Last updated on DECEMBER 21, 2016
Applies to:Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.
On : 12.1.3 version, Service Tax - P2P
Reversal of output service tax liability
In case reversal of output tax liability, the service tax amount is being reversed in input service credit account instead of output service tax liability account.
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