Cenvat Hold Account

I have a problem pertaining to excise.
1,  I have done GR  and have filled up all the excise related details.During GR RG 23 A PART I is updated.
2.Capture Excise invoice(J1IEX)During this step i  am posting vendor excise invoice with a rejection code.I am putting rejection code as because there is some
Dispute with the excise invoice.If i capture excise invoice with rejection code then part ii is updated but the excise amount will be posted to cenvat on hold account(This excise amount cannot be utilised for other goods clearance).But in my case the excise amount is  debited to normal cenvat GL instead of
Cenvat hold GL. Secondly in Logistics General----Business Transaction.......maintain rejection codes.In the 3rd coloumn of Maintain rejection code i have to enter a key.Can u please explain whether this key is tagged with any G/L ACCOUNT.If you can please explain how excise invoice with rejection code is posted
To Cenvat Hold Account.
2. Pl  let me know  how  automatic Account determination is configured  for excise related matters
thanks,
Manash Das

Hello,
We thought you were doing Domestic proceurement of Capital Goods, please check these accountinng entries get generated or not.
            During GR
                                    Material Stock            Dr.
                                    GR/IR clearing                        Cr.
            During Excise Invoice Credit           
                                    Cenvat Account          Dr.       (50%)
                                    Cenvat On-hold          Dr.       (50%)
                                    Cenvat Clearing                     Cr.
            During Invoice Verification
                                    Cenvat Clearing         Dr.
                                    GR/IR Clearing           Dr.
                                    Vendor Payable                      Cr
if not check account determination of CIN
Regards
Mahesh Naik.

Similar Messages

  • Cenvat hold account(urgent)

    pl suggest me
    I run the cycle for procurement of ASEET,accounting document Debited Cenvat hold account with 30000INR(SAY).
    How i go for taking credit for that account ?Pl explain in detail.

    Hii,
    50% Cenvat on Capital Goods is deffered to the Next year , You can utilize in the next year thats why u require Onhold account.
    If it is IMG
    then Maintain the the Onhold Cenvat Account agaisnt the GRPO in the Specify Excise Accounts Per Excise Transaction.
    Regards,
    Kumar

  • 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

  • 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

  • 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

  • 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

  • Reversal of Cenvat onhold accounts forcapital goodswithout reversing j1iex

    Dear All,
    How to Reverse the  Cenvat on hold accounts for capital goods without reversing j1iex & Gr.While we are trying through j1ih otheradjustments cenvat on hold account is not coming.Please help on this
    Regards,
    Bhargav.

    Hi,
    In J1IH you can create a reverse entry by choosing the Other Adjustments option.
    Also if you want to reverse the onhold account postings, you have to select the RG23C option in the other Adjustments.
    Thanks & Regards,

  • On hold account is missing

    Dear all,
    Scenario is as below:
    1) AP Invoice - Service Type created by me.
    2) Now I want to create AP Credit Memo based on above document - the error is coming :-
    "ON HOLD ACCOUNT IS MISSING"
    Pls give solution,
    Regards
    Ravi Kumar

    Hi,
    Please check Note No. : [1601484|https://b1-support.wdf.sap.corp/sap/support/notes/1601484]
    Kindly check the issue by upgrading the database to 8.81 Pl08 where the issue is fixed.
    Extracts of the Note :
    Symptom
    You are working in Indian localization. You post the Service Invoice with tax code containg the CENVAT tax type. The CENVAT tax is calculated and posted to the CENVAT Clearing Account. When you want to credit such invoice the error 'On hold account is missing' pops up and Credit Memo cannot be added.
    Please, use Service Tax Type when post Service Invoice.
    You can post standalone Credit Memo with the tax code used in the service Invoice and later reconcile transactions.
    Cause
    Application Error
    Solution
    SAP intends to provide a patch or patches in order to solve the problem described.
    The section Reference to Related Notes below will list the specific patches once they become available.
    The corresponding Info file of the patches in SAP Service Marketplace will also show the SAP Note number.
    Be aware that these references can only be set at patch release date.
    SAP will deliver patches only for selected releases at its own discretion, based on the business impact and the complexity of the implementation.
    Kind Regards,
    Jitin
    SAP Business One Forum Team

  • 50% Cenvat hold for consumable items.

    Hi,
    During GRN posting for Consumable items, system hold 50% Cenvat,
    We have to change this setting.
    Regards,
    Devendra

    Hi,
      50% Cenvat will be post to on hold account if you have assign any asset for that material in the PO  and in J1ID you have selectes as Asset insted of raw material check you PO properly  whethere it is asset PO.
    regards,
    zafar

  • Cenvat clearing account is not coming in MIRO for Basic excise

    Dear sir,
    I have created the PO  . After that  i did GR for same at that I capture excise invocie& post it.
    Accounting document is created for the same
    here is accounting enrtry
            cenvat Basic = 100 debit
            cenvat edu cess = 2 debit
           Cenvat Higher Ecess =1 debit.
       Cenvat clearing account = 103 credit
    when i go the miro
    after simulating in miro i found
    cenvat clearing account = 2 debit
    but it should be 103 debit
    why this is coming please help me...

