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TDS(Tax Deduction at Source) Category not getting Defaulted from Exception Setup (Doc ID 2847718.1)

Last updated on FEBRUARY 07, 2022

Applies to:

Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------------
TDS(Tax Deduction at Source) and Credit Memo invoice generated incorrectly for Suppliers who are mapped to Exception Setup as wrong tax category is getting defaulted

EXPECTED BEHAVIOR
-----------------------
Tax Category assigned in the exception setup should get defaulted as well as TDS(Tax Deduction at Source) and Credit Memo invoice should get generated for correct amount as per assigned tax category

STEPS
-----------------------
The issue can be reproduced at will with the following steps:
1. Assign the Supplier to the Exception Threshold setup ((N)> Oracle Financials for India > Withholding Tax Setup > Define Withholding Thresholds)
Lets say the tax category assigned here has tax rate 0.5%
2. A Normal Setup also exists for the combination of Vendor Type and Section
Lets say the tax category assigned here has tax rate 2.5%
3. Create a Invoice (N)> Oracle Payables > Invoices > Entry > Invoices
4. Add Header,lines and distribution details
5. Navigate to Tools > TDS Tax Details
6. Find that TDS Tax Category from normal setup only gets defaulted which has tax rate 2.5%
7. Validate the same and see that TDS and Credit memo gets generated for 2.5%

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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