Cenvat suspense and cenvat clearing

Hi
Please tell me how to clear cenvat suspense and cenvat clearing in case of sales return and purchase return? pls give the T-codes and the entries
thanks in advance

Similar Messages

How to offset Cenvat suspense and cenvat clearing

Hi
Please tell me how to clear cenvat suspense and cenvat clearing in case of sales return and purchase return? pls give the T-codes and the entries
thanks in advance

Hi Dina/Experts,
I would like to know the Accounting that takes place while Capital project is setup to collect costs as follows:
Supplier Cost for Architectural drawings: $2,000.00
Supplier Invoice for building Contractor: $5,000.00
Supplier Invoice for building Permit Penalty: $ 100.00
$7,100.00
Employee Labor project Management: $1,400.00
Employee Expense Report for Misc. Costs: $ 800.00
Cost for Usgae of Company Car: $ 150.00
TOTAL COSTS FOR PROJECT X $9,450.00
=======
What is the Accounting in AP for the Capital Project? What is the Accounting that would take place once the Costs are interfaced to Projects fom AP?
What is the Accounting that takes place when you generate Asset Lines if at all?
What is the accounting that takes place once the Project Cost are Interfaced to Fixed Assets?
Thanks,
Arun

Difference between cenvat reversal and cenvat canceling

hi
i wanted know what is the difference between cenvat reversal and cenvat cancel.
give me the account posting details also in both the cases.

Hi,
Sorry by mistake i wrote wrong question..
It should be:
Hi,
What is the difference between GR reversal and Return delivery?
As per my understanding,
1) We can do GR w.r.t PO Mvt type 101
2) Now i did GR w.r.t PO Mvt type 102.
Result quantity got reversed..
Now ,
1) I did GR w.r.t PO Mvt type 101.
2) Now I selected " return delivery" and " material document"
Result quantity got reversed..
Then What is the difference between GR reversal and Return delivery?
Is there any differnce of accounting entry in between them?
Tx
Uts

Register and cenvat

hi,
1) what is excise register?
2) what is the difference for RG register and PLA register?
RG23A Part 1 and Part 2 used for RAW METERIAL . for Exp u buy a raw meterial so the Qty of u purchased will go RG23A Part 1 and value go to the Part 2. the same way when u sell also Qty will go the Part 1 and Value of the Qty will go the Part 2.
3) value in part2 means the excise duty or material value? should be excise duty right?
4) rg23a part II shows the amounts of excise duty on the materials, and how much you have transferred to the CENVAT accounts.
may i know what it means by cenvat account? cenvat account like example rg23abed? what about plabed? they are cenvat account or register?
5) what the difference for cenvat account, pla account, pla on hold, cenvat suspense and cenvat clearing?
thanks

Hi,
Please try for these.
J2I6 :Print excise registers
J2I9 :Monthly CENVAT return
Thanks,
Vasu..

Clearing of Cenvat, cvd, cenvat suspense celaring accounts

Hi
Can any one explain how can we clear the gl accounts of Cenvat clearing, CVD Clearing, Cenvat suspense accounts.
Regards,
Naru

Hello Naru,
CENVAT celaring account would clear wrt to Part2 account entry and MIRO entry. ( It should be clear with respect to Purchase order and Line item number). Transaction code :- F.13
Cenvat suspenses account :- Clearing should happens nature of business tranactions. ( Mainly delivery or sales order number )
Regards
Mani

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 Suspense Account to be populated with Billing Document No.

Hi,
Cenvat Suspense Account gets credited when billing document is generated and the same gets debited when Sales Excise invoice is created. Is there a way to populate Billing document no. in both cases in the assignment field so that can be cleared automatically
Regards,
SAPFICO.
Edited by: SAPFICO on Oct 10, 2010 12:05 PM

You'll have to create a Substitution rule in GGB1 for the transactions and in that, you select User Exit as the parameter. Then have your ABAP consultant to write some code to extract the Billing document number and fill the Assignment field of the Cenvat suspense account (you can default the GL Account number it in the program itself if you are using one account, which is normally the case).
Then activate the substitution for the Co. Code in OBBH.
Ravi.

Modvat and cenvat

What is Modvat and cenvat?

