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Paid Through ITC Column is Showing Incorrect Values While Performing the Settlement (Doc ID 2897019.1)

Last updated on SEPTEMBER 18, 2022

Applies to:

Oracle Financials for India - Version 12.2.11 and later
Information in this document applies to any platform.

Symptoms

ACTUAL BEHAVIOR
---------------
GST(Goods and Service Tax) settlement form doesn't correct values for "Paid through ITC" and "Net Tax Liability" Columns.

EXPECTED BEHAVIOR
-----------------------
GST settlement form should show correct values for "Paid through ITC" and "Net Tax Liability" Columns.

STEPS TO REPRODUCE
--------------------------
The issue can be reproduced at will with the following steps:
1. (N) > Oracle Financials for India > Settlement Management > Manage Settlement Transactions.
2. Provide the required values and find the below

Example :

SGST(State GST)

IGST(Integrated GST)

Actual

Settlement
Tax Type Code Tax Payable ITC Availed Paid Through ITC Net Tax Liability
SGST 10000 2000 2000 8000
IGST   2000    

Expected

Settlement
Tax Type Code Tax Payable ITC Availed Paid Through ITC Net Tax Liability
SGST 10000 2000 4000 6000
IGST   2000    

The Credit of IGST should be used for knocking off the Debit of SGST.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution


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