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GST : Export Under Rebate , Issue With Tax Point Basis (Doc ID 2377734.1)

Last updated on MARCH 22, 2018

Applies to:

Oracle Financials for India - Version 12.1 to 12.2.7 [Release 12 to 12.2]
Information in this document applies to any platform.

Symptoms

 Reported issue 
 ------------------

This is regards to creating Tax type which is to be used under Exports under Rebate. Since the tax liability shouldn't be passed to customers the tax is
to be defined as Reverse Charge / Self assessed.
Now, by Default the TPB comes as Invoice for Reverse Charge /Self Assessed taxes.

 
Problem because of this
--------------------------
If the TPB is defaulted as Invoice where will not be any hit for accounting on delivery.

Steps for replication
-----------------------

1. Raise a OM order with self assessed taxes checked.
2. For the same , ensure that TPB is updated to delivery from back end in the tax type table.
3. Book , pick release , ship confirm
4. As it is set to Invoice in step 2 , below accounting didn't generated.
5. Ideal accounting Entry for IGST tax entry

Debit -- IGST Expense Account

Credit -- IGST Liability

5. Though for AR invoice taxes appear in the tools - India tax details

under the distributions you will NOT have any Tax line.

Hence tax is not charged to customer .

In short there is no accounting for AR invoice.


Expected Behavior
---------------------
Hence , system should either allow a mapping for exports to account Sales order at delivery .

 

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution

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