Symptom
Legal Entity Identifier(LEI) is a 20-digit number used to uniquely identify parties to financial transactions worldwide. The Reserve Bank of India(RBI) on December 5 introduced the LEI for large value transactions over Rs 50 lakhs in Centralized Payment Systems, which will be effective from April 1, 2021.
This KBA tells about the field required to maintain LEI in vendor master as per RBI requirement.
Environment
SAP S/4HANA Cloud Public Edition
Resolution
As the service tax registration number has been phased out by GST, we recommend “Ser.Reg.No” field to be used to store LEI number. Also, we do not recommend to use any other standard fields to store this LEI number.
"Ser.Reg.No" is available in below path:
- App: "Maintain Business Partner"
- Click on "Supplier:Country Specific Ext." tab
- Maintain LEI number in "Ser.Reg.No" field
Keywords
Ser.Reg.No, LEI, Legal Entity Identifier, RBI, Vendor Master, J_1IMOVEND-J_1ISERN, J_1ISERN, Business partner, BP , KBA , FI-LOC-MM-IN , India (aka XX-CSC-IN-MM) , Problem