Financials for India - EBS (MOSC)

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Accidental VAT Recover Entries in MAR-16 period

in Financials for India - EBS (MOSC) Question

Hi,

The user had opened the MAR-16 period in SEP-16 to enter some adjustment entries for the FY 15-16. While the MAR-16 period was open, there has been an accidental 'Receiving India' entry (VAT Interim recovery to Recovery entry) which was actually meant for the SEP-16 period. This entry is in the UNPOSTED status.

We have the option to reverse the entry in MAR-16 and instead enter a manual entry in the period of SEP-16. But does this have any adverse impact?

What is the best course of action here? Please advise

Shankar

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