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• Ram Kishore is a Business Analyst Manager with Corporate
Applications Group, Yahoo! India.
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• Brief overview of Yahoo
• Service Tax in AP(P2P)
• Service Tax in AR
• Settlement Process
• How we did it?
• Conclusion
• Q&A
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Background:
• Indirect tax imposed on specified services is called "taxable
services”.
• Objective is to gradually increase the list of taxable services
until most services fall within the scope of service tax.
• From 2006-2007, service tax has been increased from 10%
to 12%
• Services sector contributes to more than 50% of GDP.
• When Yahoo! invoices its customers based in India, the
amount is inclusive of service tax.
• Vendors of Yahoo! India also include service tax in their
invoices to Yahoo!.
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Benefits of India Localizations:
• India Localization is completely integrated
with base applications
• Localizations has Tax solution that is critical
to the success of Oracle applications
implementation
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Business challenges:
• Not all invoices originate from Purchase Order.
• Service tax needs to be calculated even on
requisitions created from iProcurement.
• Service tax needs to be calculated even on certain
AP invoices without a PO/Receipt matching.
• Some suppliers even provide service tax only
invoice (invoice amount zero) at a later date for an
earlier invoice.
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Custom solutions:
• Making iProcurement requisition compatible
– DFF in Categories to control Service Tax computation
– Modified the Requisition approval workflow to populate
India Local PO service tax tables with service tax details
once the Requisition gets approved.
– Once converted to PO, it follows the normal Service tax
computation process.
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Custom solution:
• Populate service tax lines also in auto invoice
interface tables.
• Interim liability account is populated in distribution
lines interface for the tax lines.
• Auto invoice creates the invoices in Oracle base
tables without data in India localization tables.
• A post processing custom request is run after each
auto invoice run to populate the service tax data in
India localization tables.
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• Email :
– ranjithb@yahoo-inc.com
– rjakkara@yahoo-inc.com
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