Bill of Entry Process after GST Implementation

Bill of Entry Process after GST Implementation:

Item Needs to be assigned as GST & GST customs and recoverable tax to be given as Y

Item Definition -> Define Item Classification

Choose

Item Template

Template Name

Select GST customs and recoverable as Y

And give the reporting code HSN code

Supplier needs to be registered as third party with TIN number

PO Creation :

Responsibility : India Local Purchasing

Navigation : Oracle Purchasing -> Purchase Order

Enter Supplier name,site Ship to & bill to locations

Enter the item details item code,quantity,price

Click on Tools -> India Tax Details

Enter the tax category and intended use.

Save and Click on apply

Creation of Bill Of Entry

Responsibility : Oracle Financials for India

Navigation : Transactions -> Enter Bill of Entry

 Enter the Supplier name, site, organization name, location, BOE type and other details as shown in the above screenshot and Save it.

 BOE number will get generated, note it

Click on lines

Enter the PO number and save it and click on add lines PO item details will appear

The Information related to the PO will get automatically populated.

Close the screen.

Click on Taxes

 Click on apply.

Save it.

The Following concurrent will automatically create Invoice and validate it.

Importing BOE Invoices - Localization (Payables Open Interface Import)

Calling Payables Approval Localization (India - Auto Invoice Approval)

(BOE invoice number will be created by this concurrent as first parameter note it)                                        Ex :  BOE/Invoice/82/351

Payables Approval Localization (Invoice Validation)

Check the invoice and match the amount and make payment.

Accounting Entry for Invoice

Go to BOE screen

Enter the Inventory Organization and location and Click Supplier and query for the BOE number

Click on Tools -> BOE receipt Creation

Enter PO number and find it

The PO  line will get populated and select the PO line, click on tools -> India tax details

Make sure the tax Details are populated correctly.

Select the Confirm Tax Checkbox and Save.

Receipt GL entry

Receive:

Deliver: