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 SEPTEMBER 27, 2017

Applies to:

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

Symptoms

  1. 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
  2. You pay it
  3. You navigate to the Monthly Returns page
  4. You submit the Monthly Return
  5. You review the Monthly Return output. It shows:
    Total Payments: 127.67
    Materials:            57.00
    Taxable Amount: 72.00
    Tax Deducted:     14.28


Cause

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