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GST :Prepayment RCM entries generated with future accounting dates (Doc ID 2775690.1)

Last updated on MAY 14, 2021

Applies to:

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


Reported Issue
Observed that on applying prepayment with Reverse charge mechanism taxes (RCM) on standard invoice and running India-Period end process concurrent , the prepayment entries are getting posted with wrong / future accounting date.
Consider the below example.
If prepayment is applied on standard invoice on 17th March. On running India period end process the accounting date in jai_Tax_journal_entries is populated as 31-Mar-2021.

Steps for replication
1. Raise prepayment with RCM.
2. Validate .Pay. Run India Period end process.
3. Raise standard invoice with RCM. Validate. Apply prepayment on standard invoice.
4. Run India period end process.

Expected behavior
Expects that the accounting date should be populated with the actual date.




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