Financials for India - EBS (MOSC)

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DM accounting entries for the recoverable taxes changed after 28040425 patch

edited Jun 18, 2018 7:04AM in Financials for India - EBS (MOSC) 2 commentsAnswered

Hi,

The RTV Debit Memo accounting entries have been changed after GST may consolidation patch 28040425.

Previous DM Accounting :

Supplier Liability - Dr

Tax Liability - Cr

After patch DM Accounting :

Supplier Liability - Dr

Tax Interim Recovery - Cr

After process claim for the created debit memo, the accounting entries;

Tax Interim Recovery - Dr

Tax Liability - Cr

Post patch, we have to do the process claim for debit memo in order to get the correct accounting entries. Before it was happening during DM it self.

It will be  difficult to manage the high volume of DM transaction. Is there any option to automate this process? Any idea would be greatly appreciated

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