50% Hold on VAT (for Capital Asset procurement)

Hi Friend,
In my client place like Excise (50% Hold on Cenvat), they want to Hold 50% of VAT amount in the current year and by sub-sequent fiscal year begining they want to utilize it.
Is there any standart process in SAP?
Else any other way through which we can do the business process.
Regards,
nms

Answered

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Budgeting for capital Asset Procurrement

Hi
How can we set budgets in SAP for purchase of capital assets?
Regards
SM

Hi
You can use an Internal Order for Budgeting for capital asset purchases. In your purchase order make internal order as compulsory. there after for your Controlling area, create an internal order type and set up avaiability control for the same. Then create an internal order and assign a budget in KO22. Thereafter in purchase transaction give reference of this internal order. System would do a check for budget for asset procurement.
Thanks & Regards
Sanil K Bhandari

At times normal PR is prepared for capital item procurement. Due to this, a

At times normal PR is prepared for capital item procurement. Due to this, a normal PO is made for capital item procurement

Is this a general note or a question

50% Credit in VAT for Capital Goods(Assets)

Dear SAP MM Experts,
My client need to take 50% VAT credit in the First year and remaining 50% in the next year for Assets(Capital Goods). Currently I have configured 50% Cenvat credit for Excise duty, it was working very well using J1ID.
But for VAT, what configuration is necessary to take 50% VAT credit for Captial goods(Assets). Right now I use JVCD for taking 100% to VAT and JVCN to make it as inventory(Non Deductible).
Please do the needful.
Thank you.
Regards,
Baskar

This is standard behavior of SAP. In case domestic purchase, we can avain 50% CENVAT on additional excise duty (AED).
But in case of Import , we can avail 100% CENVAT for capital goods on additional customs duty (ADC).
Understand the difference between ADC & AED.
Try to convince client for the same. If he is not convinced, better write to SAP. Don't make changes related to subtransaction type 'IP'.

Setup for Down Payment made to the Vendor for Capital Assets(Otherthan AUC)

Hello,
Can any one explain how we can make down payments to vendors against capital assets and what setup is required for this.
Plz advice.

Hi,
At the time of making down payment to vendor under capital assets purchase specify the purchase order number. For this vendor reconcialtion account and down payment special g/l symbol should assign first in OBYR.
There u can choose the special gl indicators.
Hope this is helpful, if yes assign points.
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Sankar

Purchase order for Capital Asset.

Hello,
How can I create the purchase orders for Capital Asstes?
Narendra.

Hi,
You first need to create Asset Number in transaction AS01. This is normally done by finance people. Once you get the asset number, create purchase order in transaction ME21N, by selection account assignment as A - Asset. Enter other data such as material number, quantity, requirement date, price, tax code. In the account assignment tab at item level, enter the asset number you got while creating the asser in transaction AS01. Save the purchase order.
Once you receive the material against this purchase order, the accounting entries will be done against the asset number.
Hope this fulfills your query.
Regards,
Prashant

VAT for capital goods

Hi Friends,
I have created a tax code with VAT for Captal goods JVCD. But in PO itself it's values is not getting. I have to activate this condition type ,I think. Can any body please convey, How to activate this condition type JVCD?
Regards

U r using TAXINN(i think)
go to FV11 and maintain the condition record of JCVD.based on the access sequences ur having.
that is the only way to get values in PO.
regards,
sujit

An SAP Solution for capital planning and Budgeting of Capital Assets?

Is there an SAP Solution for the Planning and Budgeting of Capital Assets?
A solution that provides planning, budgeting, and tracking for capital assets through the entire life cycle of each asset, from the initial request through the final disposal.
The solution needs to be able to run scenarios. A scenario contains equipment that may potentially be purchased. Scenario items are used to help determine cost, capacity, and cash flow feasibility.

Hi
What you suggested is the ideal approach...
However, if they say that the budget allocated to capital purposes (70%) applies to both capital projects and expenses and they would like to control it together, but have reports separately, it is not possible with standard SAP...
If they want to have just one IO for both cap and exp, You can suggest them a work around to capture CAPITAL or EXPENSE in a ref field (XREF1 in BSEG) and you can run KOB1 with XREF1 displayed in it....
In standard KOB1, XREF1 is not displayed, you have to use Exit COOMEP01 to include the fields you want... Add XREF1 to the Structure CI_RKPOS and write your code in the include ZXKAEPU01 of EXIT_SAPLKAEP_001
Without an identifier @ the time of booking the transaction in the system (Either by way of IO or a ref field), you wont be able to generate reports later on
Regards
Ajay M

Depreciation run for legacy assets

Hello,
This is the first depreciation run in SAP for the month of April 2007.
System is posting depreciation for those assets procured during the year i.e purchased in April but not posting for legacy assets i.e assets uploaded from legacy.
Regards
Sreekanth

Hi Murali,
Our Fiscal year is betyween April and March. Depreciation for legacy assets has been uploaded till the month of March 2007.Planned depreciation is getting displayed in the asset explorer under Fiscal year start column.
Hope u were looking for this info.
Regards
Sreekanth

Excise Invoice Cycle for capital goods

Hello,
Can someone enlist the complete CIN config settings & J1ID settings for capital goods procurement.
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Mahesh

Hello,
Can someone enlist the complete CIN config settings & J1ID settings for capital goods procurement.
Regards
Mahesh

Creation of Assets for Capital Investment Measure

Hi,
Can some please tell me how to create an Asset for Capital Investment Measure.

