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

Similar Messages

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

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.

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

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

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.

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

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

Table to check CENVAT on HOLD amount RG23C

Hi ,
I wanted to extract enteries being appeared in J2i8 , could u pls let me know the table where these details are getting stored
regards
Shrey

Hi Shrey,
IN J2i8,on hold Enteries are Caliculated using the Below Tables
i dont think so there is one direct table for the same.
        j_1iexcdtl --This Table is used to Extract the Details of the Excise Document(overvirew details)
        j_1iexchdr -this is for the Header Details for the Excise Document Post --Excise Number Etc
        j_1igrxref,-- this is the Excise Details From the GRN.
        j_1iexgrps -- This Gives the details of you have to create the Excise enteries based on the
                              Excise   group Config.
         j_1iwrkcus,--Plant details
        j_1ipart2, -
Part 2 enteries Posted in the System
        j_1iexcacc, -- GL account Details Maintained on the Bases of the Trasaction even key
        bseg -
for the details of the values Posted in the GL accounts maintained in the above Transaction.
I am giving a overview of how the system caliculates..bt it can many other logic imbuild
KNow the System Segegates all the invoices posted
and it Filters the Invoices based on the Type of material eg consumbles etc from the table j_1iexcdtl.
and gets all the details of the Invoices which need to utlized 50 % know and 50 % after.
In the j_1iexchdr ,we get the header details for the transaction type etc.
so base on the header details it can get the accounting details in j_1iexcacc
Know the key is the Part2 enteries against the Excise documet which gives the exact values posted against each register
and then comes the material document details for the same and then it used for the accounting enteries posting and its values in Bseg.
By allocating and segregating all the table data it get the remaining value in the T code J2i8
Hope so i am clear
Regads
Anjanna.

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.

Cenavt on Hold Account - Capital Goods 50% Credit

Hi Gurus,
As per PO , Basic Duty is 800.00 + 2% Cess - 16.00 + 1% Secc - 8.00, but when I Post the Excise Duty, 50% Duty is correctly posted in respective G/L Account as 40084 , but the balance 50% credit in Cenvat on Hold A/c is showing value as only 396.00 instead of 412.00 ( We are using ECC 6.0)
Can some body help me why Cenvat on Hold a/c shows wrong value.
Thanks in advance.
Rgds,
Vikas

Answered

Availment of 50% cenvat credit on ADC (add.duty of customs) during imports

Dear All,
I have a client requirement who wants to avail only 50% of ADC (additional duty of customs) during imports.
I observed during debugging that if I manually change the sub-transation type from IP to blank, the system posts 50% of ADC amount to AED G/L Account and rest of the amount to Cenvat on-hold account.
I wanted to ask the experts if there is any enhancement point in the program or any user exit using which I can achieve my task. If not through userexit, kindly suggest me any work-around.
Note: The above requirement is against the legal changes that are brought in during 2006-2007 budget change that unlike the CVD components, ADC can be availed 100% during the same fiscal year and therefore I request you not to suggest me to get the same clarified from the client.
Thanks
Guru Prasad

Check this answered links [import capital AED 50 % |Re: import capital AED 50 %;
[Capital Procurement in SAP|http://www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/808c60ca-013b-2c10-34a2-94d1eb442e6f?quicklink=index&overridelayout=true]

Cenvat on hold

Similar Messages

Maybe you are looking for