Aman-Mittal commented on PR #5780:
URL: https://github.com/apache/fineract/pull/5780#issuecomment-4284562381
> > @alberto-art3ch It seems GA check is giving error prone issue on
fineract-tax:compileTestJava can you please check.
> >
> > While i tried to look at the ticket. Can you confirm me the tax
bifurcation logic. Asking based on usecase perspective while on ticket i tried
to cross-check I cannot seem to understand how tax logic should be calculated
not much relevant data i can find.
>
>
>
> > @alberto-art3ch It seems GA check is giving error prone issue on
fineract-tax:compileTestJava can you please check.
> >
> > While i tried to look at the ticket. Can you confirm me the tax
bifurcation logic. Asking based on usecase perspective while on ticket i tried
to cross-check I cannot seem to understand how tax logic should be calculated
not much relevant data i can find.
>
> I've reviewed the compilation issue in the fineract-tax Test part and
solved. Thanks.
>
>
> About the bifurcation logic about the Taxes in the Loan Charges is: If you
have a Loan Charge with 100.00 as amount and you have a Tax of 15% in this
case, the client pays the same 100.00 but internally (in the accounting) you
will have three Journal Entries:
>
> | GL ACCOUNT | DEBIT | CREDIT
|
> | --------------------------- | ---------------- | ---------------- |
> | Fees Receivables | 100.00 |
|
> | Income For Fees | |
85.00 |
> | Tax Liability | |
15.00 |
>
> The Tax liability account is taken from Tax Component definition, and
obviously it is linked to the Charge using the Tax Group
>
> We are trying to follow a similar approach that we have in the Savings, so
we are creating entities to have the detail about which Taxes (if apply) are
being paying on the repayment transactions
>
> Please let me know any comment or doubt
>
Yes, can you tell me is there any way user can check how much tax he has
paid till now. It will be better for compliance. While I also want to make sure
that tax bifurcation is also documented on ticket too.
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