Accounting Not Generated For Receipt Correction With Non-Recoverable Self-Assessed (RCM) Taxes
(Doc ID 3018147.1)
Last updated on DECEMBER 09, 2024
Applies to:
Oracle Financials for India - Version 12.2 and laterInformation in this document applies to any platform.
Symptoms
Self Assessed / Reverse Change (RCM) non recoverable tax accounting not generated for Receipt Corrections.
The non-recoverable RCM tax accounting should be reversed for the Receipt when Receipt correction is done.
The issue can be reproduced at will with the following steps:
1. Navigate to India Local Purchasing > Purchase Orders > Purchase Orders.
2. Create Purchase Order.
3. Navigate to Receipts > Create Receipt.
4. Go to Tools > India tax details and apply RCM Taxes on the receipt.
5. Save the receipt. At this point RCM accounting processed.
6. Go to Receipt > Corrections > Correct Receipt.
7. After correction, RCM accounting of the receipt doesn't get reversed.
Changes
Cause
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In this Document
Symptoms |
Changes |
Cause |
Solution |
References |