Hi,
MODVAT is MODIFIED VALUE -ADDED TAX
CENVAT is CENTRAL VALUE-ADDED TAX
Modvat (Modified Value Added Tax) was replaced by Cenvat (Central Value Added Tax) w.e.f. 1.4.2000. Principally, there is no difference between Cenvat and earlier Modvat. However, some differences are given below -
1. Cenvat is under rule 57AA to 57AK while Modvat was under rules 57A to rule 57V. These rules have been removed from statute book w.e.f. 1-4-2000
2. Modvat contained separate provisions for capital goods, while Cenvat rules combine provisions in respect of capital goods and inputs
3. Modvat prescribed statutory registers RG23A and RG23C. Such statutory registers are not required under Cenvat, but records have to be maintained, which require all information as was required in those registers
4.Modvat contained separate provisions for waste and scrap. Cenvat rules consider waste and scrap as any other final product and make no separate provisions in respect thereof.
5. In Modvat, inputs was required to be sent for job work on payment of 10% duty. This nuisance has been removed in Cenvat. Goods sent for job work under Cenvat has to be brought back in 180 days.
6. Modvat could be availed only on 'duplicate copy of invoice'. Cenvat can be availed on any copy of invoice.
7. Moddvat contained provision that duty paying document will be valid only for 6 months. Cenvat does not contain any such restriction.
8. In Modvat, credit on capital goods could be taken immediately, while in Cenvat, it has to be taken in two yearly installments of 50% each.
9.Modvat required installation of capital goods for availing credit. This requirement has not been specified in Cenvat.
Hope this is clear
thanks,
santosh

Cenvat a/c not cleared

Hi
i am clearing billing document, but cenvat suspence A/c is not cleared.

Hi
Once u do the J1IIN then the suspense account is cleared
Regards,
Amit Shinde
Akknowledge If satisfied

CENVAT postings and calculations.

We maintain the tax code with the help of which system calculates the taxes on items.
In tax code we maintain the condition types for calculation of taxes.How can i check how much amount has been paid as BED for example and other taxes on purchase of various items in a specific period.
Also how G/L accounts are assigned to various taxes or condition types.What is the significance of account keys in calculation schema?
Also how does sytem calculates the CENVAT amount( from where does the system get all information about calculation of CENVAT) and post it to the system.
Also in PO whether we have to mention the tax code everytime ,and is there any direct relation of tax code > material, taxcode> vendor

Hi Deepika
Here i am giving you snap shot of CIN in SAP first you understand following example
Suppose you have purchase raw material so for this whatever excise duty you have paid is recordinf Separately in the register named RG23A. Similarly in case of Capital its known as RG23C.
The only difference between them is that in case of RG23A full value of excise goes to regaister.Suppose on total value of PO 100rs you pay excise 16% i.e. 16 and education cess is 2% i.e. 0.32.
In this case RG23A will updated as follows at the time of MIGO
Excise Entries
RG23A BED 16.00
RG23A Ecess 0.32
Cenvate clearing account -16.32
Stock Enteries
Stock account 100
Gr/IR account -100
In case of capital only 50% of duty goes to the register rest of Excise amount goes to hold.If we take above example then following transaction happens
Excise entries
RG23C BED 8.00
RG23C Ecess 0.16
Cenvate on hold 8.16
Cenvat Clearing account -16.32
Stock Entries
Stock account 100
Gr/IR account -100
After one year of this excise transaction on hold amount of capital goods can be transferred to registers according to excise law.For this transaction code is j2i8.
in PART1 entries also there is excise invoice details ?
Ans --> In excise invoise qty you are reciving are treated as part 1 entries at the time of capturing invoice part1 of respective excise register gets updated.
afetr posting excise invoice, what about invoice verification ?
At the time of invoice verification
following entries passes on if we take above example
Vendor account - 116.32
GR/IR account 100.00
Cenvate clearing acc 16.32
I hope this would clarify doubts regarding entries
Another regsiters used are
RG1 --> For Finished good means at the time of sending them out this registe updates
Now next
<b>Also how G/L accounts are assigned to various taxes or condition types.What is the significance of account keys in calculation schema</b>
These are assigned according to Excise transaction Type for example for goods recipt we use GRPO so we assigne GL codes w.r.t. Excise Group Excise TT and Company Code at
IMG--> Logistic General --> Tax on Good Movement --> India --> account Determination --> Specify GL codes to excise Transaction Type
Then Excise Transaction type are determined according to Movement type which can check here
IMG--> Logistic General --> Tax on Good Movement --> India --> Business transaction >Incoming Excise Invoice> Specify which Movement type Involve Excise Invoice
I hope now you can get clear picture of CENVAT postings and calculations
Regards
Vivek
-- Reward for the Efforts

