Tax Reversal on Cancelling Cycle Products
How does OOTB taxation behaves, when we cancel a Cycle product, and the tax rates for the corresponding tax code has been modified during the middle of the cycle?
For e.g.:
1. Product A: Validity 6 Months: 30 USD + tax: Purchased on Jan 1, 2017.
2. Tax rate for the tax code, changed from 5% to 10%, Mar 1, 2017.
3. Plan Transition on Apr 1, 2017: Product B: Validity 6 Months: 20 USD + tax (same tax code as above)
In this scenario, when Product A is getting Cancelled on Apr 1st, how does OOTB Tax Reversal behave?