Financial Management - PSFT (MOSC)

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Tax percentage is not updated with the correct value in the invoice line in billing module.

edited Oct 14, 2016 5:00AM in Financial Management - PSFT (MOSC) 1 commentAnswered

Hi,

Tax percentage is not updated with the correct value in the invoice line.

When there is a tax jurisdiction and tax authority, the non taxable amount that comes from vertex is taken into consideration. In this case, the tax amount is getting calculated properly but the tax percentage(that comes from vertex), while summing for updating in the bi_line table shows an incorrect value.

Tax jurisdictionAmount before applying taxNon Taxable Amount from VertexRemaining taxable AmountTax Percent from VertexCalculated Tax Amount
X29,700,000.00296984001,600.002.2536
Y29,700,000.00029,700,000.0072079000
Z29,700,000.00296984001,600.002.7544

For the above data, the tax percentage that is getting updated in the bi_line table with a tax percentage as 12%.

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