My Oracle Support Banner

EAP: Amortization On VAT, GST and Sales Tax Scenarios (Doc ID 2829528.1)

Last updated on DECEMBER 24, 2021

Applies to:

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

Goal

1. Which one from the Gross amount or Expense amount, will be amortized in a GST Voucher Amortization scenario?

Example : Voucher gross amount= 1000
Expense amount =900
Tax amount(India GST) = 100

2. Which one from the Gross amount or Expense amount, will be amortized in a VAT tax scenario?

Example : Voucher gross amount= 2100
Expense amount =2000
Vat tax= 100

3. Which one from the Gross amount or Expense amount, will be amortized in a Sales Tax scenario?

Example : Voucher gross amount= 1050
Expense amount =1000
Sales tax= 50

Solution

To view full details, sign in with your My Oracle Support account.

Don't have a My Oracle Support account? Click to get started!


In this Document
Goal
Solution


My Oracle Support provides customers with access to over a million knowledge articles and a vibrant support community of peers and Oracle experts.