How To Fix J_1IRET050 - Currency not maintained for India

SAP Error Message - Details

• Message type: E = Error

• Message class: J_1IRET - Retail India localization

• Message number: 050

• Message text: Currency not maintained for India

What causes this issue?

You tried to maintain the tolerance settings for the
<DS:GLOS.4AF6EC872F394B6BE10000000A421391>Article Inward Note</> (AIN).
However, you were not able to do so because you have not maintained the
relevant currency settings.

System Response

The system issues an error message and will not allow you to continue with this transaction until the error is resolved.

How to fix this error?

Maintain the country currency settings for India in the <LS>Countries</>
(T005) table.

Procedure for System Administrators

Error message extract from SAP system. Copyright SAP SE.

Smart SAP Assistant

• What is the cause and solution for SAP error message J_1IRET050 - Currency not maintained for India ?

  The SAP error message J_1IRET050: Currency not maintained for India typically occurs in the context of Indian tax reporting, particularly when dealing with the Indian Goods and Services Tax (GST) or other financial transactions that require currency settings.
  Cause:
  This error usually arises due to one of the following reasons:
  
  
  Missing Currency Configuration: The currency for the Indian company code or the relevant transaction is not maintained in the system. This can happen if the currency settings were not properly configured during the initial setup of the company code.
  
  
  Incorrect Company Code Settings: The company code may not have the correct currency settings, or the currency may not be assigned to the relevant tax codes or transaction types.
  
  
  Master Data Issues: The master data for customers, vendors, or materials may not have the correct currency settings, leading to this error when transactions are processed.
  
  
  Solution:
  To resolve the error, you can follow these steps:
  
  
  Check Company Code Currency:
  
  Go to Transaction Code OX02 (or navigate through the SAP menu: Logistics > General > Master Data > Company Code > Edit Company Code Data).
  Ensure that the currency for the company code is set correctly (usually INR for India).
  
  
  
  Maintain Currency in Tax Codes:
  
  Go to Transaction Code OB40 (or navigate through the SAP menu: Financial Accounting > Financial Accounting Global Settings > Tax on Sales/Purchases > Basic Settings > Check Tax Codes).
  Ensure that the tax codes used in your transactions have the correct currency settings.
  
  
  
  Check Master Data:
  
  Review the master data for customers and vendors to ensure that the currency is set correctly.
  For customers, use Transaction Code XD02 (or navigate through the SAP menu: Logistics > Customer > Master Data > Change).
  For vendors, use Transaction Code XK02 (or navigate through the SAP menu: Logistics > Vendor > Master Data > Change).
  
  
  
  Review Configuration Settings:
  
  Check the configuration settings for the relevant modules (e.g., FI, MM) to ensure that all necessary currency settings are maintained.
  
  
  
  Consult Documentation: If the issue persists, refer to SAP documentation or consult with your SAP support team for further assistance.
  
  
  Related Information:
  
  Transaction Codes: Familiarize yourself with relevant transaction codes such as OX02, OB40, XD02, and XK02 for navigating through the configuration and master data.
  SAP Notes: Check for any SAP Notes related to this error message, as they may provide additional insights or patches that could resolve the issue.
  User Roles and Authorizations: Ensure that you have the necessary authorizations to make changes to company code settings and master data.
  
  By following these steps, you should be able to identify and resolve the cause of the J_1IRET050 error in your SAP system.