Excise credit taken of asset

Hi expert,
In asset scenario 50%excise duty is paid in current year and 50% in next year and we take credit on that paid excise duty.Now my question is "if i have taken credit of current year and can i take 50% credit (cenvat on hold) in 3rd year instead of next year?
Any help would be apprecialble and rewarded.
Regards,
Nilesh Joshi.

Hi
to the best of my knowledge, in asset module you can perform the transaction related with transfer, retirement etc. if you want to create any legal document (specially in india), you have to create the same in SD module. for this u have to create separate pricing procedure with manual input for ED and other taxes. the pricing procedure to be such a way that u have to create sales order and then direct billing. no deliavery.
Please get in touch with your SD consultnat. still have any doubt, revert.
regards
DD

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Reversal of Input VAT credit taken in case of EOU sales within State

Dear All,
Whenever my client sells material to EOU within state, they have to reverse the corresponding input tax credit taken on the Raw material purchase from the supplier from the same state. if they supply the same from imported materials or from interstate purchase, this provision is not applicable.
I have few doubts..
1. How can I establish a link between Raw Materials for input tax credit and FGs to be sold to EOU. I have no separate material codes for FGs on basis on different kind of sales.
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Thanking all in advance.

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

Which table is used in er1 cenvat credit taken and utilized report?

hii guru
i have want to know about where is store the value of opening balance's ecs value in details of cenvat credit taken and utilized report of er1?
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Hi,
You can use an SQL Trace ( Tcode : ST05 ) to get a trace of all the Database Tables that were accessed during a transaction execution. You will get a lot of Database Tables, but you can filter out the SAP System Tables from the Application tables from the Name space.
Have a look at the following link for a complete details on the SQL Trace and the Way you can further analyze it for the proper extraction of the application tables [SQL Trace|http://help.sap.com/saphelp_47x200/helpdata/en/d1/801f89454211d189710000e8322d00/frameset.htm]
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Depot Transfer process with Excise Credit.

Hi, Gurus.
I am dispatching goods from Mfg. Plant to godown(Not registered for excise) but belongs to manufacturing company only.
i am using STO process with Excise invoice creation.
later i am taking goods back from godown to Mfg. Plant(not selling from godown) through STO process.
here i dont want to pay excise whereas i want to take excise credit of already paid excise.
How to map this????
Reg,
Amol

Hi,
Follow the below mentioned procedure;
1. ME21N - Create a Returns PO (Activate "Returns" indicator for PO line item)
2. MIGO - Goods Receipt > Purchase Order (Returns PO) (Here system will hit Mvmt type "161" and you can also select Un-restricted/blocked stock from where you want to return the stock)
3. J1IS u2013 Excise Invoice Other Movements
Here click on u201Ccreateu201D button to create an outgoing excise invoice and reverse the CENVAT Amount.
Here put all details as below and Press u201CEnteru201D.
Ref.doc.type - MATD, Doc Number - Material document No of 161 mvmt, Doc Year, Series Group, Excise Group and Vendor
Here check BED, ECS and SECess values to be reversed and click on u201CSaveu201D button to post the excise invoice.
4. J1IV - Post and Print Outgoing Excise Invoice.
5. MIRO - Credit memo w.r.t. Returns PO.
Regards,
Mahesh Wagh

Excise Credit Problem - Urgent

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!!!!!!!!

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

Credit memo on asset in closed financial year

Hi,
Is there any standard solution for the following case.
- An Asset was capitalized and also depreciated in the last year. This year was closed in FA already and cannot be nothing posted there.
- Now I need to credit this asset and have depreciation recalculated to 0 for both years (current and previous closed one)
- If I use ABGF (using asset value date 1.1.2008 - first day of current year) it is not possible to credit the whole acquisition amount as there was posted some depreciation in the previous year and NBV would be negative
How I can credit the whole depreciation amount if part of an asset was depreciated in the closed year?
How I can recalculate to 0 depreciaton posted in the closed year? Does not matter the correction is posted to the current year.
Many thanks!
Jan

Hi,
Thanks for your reply.
That is exactly what I tried. However this will recalculate only depreciation for current open fiscal year. It will not recalculate depreciation for the closed year.
Is there any other idea how to handle this?
Thanks!
Jan

Credit memo for asset with depreciation posted

HI,
There is requirement to pass a credit memo for an asset.
The asset was purchased on 01.04.10.
And have been depreciated till 31.05.11.
Now the client want to pass credit memo for the full acquisition value.
My issue is when I am passing the entry through ABGF - ... in Next Year
System is throwing error stating the value is going negative.
Then we passed the write up for the depreciated value as on 01.04.10.
Still system is giving the same error message.
Please suggest on what date should I pass the write up to clear the whole posted depreciation and pass the credit memo.

Hi,
Go to asset master change, in depreciation are tab double click on depreciation are number then select negative values allowed check box
Hope this will help you.
thanks!

ABGL Post Credit memo for asset

Hi,
In transaction ABGL (Credit Memo in Invoice Year), I wanted to issue credit memo for price difference in acquisition of asset.
issue background:-
asset bought without PO (F-90), last year 2010
Now we want to post Credit memo for this asset.
Error hit:
Acquisition value negative in area 01.
Message no. AA617
What is this error message mean? How to resolve this?

