GST Implementation Setup / Information on Reports

Reporting under Indian GST regime and EBS-Oracle Financials for India To
Solution Offering (Doc ID 2232768.1) Bottom

APPLIES TO:

Oracle Financials for Asia/Pacific

Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.

MAIN CONTENT

The Draft GST Model law and reporting formats published by Central Board of Excise and
Customs in November 2016 provides a broad overview of the regulatory reporting
requirements under the proposed GST regime. Though the details of the reporting
requirements are not yet finalized, government through the model reporting formats and
other collaterals have given a clear direction in which the reporting solution need to be
evolved.

Appended below is the list of reports identified for GST reporting. The list below is
provisional which is subject to modifications when the final law is published.

Sl.No Report Name Report Description

1 Form GSTR-1 Details of outward supplies of taxable goods and/or services effected

2 Form GSTR-1A Details of outward supplies as added, corrected or deleted by the recip

3 Form GSTR-2 Details of inward supplies of taxable goods and/or services claiming inp
credit

4 Form GSTR-2A Details of inward supplies made available to the recipient based on FO
GSTR-1 furnished by the supplier

5 Form GSTR-3 Monthly return based on finalization of details of outward supplies and
supplies along with the payment of amount of tax
6 Form GSTR-3A Notice to a registered taxable person who fails to furnish return under
27 and section 31

7 Form GSTR-4 Quarterly Return for compounding Taxable persons

8 Form GSTR-4A Details of inward supplies made available to the recipient registered un
composition scheme based on FORM GSTR-1 furnished by the supplier

9 Form GSTR-5 Return for Non-Resident foreign taxable person

10 Form GSTR-6 ISD return

11 Form GSTR-6A Details of inward supplies made available to the ISD recipient based on
GSTR-1 furnished by the supplier

12 Form GSTR-7 Return for authorities deducting tax at source

13 Form GSTR-7A TDS Certificate

14 Form GST-ITC-1 Communication of acceptance, discrepancy or duplication of input tax

claim

15 Form GSTR-8 Details of supplies effected through e-commerce operator and the amo
tax collected as required under sub-section (1) of section 43C

16 Form GSTR-9 Annual return

17 Form GSTR-9A Simplified Annual return by Compounding taxable persons registered u

section 8

18 Form GSTR-9B Reconciliation Statement

19 Form GSTR-10 Final return

20 Form GSTR-11 Details of inward supplies to be furnished by a person having UIN

It may be noted that all the above returns are not applicable for every tax payer. The
reporting requirements and forms will depend on the nature of GST registration of an
individual tax payer.

Under GST regime all the relevant returns applicable for a given tax payer must be
submitted electronically following the reporting procedures prescribed by GSTN (Goods and
Service Tax Network), which is the organization responsible for the development and
management of the government IT infrastructure for the GST regime.

It is expected that GSTN will publish the prescribed electronic reporting procedure in public
domain at an appropriate time. It is expected that GSTN will provide different options for the
electronic submission, which includes report submission directly to the portal for small
organizations with limited reporting content and through appointed agencies commonly
called GSP (GST Suvidha Provider) who are an integral part of the GST eco system for larger
organizations who have high volume of reporting content.

Tax payers are required to follow the prescribed procedure by GSTN for the electronic
submission of returns which includes the need to sign the returns electronically and
structuring the report in a specified format which can be directly consumed by GSTN through
pre-defined APIs. The pre-defined structure of a report that can be directly transmitted to
GSTN using the GSP infrastructure is called an ASP compliant electronic reporting output.
The procedure for converting the reporting content to an ASP compliant report output should
be processed through an ASP solution vendor or by using the value-added services offered
by a selected GSP. A GSP can only transmit an ASP compliant report output to the GSTN
portal.

Oracle Financials for India reporting solution offering:

Oracle Financials for India (OFI) solution will support our customers by providing the
reporting content GSTR1, GSTR2 and GSTR 3 returns only. Customers are required to use
the reporting content generated from OFI solution as an input to an Application Service
Provider (ASP) or to a GST Suvidha Provider (GSP) for converting the reporting content to an
ASP compliant return output which can be electronically transmitted to the GSTN portal
through a GSP using their pass-through API infrastructure.

On top of the reporting content for GSTR 1, GSTR 2 and GSTR 3 reporting content generated
from OFI solution, customers will have to subscribe the value-added services of an ASP or a
GSP of their choice for a commercial consideration.

The OFI solution will not support directly the reporting content for other GST returns. The
reporting content is required to be extracted from relevant tax and transaction repositories
through a customized solution or by using any re-usable assets provided by implementation
partners or system integrators.

Reporting content developed by customer could also be processed in a similar way they
consume the reporting content for GSTR 1, GSTR2 and GSTR 3 supported by OFI using it as
an input for an ASP or to GSP to convert it to an ASP compliant report and proceed with
electronic filing using the services of a GSP.

REFERENCES

NOTE:2170500.1 - Oracle E-Business Suite Release 12: India Goods and Service Tax (GST),
August 2016
NOTE:2176820.1 - E-Business Suite Release 12: India Goods and Service Tax (GST) Info
Center
NOTE:871204.1 - E-Business Suite Financials Legislative Updates Center
NOTE:973912.1 - E-Business Suite Globalization Center

Pre-requisites Setups

Responsibility ------ > Accounts Receivables

1) As a Pre-requisite the below setup needs to be performed manually in

Accounts Receivables

Create Transaction Source OFI TAX IMPORT

2) Line Transaction Flex field is created as below
3) Run Auto Invoice program with source as OFI Tax IMPORT
4) View imported taxes in Tools India Tax details