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Assessable Value Getting Multiplied By Currency Conversion Rate In Purchase Order India Tax Details Form Although Price List Currency Is INR (Doc ID 2411562.1)

Last updated on JUNE 14, 2018

Applies to:

Oracle Financials for India - Version 12.1 and later
Information in this document applies to any platform.

Symptoms

GST Purchasing

ACTUAL BEHAVIOR
---------------
When user is creating foreign currency PO and that item is having price list in INR, then assessable value is getting multiplied with foreign currency rate in India Tax Details form although functional currency of the operating unit is INR.

Example
========

item price list value==> 100 INR
PO Currency ==> 65
assessable value is showing as 6500 whereas it should remain as 100 INR only.

EXPECTED BEHAVIOR
-----------------------
assessable value should not be modified.

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. create PO with foreign currency.
2. check assessable value in India Tax Details form.


BUSINESS IMPACT
-----------------------
The issue has the following business impact:
Due to this issue, users cannot maintain statutory compliance.

Changes

 

Cause

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