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Hi All,

I want to know the importance of the TAX METHOD in the system option of receivable module. How the tax method effect in calculation tax and what is the difference in SALES TAX and VAT (2 options available in 11i) and how each method will effect the tax calculation. Based on what parameters of business should we choose TAX METHOD.


Regards,
Shashi.

The below link should help you in understanding the importance and way of Tax Calculation.

http://download-uk.oracle.com/docs/cd/A ... x-lines--0