Receoverable VAT Tax Accounting Is Incorrect Incase Of Retroactive Price (Doc ID 1998970.1)

Last updated on MARCH 08, 2017

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 AP Localizations

ACTUAL BEHAVIOR
---------------
Wrong accounting entry for VAT taxes in Retroactive adjustments

STEPS
-----------------------
1)Create the BPA and approve it
 2)Create the release and attach the 100% Recoverable VAT taxes
 4)Create the Receipt against the receipt and claim the VAT online
 5)Re-query the BPA and change the Price
 6) Approve it
 7)Run the "Retroactive Price Update on Purchasing Documents"
 8)Run Concurrent "India Retroactive Tax Update of Receipts"
 9)Verfiy the accounting entry for VAT atxes
 

BUSINESS IMPACT
-------------------------
Unable to use the Retroactive adjustments functionality

Cause

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