J1ih Issue for capital on Hold
Dear All,
I have to capture additional excise on Capital Good(RG23C) from T-code J1IH in Additional Excise.
So when i enter amount in BED Amount = 100, ECS Amount= 10, SECess Amount= 4 and click on Determine GL system show
SECESS Ac DR 2
BED Ac DR 50
ECS Ac DR 5
To ModVAT clearing 114 Cr
System should allow me to enter another GL for 50%Capital on Hold so that i can enter balance 50% (57 RS) value in that GL Account.
Is there any solution for that.
Thanks in Advance
Regards,
Shayam
in Specify Excise Accounts per Excise Transaction assing ON HOLD account name in front of Excise TT and assign the GL in Specify G/L Accounts per Excise Transaction.
Things will resolved,
Shayam
Similar Messages
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Hi All SAP Support team,
Which mvt type are use for capital material issue from main storesHi
Movement type 241 is used.
Regards
Antony -
Hello Together,
Could you pl.share me the following,
Excise accounts per excise transaction for CAPE IP ( Debit / credit entry)
GL accounts per excise transaction for CAPE IP
Thank you in advance
Shaileshcape is an excise transaction type for capital goods . And with cape , when ever u procure capital goods , the exc part will jhit a gl account thru ETT. And if u want 2 or more gl account for captal goods maintain
subtransaction type and maually give the sub trans type while caturing/posting exc .
GRPO = ISE INVOICE FOR GOODS RECEIPT/PO, EWPO =XCISE INVOICE WITHOUT PO, DLFE = GOODS REMOVAL THROUGH SALES
now assign gl accounts for cape , grpo etc
also DR , CR is std . we take cr while taking in goods rt , so cr comes
hope u understand well .
respond , manu -
Commercial rounding for capital goods
Commercial rounding off of all duties
All the Duties are rounded up in PO & MIGO with some routing development through ABAP.
Now client requirement is that in case of capital goods
1. If suppose that in Capital Goods Cenvat is Rs. 45.00, in same year only 50% credit is available hence Rs. 22.50 i.e. after rounding off it is available to us 23.00 and in on hold account only Rs. 22.00 should be available, but present SAP system does not propose the same
2. If Value of Secondary Education Cess is Rs.1/- for capital goods then credit available in current year should be Rs.1/- & on hold account it should be Zero
Business is saying that it is statutory requirement as per Govt. Notification
How much Govt is firm on this rule & how other companies are achieving this using SAP?
Another Question is that While reversing CENVAT credit taken for capital goods without rejecting material (Only Duty reversal because credit wrongly taken)
We have to pass Excise JV through J1iH & reverse 100 % duty. STD procedure is that we have to transfer 50 % duty from Hold account to the RG23 C part 2 then reverse 100 % duty
But business is saying that it is wrong practice & against excise law .In this case how to handle CENVAT on Hold Account.
( I have Already used OB90 & routing Number 17 is working fine but not for above case )
Thanks
Edited by: sachin patil on Mar 10, 2009 7:00 AMDear sachin ,
As far as I see, there is no loss to the company,
1. you paid the vendor for the full excise amount
2. As a manufacturing unit you are liable to take 100% credit
3. IF you classify the material as capital goods as per your needs then take 50% now and 50% in next financial year
4. If Raw material take 100% credit
5. If the material has been mistakenly classified as C and first 50% credit availed, then to correct your operations you will have to take second 50% from J1IH then in that case you will have to clear all credit on hold from your original 50% credit entry & the J1IH entry, hence you will end up taking 100% credit.
In such conditions you can also opt for credit reversal through J1IH against the said part2 entry, & thenj create a fresh ID declaring material as raw material & take fresh 100% credit.Here also that second 50% from the on hold account would be required to be cleared.
Hope this helps,
Regards,
Akhileshwar K -
Excise is getting post to RG23A instead RG23C for capital goods return del
Hi SAP Guru,
I have very critical issue to be resolved emmediatly in the area of Excise for CAPITAL GOODS, please help! the things is....
1. At GR level using mvt 101, system is posting all BEDECSSECess to correct RG23C register, fine
Quality people has rejected goods,When i'm trying to create vendor return delivery using......
GR(122)>J1IS>J1IV,, useing this process system is posting BED+ECS to RG23C but SECess to RG23A, i wanted to know why SECess is getting post in RG23A instead RG23C. plz suggest if any config. chages to be done.
or
2. when i am trying GR(122) along with all Excise parameter, system is throwing error "RG23C-AT1 amount 1600.00 is greater than the available amount 0.00". when is checked the relevent register i found out enough balance.
or
3. After GR (122), when i'm using J1IH(JV) method, system is thowing error like " Balance in transaction currency 'Message no. F5702'.
