Currency Conversion Rate is not defined Error when creating Receipt with TCS Taxes and INR currency (Doc ID 1956821.1)

Last updated on JUNE 15, 2016

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, India AR Localization .

Reported Issue
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When creating receipt with TCS Taxes facing error .

ERROR
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Err:ORA-20120: Currency Conversion Rate Not Defined In The System .

STEPS
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The issue can be reproduced at will with the following steps:
Create a AR Receipt with TCS taxes and when entering details and saving
it is throwing error.

BUSINESS IMPACT
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The issue has the following business impact:
Due to this issue, users cannot raise receipt with TCS taxes.

Cause

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