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GST : Reverse Charge tax Liability not appearing in GST Settlement (Doc ID 2486747.1)

Last updated on APRIL 05, 2020

Applies to:

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


Reported Issue
When transacting AP invoice with Reverse charge taxes, find that that RCM taxes are not hitting the liability at the settlement form.
i.e. these RCM tax entries should be reflecting under the "Tax Payable" field in the GST Settlement form, but they are not appearing.
Hence,  we can say that the liability is not getting hit.

Expected Behavior 
On transacting AP invoice with RCM taxes, this reverse charge tax entry should hit the liability.

Steps for replication
1. Raise an AP invoice with RCM recoverable taxes. Validate. Run the India - Period End process concurrent.
2. Either take an Input tax credit or forgo ITC.
3. On navigating to Settlement form find that these RCM taxes are not adding up to the Tax payable field.


Business Impact
Due to this issue, in case of Reverse charge transaction the liability is not getting hit resulting in arriving at incorrect liability / tax payable amounts.




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