Attempt To Run CIS 2007 Monthly Return: Report Output Shows Wrong Figures For Invoice With Retention And Discount
(Doc ID 1508469.1)
Last updated on FEBRUARY 03, 2019
Oracle Public Sector Financials (International) - Version 12.1.1 and later Information in this document applies to any platform.
ConcurrentProgram:IGIPGMTH - IGI : CIS2007 Generate Monthly Returns Process
You enter a Payables invoice showing Retention and Discount like: Withholding Tax Group is CIS Net (20% deduction rate) 1% Discount Labor: 80.00 Material: 60.00
You pay it
You navigate to the Monthly Returns page
You submit the Monthly Return
You review the Monthly Return output. It shows: Total Payments: 127.67 Materials: 57.00 Taxable Amount: 72.00 Tax Deducted: 14.28
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