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?

Similar Messages

  • Excise duty into stock account

    Dear Friends,
    In the purchase order i am using deductible tax code (Excise duty claimable) but at the time of making GR BED value is going in to inventory.I checked the respective condition type in tax code that i am using its JMOP and in excise defaults i have put JMX1
    e.g.
    PO Value = 1000
    BED      =  500
    EduCess  =   10
    S&H EduCess=  5
    at the time of GR following entries are posted
    Stock Account Dr. = 1500
    GR/IR         Cr. = 1500
    After Posting excise duty is J1IEX
    BED        a/c    500
    Educess    a/c     10
    S&h EduCes a/c      5
    Cenvate Clearing   515
    Need your help if you could tell how can i solve this issue
    Regards
    VS

    Hi,
    What is acct key u have given in TAXINN PROCRDURE.Check whether it is deductible or non deductible.Check in OBCN .
    murugan

  • Excise duty not reversed even after Excise Invoice is reversed

    Hi Experts,
    Please give me solution for  excise Inv. no 1000200212 dt. 06.09.10 has been reversed in the Sap in J2IUN report ,the excise duty against Inv no 10000200212 is not reversed & is reflected in duty payble amount. At the same time stock of the Inv. no. 1000200212 has been reversed in the stock ledger.
    The cancell invoice should not appear for duty payment statement in the J2IUN.
    Rgds
    Shailesh W

    Hello Sir,
    I will provide u further details for this Issue.
    This is to inform you that excise Inv. no 1000200212 dt. 06.09.10 has been reversed in the Sap & fresh Inv no 1000200214 dt. 06.09.10 is prepared .We have noticed that in J2IUN report ,the excise duty against Inv no 10000200212 is not reversed & is refected in duty payble amount. At the same time stock of the Inv. no. 1000200212 has been reversed in the stock ledger.
    As per our understanding,the cancell invoice should not appear for duty payment statement in the J2IUN.
    You are requested to check the same at your end and let us know the reason for the same.
    We are post the excise document in month of april 10 vid doc. no.10000021 dt. 02.04.10 7 10000057 dt. 10/04/10 and same is reversed vide do. no 1000074 dt. 02/04/10 &  25000003 .
    While arriving the duty payble amount, we are found following discrepancy in J2IUN (Z-Report) & FBL3N (G.L) Account
    Duty payble fig. As per J2IUN    Rs. 9482.00 (Basic)
    Duty Payable Fig. As per FBL3N Rs. 7247.00 (Basic)
    Diff. Rs. 2235.00
    The diff. due to reversal of excise posting document not a/cted in J2IUN Report.
    Rgds
    Shailesh W

  • Process flow of excise duty from procurement to sales accounting entry with amount.

    Dear Expert ,
    Kindly any one help the process flow of excise duty calculation from procurement to sales accounting entry with amount.  for example.- if material amount is Rs. 10,0000 and excise duty is 8% , edu ecss 2 % , and sec ecss 1%. I want know the accounting entry on- MIGO, J1IEX, MIRO, F-43  AND , PGI, BILLING DOCUMENT, J1IJ , TR6 CHALLAN, J2IUN.
    Regards
    Akshaya

    Hi,
    In case of
    A. Procurement : there are two types of procurement viz. Local and Import
    LOCAL
    1. MIGO
    Inventory A/c Dr
    To GR?IR
    2. J1IEX
    CENVAT Receivable (Basic) A/c - Dr
    CENVATReceivable (Ecess) A/c - Dr
    CENVAT Receivable (S & H) A/c - Dr
    To CENVAT Clearing
    3. MIRO
    CENVAT Clearing A/c - Dr
    To Vendor A/chrough
    4. F-43
    No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
    5. TR6 Challan
    PLA Payment  (Basic) A/c - Dr
    PLA Payment (Ecess) A/c - Dr
    PLA Payment (S & H) A/c - Dr
    To PLA on Hold A/c
    IMPORT
    1. MIRO
    ECS+SECS on Cus+CVD A/c Dr (consists of ECS on custm+cvd and S & H on custm+cvd)
    CVD Clearing A/c Dr (consists of Additional Duty CVD and CVD)
    Customs Clearing A/c Dr (consists of Basic Customs)
    To Customs Vendor
    2.  MIGO
    Inventory A/c - Dr
    To GR/IR A/c
    To Customs Clearing (consists of Basic Customs)
    To ECS+SECS on Cus+CVD (consists of ECS on custm+cvd and S & H on custm+cvd)
    3. J1IEX
    CENVAT Receivable (Basic) A/c - Dr
    CENVATReceivable (Ecess) A/c - Dr
    CENVAT Receivable (S & H) A/c - Dr
    To CVD Clearing
    4. F-43
    No excise entry through SAP direct posting but through manual posting in case using TAXINN procedure.
    5. TR6 Challan
    PLA Payment  (Basic) A/c - Dr
    PLA Payment (Ecess) A/c - Dr
    PLA Payment (S & H) A/c - Dr
    To PLA on Hold A/c
    Sales
    1. PGI
    COGS A/c Dr
    To Inventory
    2. Billing Document
    Excise
    ED Suspense A/c Dr
    To Liability for BED
    To Liability for ECS
    To Liability for S & H
    Customer
    Customer A/c Dr
    To ED Suspense A/c
    To Revenue
    To VAT / CST
    Hope your doubts are clear.
    Regards,
    Tejas

