GST: Tax Accounting Not Generated For Payables Invoices With Reverse-Charge (RCM) Taxes
(Doc ID 2954245.1)
Last updated on JUNE 20, 2023
Applies to:
Oracle Financials for India - Version 12.2.11 and laterInformation in this document applies to any platform.
Symptoms
Tax accounting not generated for RCM Invoices
The RCM Taxes added to the Payables Invoices should be accounted.
The issue can be reproduced at will with the following steps:
1. Navigate to India Local Payables > Invoices > Invoice Workbench.
2. Create a Standard AP Invoice and go to Tools > India Tax Details.
3. Add Self-Assessed / Reverse Charge (RCM) taxes.
4. Execute the "India - Period Ending Process" concurrent program.
5. There is no GL accounting generated for the RCM taxes.
Changes
Cause
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In this Document
| Symptoms |
| Changes |
| Cause |
| Solution |