GST: Invoice Price Variance (IPV) Lines Not Generated For Miscellaneous Lines When There is TDS Attached to Invoice
(Doc ID 2821509.1)
Last updated on NOVEMBER 15, 2021
Applies to:Oracle Financials for India - Version 12.1.3 and later
Information in this document applies to any platform.
IPV not getting generated on GST component of a PO matched Invoice.
When AP invoice is matched with a PO and unit price is entered different , IPV gets generated. But IPV is getting generated only to the extent of difference between unit price in PO and unit price in AP Invoice. Differential portion of GST on PO & AP Invoice is not getting considered and hence IPV not getting generated.
Unit price at PO: 198
Unit price at Invoice : 100
Invoice qty : 1
GST applicable: 9% SGST & 9% CGST
Tax generated at PO: 17.82 each
Tax at Invoice: 9 each
IPV at item line: -98
Difference 8.82 INR each for CGST and SGST.
When invoice price is different than PO price, upon invoice validation the IPV distributions should be created with correct amount. Total TAX should not be accounted under IPV.
STEPS TO REPRODUCE
1. Navigate to Purchasing responsibility. Create PO with price # 198 with GST taxes.
2. Approve the PO
3. Navigate to Payables responsibility and create PO matched invoice of Price # 100
4. MISC lines are created with correct tax amount.
5. Upon validation of invoice, IPV lines are created for difference in PO and Invoice item amount. However, the GST difference IPV is not created.
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