Dedctable Vat,vat on hold account,vat receivable account.

Hello Guru's
Please tell me when we avail the vat credit.Is ther any FI entry made when the GR is posted.
What is RM dedctable Vat,vat on hold account,vat receivable account.
From
Shikha

Hi Keith
You will need to contact customer support to update this for you: http://helpx.adobe.com/uk/contact.html
Thanks
Bev

Similar Messages

VAT 50% & balance on hold account

Hi,
VAT is applicable for one asset purchase. i.e for capital items. So VAT input 50% will be eligible to claim in current year and balance % to be booked in to VAT on Hold account. This is to be automated without transfer posting.(journal posting)
Can any one advice me the possible solution.
govind.

Answered

Multiple Accounts in GL Vat Receivable

Hi to all,
We had assigned GL account for Vat Receivable in T code OB40 - Maintain FI configuration : Automatic Posting with description "A/P VAT RM Deductibl" & transaction JP5.
Subsequently with introduction of Business Place concept we defined the GL code in view J_1IT030K_V using T code SM30.
My problem is that during IV the system sometimes picks up the GL defined in OB40 & sometimes the one defined in SM30.
Whats the solution of this problem.
Regards,
Saurabh BAgri

Hi,
In OB09, you can have separate GL accounts for the following.
Exch Rate Diff Realized: Loss
                                         Gain
Valuation:                         Val.loss 1
                                         Val.gain 1
                                         Bal.sheet adj.1
Transalation:                    Loss
                                         Bal.sheet adj.loss
                                         Gain
                                         Bal.sheet adj.gain
But you cannot maintain 2 Bal Sheet Adj Accounts here. I hope Val Gain and Val Loss will serve your purpose.
Regards,
Srinu

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

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?

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.

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

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

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

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

Automatic transfer of WHT from on hold account to payable Account

Hi,
My client requires an entry to be triggered from payable account to on hold account automatically.
The scenario is: Using FB60 or MIRO tcodes the vendor liability is accounted and necessary tax liabilities are taken to on hold account. When the user makes the payment with respect to the liability to the vendor, the tax liability has to be moved from on hold account to payable account automatically.
Can somebody suggest me the logic for developing this automation.
Thanks
Prasad

Dear Prasad,
What we will suggest you is that go for a "Z" report.
You have to create two g/l code namely on hold account and final account(similarly you can create g/l for cess,etc).
While posting the document via FB60/MIRO or payment entry the WHT part will go to the on hold account(assign the on hold account in the WTH config).
In "z" report you write a logic,that if the clearing documnet field is not equal to blank with Document Type RE,KA,KR.etc (with T.code,etc as per your requirement fro filtering the data)debit the on hold account and credit the final account.
Now you can schedule this program in schedule manager to run as per your requirement else you can run manually.
As per knowledge goes,we are proposing this solution for you.
Do revert.
God Bless.
Regards,

Asset Creation with intermediary Asset Holding Account

Hello Gurus,
We are on ECC6.0 and SRM 7.0 , business requirement is to procure the asset from the P2P cycle and have an Asset Holding account as an intermediary account. And at Month End post the balance from the intermediary account to the main asset account after review.
Business has clear requirement to have the all posting first going from the P2P cycle to a Asset Holding account( intermediary account) and at month end review the same and than create the asset and than transfer the posting from Asset holding account to the Main asset Account.
Can you please provide inputs how do we address the same.
Thanks & Regards
Rutvij

Hi
I understand about the AUC after checking various threads on SDN.
But i am wondering is my requirement addressed
'Business has clear requirement to have the all posting first going from the P2P cycle to a Asset Holding account( intermediary account) and at month end review the same and than create the asset and than transfer the posting from Asset holding account to the Main asset Account"
So if we go with AUC , we need to create a asset number before the procurement process starts.
At the completion of the AUC once the asset is settled, for the new asset procurement business will have to create a new AUC asset number.
Hope I am able to help you in understanding the requirement.
Any inputs in this regard are helpful
Thanks & Regards
Rutvij

VAT Receivable in case of Returns Sales

Hi SAP gurus,
If the returns is within 6 months from the date of original sales invoice date, then we can take credit of VAT. Otherwise, we cannot take credit but to show in expense account.
When taking return with original billing doc , pricing procedure will get copied. in such case VAT condition will also get copied .
so for sales Return after 6 months there shud not be VAT condition & VAT amount should get added to the pricing as we need to give customer full amount credit.
How can we take care of this situation. is there any simple way to do this ?? or we need to delete the VAT condition & then add same amt in the base price manually
Thanks
Vishal

Though couple of suggestions are there to delete manually, for me, it is not adviceable. This is due to the fact that when the original billing was generated, the corresponding VAT would have been debited to customer account.
Now when the return order is created and let us assume you delete manually those VAT condition types and subsequently generate a credit note on customer.
In this circumstances, from FI point of view, this is wrong because, for the debit entry, you have to pass a credit entry also; only then the loop will close. When original billing was generated, the corresponding tax value would have been debited to customer account and if you do not adjust this entry, then this amount will show as a debit entry in customer account.
So from FI side, suitable exit should be applied in such a way not to take credit of such returns.
thanks
G. Lakshmipathi

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

Dedctable Vat,vat on hold account,vat receivable account.

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