Excise Duty at the time sales and utilization

Question

HI,
There is requirement of the client that when making the billing - Outgoing Excise Invoice.
The Entry should come this way
Excise Duty Suspense Account Debit
To Excise Duty Collect on Sales Credit (P&L - Income)
When at the end of the month when doing utilization
The entry must be
Excise Duty - Paid Account (P&L- Expense) Debit
To CENVAT receivable account
How can we configure this scenario.
The first part Outgoing excise Invoice I did in ETT - DLFC it is working fine.
But when doing utilization the same GL is being picked how can I give the Excise Duty paid GL there instead of Excise Duty collected on sales

Answer 1

Hi,
Path ::::::: SPRO -> Logistics - General -> Tax on Goods Movement -> India -> Account Determination -> Specify G/L Accounts per Excise Transaction
Entry
Excise Invoice
J1IIN
Dr        /             GL A/c    /     Excise Paid     /   Cenvat sse    /   Excise Excel  /    DLFC    /   Profit and loss
Cr        /     GL A/c    /     ED Payable     /   RG23A AT1   /   Excise Excel  /    DLFC   /   Balance Sheet
Cr       /     GL A/c    /     ED Payable     /   RG23A BED   /   Excise Excel  /    DLFC   /    Balance Sheet
Cr       /     GL A/c   /     ED Payable     /   G/L RG23AE  /   Excise Excel  /    DLFC   /    Balance Sheet
Regards
Sanj