  • Very urgent...accounting entries for (excise duty)taxes and duties on sales

    Hi Friends,
    I'd appreciate if anyone would help me out the entries for excise duty and cenvat utilisation during sales.
    During billing document:
    Customer -- dr
    To sales a/c --(cr)
    To CENVAT SUSPENSE AC (CR).
    Now could anyone tell me what kind of account is cenvat suspense account i.e., current asset or current liability.
    Like wise can anyone help me out with the entries of excise invoice creation, TR6C Challan, Entries for Fortnightly utilization etc. that is all the entries until that particular sale is completed.
    It would be greatly useful if you could even specify the kind of account is (for each account possibly) i.e, if the account is an expense or current asset or current liability.
    If anyone possesses a document in regards to the same plz do forward the same to my mail id:
    [email protected]
    regards
    kim.

    Hi!!! Kim,
    Entries related to Excise –
    When Availing of Cenvat Credit – (T.Code – J1IEX)
    (GL A/Cs against ETT – GRPO)
    RG23A BED A/C Dr. (BS GL – Current Assets)
    RG23A E.Cess A/C Dr. (BS GL – Current Assets)
    RG23A S&H E.Cess A/C Dr. (BS GL – Current Assets)
    To Cenvat Clearing A/C (BS GL – Current Liabilities)
    RG23C BED A/C Dr. (BS GL – Current Assets)
    RG23C E.Cess A/C Dr. (BS GL – Current Assets)
    RG23C S&H E.Cess A/C Dr. (BS GL – Current Assets)
    To Cenvat Clearing A/C (BS GL – Current Liabilities)
    When Billing Document is created, Corresponding A/C Entry -
    (GL A/Cs from VKOA & Tax Codes)
    Customer A/C Dr. (Recon GL – BS – Current Assets)
    To Sales A/C (P&L GL – Income)
    To BED. Recovered A/C / Cenvat Suspense A/C
    To E.Cess Recovered A/C / Cenvat Suspense A/C
    To S&H E.Cess Recovered A/C / Cenvat Suspense A/C
    When BED / E.Cess / S&H E.Cess Recovered A/Cs are used -
    These are P&L A/Cs & Grouped as Income A/Cs in FS Version.
    When Cenvat Suspense A/C is used  -
    It is BS A/C & Grouped in Current Liabilties in FS Version
    When Creation of Excise Invoice - (GL A/Cs against ETT - DLFC)
    E.D Paid A/C  / Cenvat Suspense A/C Dr.
    To BED. Payable A/C (BS GL – Current Liabilities)
    To E.Cess Payable A/C (BS GL – Current Liabilities)
    To S&H E.cess Payable A/C (BS GL – Current Liabilities)
    When E.D. Paid A/C (P&L GL - Expenditure)
    When Cenvat Suspense A/C (BS GL - Current Liabilities)
    When TR6 Challan & Deposit of Cash into PLA A/C - (JV by FB50 / F-02)
    PLA on Hold A/C Dr. (BS GL – Current Assets)
    To Cheque Issued A/C  (BS GL – Current Assets)
    Updation of TR6 Challan in J1IH – (GL A/Cs against ETT – TR6)
    PLA BED Dr. (BS GL – Current Assets)
    PLA E.Cess Dr. (BS GL – Current Assets)
    PLA S&H E.Cess Dr. (BS GL – Current Assets)
    To PLA on Hold A/C (BS GL – Current Assets)
    When Fortnightly Utilization – (T.Code – J2IUN)
    Utilization from RG23A Registers / RG23 C Registers (GL A/Cs against ETT – UTLZ)
    BED. Payable A/C Dr. (BS GL – Current Liabilities)
    E.Cess Payable A/C Dr. (BS GL – Current Liabilities)
    S&H E.cess Payable A/C Dr. (BS GL – Current Liabilities)
    To RG 23A BED A/C Cr. (BS GL – Current Assets)
    To RG23A E.Cess A/C Cr. (BS GL – Current Assets)
    To RG23A S&H Ecess A/C Cr. (BS GL – Current Assets)
    BED. Payable A/C Dr. (BS GL – Current Liabilities)
    E.Cess Payable A/C Dr. (BS GL – Current Liabilities)
    S&H E.cess Payable A/C Dr. (BS GL – Current Liabilities)
    To RG 23C BED A/C Cr. (BS GL – Current Assets)
    To RG23C E.Cess A/C Cr. (BS GL – Current Assets)
    To RG23C S&H Ecess A/C Cr. (BS GL – Current Assets)
    Hope that this information will serve your purpose.
    Please give necessary marks.
    Regards...
    Ameya D. Mohoni...

