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TDS : Transitional TDS tax not getting levied on PO matched invoice when threshold amount is crossed (Doc ID 2520229.1)

Last updated on SEPTEMBER 09, 2019

Applies to:

Oracle Financials for India - Version 12.1.1 to 12.1.3 [Release 12.1]
Information in this document applies to any platform.

Symptoms

When attempting to validate the invoice the following error occurs.

ACTUAL BEHAVIOR
-------------------------------
Transitional TDS tax not getting levied on invoice while threshold amount is crossed

EXPECTED BEHAVIOR
-------------------------------
Transitional TDS tax should be levied on invoice while threshold amount is crossed

STEPS TO REPLICATE
-------------------------------
1. Create PO for supplier who attracts TDS tax
2. Create PO matched invoice
3. On the TDS tax details observed that transition tax rate not defaulted but the higher rate is defaulted.


BUSINESS IMPACT
-------------------------------
The issue has the following business impact:
Due to this issue, additional liability is generated by the system.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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