    Hi,
    Generally it happens if CENVAT Clearing Account in not assigned in OB40 to the Tax Account Keys. But, as per you it has been maintained. So the following if you are using Tax Procedure TAXINN;
    SPRO > Logistics - General > Tax on Goods Movements > India > Basic Settings > Determination of Excise Duty > Condition-Based Excise Determination > Classify Condition Types

  • ERROR IN MIRO POSTING ENTRIES WITH CENVAT CLEARING ACCOUNT

    Hi,
              I'm facing a problem while posting in MIRO, instead of CENVAT clearing account RG23A BED acocount is getting debited, here I'm giving you the screen shots for MIGO and MIRO accounting entries please assist me with some customizing tips.
       MIGO
       MIRO
    material : TEST MAT
    vendor   : LAKSHMI GROUP
    I've assigned 154001 G/L ac for RG23A BED and 191101 G/L for MODVAT clearing ac.
    Thanks and Regards,
    Sairam.

    Hi Shiva,
          thanks for your response as you said in std cenvat ac get debited but as you can see in that above screen shots of my accounting entries RG23ABED ac is getting debited what actually wrong. How can correct the wrong entries please suggest me some solution here I'm sharing the screen shot of Tax on Goods Movements-->Account Determination-->Specify Excise Accounts per Excise Transaction
    please ask me for more information if you don't get my point on this problem
    Thanks in advance,
    Sairam

  • Reverse Excise duty on hold account

    Dear Experts,
    i want to reverse the amount wrongly posted in RG23C Part 2 through J1IH Other Adjustment. But it is not reversing the on hold amount but reversing the total amount from the Input Accounts.
    how do i reverse the amount in On hold account as well?
    Regards
    Suresh

    any help?

  • How to clear cenvat clearing account automatically

    Hi all
    will any one help me in making me understand as to how the cenvat clearing account can be automatically cleared.
    What exactly i mean is -
    When we do MIGO, the cenat clearing account is automatcially credited  and RG 23 A is debited.and
    When we do MIRO, the cenvat clearing account is automatically debited and vendor is credited.
    if this is the case, i find that the cenvat clearing account which is getting credited in MIGO and debited in MIRO is still showing as OPEN ITEMS when i view the cenvat clearing general ledger account in transaction code - FBL3N .
    How should i make the Cenvat clearing account to automatically get cleared and should show the line items cleared automatically, with out going through the t code f.13 etc.
    Thanks in advance
    Regards
    Rishikesh

    Hello
    Check if this is of help.
    Also check MM/FI integration for 23 transactions. Check if a/c assignment is set.
    CENVAT Document
    Definition
    An accounting document that the system automatically creates when it generates a Part II entry.
    Use
    Customizing
    Specify which document type you want the CENVAT documents to use, in Customizing for Logistics – General, by choosing Taxes on Goods Movements ® India ® Basic Settings ® Maintain Company Code Settings.
    Day-to-Day Activities
    When the system generates a Part II entry for an incoming excise invoice, it creates a CENVAT document to debit the excise duty to the excise duty account, and credit it to the CENVAT clearing account:
    The excise duty is cleared from the clearing account when the accounting clerk enters the vendor invoice.
    When the system generates a Part II entry for an outgoing excise invoice, it creates a CENVAT document to debit the excise duty to the excise duty account, and credit it to the CENVAT suspense account:
    Reg
    assign points if useul

  • Not able to clear the cenvat suspense account

    Hi Experts,
    Is there any T.code or short-cut method to find out the clearing documents for every open items in cenvat suspense account. Is it possible to run in the automatic clearing method through T.code:F.13
    in the absence of month end processing.
    Thanks & Regards,
    J.Francis

    Yes , you can clear the clearing account even you are not doing month end process via f.13 subject to you have configured the Automatic clearing in system.
    You can find the clearing document in FBL3n itself by screen layout. Or in BSEG table AUBGL feild gives you details of clering document .
    Hope this will helps you
    Regards
    Parag

  • Cenvat clearing account is not cleared while posting AP invoice.

    Hi experts
    If the tax code involves the Excise duty 100% non deductible, then the cenvat clearing account is not getting closed properly. please refer the below attachment and help me to solve this issue.
    1.while posting GRPO
    2. Incoming excise Invoice
    3.AP invoice

    hi
    I am wonder that still i did not get any reply or work around or suggestion from anyone of SAP experts for the above issue.

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