GST: Tax conversion rate is getting truncated to 2 decimal place in India - Tax Details Form (Doc ID 2306476.1)

Last updated on SEPTEMBER 12, 2017

Applies to:

Oracle Financials for India - Version 12.2.6 to 12.2.7 [Release 12.2]
Information in this document applies to any platform.

Symptoms

PROBLEM STATEMENT
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ACTUAL BEHAVIOR
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After applying RUP9 observed that  issue with the "Tax Conversion Rate" where ,
the system is truncating the "Tax Conversion Rate" to 2 places after the decimal.

Example
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Created an export sales order with User defined "Tax Conversion Rate" =0.571.
But in India Tax Details, system is using Tax Conversion Rate = 0.57.
Due to this issue, there is 165 Rupee gap (less) in the Tax amount. This equates to $2.57 US dollars.
This difference is on just 1 line of 1 order. Adding all lines from all orders will make the difference in the Tax huge.

EXPECTED BEHAVIOR
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System should use all 3 digits to the right of decimal of the "Tax Conversion Rate"

For the sample order, system should use Tax Conversion Rate of 0.571, not just 0.57.
The Tax should be 94690.59, not 94524.76 as calculated.

This worked as expected before RUP9 was applied

Cause

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