R12_GST: Non-RCM Functionality For Advances To Registered Suppliers

(Doc ID 2278559.1)

Last updated on SEPTEMBER 08, 2017

Applies to:

Oracle Financials for India - Version 12.2.4 and later
Oracle E-Business Tax - Version 12.2.4 and later
Information in this document applies to any platform.

Goal

On : 12.2.4 version, GST (Future Use)

OFI-GST- Non-RCM functionality for advances to Registered suppliers

OFI-GST- Non-RCM functionality for advances to Registered suppliers should be available. GST obligation lies with Vendors when they are registered vendors. Only non registered and services that attract RCM GST only need to have RCM GST applied. But current designed functionality is listing only RCM tax categories while trying to apply GST on Prepayment invoice. Like GST payment is responsible by Vendor, we should only pay to vendor and vendor intern will pay to tax authority. at the time of Prepayment application to standard invoice, invoice tax portion should be net off prepayment tax. Please provide more clarification on the intended functionality.

Its design is correct on the AR side, as its companies responsibility to pay RCM GST on the advances received from the customer. why it is same in AP too. by this company will pay tax and vendor too will pay tax (its AR for vendor)?
 

Solution

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