REVERSE CHARGE TAX SHOWING WRONGLY IN SERVICE TAX REPOSITORY WINDOW (Doc ID 2119210.1)

Last updated on APRIL 06, 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, Service Tax - P2P

ACTUAL BEHAVIOR
----------------------
Service tax reversal transactions are not showing up in Service tax repository window

EXPECTED BEHAVIOR
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Service tax reversal transactions should show in  Service tax repository window


STEPS
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1) Create invoice with service tax 8% and RCM(Reverse Charge Mechanism) tax 6%.
2) Validate and account the same.
3) Run India Service tax processing concurrent
4) Check repository window and user can find tax amounts(Both normal and RCM)
5) Perform a Service tax reversal
6) Make a payment to that invoice.
7) Run India Service tax processing concurrent
8) Service tax repository window is showing wrong amount.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot able to find correct Service tax Reversal Amount.

Cause

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