Tax Amount in ACH - Auto Debit Payment Amt

This topic provides information about the inclusion of tax amounts in the ACH auto debit payment amount for an account.

Currently, the system creates an auto debit instruction for ACH even when the amount is defined as zero at the ACH definition level.

System has to include the tax amount in the debit amounts, while creating debit instruction.

Proposed Change:

• While defining the ACH amount, if the user provided the Amount as ZERO, system generates the debit instruction for due amount of account like Principal and Interest.
• The system includes applicable tax amounts in the ACH auto debit based on the following configuration:
  • The list of tax amounts has to be referred from the lookup → Tax Definitions and subcode = ACH_INCLUDE.
• This change is applicable for recurring and one-time ACH instructions.