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ELCM: GEDRULES-GEDCLSMT- Options Given To Configure Fees, Charges But No Option To Configure TAX (Doc ID 3010174.1)

Last updated on MARCH 15, 2024

Applies to:

Oracle FLEXCUBE Enterprise Limits and Collateral Management - Version 14.7.0.0.0 and later
Information in this document applies to any platform.

Goal

On : 14.7.0.0.0 version, Implementation Support

GEDRULES-GEDCLSMT- Options given to configure Fees, Charges but no option to configure TAX

We have noticed that the system has been enhanced to create various fees and Charges using Facilities class. However there is no option to configure a tax component for the fee rules created in GEDRULES/GEDCLSMT.

We have specific business case for commitment Fee calculation whereby the GEDRULES screen allows such rule configuration, but as per the business case, the Commiment fee paid will also be Taxed.

In CL, OL system always allow the Component configuration along with a TAX parameter. Hence, kindly let us know how to set up tax(VAT,GST, etc) component on such Fees.

Current Business Scenario:

Bank Created facilities with off balance sheet entries and also charges commitment Fee on amount not disbursed. When customer pays the commitment fee , the system must calculate the Tax (8.5%) on the Commitment Fee Paid.

Please let us know which is the Correct SDE to configure the TAX on the commitment fee
 

Solution

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In this Document
Goal
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