Entry Tax

Question

Hi all,
i have a an issue with entry tax .
1.In which procedure i can include Entry tax condition type.(currently i have  included in Domestic pricing)
2. my requirement : system has to calculate entry tax on net value, net value is inclusive of Excise duty(dealer price).
entry tax is calculated on net value. and VAT is calculated on (net+entry tax)
EX: po net value 100 (inclusive of Excise)
          Entry tax     5   (5%)
           VAT         13  (12.5%) 
Total                  118
3. I maintained entry tax condition type in domestic pricing and pricing is fine at PO
4. In j1iex(capture excise invoice) i used MRP indicator and on base value i entered BED(14 RS), EDces(0.28), SHE(0.14).
5 my stock account is posted with 85.58 ( Debit)
                 GR/IR               -         85.58 (cr)
6. post excise invoice - account postings are fine ie BED -   14 Dr
                                                                       edcess  -   0.28 Dr
                                                                      SHE      -    0.14 Dr
                                                       CENVAT clearng -    14.42 Cr
7 Now at the time of MIRO, my posting are goin wrong.
         vendor account - 118 Cr
        GR/IR              -  85.58 Dr
        matl account   - 14.42 Dr
        VAT               - 13 Dr
system is taking cenvat amount as price difference amount and posing to matl account( which is wrong). ( since GR/IR credit is fro 85.58 at the time of GR)
can anyone suggest me the answer
Regards,
Girish
Edited by: Girish on Nov 11, 2008 6:11 PM

Answer 1

Hello,
Procurement of Excisable Material from a 2nd Stage Dealer.
Data Used :
Material : JCB_ROH_TEST101
Vendor :   6
Assumptions : Material price (inclusive of ED & Ecess) : 100
                        VAT  (Deductible) @ 4%                         :     4
Amount Payable to Vendor                              :  104.00
Actual Excise Invoice received for amount                   :  25
Actual Ecess amount                                  :  00.50
Total Cenvat Recd.                                 :  25.50          
Amount to be loaded on Inventory                        :  74.50
1.     While creation of PO for such cases maintain the u201CZerou201D tax code u2013 usually V0.and GR based IV is ticked.
2.  While doing GR through MIGO, enter the actual Excise duty & Education Cess     in the respective cells of Excise Tab in Item details. Also ensure to change the Base value to [PO value u2013 (BED+Ecess)]
3. In the Excise Header Tab maintain Excise Invoice No. and  Date & click on the icon  for MRP tick.
Check on MRP Indicator. This check ensures that the value going on inventory is after deducting the Excise Duty & ECess.
4.In MIRO Screen, change the Amount to the Base Amount.
Ensure that the Calculate tax Indicator is checked and the value populated in Tax Amount is = ED maintained in GR + Ecess maintained in GR + Vat maintained in PO(thru Condition record)
Regards,
Shailesh