  • Excise duty laoded on Asset - now to be reversed

    we have purchased following two M/c against license so whatever duty we paid on that asset is refundable to us from government. So as per prudence accounting standard it will not form of our cost of asset( Machine ). But at time making PO it was included in Material and accordingly loaded on Asset . So m/c value up by respective duty in Asset register . It is now required to reduce the asset value by that excise duty in each machine . And debit the said amt to u201CExcise Receivable A/cu201D .

    Hi Manisha,
    To reverse investmene measures is described in notes 67448 and 529678. 
    In your case you have to create a transaction type  and post the amount with ABIF (note 67448)                                           
    Please follow not 529678 in creating the new transaction type.
    Regards Bernhard

  • 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

  • Excise Duty (IS-OIL) - Invoice verification and accounting ED

    Hello experts,
    I have a case in my importation process with excise duty (IS-OIL). I have the following scenario: Purchasing Ed free material and receive it in ED paid Storage Location. So I use Handling type 00 and Valuation type TAX in the PO excise duty item data. I woul like to kwon Which is the standard process for the invoice verification of the excise duty cost when the handling type is 00 and the valuation type TAX?. And How can I do the invoice verification (MIRO) if there is not a specific line in the purchase order history for the excise duty cost?
    I have another case in the accounting of movement type 301 (transfer posting between 2 plants). The accounting posting is the following:
    Examle:
    Account                       Transaction
    1. STOCK FUEL          S                    BSX (Stock account)
    2. STOCK FUEL            H             BSX (Stock account)
    3. STOCK EXCISE DUTY     S             SVO (ED Account)
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    I would be grateful if someone could help me with these cases.
    Thank in advance.
    Pablo

    Dear Prashant,
    Thanks for reply, but i checked my excise cond types, in all conditions, cond cat is blank & cond class 'A' is maintained i.e. Discount & Surcharge.
    My problem is that, my excise value is not got posted in net receivable value in accounts. This problem arise, when we make sales order, Net Value field doesn't pick excise there & while invoicing, it post only the base value & rounding off adjustments at header level. I don't know, from where this Net Value field in sales order is picking the value but my problem will solve if my grand total value(base valueexciseedu cess+higher edu cess) will pass to Net Value field while making sales order. Kindly help.

  • Excise Duty is not gettig posted in accounting doc

    Dear Experts,
    In one of my excisable plant, in pricing procedure, excise dutyeducation cesshigher edu cess is calcualted on the basis of base value, which is coming fine. But our requirement is that base valueexcise dutyeducation cess+higher edu cess, combine value should come in Net Value field while making order & invoice. Because of the same reason, excise duty value is not posted in FI, accouting doc of the same is not generating as only base value accounting documents got generated. I have tried by changing the subtotal value but it doesn't work. Kindly help.

    Dear Prashant,
    Thanks for reply, but i checked my excise cond types, in all conditions, cond cat is blank & cond class 'A' is maintained i.e. Discount & Surcharge.
    My problem is that, my excise value is not got posted in net receivable value in accounts. This problem arise, when we make sales order, Net Value field doesn't pick excise there & while invoicing, it post only the base value & rounding off adjustments at header level. I don't know, from where this Net Value field in sales order is picking the value but my problem will solve if my grand total value(base valueexciseedu cess+higher edu cess) will pass to Net Value field while making sales order. Kindly help.

