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GST: Tax Amount Not Rounding/Truncating To Nearest Two Decimals (Doc ID 2545756.1)

Last updated on OCTOBER 01, 2019

Applies to:

Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
OFI: Tax Amounts not rounding/truncating to nearest two decimals

At regime level, setup is defined for rounding basis to nearest decimals.

Upon checking Tax Amounts on PO, BOE & Receipt, these are not rounding to nearest or truncating to two decimals. 

EXPECTED BEHAVIOR
-----------------------
Tax amount should get truncated to 2 decimal places as per rounding rule defined.

STEPS
-----------------------
1. Define rounding basis at regime level.
2. Perform a P2P Transaction and check the Tax Amounts. These are not rounding to 2 decimal places.

BUSINESS IMPACT
-----------------------
Tax amounts are not calculating as per business requirement.

Cause

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In this Document
Symptoms
Cause
Solution
References


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