Now plz suggest the correct answer!
Thanks & Regards
Manoj K Singh
+91 9940216442Hi Datta, thanks for the reply
according to SAP Note 1062872 (2005B version) it reads as
"The excise register for excisable items of type raw materials/finished goods is currently set to RG32A Part I. When you create an out going excise invoice with these type of items, the accumulator for RG32A Part I will be increased."
I thought the same is applicable with SAP Business One 2007B version. However what you said might be correct. But the problem with one of my manufacturing client is whenever they raising an Outgoing Excise invoice they have registered numbers automatically be created on the pre printed invoice paper. where the invoice will be printed only with the qty, rate , price and register numbers rest of the information on the document is pre-printed. So they have a column called RG23C Part I / II where register numbers are automatically printed. But RG23C Part I & II are for "Capital Goods"
If I consider these manufactured items as "capital goods" then it will raise register numbers automatically. but this will not acceptable. correct me if i am wrong. so all of these items should be cosidered as Finished Goods in the item master data. if i do that again there is a conflict with their RG23C Part I / II on the pre-printed column and i wont be raising any register numbers.
Please update me on how should I deal with this issue
SV Reddy -
Error While Updating Issue For Production
Hi,
When i am trying to update an UDF in issue for production i am getting the following error message.
Item is Not a Component to the Referenced work order[Goods Issue - Object Type] Message 3560 -5Dear Manikandan K,
Regarding the message we can tell you that the error message
"Item is not a component of the referenced Work Order" usually appears
because there is a case sensitive problem between the item code given
in the BOM and the item code given in the item master data.
Please check if the item codes of the BOM are exactly the same as the
codes given in the item master data. There should not be any differences
between spelling of the codes (for example item code in the item master
data is with capital letters X00014447 while the item code in the BOM
is with normal letters x00014447).
In case you find item with this issue please correct its item code
in the BOM manually so it will be exactly identical with the code given
in the item master data.
Regards,
Marcella Rivi
SAP Business One Forums Team -
Accounting Effect for Capital Goods Purchase
Hi,
Iam using SAP 8.8 PL 13. How does the accounting takes place in case of an Item marked as Fixed Asset in Item Master?
In GL account determination I have assigned Capital Cenvat Credit A/c. for Capital Goods on Hold A/c.
Suppose I purchase an Fixed Asset Item for Rs.10000/- from a Vendor who has also been assigned Asset A/c in BP Master. I have created separate tax code for capital goods. The tax code is BED 10 %.
In Incoming Excise Invoice I get the Following JE effect.
Debit Credit
Capital Cenvat Credit - Rs.10
Capital Cenvat on Education Cess Rs.10
Capital Cenvat Credit Rs.5
Capital Cenvat Credit on HS Cess Rs.5
Capital Cenvat Credit Rs.500
Capital Cenvat Credit Rs.500
Incoming Cenvat Clearing A/c Rs.1030
Can somebody explain how this works?
Rgds
Kalli
Edited by: Kallicharan Nadar on Aug 30, 2010 11:22 AMHi Kalli,
In Administration-> Setup-> Financials-> G/L Account Determination-> Purchaseing Tab-> Tax Sub Tab-> "Capital Goods On Hold Percentage set" - 50 % and set GL in "Capital Goods On Hold Account" once you done these setting. When you are going to make Incoming Excise Invoice transaction that time system is booking 50% excise amount in current year and remaining 50 % will book in next year and same for Cess and ShCess.
Cenvat credit on capital goods is allowed only when it is received in the factory. However, only 50% of the credit may be availed in the financial year when the capital goods are received in the factory and the balance 50% may be availed in any subsequent financial year, provided the capital goods are in the possession of the manufacturer. The Cenvat Credit Rules, 2004, do not impose any condition upon the manufacturer to avail of the credit only when the capital goods are put to use on the commissioning of the plant.
Refer...
http://www.cbec.gov.in/excise/cx-rules-main.htm
Thanks
Sachin -
ED Configuration for Capital goods
Hi Gurus,
I have a problem in calculation of Excise duty with respect to capital goods.
Our client wants to Create a new tax code ......though which they can claim the .....Input of 50% Excise duty this year and 50% next year,( for that he want to update two different GL accounts for these percentages) and 4% VAT on it.
