Excise GL accounts during billing and J1iin( excise posting)

Question

Hi,
Could any of you help me by providing the excise GL accounts which would be debited and credited during generation of billing document and at the time of excise invoice creation (J1iin posting) in Sales invoices
Thanks in advance
Uma

Answer 1

hii..
I. Direct billing to dealers
(a) Delivery creation VL01 Dr. Cost of Goods Sold A/c
Cr. Stock of Vehicles A/c
(b) Billing VF01 Dr. Dealer A/c
Cr. Sales - Vehicles A/c
Cr. Excise Duty Paid A/c
Cr. Sales Tax Payable A/c
(c) Excise invoice J1IIN Dr. Excise Duty Paid A/c
Cr. Excise Duty Liability A/c
Cr. Excise Duty Liability - Cess A/c
II. Stock transfer (Out)
(a) Delivery creation VL01 Dr. Stock of Vehicles (Receiving Plant) A/c
Cr. Stock of Vehicles (Sending Plant) A/c
(b) Billing VF01 Dr. Dealer A/c
Cr. Sales - Vehicles A/c
Cr. Excise Duty Recovery A/c
Cr. Sales Tax Payable A/c
(c) Excise invoice J1IIN Dr. Excise Duty Paid A/c
Cr. Excise Duty Liability A/c
Cr. Excise Duty Liability - Cess A/c
III. Branch billing to dealers
(a) Delivery creation VL01 Dr. Cost of Goods Sold A/c
Cr. Stock of Vehicles A/c
(b) Billing VF01 Dr. Dealer A/c
Cr. Sales - Vehicles A/c
Cr. Excise Duty Recovery A/c
Cr. Sales Tax Payable A/c
5 Payment of Excise Duty
(a) By utilising credit in RG23 J2IUN Dr. Excise Duty Liability A.c
Dr. Excise Duty Liability - Cess A/c
Cr. CENVAT Receivable-Input A/c
Cr. CENVAT Receivable-Capital Goods A/c
Cr. Education Cess Receivable-Capital Goods A/c
(b) By utilising PLA J2IUN Dr. Excise Duty Liability A.c
Dr. Excise Duty Liability - Cess A/c
Cr. Excise PLA A/c
(c) By payment thro' PLA
At the time of cheque issue FB60 Dr. Excise Deposit on Hold A/c
Cr. Bank A/c
On receipt of TR6 Challan J1IH Dr. Excise PLA A/c
Cr. Excise Deposit on Hold A/c
Regards,
Aakash