Utilization of Cenvat Credit through J1IH (Plz. Guide)

Practice followed by co. is to Utilize Cenvat Credit through J1IH T.Code -
In J1IH, Tab Other Adjustment is used (i.e ETT-MRDY) for this purpose.
Accounting entry ideally should get passed through J1IH is -
ED Payable A/C Dr.
To RG23A BED A/C
ED Cess Payable A/C Dr.
To RG23A Ecess A/C
Account Determination maintained is proper.
Inside J1IH, There is a Tab namely Balance where system shows some Balance in RG23A against BED, E.Cess & AT1. Don't know which Balance system is picking up in J1IH Balance Tab because Actual Balance in RG23A Register is much more than the balance shown in J1IH Balance Tab.
To the extent of Balance available in Balance Tab in J1IH, system is passing the entry correctly as explained above. However for excess amount, system is automatically replacing the GL A/c as PLA BED A/C as against RG23A BED A/C in Determine GL A/C Screen in J1IH & passing the excess amt. to the credit of PLA BED A/C.
There is sufficient Balance available in RG3A Register to cover the liability but still system is looking the Balance Tab in J1IH & utilizes the excess amount through PLA BED A/C by giving credit to PLA BED A/C.
What Settings are required so that sytem should not automatically replace the RG23A BED A/c to PLA BED A/C?
Need a Guidence in this regard....
Thanks & Regards...
Ameya....

Hi,
We are also facing same problem 2 weeks back,I found out that not sufficient Balance in RG23A BED account that's why system took Corresponding PLA account,This message is also confirmed from SAP also.
And aslo maintain Proper Debit and Credit entry of MRDY t.type.
Raghu

Similar Messages

Utilization of Cenvat Credit from Service Tax Payable.

Hi,
Please guide me whether the process i am following is correct or not. And if it is correct, please help with what additional steps i might be required to perform inorder to resolve the issue.
Case: We are a Company where we donot manufacture and sell items. But we do provide services to our customers. Hence we would like to take the Cenvat input credit from the materials that we buy for our requirements and would like to utilize the Service tax that we would have to pay to Government (On our service contracts with customers).
During the process our RG23A Part-I, Part-II, RG23C Part-I, Part-II have been updated properly. Service tax entries for A/P and A/R have been posted successfully. And the next i am trying to do is utilize Service tax credit (AR) with Cenvat credit available from RG23A, and RG23C by using Transaction code: J2iUN.
I am using the option pay Service tax from Cenvat Cr.
Issue:
When i try to simulate after selecting the utilization from Basic excise duty, education cess and higher education cess i am able to see the entry that i require. But when i try to post the entry system is giving the following error message.
Balancing field " Profit center " in line item 001 not filled. Message ID: GLT2201.
The simulated entry is:
Sales tax payable A/c Dr
Education Cess payable A/c Dr
Secondary Higher Education Cess Payable A/c Dr
Cenvat Basic Excise Duty A/c Cr
Cenvat Education Cess A/c Cr
Cenvat Hig Sec Education Cess A/c Cr
Our Company code is active for Document Splitting with Profit center as a mandatory field.
Looking forward.
Thanks and Regards,
Purna.

Dear,
As per your description its look like you have follow standard procedure.
Only thing is that when you do J2IUN, Input Business Area on Selection screen to avoid profit center error.
Let me know if you still getting any error.
Regards,
Rajesh koladiya
Edited by: Rajesh Koladiya on May 7, 2010 5:09 PM

Posting of cenvat credit of 50% on capital goods through T.Code:J1IH

Hi
Please advise me the procedure for posting of cenvat credit of 50% on capital goods through T.Code:J1IH.
As a matter of fact, when i tried to post the last year credit of 50% cenvat credit on capital goods the system accepting 50% only.
For example, last year we got Rs.200000 as cenvat credit and out of that 50% credit of Rs.100000 got availed last year. In this year when i tried to avail of remaining of Rs.100000 through transaction code J1IH system is accepting 50% of Rs.100000 i.e only Rs.50000 is accepting.
I look forward for your reply
Thanks and Best Regards
Shekhar
Edited by: Shekhar Yecham on Sep 16, 2008 8:54 PM

