Last updated on FEBRUARY 06, 2017
Applies to:PeopleSoft Enterprise FIN Project Costing - Version 8.9 to 9.1 [Release 8.9 to 9]
Information in this document applies to any platform.
PC_AP_TO_PC with DETAIL option not bringing Non-recoverable excise VAT amount (EXD_NRCVRY_AMT populated in VCHR_ACCTG_LINE)
Some of business units in India and have excise/service tax configured. There are many cases where the excise tax is non-recoverable and are pro-rated to the accounts on the distribution lines.
The accounting entries are properly getting created in AP. However, for AP transactions associated with projects, the cost collection process is not considering the excise tax portion while collecting AP costs in project costing. Only the distribution line amount is available.
1. Setup India VAT so that it will generate Non-Recoverable Excise Amount to a voucher.
2. Add a Voucher with project information and post - EXD_NRCVRY_AMT field is populated with amount in VCHR_ACCTG_LINE
3. Run PC_AP_TO_PC with detail - ACT will be created without the amount in EXD_NRCVRY_AMT.PS_VCHR_ACCTG_LINE
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