GST: Tax Accounting not Getting Generated for RCM Taxes Applied on AR Invoices (Doc ID 2554309.1)

Last updated on AUGUST 09, 2024

Applies to:

Symptoms

On : 12.1.3 version, GST

ACTUAL BEHAVIOR 
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Tax Accounting is not Getting Generated for RCM Taxes Applied on AR Invoices. 

EXPECTED BEHAVIOR
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The Tax Accounting Entries should be generated for RCM Taxes applied in the Accounts Receivables.  

STEPS
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The issue can be reproduced at will with the following steps:

1) When RCM Taxes are attached to the AR Invoice then RCM Tax accounting is not getting generated even after running India Period End Processing Program. 

2) When business is trying to Create a Non-LUT transactions in case of Service provider outside India, business will be creating the Manual Receivables Invoice with Non-INR currency against the Service Provider.

3) On AR Invoice, business is going to apply the Taxes but taxes would not be payables by customer whereas company would be paying to government. 

4) In order to achieve the same, the self-assessed recoverable tax having TPB 'Invoice' and applied the same on Manual AR Transaction.

5) Completed the transaction and generated the accounting Entries.

6) However The Tax Accounting Entries are not Generated.

BUSINESS IMPACT
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The issue has the following business impact: 

Customer is not able to determine the correct accounting impact of GST Taxes.

Changes

Cause

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