Hello,
The settings before 01.04.2010 were same. However, after thorough checking of the GL A/cs, I have following observations -
1) Plant 1 - Balance as on 31.03.2010 in Cenvat on Hold A/c -Rs. 195080. It is upload balance & t.code used is FBVB
    There are some more transctions in this A/c which are reversed due to wrong entries.
    Balance in Excise Duty RG 23 C as on 31.03.2010 - NIL
2) Plant 2 - Balance in Cenvat on Hold A/c as on 31.03.2010 is Rs. 166701. Again this is an upload balance with FBVB
    Balance in Excise Duty RG 23 C as on 31.03.2010 - Rs. 56931.62
3) Plant 3 - No upload balance. All the transactions are routed through J1IEX except 1 from FB01
    Balance as on 31.03.2010 - Cenvat On Hold A/c - Rs. 86876.06
                                                 ED RG 23C - NIL
Hence, would like to know -
1) Any separate procedure to take the credit of upload entries?
2) If the Balance in ED RG 23C A/c is NIL, will it affect on taking credit?
Thanks & Regards,
Reshma

Utilization of Credit through J2IUN.

HI All,
After the Budgetary changes , The following is our Bussiness requirement during utilization of the credit throug the J2iun.
1. We should be allowed to post (Save) the transaction without fully utilizing the payables. For e.g. my liability is for 10 crores for the period from 01.01.08 to 31.01.08 and I want to utilise CENVAT of 2 crores on 5th of February, I should be permitted to post the entry.
2.In continuation to 1, I want to utilise balance 8 crores on 6th of February, then I shall be allowed to fetch same period (01.01.08 to 31.01.08) with balance payables (8 crores).
Please Guide.
Regards
Manish Kumar.

Hi,
The purpose of J2IUN is monthly Utilization of the CENVAT. Utilization means, you will pay tax while procuring raw materils from vendor and collect tax from the customer during seeling the finished product. In this iscenario if you pay excess tax amount to the government than the amount you have collected from customer, this amount can be utilized in the respective financial year. To execute this activity we will use J1IUN.
In this T-code give companycode, plant,, excise group, and period for utilization as inputs and click on execute.
Two windows will be displayed, one is duties window and another is utilization window. The amount in utilization window can be posted to respective account. Thanking you.

HT4847 Iam Using IPHONE4 my storage capacity is over so i purchased 10GB additional storage through online bt i cant use it until nw plz guide me how to utilized that storage in my iphone4

Iam Using IPHONE4 my storage capacity is over so i purchased 10GB additional storage through online bt i cant use it until nw plz guide me how to utilized that storage in my iphone4

You can't buy additional storage for your iPhone.
You must've purchased additional storage for iCloud.
iCloud storage does not increase the internal storage capacity of your iPhone.
If you want to free up some internal storage on your phone, you will have to remove apps, music, books or movies to make room.

Plz guide me through manual Compression and Roll up process

I have pulled data from DSO to Cube. There are aggregates maintained here. now i have to do the compression(in infocube and in aggregate)and roll up (in cube and in aggregate)steps. can u plz guide me step wise..
Thank you

Hi Ramya,
Call T-Code RSA1> Search for your Info Cube > Click on Manage and follow the below mentioned steps for
Roll up
1. Click on Roll up Tab in 'Manage Info Provider' Screen
2. By default 'Request ID' in Roll up section will be filled with latest Request ID of the data loaded. All the requests before your latest request with be Rolled up.
3. Click on execute > click on Display external Jobs (Next to execute button) and monitor it.
4. Once the Roll Up job Completes successfully > Click on Requests Tab in the Manage Info Provider Screen > you will find a tick mark in Roll up status, which confirms your task.
Compression
1. Click on Collapse Tab in 'Manage Info Provider' Screen
2. By default 'Request ID' in Collapse section will be filled with latest Request ID of the data loaded. All the requests before your latest request with be Compressed.
3. Click on Release > click on Display external Jobs (Next to Release button) and monitor it.
4. Once the Compression job Completes successfully > Click on Requests Tab in the Manage Info Provider Screen > you will find a tick mark in Compression status, which confirms your task.
Hope this helps.
Regards
Sai

