50 % transfer to cenvat on hold a/c

Hi CIN Experts,
When I have transfer the capital goods transfer on credit to next year through J2I8, but some of the entry has not been transfer to the current Cenvat On Hold account. In J2I8, I have given co. code, plant, posting date & excise group & selected list based on part 2 number. At the time of transferring, only SED available amount are not transferring means on that row BED, AED, SED, ECS, SECESS-Available but are not transferring. So here I am getting error that u201CBalance has occurred 'INR' with the following details in transaction currencyu201D. Exchange rate '00', amount ' 87.77-' and currency key 'INR'. The data in the transaction currency were transferred from the calling application.
Procedure- The error is probably in the calling application. Message No.-F5702. Please advice me how to transfer the balance amount.
Regards,
Manoj

Hi,
by using T-code J2I8  we can transfer cenvat on hold balance to next year.

Similar Messages

  • Transfer of CENVAT ON HOLD Amount

    Hi Friends,
    When we get the CENVAT on capital goods, 50% will be in CENVAT ON HOLD account till the next year. But in the next year is there any specific transaction  to run for transfering this 50% to CENVAT Clearing account? How to Transfer this amount other than posting through JV?
    Thanks in advance
    ssp

    Hi,
    by using T-code J2I8  we can transfer cenvat on hold balance to next year.

  • Transfer of centvat on hold balace to centvat account

    Dear Sir,
    My client gone on live  on 1-10-07 and we uploaded Centvet on hold balances on the same day.
    now as 01-04-08 i want to transfer the cenvat on hold balance to 23 c registerr ( Cenvat account).
    I done it through J2I8 but  in that all the balance of transfer except the Openning balalce.
    Now  my problem is how to transfer the openning balance which i uploaded on 01-10-07.
    Please reply fast
    Point assured.
    jain

    Hi Raj
    The exice register would not updated in first (current) month.
    Now you have to post JV in FI for first month only,
    RG23C   Dr.
    Cenvat on Hold  Cr.
    in Second month the register will automaticaly update the opening balance from FI-closing.
    Regards
    Aman
    Assign points if useful

  • Transfer Balance from Cenvat on hold account to ceenvat clearing account

    Dear All,
    Though the new year from excise point of view has begun....
    Now i want to utilised the capital amount which was in cenvat on hold account in last year.
    How do i move further so that i can utilise that 50 % amount this year.
    Am i need to transfer the amount from cenvat on hold account to cenvat clearing account?
    Please guide me with step by step.
    Thanks in advance.
    Shailesh

    Dear Shailesh,
    You can use the T.code J2I8 for transfering the On hold Credit by giving the Company code, Excise group & posting date. When you execute it you can see the balances per Vendor as line item entries. Select it & transfer. In the Accounting view you can see that Your cenvat clearing will get Credited & your Onhold A/c will get debited.
    Award Points if its useful.
    Thanks & Regards,
    SAP FC

  • Avail credit of cenvat on hold

    Dear all,
    I am facing problem in availing the credit of cenvat on capital goods. Can any one tell me the step by step procedure of How to avail CENVAT on hold of last year in current year.
    Its urgent..Thanks in advance..I will assign good points.
    Regards
    Roomi

    Hi Santhosh,
    When Capital On-Hold is taken for a year(for vendors) and selected a Vendor and when Transfer Credit is clicked,the error message appears.
    Please find the exact erro message.
    Cannot Reconcile : Crossed Return Date, please Reverse
        Message no. 8I582            
    Regards

  • Difference in Cenvat on Hold transfered for FY 2008-09 into FY 2009 -10

    Dear Experts ,
    Total balance in cenvat on hold account as on 31.03.09 was Rs. 1792146.18 whereas balance trf. from hold to diff. GLs' on 28.04.09 is Rs.1958733.58. Hence balance is excessively transfered by Rs.166587.40.Amount of Trf. to different GLs' is also not correct. Amount is excess trf. in BED GL & less trf. in E.cess & she cess GL.
    Can any one tell me how can i make the correction to the updated g/l account amount through SAP
    Regards,
    Beldari

