Reverse Charge Accounting Entries for Cancellation is Not Generated or Knocked off During Accounting (Doc ID 2062854.1)

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, Service Tax Setups - General

ACTUAL BEHAVIOR
---------------
SRCM Liability Accounting not getting reversed at the time of invoice cancellation.

Accounting at the time expiry of RCM period:
Service Tax Interim Liability Account Debit
Service Tax Liability Account Credit

The above should be reversed at the time of cancellation which is not happening

EXPECTED BEHAVIOR
-----------------------
Accounting should be reversed

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Create invoice. Validate and account.
2. Run Service tax processing to generate RCM Liability Accounting
3. Cancel the invoice
4. Run again Service tax processing
5. Check the Accounting in GL

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot have correct accounting

Cause

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