Excise Credit Problem - Urgent

Question

I have a typical condition to deal with.
We have a situation where we had taken modvat in March07 of few excisable items. and now we have to take goods receipt in month of april 07. so we want to take cenvat credit in april and want want to update the stock and excise register accordingly. how can we go for...
SAP B1 is being implementd from 01/04/2007 and we have considered opening balances as on 01/04/2007. AP invoice of this case has already been done in last financial year which had reflected in the opening balances which we had enterd.
Plz helppppppp!!!!!!!!

Answer 1

Hi Amol,
  I understood that you have availed CENVAT in March. But you are going to book that goods receipt in April.i.e Next Year.
You can do two things: One you can do regular transaction and then you can reverse the CENVAT Jouranl.
If you dont want to calcualte excise, then you have to untick the Excisable Option in Goods Receipt and Then you have to create a new tax code for excise but not using CENVAT. Now You post the invoice. SAP wont ask for Incoming Excise Invoice