Point Of Taxation For Services Taxes And Its Reversal (Doc ID 2130903.1)

Last updated on MAY 13, 2016

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
 ---------------
 Reversal of credit Service tax credit on Non payment after 90 days from GL
 Date
 
 EXPECTED BEHAVIOR
 -----------------------
 Reversal of credit Service tax credit on Non payment after 90 days from
invoice date

 STEPS
 -----------------------
 1) Create AP invoice with invoice date as 10-sep-2015 and gl date as
 10-dec-2015
 2) Attach the service tax
 3) Validate and account the invoice
 4) Run the service tax processing program
 5) Go to service tax reversal screen, invoice not available
  
 BUSINESS IMPACT
-----------------------
 The issue has the following business impact:
 Due to this issue, users cannot do the service tax reversal

Cause

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