    Hello ,
    Correct me if i am wrong , but i think the dates for comparison taken by our are wrong .
    While u have transferred the balances from hold to respective g/ls , on 28.04.09 , did u also transfer the  hold balances for the transactions between 01.04.09 - 28.04.09 ???
    Just check if the difference amount tallies with it .
    Once transferred , u cannot reverse the excise gl entries ,
    U will have to pass a JV using J1IH + Other adjustments .
    Regards
    Anis

  • CENVAT On hold account settlement

    Hi,
    In case of Capital Goods, I want to know how do we settle the CENVAT on Hold Account?
    50% is goes to the Cenvat Receivables in the first year and rest 50% to CENVAT on Hold Account.
    Next year how do we settle this CENVAT on Hold Account? Is this manual or automatic Process?
    if some one know Pls Reply
    Regards,
    Ashish Vats

    Hi Ashish,
    This step has to be carried out manually. You have to use Tcode: J2I8 for carrying out this process. (Path: TCode: J1ILN (for SAP easy access india localization menu):indirect taxes --  procurement -- excise invoice -- reports -- J2I8 - Balance credit for capital goods)
    Go to this transaction, input company code, plant and excise group and you can minimize selection by vendor, excise invoice number, date etc. Then execute.
    The system will show all the CENVAT on Hold entries. You have to manually check the entries depending upon the date and settle the entries.
    Hope this clarifies and helps.
    Thanks,
    Viswanath

  • Error in excise JV debiting RG23C basic+Cess to RG23C cenvat on hold

    pl Hi experts
    Facing below error in excise JV
    XXXXXX G/L account is not identified in the General Ledger Master
    Steps
    J1IH-Other Adjustment
    Modvat a/c selection:RG23C
    On clicking Determination of GL account following GL a/c are appearing
    RG23C Basic ED     Dr
    RG23C Cess           Dr
    RG23C S Cess       Dr
    Cenvat clearing         Cr
    When I am replacng Cenvat clearing GL with RG23C Cenvat on Hold above error is there i.e.
    XXXXXX G/L account is not identified in the General Ledger Master
    Pl help where is the issue as G/L of RG23C Cenvat on Hold is required to be debited
    thanks in advance

    Can you post the message number ?
    Also your post related to excise, you should choose correct forum..
    cc Jyoti Sir.
    Regards
    Dev

  • Cenvat on hold

    Hi,
    For my capital imported item having customs and excise conditions , when I checked Part 2 account entries , I find that amount under CENVAT ON HOLD does not include AED amount. Rest of the duties like BED,E Cess & Sec E Cess are all considered under 50% amount . Pl let me know where and what can I get into to include this amount @50%.
    Thanks & Best Regards,
    AK

    U check
    CAPE with
    Cenvat Hold  Cr
    Cenvat Hold      Dr
    Remaining Taxes      Dr
    and GRPO
    Cenvat Clearing     Cr
    Cenvat Hold          Dr
    Remaining Taxes  Dr
    Thanks
    Prasad

  • Transaction code for excise JV especially to cenvat on hold account

    Friends,
    Can anyone advice that in system for correcting excise register, the jv have to be posted for the following accounts-
    cenvat on hold
    RG23 BED
    RG23 ECS
    RG23 H CESS
    cenvat clearing account
    By which transaction code, jv to be posted. I know that for RG23 BED, ECS, H CESS, Cenvat clearing account can be corrected by using transaction code - J1IH but in my case i have to correct cenvat on hold account also for assets items.
    Can anyone advice how to proceed.
    Thanks
    Madhukar Mittal

    like u have done following enrty
    cenvat on hold     115 +
    RG23 BED     100 +
    RG23 ECS        10 +
    RG23 H CESS    5 +
    cenvat clearing account   230 -
    now u want to reverse it right
    then u will first have to go to J2I8 and tahe the credit of 115 cenvat on hold account
    so that
    RG23 BED     100 +
    RG23 ECS        10 +
    RG23 H CESS    5 +
    will come to RG 23 C register on credit side
    so ur RG23C registure will have
    RG23 BED     200 +
    RG23 ECS        20 +
    RG23 H CESS    10 +
    now use J1IH other Adj select Rg23C
    for amount
    BED     200
    ECS        20
    H CESS    10
    so that the entry will be passed
    RG23 BED     200 -
    RG23 ECS        20 -
    RG23 H CESS    10 -
    cenvat clearing account   230 +
    this is the std sap way to reverse the Captial credit taken
    hope this helps

