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EAP9.2: India GST Reverse Charge Rounding on Third Party Voucher Causes a Balance in the GST Distribution Line (Doc ID 2482615.1)

Last updated on OCTOBER 01, 2019

Applies to:

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

Goal

The Reverse Charge GST Amount calculated on the Regular Voucher contains decimals (180.18 INR). Since this voucher is Reverse Charge applicable, Third Party Voucher needs to be created to pay the GST amount to the GST Authority. After creating the Third party Voucher, the GST is rounded to the nearest rupee (180.00 INR). After Posting the Third Party Voucher, the Accounting Entries are also rounded (180.00 INR). The result is that the GST distribution has a balance of 0.18 INR even after completing the Third Party Voucher.

How is the system supposed to handle this balance of 0.18 INR that is the result of GST Rounding?
 

Solution

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In this Document
Goal
Solution


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