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

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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.
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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 +
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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
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Difference occurs after PCA Transferred for Accounts Receivable

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There is a ticket which says.."Difference occurs after PCA Transferred for Accounts Receivable in month end ".
Can anyone help me in understanding the concept. What exactly does it mean and where do i need to check.
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Mercy

We were able to trace the reason for the difference.
We checked the difference between FI and PCA and found it is due to old document clearing timing problem.
Since it happened in April and we cannot change in FI , we can only manually adjust in PCA itself.
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Mercy

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?
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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.
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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?
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ssp

Hi,
by using T-code J2I8 we can transfer cenvat on hold balance to next year.

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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.
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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.
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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.

Cenvat on hold

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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%.
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U check
CAPE with
Cenvat Hold Cr
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Please let me know for service purchase order hold button is available or not. when Iam creating a purchase order with item category D (services), then immediately disappears the hold bottom, but other item categories hold button is appearing and possible to kept PO in hold mode. Is their any user exit or config. setting to appears the hold flag for service PO.
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Enjoy purchase orders cannot be put on hold if any of the following
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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.
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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.
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Cannot Reconcile : Crossed Return Date, please Reverse
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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.
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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

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Regards
Anis

hey the problem solved
Go to J1ID and here select option as "Excise Indicator for Plant" and maintain following details.
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Excise Reg. No. - As Applicable
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CST no. - As Applicable
LST no. - As Applicable
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Service Tax Regn.No - As Applicable
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hi,
what is difference process constraints and hold and defaulting rule.
please give me a brief about all three.

Your question is quite broad but I will try.
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See http://www.oracleug.com/user-guide/order-management/holds for details
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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

Difference in Cenvat on Hold transfered for FY 2008-09 into FY 2009 -10

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