How to offset Cenvat suspense and cenvat clearing

Hi
Please tell me how to clear cenvat suspense and cenvat clearing in case of sales return and purchase return? pls give the T-codes and the entries
thanks in advance

Hi Dina/Experts,
I would like to know the Accounting that takes place while Capital project is setup to collect costs as follows:
Supplier Cost for Architectural drawings: $2,000.00
Supplier Invoice for building Contractor: $5,000.00
Supplier Invoice for building Permit Penalty: $ 100.00
$7,100.00
Employee Labor project Management: $1,400.00
Employee Expense Report for Misc. Costs: $ 800.00
Cost for Usgae of Company Car: $ 150.00
TOTAL COSTS FOR PROJECT X $9,450.00
=======
What is the Accounting in AP for the Capital Project? What is the Accounting that would take place once the Costs are interfaced to Projects fom AP?
What is the Accounting that takes place when you generate Asset Lines if at all?
What is the accounting that takes place once the Project Cost are Interfaced to Fixed Assets?
Thanks,
Arun

Similar Messages

  • Cenvat suspense and cenvat clearing

    Hi
    Please tell me how to clear cenvat suspense and cenvat clearing in case of sales return and purchase return? pls give the T-codes and the entries
    thanks in advance

    Hi
    Please tell me how to clear cenvat suspense and cenvat clearing in case of sales return and purchase return? pls give the T-codes and the entries
    thanks in advance

  • How to clear cenvat clearing account automatically

    Hi all
    will any one help me in making me understand as to how the cenvat clearing account can be automatically cleared.
    What exactly i mean is -
    When we do MIGO, the cenat clearing account is automatcially credited  and RG 23 A is debited.and
    When we do MIRO, the cenvat clearing account is automatically debited and vendor is credited.
    if this is the case, i find that the cenvat clearing account which is getting credited in MIGO and debited in MIRO is still showing as OPEN ITEMS when i view the cenvat clearing general ledger account in transaction code - FBL3N .
    How should i make the Cenvat clearing account to automatically get cleared and should show the line items cleared automatically, with out going through the t code f.13 etc.
    Thanks in advance
    Regards
    Rishikesh

    Hello
    Check if this is of help.
    Also check MM/FI integration for 23 transactions. Check if a/c assignment is set.
    CENVAT Document
    Definition
    An accounting document that the system automatically creates when it generates a Part II entry.
    Use
    Customizing
    Specify which document type you want the CENVAT documents to use, in Customizing for Logistics – General, by choosing Taxes on Goods Movements ® India ® Basic Settings ® Maintain Company Code Settings.
    Day-to-Day Activities
    When the system generates a Part II entry for an incoming excise invoice, it creates a CENVAT document to debit the excise duty to the excise duty account, and credit it to the CENVAT clearing account:
    The excise duty is cleared from the clearing account when the accounting clerk enters the vendor invoice.
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  • Validation code for business area and cenvat clearing accounts

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    In order to prevent the users from entering the wrong business area in the correct company code, I have written the validation as below.
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    Regards
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    the issue is closed

  • ERROR IN MIRO POSTING ENTRIES WITH CENVAT CLEARING ACCOUNT

    Hi,
              I'm facing a problem while posting in MIRO, instead of CENVAT clearing account RG23A BED acocount is getting debited, here I'm giving you the screen shots for MIGO and MIRO accounting entries please assist me with some customizing tips.
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       MIRO
    material : TEST MAT
    vendor   : LAKSHMI GROUP
    I've assigned 154001 G/L ac for RG23A BED and 191101 G/L for MODVAT clearing ac.
    Thanks and Regards,
    Sairam.

    Hi Shiva,
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    please ask me for more information if you don't get my point on this problem
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    Sairam

  • Clear Cenvat clearing GL item through F-03

    Hi..
    After MIGO while excise is captured through J1IEX then Cenvat clearing GL become credit. And during MIRO Cenvat Clearing GL become debit. And last week company closed last financial year and carry forwarded to current year. Now I want to clear Cenvat Clearing GL open item through F-03. But at present through F-03 Cenvat clearing GL not able to clear items.
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    With Regards,
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    Hi
    Try in F.13 to clear cenvat clearing GL.
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  • CENVAT Clearing Acount not getting cleared through F.13 after MIRO

    Dear All,
    I wanted to clear Cenvat Clearing Account on the basis of Assignment field which should have Purchase Order Number.
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    However, RE Documents created by MIRO transaction do not populate Purchase Order in Assignment field instead it populated "00000".
    So, How to updated PO number in miro for Cenvat clearing account.
    Thanking you in Advance.
    Regards,
    Ranjeetsingh Thorat

    Hi,
    For this you have to create the subsituation  and use the exit to populate the PO number in Assignment field.
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    [PO number in MODVAT Clearing account line item at the time of MIRO;
    Regards,
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    Edited by: Shayam_210 on Sep 5, 2011 12:15 PM

  • Cenvat Clearing acc posting

    Hello Experts
                         I have three excise divisions and GL determination is by warehouse.Each division has its own incoming/outgoing Cenvat clearing account. But while doing sales ( of Division A) the excise amount is posted in Outgoing Cenvat Clearing account of Division B  (Which i have mapped in GL determination->General tab) instead of same outgoing cenvat clearing account of Division A to which amount was  posted while saving outgoing excise invoice.Why this is happening?
    Regards
    Manoj

