Tax Amount Is Not Getting Calculated On Purchase Order , Receipt , Payable Invoice , AR Invoice for Newly Created Tax Regime Like TCS
(Doc ID 2721895.1)
Last updated on JUNE 16, 2023
Applies to:
Oracle Financials for India - Version 12.1.1 and laterInformation in this document applies to any platform.
Symptoms
ACTUAL BEHAVIOR
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Find that tax is not getting calculate on Purchase Order for newly define tax regime
EXPECTED BEHAVIOR
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TCS tax related information to be calculated at receipt level.
STEPS
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1. Define the new regime like TCS
2. Create the Purchase Order and save it
3. Navigate to tolls > India Tax Details
4. Try to attach the newly define tax rate for TCS
5. Click on apply button , find that tax amount is coming as zero , it is not
being calculated as per tax rate
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |