India Localization Vat Accounting Not Reversed For RTV Transactions (Doc ID 2256055.1)

Last updated on APRIL 18, 2017

Applies to:

Oracle Financials for India - Version 12.1.1 to 12.1.1 [Release 12.1]
Information in this document applies to any platform.

Symptoms

On : 12.1.1 version, Value Added Tax - P2P

ACTUAL BEHAVIOR
---------------
Vat Accounting not reversed at RTV Transactions


EXPECTED BEHAVIOR
-----------------------
Vat Accounting expected to be reversed at RTV Transactions

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
Issue is observed for all transactions where receipts are created with VAT taxes and on performing
and RTV / RTS the entries are not reversed.

BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot account correctly.

Cause

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