R12: AP/EBTAX: Tax Code Calculated and Defaulted in Invoice Line is Different
(Doc ID 2924382.1)
Last updated on APRIL 21, 2023
Applies to:
Oracle Payables - Version 12.0.0 and laterOracle E-Business Tax - Version 12.0 and later
Information in this document applies to any platform.
Symptoms
Issue
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GST for Singapore changed from 7% to 8% effective 01-Jan-2023
The tax code calculated at Invoice line level is 7%(which is expected as invoice date was prior to Jan-2023) but the tax code defaulted is 8% GST.
Steps to reproduce
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1. Create an Invoice with Invoice date as Dec-2022
2. Enter the Invoice line. The tax classification code at invoice line is 8%
3. Calculate the tax. The tax calculated is as per expectation (7%)
The defaulted tax code and calculated tax code is not in Sync
Cause
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In this Document
| Symptoms |
| Cause |
| Solution |