  • Transfer of cenvat credit to other plant

    Hi,
    I have a plant AAAA.I have recieved raw materials and availed cenvat credit.
    Now I'm transferring the material to other plant BBBB.
    Is it possible to transfer the cenvat credit availed in plant AAAA to plant BBBB.
    Regards,
    Venkatesh

    Hi Lakshmi,
    During intra company STO process,when materials are transferred does the cenvat availed at one plant is transferred to other plant?
    FI consultant is not clear on this so i posted.
    So kindly request you to transfer this post to FI forum if it is not relevant to MM,as i don't know how to do it.
    Edited by: Venkatesh DY on Jan 18, 2012 11:54 AM

  • STO- Depot to Plant with Transfer of cenvat credit

    Dear All,
    I am having a scenario in which i am procuring capital material for depot and it lies in depot.
    Now the material is no use in depot and i want to transfer that material from depot to manufacturing Plant.
    and want to take the cenvat credit in manufacturing plant with respect to initial excise posted at depot.
    Now i created a STO and done the PGI. Create & POST the excise invoice in depot-J1IJ.
    But i am not able to capture excise invoice in MIGO in manufacturing plant.
    So how to transfer the material from depot to manufacturing plant with transfer of cenvat credit.

    Hi akshay,
      Follow this flow you can Transfer of cenvat credit.
    --->ME21N
    --->VL10B
    --->VL02N
    --->J1IJ
    ->VF01Proforma invoice (At depot plant)
    --->MIGO(At Mfg Plant)
    --->JV using T-code J1IH (To transfer cenvat credit to Mfg plant)
    Thanks,
    Swamy H P

  • Correction in cenvat on hold account, debit entry to be posted

    Dear Friends,
    During PGR, Correct entry is
    BED - Rs 25600+
    CESS - Rs 512+
    HCESS - Rs 256+
    CENVAT ON HOLD - Rs 26368+
    CENVAT CLG ACCOUNT - Rs 52736-
    But one document found with the following below mentioned entries  -
    BED - Rs 25600-
    CESS - Rs 512-
    HCESS - Rs 256-
    CENVAT ON HOLD - Rs 26368-
    CENVAT CLG ACCOUNT - Rs 52736+
    Now correction is required, RG23 entries i will correct by J1ih, regarding Cenvat on hold, anyone advice, how can be corrected.
    Thanks
    Madhukar

    like u have done following enrty
    cenvat on hold     115 +
    RG23 BED     100 +
    RG23 ECS        10 +
    RG23 H CESS    5 +
    cenvat clearing account   230 -
    now u want to reverse it right
    then u will first have to go to J2I8 and tahe the credit of 115 cenvat on hold account
    so that
    RG23 BED     100 +
    RG23 ECS        10 +
    RG23 H CESS    5 +
    will come to RG 23 C register on credit side
    so ur RG23C registure will have
    RG23 BED     200 +
    RG23 ECS        20 +
    RG23 H CESS    10 +
    now use J1IH other Adj select Rg23C
    for amount
    BED     200
    ECS        20
    H CESS    10
    so that the entry will be passed
    RG23 BED     200 -
    RG23 ECS        20 -
    RG23 H CESS    10 -
    cenvat clearing account   230 +
    this is the std sap way to reverse the Captial credit taken
    hope this helps

  • Excise JV Cenvat on hold

    dear experts ,
    when i am trying to pass a JV for initial cenvat on hold amount , the system throws an error of plant not assigned in company code
    what could be the reason ?
    Regards
    Anis

    hey the problem solved
    Go to J1ID and here select option as "Excise Indicator for Plant" and maintain following details.
    First Month - 4
    No. range no. - 01
    ECC No. - As Applicable
    Excise Reg. No. - As Applicable
    Excise Range - As Applicable
    Excise Division - As Applicable
    Commissionerate - As Applicable
    CST no. - As Applicable
    LST no. - As Applicable
    PAN - As Applicable
    Exc.Ind.Comp. - 1
    Service Tax Regn.No - As Applicable
    thnx

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