How to setup Item Classification under GST Regime

This tutorial will help you in classifying items under GST regime which is mandatory setup as per GST norms

Switch to Oracle Financials for India Responsibility

Navigate Item Definition-->Define Item Classification

Select the Open button

Enter the operating unit as per requirement

Select the New button

Enter organization and Item details

Note- Item Classification needs to be configured very carefully as per business requirement

Enter the Tax Regime name and other details as per business requirement

Select the Save option 

Note - As per business requirement the Recoverable flag can be set to Either Yes or No