Wrongly captured in our cenvat invoice and RG-23D Register

Hi Users,
I am facing a problem in CIN- where Excise details are wrongly captured in our cenvat invoice and RG-23D Register can anyone guide me the possibilities of errors, ASAP Please............
Tahnks & Regards
Siva

I have already done that. Paking indicator has also been maintained in the J_1IRG1 as well. I have executed the note as well. Its not that the values are not flowing. It is
for instance
Opening Balance     Quantity Manufactured         TOTAL     REMOVALS
                                                         Quantity     Value
0                                  100                    0     0     0
0                                  100                    0     0     0
0                                  100                    0     0     0
0                                    0                    0     10     0
0                                    0                    0     10     0
If you see above the opening balance in the second line item should be 100 and third should be 200...
Also the removals qty are reflected ut not value. Pls explain. The problem kin the closing balances is of the same type.
regds
Jude
Edited by: jude xavier on Jun 4, 2008 2:51 PM
Edited by: jude xavier on Jun 4, 2008 2:56 PM

Diffrence bbetween excise and cenvat

hi gurus,
tell me the the difference between excise duty and cenvat.
Thanks in advance
RAVI

How can we post through finance can anybody help? i dont have finance consultant now with me.
Regards,
SAGAR

Reg: CIN GL Accts CENVAT Off Set A/c and CENVAT Payable A/c

Hi,
Can any one explain what is the use of the below GL Accts and tell me in which Acct Group (P&L or B/S) I have to create?
1. CENVAT Off Set A/c
2. CENVAT Payable A/c
Quick response will be Highly appriciated.
Thanks
Chandra

Hi Friend,
Thanks for the help.
Yes, CENVAT Payable is Liability A/c and CENVAT Offset A/c is Liability or Asset.
where can we use these accounts.? and for both accounts can we select Open Item Management?
Thanks in Advance,
Chandra
Edited by: BCSJVS ChnadraBS on Dec 9, 2009 5:02 PM

Logical and physical clear in ASO

Hi There,
I found one statement for Logical and physical clear in essbase dbag
The process for logically clearing data completes in a length of time that is proportional to
the size of the data being cleared.
The process for physically clearing data completes in a length of time proportional to the
size of the input data, not to the size of the data being cleared
What does size of the input data actually means? How it is different from data being cleared.
Thanks.

What is interesting with these statements is based on them, you would think a logical clear would be slower than a physical clear. In reality, it is vastly faster. I took a 30 minute physical clear down to about 40 seconds with a logical clear. Logical clers create offsetting entries from the main cube in a slice to produce a result whila a physical clear deletes the actual data. The one thing about logical clears is rather than have #missing for cleared intersections you get zeros

My question is How to do old 4S to new 5 S to save same into phone but can not do ask someone last night and did not help me as I am deaf and not clear and Please man told me download from computer and I am not understand at all

Yesterday We went to At and T store and they told me to download from old phone to new phone and I am really upset and I got Icloud and prove but part of still in 4S and has not go in 5S and that is biggest problem and no commuication that woman stay follow what she said but still not working so I do not know what else to do my do not understand and I would like to have someone do for us and AT and T store can not do that part so Told me Apple store and I called last night talk to some one on Apple store but told me that no go back to AT and T store so now total confuse and I am not get anywhere so and why they will not do it so therefore I do not think computer that not clear for us because we have no experince in computer program for this so both are deaf and not clear so over 50 years age and so we need face someone to do for us and told us do our self which is total upset us more so because my twins are in Orlando and can not call them because of problem contiunes in heart so I need someone who we can trust and help us. I do have IPAD mini and almost lost my calls to my twins and today I think get back but not 100 % so I am kind upset and who email us or I will have to go Apple Store and see if they know personal.

Open this support document http://support.apple.com/kb/HT2109 print it from the computer and follow the steps there. You need to backup your data from the first device and then restore that to the new device.

Cenvat suspense and cenvat clearing

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