Oracle India Localization Interview Questions & Answers – Part II

Oracle SCM Functional Interview Questions & Answers – India Localization – Part II

User has made a receipt with excise & VAT and forgotten to claim them. What will be the solution to claim both excise & VAT?

User can claim excise by going thru “Claim MODVAT on Receipt” form. VAT claim entry form is available for claiming VAT.

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India Local Purchasing Responsibility > India Localization > India TCS/VAT/Service Tax > Transaction >         VAT Tax Claim.

Reasons for blank fields in the VAT claim form?

Below may be the Reasons for blank fields:

a. MODVAT & recoverable Flag are not enabled

b. Supplier additional information not defined with site

c. In item classification, defined as finished goods instead of raw material

d. In regime registration the inventory organization is not defined

e. Tax type selected as VAT instead of Value Added Tax

Can the excise & VAT taxes selected in payable invoice?

VAT can be selected but Excise taxes cannot be selected in payable invoice.

Is there localization for payable invoice?

No.

Is it possible to make partial claim for VAT & excise, how?

Yes. Partial claim is possible. Partial claim can be performed through

“VAT – Claim Terms Definition form”

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India Local Purchasing Responsibility > India Localization > India TCS/VAT/Service Tax > Setup > VAT > VAT – Claim Terms Definition

What will be the accounting entry for the TDS invoices? What will be the payment accounting entries for the TDS invoices?

From where the Tax authority name & the TDS account is taken for the tax authority invoice?

Tax account and Tax authority information can be retrieved from Tax Form.

Why the credit percentage is not given for TDS tax?  What is the difference between single & cumulative threshold type?

TDS is not recoverable tax. Hence credit percentage cannot be defined.

Threshold types:

Single: Applicable to a single transaction.

Cumulative: In this case TDS is applicable only when the cumulative purchases made from the supplier in one financial year exceeds the specified limit.

What are the concurrent used to generate the TDS certificate?

Concurrent used to generate the TDS Certificate are:

Claim VAT button in the PO receipt is greyed out. What is the solution to enable this?

User would have selected VAT instead of Value Added Tax in the tax type creation.

Is Excise invoice generation mandatory in India Localization?

Yes, it is mandatory

Is document sequencing is mandatory for VAT?

Yes, it is mandatory

When the shipment of FG over, does it affect PLA Register or RG23A register?

System will search in RG23A register first. In organization additional information sequence is defined so that it looks into the sequence which is set.

What is the difference between CENVAT Flag and Excise Flag while defining item?

CENVAT Flag is for PO while Excise Flag is for Sales.

For a shipment the excise invoice number is not generated. What could be the reason for this?

The following could be the reasons

1. Customer additional information (check for without site & with site)

2. We have not defined order types where we define the excise invoice number generation

3. Bond register

4. Bonded sub-inventory

5. Organization additional information

What is Regime Registration? Why we are not able to select Inventory Organization in Regime Registration?

It used to define rules applicable to all taxes assigned to it. We need to complete this setup           before we move ahead with other setups.

Reference: Collected from various web sources.

Please do refer below links for Oracle SCM Functional interview questions & Answers on India Localization.

http://learnoraclecsbscm.blogspot.in/2015/09/oracle-india-localization-interview.html