    I have three excise divisions and GL determination is by warehouse
    Dear Brother
    How did you map in SAP like each branch is treated as warehouse am i right?
    If i am right you have to map the cenvat clearing account each warehouse separately,  then it will post based on the warehouse which you selected in the document.
    Actually GL account determination is only for default,  it will not control your postings. The postings based on warehouse or item group wise only.
    regards

  • Cenvat clearing difference amount

    Hi,
    While doing F.13 for cenvat clearing system is giving the details under documents that cannot be processed due to difference of paise 0.02. i need to clear this document. where should i maintain the tolerance and how can i process further. can any one guide me on this.
    govind.

    solved

  • Reversing CENVAT Clearing amount in MRKO

    Hi,
    For a consignment material, Settlement has been done through MRKO. But due to some problem we need to Cancel the Settlement to vendor, for that i cancelled the Material document and then again executed the transaction MRKO. FI reversal has taken for the Net amount (Material cost) and not for the CENVAT Clearing amount, So the CENVAT Clearing amount still we need to reverse. Please help how can we do this.

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  • PO or MIGO reference in Line item of cenvat clearing when MIRO posted

    Dear All,
    In J1IEX at the time of Part II posting in FI doc PO no is coming in cenvat Clearing line item.
    But when we post MIRO in that FI doc cenvat clearing line item there is no PO No which create problem in clearing the GL.
    I have refered the note no 952290 notes given by SAP.
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    So Please anybody could help to write the substituion or any other solution which may be good.
    Regards,
    Pravin Joshi

    Hi
    Goto Financial Accounting (New) -> Accounts Receivable and Accounts Payable-> Business Transactions-> Incoming Invoices/Credit Memos-> Substitution in Accounting Documents.
    Take the help of FI in usage fo substitutions & take  help of ABPER in writing the code in the exit.
    The logic is if T. code is MIRO , then Substitute PO lineitem in the Cenvat clearing account assignemnt filed
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  • CVD for availing CENVAT Clearing

    Hi,
    Our Customer want to avail the CVD value into CENVAT Clearing account.
    How to go with this?
    Please advice.
    Regards

    hi
    to avail CENVAT Creadit of CVD maitain CVD condition type
    in following path
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    -cond.based excise Determination-classify cond types
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    TAXINN     JCV1     BED Set Off condition Percentage
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  • Automatic clearing of cenvat clearing account

    Hi all,
    While clearing cenvat clearing account thru F.13 it is not clearing.
    we have maintained cenvat clearing G/L with sort key-014
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    also the cenvat clearing a/c is maimtained as offsetting a/c.
    Then why it is not clearing.
    Thanks
    shivaji

    Hi Sivasankar,
    Can you be brief on "Have your ABAPer and set Substitution user exist which populate PO number in assignment field at the time of MIRO".
    Which "Substitution user exist" we has to ask the ABAPer to use, can you help us by giving the User Exit details or let us the process which we can explain to our ABAPer's to understand. 
    I am also facing the same problem from long time and i also posted the same, but i didn't get any reply from the Form. Because my client not cleared this CENVAT Clearing account from April 2009.
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    R.K

  • Cenvat Clearing not coming in MIRO in case of Dealer Invoice

    Hi,
    This is a scenario of purchasing from dealer wherein the exact excise duty and VAT/CST is not known while creating a Purchase Order.
    I did the following steps
    Created PO with
    One item of 5 quantity @ 1000 INR (Total Base Value = 5000 INR)
    Assigned a tax code (V3) with Nil Excise and 5 % VAT Deductible
    Did Goods Receipt (with Capture Excise Invoice Only)
    Selected MRP Indicator
    In Excise Tab at Item Level
    Changed Base Value from 5000 to 4485 INR
    Put BED as 500, ECS as 10 and SEcess as 5 INR
    Posted the Excise Invoice in J1IEX, here the Cenvat Clearing Account was credited with 4485 INR
    Now while trying to do Invoice Verification in MIRO
    Again changed the base Value from 5000 to 4485 INR and selected the same Tax Code (V3) which was used in PO
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    Please give me ideas to resolve this issue
    Thanks in advance

    These are the details about the Tax Code (V3) being used and its condition record
    Procedure          TAXINN     
    Tax Code          V3     
    Desciption          Excise Nil and VAT 5%     
    Excise Duty          JMOP     0
    Set Off          JMX1     100
    EduCess          JEC1     0
    EduCess Set Off     JEX1     100
    SEduCess          JSEP     0
    SEduCess Set Off     JHX1     100
    VAT (RM) Claimable     JVRD     5

  • Line item for cenvat clearing not getting created during miro

    Hi all,
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    PO created for raw material. GR posted and the accounting document postings show correct figures against Stock A/c and GR/IR Account. The Part II posting also show correct figures against Cenvat A/c and Cenvat Clearing A/c. However, when I'm doing MIRO, the Cenvat Clearing A/c line item is missing. Line Items are created for Vendor Payable, GR/IR Account and Sales Tax and all these figures are correct. Only Cenvat Clearing A/c Line item is missing.
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    - Saleel

    Hi SP,
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    Regards,
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