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EAP: Voucher Rounding issue happening for Service Tax, Line Amount Exceeds Header Amount (7460,15) (Doc ID 2210009.1)

Last updated on OCTOBER 01, 2018

Applies to:

PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.

Symptoms

Rounding issue is happening for India Service Tax. While saving the voucher getting the Warning Message.

Warning : - "Line amounts exceed header amounts by xxx. Would you like to apply the difference to Gross Amount (7460,15)"

STEPS:

1) Setup the System to have Excise ,SBC and KKC calculation
      -Service Tax = 14%, SBC = 0.50%, KKC = 0.50%

2) Navigate to Regular Entry component
     - BU: IND01, Supplier= IND0000001
     - Gross Total = 119216, Line Total = 103667

    Net Invoice amount + Service Tax (14%) + SBC (.5%) + KKC (.5%)
                      103667 + Service Tax (14%) + SBC (.5%) + KKC (.5%) = 1,19,216

3) Check by Clicking on the Excise/Sales Tax Link on the Invoice Line
4) Return to the Invoice Information Page
5) Click on Save

Cause

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In this Document
Symptoms
Cause
Solution
References


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