EX:
The new tax code for 12.36% of excise duty + 4% VAT, required in a single tax code. (This 12.36% ED -- 50% this year and 50% next yr)
Required for the following scenario
Suppose Base AMC valve is Rs.10000/-
12.36% of Excise duty which is Rs.1236/-
4% of vat on Rs.11236/- which is Rs.898.88/-
Total amount including taxes Rs.10000 + 1236 + 898.88 = 12134.88
As the client is not using CIN, how to configure this scenario. We are on ECC 6.0
Thanks in adv,
Sri SAPHi,
1. for Capital Goods, first in J1ID miantain in material and chapter id maintain that material code with Assets.
2. In Create PO with Account assigment as Assets.
3. In SPRO, while maintaing specify Excise accounts per Excise TT as
CAPE CR Credit ONHOLD CENVAT on hold account
CAPE DR Debit ONHOLD CENVAT on hold account
CAPE DR Debit RG23AT1 RG 23 AT1 Account
CAPE DR Debit RG23BED RG 23 BED account
CAPE DR Debit RG23ECS RG 23 ECS Account
4. Now in PART2, RG23C Register type is updated for Capital Goods
5. The Excise Posting Entries must be like
During Excise Invoice Credit
Cenvat Account Dr. (50%)
Cenvat On-hold Dr. (50%)
Cenvat Clearing Cr.
6. Check the Balance Credit Capital Asset T Code J2I8
Hope help u !
Regards,
Pardeep Malik -
Goods Return for Capital Goods
Dear Experts,
I need correct SAP Process for the below scenario :
GRPO for Capital goods has been raised.
Incoming excise Invoice for the GRPO has been booked. While booking Incoming excise invoice, 50% of the Excise duties will be posted to Capital Goods On hold account defined in the GL Account determination.
Now due to some reasons i am raising Goods return for the GRPO raised earlier for the Capital Goods.
Then i am booking the Outgoing excise Invoice. But in the Outgoing excise invoice the 50% Of the excise duties posted to the on hold account is not reversed.
In outgoing excise Invoice,Only sales accounts defined in tax code will be credited and CENVAT Clearing account will be debited.
How to reverse the 50% Excise duties got posted in the On hold Account ?
Kindly mail some Valuable suggestions
Regards
New Age Bizsoft SolutionsHi,
There is no defined process for returning capital goods.
While making the Incoming excise invoice Purchase tax accounts defined in tax code and On Hold account defined in GL Account determination will be debited for the 50% value.
While returning the same,in Outgoing excise invoice, sales tax accounts defined in tax code will be credited for the whole value.
After doing this, An adjustment journal entry need to be passed by crediting the On hold account and debiting the sales tax accounts defined in tax codes for only the 50% excise value.
By doing so our input and output for excise booking will balance.
Hope you got my view in it.
Regards
Ravindran Srinivasan. -
Hi
For Capital Goods, excise availed will be 50% for this financial year and 50% for next financial year. Is it applicable for AED/CVD for imported goods also.
Rgds
SriniBusinesses are allowed to set off excise duty on purchases of capital goods against excise duty on outputs. However, unlike with raw materials, you can only set off half of the duty in the first year, and the rest in any year after that.
Prerequisites
In the material master, you have classified the capital goods as such.
Because duty on capital goods is handled using excise transaction type CAPE, you must also have specified that you want this transaction to credit the excise duty to the CENVAT on hold account. You make this setting in Customizing for Logistics u2013 General, by choosing Taxes on Goods Movements ® India ® Account Determination ® Specify Excise Accounts Per Excise Transaction.
You must then have specified which G/L account is the CENVAT on hold account, again in Customizing for Logistics u2013 General, by choosing Taxes on Goods Movements ® India ® Account Determination ® Specify G/L Accounts per Excise Transaction.
Features
When you post an excise invoice that contains capital goods, the system posts half of the excise duty to your CENVAT account and posts the rest to a G/L account for CENVAT on hold.
In following years, you can use a report to identify the capital goods with excise duty on hold and transfer the duty to the CENVAT account (see Transfer of CENVAT Credit on Capital Goods).
Activities
When working with excise invoices that include capital goods, note the following:
Capturing vendor excise invoices
When you create an excise invoice with capital goods, you have to set the material type to A (assets), C (consumables), or T (tools).
Posting excise invoices
When you come to post the excise invoice, the system posts only half of the excise duty to the CENVAT account. The system does not round the amount off.
Transfer of CENVAT Credit on Capital Goods
You use this report to display a list of the vendor excise invoices where the vendor has levied excise duty but you have not posted it (in full) to your CENVAT account.
This is particularly useful in the case of capital goods, in order to find out how much credit remains from previous years.
Features
To access the report, from the SAP Easy Access screen, choose Indirect Taxes ® Procurement ® Excise Invoice ® Reports ® Balance Credit for Capital Goods.
