Financials for India - EBS (MOSC)

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What happens to invoice generated for 3rd party taxes in case of RTV

edited Nov 3, 2015 2:41AM in Financials for India - EBS (MOSC) Question

Hi,

We can apply third party taxes on PO receipts and AP invoice payable to third party is generated automatically for such taxes. I wanted to know what happens to this system generated invoice for third party taxes if return to vendor is processed?

1. Does system generates an automatic Debit/Credit Memo in such cases?

2. If yes, is there any additional setup to enable this?

3. If no, do we need to cancel the invoice manually? Is there a control inbuilt to enforce such a cancellation to ensure payment control?

Best Regards,

Anil

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