Hi,
First you have to create master data using asset class AuC.
You have define asset class for Capital Investment Measure (AuC class) in t-code : OAOA. And still in the same t-code (OAOA), you choose "investment Measure" in box "Status of Auc".
If you choose "Investment Measure", the assets under construction in this asset class can be created solely in relation to capital investment measures (internal orders or WBS elements). So you cannot create and post in Asset Accounting directly (Example post using t-code : F-90).
If you use WBS Elements then you can post to the asset for Cap Invest Measure using t-code : CJ8G or CJ88.
Hope it can help.

Capital Goods(Asset) Procurement

Hi all,
I have a scenario where company is procuring an asset and the vendor from which the company is procuring the Asset is sending that Asset in different parts like for a whole machinery the vendor is dismantling at its end and then assemble inside the client premisis but sending in different shipements
Now requirement is In the PO there is only one line item with Asset code, GR is to be done for all the Dismantled parts and for that parts material master is not maintained, on some of the dismantled parts excise entry is required.
When is Asset is assembled i have to show the GR entry for complete asset and have to update my RG23C register for both Part1 and Part2 entry.
How to map such a scenario??
Regards
Akshit

Dear ,
I feel u want to take the Credit for the Parts material.
In J1IEX use the option without PO & take the credit.
In this u don't ahve to create the material code,by using material Description of u can take the credit.
Pi. use this .
Biswajit

Business Process for Refurbishment of Capital Asset in SAP PM

Dear All ,
Please explain me best practice for Refurbishment of Capital asset created as Equipment in SAP PM.The Current Standard process of SAP is for spares/equipment not categoried as Capital asset .
Regards,
Basant Kumar

Dear Chinta,
Sorry I can't give you any documentation, but let me give you a little explanation about refurbishment.
Refurbishment is a process to repair our repairable spare part, then return that spare part back to the equipment, or to warehouse.
1. Warehouse make a good receipt 'other' for the repairable spare part, (spare part is received at warehouse)
2. Make a refurbishment order (IW81). We can repair the sparepart by our technician, or by external service
3. Make a good issue to refurbishment order
4. Repair faulty spare
5. Perform good receipt with reference to refurbishment order.
6. Order close
Hope this can help.
Regards

F-47 for assets procurement before closing year

Dear Friends,
Please advise, is it possible to do asset transaction for the new year before closing or carrying out the year end activities.
our situation is FY Jan to Dec. We have not carried our year end activitites yet for year 2009, but now we need to do new asset transactions for year 2010 like we want to make F-47, F-48 for new asset.
Please reply ASAP.
Thanks.
Sunil.

Sunil
You can allow advance payments by activating / ticking the Special G/L in OB41 for posting keys 70 & 75
Test it first, if you want.
Rgds
Zubin

ED Configuration for Capital goods

Hi Gurus,
I have a problem in calculation of Excise duty with respect to capital goods.
Our client wants to Create a new tax code ......though which they can claim the .....Input of 50% Excise duty this year and 50% next year,( for that he want to update two different GL accounts for these percentages) and 4% VAT on it.
EX:
The new tax code for 12.36% of excise duty + 4% VAT, required in a single tax code. (This 12.36% ED -- 50% this year and 50% next yr)
Required for the following scenario
Suppose Base AMC valve is          Rs.10000/-
12.36% of Excise duty which is     Rs.1236/-
4% of vat on Rs.11236/- which is    Rs.898.88/-
Total amount including taxes Rs.10000 + 1236 + 898.88 = 12134.88
As the client is not using CIN, how to configure this scenario. We are on ECC 6.0
Thanks in adv,
Sri SAP

Hi,
1. for Capital Goods, first in J1ID miantain in material and chapter id maintain that material code with Assets.
2. In Create PO with Account assigment as Assets.
3. In SPRO, while maintaing specify Excise accounts per Excise TT as
CAPE          CR Credit     ONHOLD CENVAT on hold account
CAPE          DR Debit     ONHOLD CENVAT on hold account
CAPE          DR Debit     RG23AT1 RG 23 AT1 Account
CAPE          DR Debit     RG23BED RG 23 BED account
CAPE          DR Debit     RG23ECS RG 23 ECS Account
4. Now in PART2, RG23C Register type is updated for Capital Goods
5. The Excise Posting Entries must be like
During Excise Invoice Credit
                                    Cenvat Account           Dr.       (50%)
                                    Cenvat On-hold           Dr.       (50%)
                                    Cenvat Clearing                      Cr.
6. Check the Balance Credit Capital Asset T Code J2I8
Hope help u !
Regards,
Pardeep Malik

50% Hold on VAT (for Capital Asset procurement)

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