Hi,
in OADB, our setting :-
Acquisition value = +
NBV = +
Investment grants = 0
Revaluation = 0
Ordinary depreciat. = *
Special Depr. = *
Unplanned Depreciat. = *
Transfer of reserves = -
Interest = 0
Revaluation ord.dep. = 0
I follow your step, i change acquisition value field to "-", it prompt me this message:-
Caution: generic values for real depreciation area (refer to long text)
Message no. AC246
Diagnosis
You set up depreciation area 01 so that all types of acquisition values are allowed. However, this only makes sense for derived depreciation areas.
System Response
Warning message. The system allows the setting, but note that it can lead to undesired effects for real depreciation areas.
Procedure
Check the setting.
I change theAcquisition value + to -?

Cenvat Credit taken based on service tax registration

Hi Gurus,
My client is in the service industry ( oil exploration work for ONGC)
Now when client procure the material, he paid the excise duty and take the CENVAT credit against service tax.They does not maintain the excise register like RG23A & RG23C.
They required one report for take the cenvat and wants the entries of excise duty into separate GL instead of loaded into material.
SO CIN setteings are required are not.
pls suggest me what i do in that case.
As i think no setting required for excise CIN module cause client does not registered with Excise and treat excise condition into separate GL as VAT and CST.
Regards,
Dinesh

HI Nukala Padmaja,
Thanks for your help.
Could you tell me which service tax gl accounts should be entered there. We usually have 3 gl accounts i.e.
1. Service tax
2. Education Cess on ser. tax
3. ECS on service tax
and there are options for 6 GL accounts of service tax:
3 gl accounts for ser tax account &
3 gl accounts for ser tax payable
so i am confused where to entered that gl accounts.
Awaiting for your valuable suggestion.
Thanks and Regards,
Nilesh Joshi.

Excise duty laoded on Asset - now to be reversed

we have purchased following two M/c against license so whatever duty we paid on that asset is refundable to us from government. So as per prudence accounting standard it will not form of our cost of asset( Machine ). But at time making PO it was included in Material and accordingly loaded on Asset . So m/c value up by respective duty in Asset register . It is now required to reduce the asset value by that excise duty in each machine . And debit the said amt to u201CExcise Receivable A/cu201D .

Hi Manisha,
To reverse investmene measures is described in notes 67448 and 529678.
In your case you have to create a transaction type and post the amount with ABIF (note 67448)
Please follow not 529678 in creating the new transaction type.
Regards Bernhard

Credit to an asset -Issue

Hi,
We entered an invoice from vendor 158 for $3400. We were later informed that the vendor voided this invoice not payable. They would now owe AZT a credit for this amount. This invoice was posted to asset 4060004. When I tried to credit the amount to the asset it didn't work. What is the correct procedure to enter this as a credit to ACC with reference to that asset?
Kindly help me.It would be a great help if anyone provide some inputs regarding this.
Thanks in advance
Supriya

Hi Supriya
Can you reverse the invoice using transaction code AB08 (reverse asset document)?
Kylie

Posting a credit to an Asset created by a project i.e Investment measure

Can anyone help with this. i am trying to post a credit to an Investment measure using f-02. I want to create a transaction type that will work but I am not sure what the entries in this transaction type should be. Any ideas?

That's exactly what I am trying to do in f-02 with ttype 100 but I get the message, asset is an investment measure, transaction type not allowed. Am I using the wrong t- code or the wrong transaction type?

EXCISE DUTY/CVD FOR ASSETS with Act Assignment : A

Hi
claimable duties like Excise and CVD to be calculated for assets
Here the asset procurement is done with asset PO where we give a asset no
But my Excise/CVD is not calculated for this materials procured through asset PO ( account assignment A) coz iam not able to assign CHAPTER ID in J1Id for asset no, as it is accepting only mtnr.
Please help me out
Chris
Edited by: CHRIS MM on Dec 29, 2008 6:55 AM

Hi
Assign a chapter id with blank field in material master and then check.
Since there is no material master for Assets the blank field chapter id will be fetched.
Chk and revert.
Reg
Raja

Capturing of Excise for Procurement of Assets

Dear SAP Gurus,
When excise invoice is captured, material is a capital goods and the
material attracts more than two types of duty ( ex: BED and Education
cess) . Error "Balance in transaction currency " (F5 702) is
encountered while posting excise invoice if the duties are having odd
numbers.
Example: Total BED duty = 160.11, Total ECS duty = 3.23. Then while posting the excise invoice error message is encountered.
Our system is version 4.6C, and we have implemented SNote 763141 Note
763141 - Error: Balance in transaction currency - J1IEX.
We're not sure why we're still facing this error. Can you help? Will reward for any helpful suggestions. Thank you.
regards,
Jules
Message was edited by:
Ju Lee Tan

Hi Kedar,
My previous simulation shows that Debit and Credit Balance doesn't match because of this odd decimal reason. And when you do a simulation in J1IEX, it will be display mode, thus, user will not have a chance to adjust the values.
Any idea how to resolve it?
Thank you for your reply and time.
regards,
Ju Lee

Excise credit

hi all
We are sending vehicle for road ,RTO test by usnig J1IS trasaction code (excise inovice geenration) with reference to material document .We used 541 movement type & after receiving the material back we used 542 .
Now my quarry is how to take credit of excise invoice ?
Or is their any standrad process for sending materail for road test (without declaring in RG1) with excise inovice & after coming back how to do receiprt & cenvat credit.We do not want to use sale consigment processs beacuse vehicel not removed from RG1 stock

Hello
Yes it is possible.
Include RG23A and Rg23C against movement type 103 in SPRO-Lo Gen-Tax on goods movement-India-business transaction-incoming excise invoice--specify which movement types involve excise invoice.
It is obvious because at the time of goods receipt, whether we are doing 101 or 103, it will be having an excise invoice with the goods and we have to enter that at the time of MIGO transaction.
Regards
Gregory Mathews

Excise credit taken of asset

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