Monthly utilization of Cenvat problem

Hi ALL
While doing utilization for for the month of JAN the key user has maintained todays date i.e.04.05.2008.and done the utilization.i.eJ2iun.
As it has posted in todays date it has done utilization till today.
Now I Reversed the document and want to do the same in 01.01.2008 to 31.01.2008
how we can do this?Plz guide.Consider this is very urgent Pls its very urgent.

Hi,
We are also facing same problem 2 weeks back,I found out that not sufficient Balance in RG23A BED account that's why system took Corresponding PLA account,This message is also confirmed from SAP also.
And aslo maintain Proper Debit and Credit entry of MRDY t.type.
Raghu

Availing full CENVAT Credit for Capital goods

Hi,
In our client, they want avail full cenvat credit for Capital goods in the present fiscal year itself. How can we do this in SAP? Plz. explain me.

Hi Pawan,
You cannot avail total 100% Credit on the CENVAT paid on capital purchase as per the goverment rules.
The puirpose of maintaining the goods as capital goods are that you are only eligible for 50% credit in the current fiscal year and remaining 50% Credit in next Fiscal Year. its nothing that we configured, it is standard functionality in the country version. The Excise Transaction Type CAPE which come in to play at the time of capital procurement.
1. If your Client Requirement is to take 100% Credit for this material, then ask them to maintain Chater ID for this Material in J1ID as RAW materail. and During Excise Auditing period your client has to give relevent explaination to Excise Authority.
2. If your client has maintained in J1ID as capital , you can take the Remaining 50% Credit in current fiscal year also using J2I8, Before using this transaction verified from Excise Authority.
Or else As per my knowledge you cannt take 100% excise credit for Capital goods.
Cheers
Manoj K Singh

Reversal of Cenvat Credit

Dear All,
After doing MIGO & J1IEX, if the material are rejected by the Quality department. Then here i want to sent the goods to vendor. For this i want to cancel the Excise Invoice. Here i have doubt, regarding that i have search in the sdn but i didnt get correct input,
I hope there are two ways to cancel the Cenvat Credit. 1) Direct J1IH 2) Reverse the Goods movement, then J1IEX reverse the Excise Document.
What is the difference the above menctioned point.
Regards
Raj

Hi Raj,
After doing MIGO & J1IEX, if the material are rejected by the Quality department. Then here I want to send the goods to vendor. For this I want to cancel the Excise Invoice. Here I have doubt, regarding that I have search in the sdn but I didnu2019t get correct input,
I hope there are two ways to cancel the Cenvat Credit. 1) Direct J1IH 2) Reverse the Goods movement, and then J1IEX reverse the Excise Document.
What is the difference the above mentioned point?
In both way you can caryyout the process but J1IH is JV and where in cancellation process is more structured way which cancel the action, which was carried out earlier and in J2I9 it will shows cancel documents.
Cancellation of excise invoice process as below.
1) Cancel the material document in MIGO
2) Post the excise invoice in J1IEX (select Rejection code in Header under Miscellaneous tab )
3) Cancel the excise invoice in J1IEX
4) Perform MIGO again if required.
Pl note that if try to cancel the GR only possible when stock of the GR in unrestricted if QM module is activate then GR cancel is not possible in that case first has to reverse the UD in QA32 after that can cancel the GR & rest of as it is. Hope this clear you.

STO- Depot to Plant with Transfer of cenvat credit

Dear All,
I am having a scenario in which i am procuring capital material for depot and it lies in depot.
Now the material is no use in depot and i want to transfer that material from depot to manufacturing Plant.
and want to take the cenvat credit in manufacturing plant with respect to initial excise posted at depot.
Now i created a STO and done the PGI. Create & POST the excise invoice in depot-J1IJ.
But i am not able to capture excise invoice in MIGO in manufacturing plant.
So how to transfer the material from depot to manufacturing plant with transfer of cenvat credit.

