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Incorrect Rounding of Tax Amount When Using 50 Percent Recoverable Taxes (Doc ID 3077604.1)

Last updated on MARCH 20, 2025

Applies to:

Oracle Financials for India - Version 12.2 and later
Information in this document applies to any platform.

Symptoms

The system is not rounding the tax amount value as per the rounding setup, when using 50% recoverable taxes.

Issue Scenario:
============
Invoice line Amount = 43861
Tax Applicable = 18%
Recovery Percent = 50
Rounding Rule =  Nearest Rupee
Rounding Factor = 1

Expected total Tax Amount = 43861 * 18% = 7894.98 ==> Rounded Value = 7895.
However system created two invoice lines of type MISCELLANEOUS with total of 7896.

Changes

 

Cause

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In this Document
Symptoms
Changes
Cause
Solution
References


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