E-Business Tax (MOSC)

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Tax rule issue during Invoice creation

edited May 28, 2015 10:03AM in E-Business Tax (MOSC) 2 commentsAnswered

Hi,

Version - R12.1.1

Fresh Implementation.

I have implemented etax in fresh instance and trying to make first invoice, when i clikc on TAX DETAILS button below error message getting

/*

The system has determined that the Rate Type PERCENTAGE is applicable for Tax VAT_2% on this transaction. However, this rate type is not compatible with the Taxable Basis Type PERCENTAGE for Formula Code

*/

I have not defined any Formula cod (Tax Manager -> Advanced setup options -> Tax Formulas)

What could be the reason to getting this error message.

Regards,

Madhu

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