Hi akshay,
Follow this flow you can Transfer of cenvat credit.
--->ME21N
--->VL10B
--->VL02N
--->J1IJ
->VF01Proforma invoice (At depot plant)
--->MIGO(At Mfg Plant)
--->JV using T-code J1IH (To transfer cenvat credit to Mfg plant)
Thanks,
Swamy H P

How can we claim 100% cenvat credit on capital goods relating ADDl CVD

Due recent changes in Excise Law we can claim 100% Cenvat credit on ADDL CVD. But as per the present Oracle India Financial set ups it is not possible to claim 100% on capital goods in the same year.

Hi,
First of all, As per our country legal and statutory requirments, we can not utilize 100% CENVAT in the same FY.
Best Regards,
Chandra

CENVAT CREDIT 100% TAKEN IN CASE AED ON CAPITAL GOODS INSTEAD OF 50%

Hi Experts,
This is with reference to the Cenvat Credit taken on Additional Excise Duty Payable on Capital Goods.
Presently in SAP 100% Cenvat Credit has been taken into 26010713 CENVT CAP GOOD (CAD) but as per law 50% Credit should be taken in the same year in which
Duty has been paid and balance 50% should be taken in next year.
The same treatment has been taken correctly in excise records.
And i want to know only for imported there has been any law change regarding 100% credit should be paid in same year.
Regards,
Manjax

Yes, this is std behaviour of the system,as per the law the AED will be allowed to take 100% credit in first finanacial year only.
For more information refer the below link.
http://www.sdn.sap.com/irj/scn/go/portal/prtroot/docs/library/uuid/808c60ca-013b-2c10-34a2-94d1eb442e6f?quicklink=index&overridelayout=true

TS4123 i just installed itunes 10.6.3.25 its asking to contact the software publisher i am using windows 7 ultimate plz guide me

i just installed itunes 10.6.3.25 its asking to contact the software publisher i am using windows 7 ultimate plz guide me

I hvae the EXACT same issue
I built a new computer which is EXTREMELY fast overclocked i7 ect and.. ITUNES DOESNT WORK
I click on itunes which ive uninstalled and reinstalled and reset the winsock AND seen if there were any errors AAAAAAND ive check the Hkey to make sure bonjur was the only one in there which it is and all that happens is my cpu goes to 25% and i cant do anything except go into the task manager and close it! ANYTHING with itunes (everything else is premium speed).
what do i do
windows 7 64 bit

Cenvat credit of additional duty of customs

As per importer    price of 10 units
Basic       100
Excise       10
Ecess         2
Shecess     1
AED            4.52
We bought   5 units from him   we treat it as a case where tax code inclusive of all duties where a backward calculation is used in conditions in Purchase order.
problem is that we are purchasing a capital item.
duties cenvat crdit available for different duties other than AED is 50 this year and 50 % next year. For AED 100 % cenvar redit should be available but that is not happening.
what I saw in one of SAP notes is to make a MM condition ZADC and activate AED in tax code but that doest not help to get AED credit avilable 100 %.
other SAP note 943767 tells a different steps for ADC.
what should we do in this case i.e what all sap notes should be checked for in system so that we can get 100 cenvat credit of AED passed on by first stage dealer of Imported goods in india using a backward calculation situation.

Hi
What pack level are u on
and if u using ECC 5 and Above , than i dont think u have to use any sap note.
In po u will have to use tax code that is have 0 % for your AED condition and 100% for AED condition total.
just like bed or ecess condition.
When u capture Excise duty for first stage delear haveing ADC , u will have to put IP in Addition excise tab near GRPO.
and in item leve material type should be other than raw material , Assect or consumables or tools.
hope u have configured IP for account determination
Onlt the trick to get 100% cenvat credit for First stage delar is to Put IP in front of GRPO and just check if u are able to c CVD indicator if it is there u have to tick that too.
hope this solves your issue

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.

Utilization of Cenvat Credit through J1IH (Plz. Guide)

Similar Messages

Maybe you are looking for