  • Excise duty recover account- urgent issue

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    Dear All,
    After doing billing and it is released into accounting then in excise duty account is showing more on credit side , but as per i know it should get nullify ..
    it is not nullifying pls tell me what i have to do if any configuration is done pls guide me.
    Thanks & Regards,
    Satish Kumar.m

    Hi,
    Once Post Goods Issue has been done.
    Accounting Entries
    COGS A/c Dr 100
    Inventory A/c Cr.
    After that when we do billing through T.CodeJ1IN there will be two accounting documents one is for excise i.e
    Excise Paid A/c Dr 16  (Verify the same should be attached in ETT Table under CENVAT Suspense)
    Excise Duty Payable A/c Cr 16
    Customer A/c Dr 116
    To Excise Recovered A/c 16 (Verify in ETT Table GL Account will be attached to 'DLFC' Excise Transaction key)
    To Sales A/c100
    Thanks,
    Padmaja N

  • Excise duty account is not nullifying.

    Hi,
    gurus,
    Urgent issue.
    In billing  Excise duty is going to a clearing recovery account and then during excise invoice creation its nullifying the clearing account and going to excise duty payable account.
    but if we go to individual g/l account of excise duty recovered account it is not nullifying here.
    pls suggest me if i am wrong ..
    if further any conf. is to be done if so pls tell me..
    Thanks & Regards,
    Satish kumar.m

    Dear All,
    in the flow of billing system is showing correct flow  ie.,
    in accounting 2 doc were created
    1)
    Customer A/c Dr
    To Sales
    To ED Recovery Ac
    To CST payable
    2) entry (in excise )
    ED Recovery A/c Dr
    To,
    H&S A/c
    To,
    E.Cess A/c
    but my question is if we see individual entry in ED Recovery Account i am getting cr side more than dr.side
    ie., it is not nullifying the entry.
    my doubt is if we have to make any cof. if so pls tell me ..
    Thanks & Regards,
    Satish Kumar.M

  • Excise Duty values getting inventoriesed in MIGO but reversed in MIRO

    Dear Experts,
    I am using Taxinn procedure and while creating the PO the excise duty values are calculated properly but when I am posting the MIGO the stock value is posted along with the Excise duties. The excise invoice is captured & posted in MIGO itself and the values are posted correctly.
    While posting the MIRO the excess amount is posted at the time of MIGO is posted back to the material. How do i fix this??
    thanks in advance
    Suresh

    Hi Jayakantan/Ashok
    thanks for the replies
    I am using Taxinn procedure and the conditions are flowing from that procedure. In the purchase order i am giving the condition types only for basic price and freight.
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    I have done the following settings as well for the condition types
    spro>log gnrl>tax on goods mvmt>india>basic settings>maintain cond typs>classify cond types
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    Suresh

  • Excise duty reverse entry effect in case of vendor return

    All SAP gurus,
    At the time of vendor return of excisable material (with movement type 122).
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    It require to debit be excise duty only one time (RG22-PART 2 OR J2IUN).
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    Regards,

    Please help me

  • Accounting document not created at the time of capture and post excise duty

    Hi
    Accounting document not created at the time of capture and post excise duty
    Please explain what the reason
    Regards,
    Channa

    reloved myself

  • Additional Excise duty not posting to G/L account

    Hello,
    While capturing excise invoice in J1IEX, i am entering following value as:
    Basic Excise duty: Rs.140
    Additional Excise duty: Rs.40
    Education Cess: Rs.7
    Sec.Edu Cess: Rs.1.4
    After posting follwoing accounting entries occuring:
    Basic Excise duty: Rs.140          Debited
    Additional Excise duty: Rs.40
    Education Cess: Rs.7                 Debited
    Sec.Edu Cess: Rs.1.4                Debited
    Cenvat Clearing: Rs.148.4(14071.4)  Credited
    In above  entries additional excise duty is not debited.
    Thank,s in advance
    Parag

    Hai,
    Please check the following in
    1. IMG - Logistics general - Tax on goods & mvts - India -  Basic settigs - Maintain Subtransaction type IP - ADC - Additional 4% budget 2006.
    2.IMG - Logistics general - Tax on goods & mvts - India - Account determaination - Speicfy excise accts per transaction. Here check for GRPO - Debit indicator - RG23AED Account.Check it for IP also.
    3.IMG - Logistics general - Tax on goods & mvts - India - Account determaination - Specify GL accts per excise transaction.Here check for Excise group - Excise transaction type - CoCode - Gl accts for RG23A or RG23C cloumn. CHeck it for subtransaction type IP also.
    The IP - Subtransaction type is used at the time of Import Purchase.

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