Selection
On the selection screen, enter:
Organizational data
Data of the documents that you want
Output
The system displays a list of excise invoices with excise duty outstanding. It shows you:
The total amounts of the various types of excise duties levied on the excise invoice
How much duty has still to be posted to the CENVAT account
Select the excise invoices that you want and choose Transfer credit. If you want to transfer only a portion of the remaining amount, enter this amount as the amount to be credited.
The system creates an accounting document to post the duty to the CENVAT account and creates an entry in the Part II register.
Regards'
eswarmanu... -
Down payment against the Internal Order - for Capital Expenditure
Dear friends
I am getting an error while making down payment against the purchase order.
The order of my entries or steps are as follows:
Created one internal order for Capital WIP with budget and availability control activation.
Created one purchase order against a vendor with reference to the above Internal Order.
When I am making the down payment to the vendor through tcode:F-48, the system throwing an error
"Define Cost Elements for Down Payments".
Can any one please explain why this error is coming. When I checked in Internal orders, there is a TCode: OKEP for Define Default Cost Elements for Down Payments.
System is asking for cost element, but where as what ever the down payment we are making is nothing but advance which is current asset. Why system is asking for cost element?
Can any one give me the guidance how to handle the issue.
Thanks in Advance
Kiran Kumar AThe reason is when you want the down payment for AUC to be capitalised, then you would need to create cost element for Downpayments.
Normally as per design of SAP, down payment being a Balance Sheet Account (Current Asset as you rightly mentioned) doesnot need / accept an Cost object, as a special case since down payments for AUC needs to be capitalised and hence need to be carried to Controlling (Internal Order) by creating Cost Element for Downpayments.
Go ahead and create the cost element. That would resolve your issue. -
For Capital goods in in Detail tab in Part one data Multiple serial numbers
Hi experts,
For capital goods i captured Part 1. Display Vendor excise details in item detail tab in part 1 columns Register,Year, Serial number, material document,year, item, internal number like that are there. In serial numbers four different serial numbers are generated. one is receipts and three is issues.
can anybody answer me why these four serial numbers are generated and three times issues is came. please do needful.
From.
Naveen.Hi,
The possibilities could be becaz of :
1) Cost Center purchase , system updates QTY as well as Issues at the time of GR.
2) Item without Material Code
Pl. check
rgds,
vikas -
CIN configuration for capital goods
Dear All,
I have to configure CIN for capital goods purchase. Please let me know the important configuration required for the same.
where we can set 50% on hold conditions ?
Regards,
UmeshHi,
1. for Capital Goods, first in J1ID miantain in material and chapter id maintain that material code with Assets.
2. In Create PO with Account assigment as Assets.
3. In SPRO, while maintaing specify Excise accounts per Excise TT as
CAPE CR Credit ONHOLD CENVAT on hold account
CAPE DR Debit ONHOLD CENVAT on hold account
CAPE DR Debit RG23AT1 RG 23 AT1 Account
CAPE DR Debit RG23BED RG 23 BED account
CAPE DR Debit RG23ECS RG 23 ECS Account
4. Now in PART2, RG23C Register type is updated for Capital Goods
5. The Excise Posting Entries must be like
During Excise Invoice Credit
Cenvat Account Dr. (50%)
Cenvat On-hold Dr. (50%)
Cenvat Clearing Cr.
6. Check the Balance Credit Capital Asset T Code J2I8
Hope help u !
Regards,
Pardeep Malik -
How to create 45 challan for capital goods without payment of excise duty.....for capital goods material...
Error in J1IF01 is
The mat. doc. does not have materials relevant for subcontracting...
Plz guide me on this....
Thanks in advance
SantoshHi,
There is no defined process for returning capital goods.
While making the Incoming excise invoice Purchase tax accounts defined in tax code and On Hold account defined in GL Account determination will be debited for the 50% value.
While returning the same,in Outgoing excise invoice, sales tax accounts defined in tax code will be credited for the whole value.
After doing this, An adjustment journal entry need to be passed by crediting the On hold account and debiting the sales tax accounts defined in tax codes for only the 50% excise value.
By doing so our input and output for excise booking will balance.
Hope you got my view in it.
Regards
Ravindran Srinivasan. -
How to creat the Varient for 1099MISC With Holding Tax
How to create the Variant for 1099MISC With Holding Tax ?
HI,
please follow the below steps to create variant at report.
tcode se38
report RFIDYYWT
pass all the parameters
press save icon
give variant name
retrive the variant in report
tcode se38
report name RFIDYYWT
press : shift + F5
or get varinat icon.
I hope above will resolve your issue.
Regards
Madhu M
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