Recheck the setups... You can check in tax simulator to find out the criteria used by system to generate 15%
Dear i need one thing. I have one AR invoice. In that invoice i put 5% vat by mistake. Invoice is completed and accounted. Now i want to change tax from 5% to 15%. Please can you tell how i can do. or any related video. Please help me in this regard
Only option which i can think is to create a credit memo to knock off the AR invoice and create a fresh AR invoice with correct tax %
Pls do Fusion video sir..
Sure
Sir what the use of required option in tax determination set?
what would be the accounting entry for this?
If your question is related to the accounting entry of the AR invoice which is explained in the video then, the entry would be:-
Receivable A/c Dr
Revenue A/c Cr
@@OracleEbizandFusionVideos thanks Aravind, would like to know is there any accounting for the tax that has exempt for the transaction type intercompany.
As tax is exempt, no tax lines are generated and hence no accounting entry for tax
@@OracleEbizandFusionVideos Thank you Aravind.
Can you upload the video of entire e-business tax
Ping me on my Facebook page
Hi i want give separate tax liability account for particular transaction type.Do not want default Tax liability account which we setup in Tax tab.Any idea how this possible
Do you mean you want to give separate Tax account (which is your output tax) for specific AR Transaction type?
i have one transaction and create receipt in this i paid 15% tax and period is closed. now i want to adjust tax 5% for that transaction. what i have to do...
Sorry, your question is not clear... What do you mean by adjust 5% for that transaction
i created one transaction with 15% tax created receipt and closed period also.
Now i get assumption so i want to change tax from 15% to 5% for that transaction. what i have to do
If you have already received entire amount from the customer (including 15% tax) and now if you have realized that the tax should have been only 5% instead of 15%, one option which i can think of is to create a Credit memo for an amount equivalent to 10% tax (i.e. 15% -5%) and offset this credit memo against future invoices.
Thanks
videos on cloud finance
I am already thinking about making videos on Oracle Cloud fusion for quite some time. Soon you will see video on this. Stay tuned to my channel
Sir Make some more videos of ebtax related to product inventory linked where tax will populate when there is inventory item..
Sure. I will add this to my long list of topics to be covered :-)
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