SERVICE TAX 14% IS NOT SHOWN IN INDIA - SERVICE TAX REPORT (Doc ID 2041476.1)

Last updated on MARCH 08, 2017

Applies to:

Oracle Financials for India - Version 12.1.3 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.

Symptoms

On : 12.1.3 version, Service Tax Setups - General

ACTUAL BEHAVIOR
---------------
Due to recent change of Service tax % from 12.36 to 14 % , the transactions with 14 % rate are not shown in the India - Service Tax Report.

EXPECTED BEHAVIOR
-----------------------
Service tax report should list the transactions with new changed tax rates.


STEPS TO REPRODUCE
-----------------------
Create a AR invoice.
Attach Service taxes with the revised rate of 14%.
Pay & Account the invoice.
Run the India - Service Tax processing.
Check the report India - Service tax report.
Entries for the 14 % tax rate are not showing in.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot view the service tax entries as per the revised.

Cause

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