VAT Settlement Is Not Considering The Previous Settlement Of Entry Tax Amount (Doc ID 2116819.1)

Last updated on MARCH 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, Value Added Tax - P2P

ACTUAL BEHAVIOR
---------------
VAT Settlement is not considering the deducted amount from Entry Tax credit from previous settlement and adding up the
 total credit of previous settlement and current credit and showing up additional amount than what is available.

EXPECTED BEHAVIOR
-----------------------
VAT Settlement should consider the deducted amount from Entry Tax credit from previous settlement and current credit
should show correct value

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1) Go to VAT settlement
2) Check the VAT Settlement

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot do the VAT settlement

Cause

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