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Cenvat clearing account

Former Member
0 Kudos

Hi,

At the time of j1iex, my accounting entry has coming like this

cenvat aed a/c dr

cenvat inpcess a/c dr

cenavt inpbed a/c dr

cenavt inp cess (secondary cess) dr

to cenvat inpbed a/c

instead of crediting of cenvat inpbed a/c it has to go for clearing a/c, for this what i shud .

plzz any help much aprrecxiated

Rgs

Robert

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Answers (1)

Answers (1)

Former Member
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Dear Robert,

01. SPRO-Logistic General-Tax on Good movement-India-Account Determination

a. Specifiy Excise accounts per Excise Transactoin

Here you need to define Cenvat Clearing as Credit againstTransaction

Type.

b. Specifiy GL Accounts per excise Transaction:

Assign the Cenvat Clearing Account in the Modvat Clearing Account.

Test it and confirm whether it is working?

Regards,

Venkat

Former Member
0 Kudos

hi venkat,

i have already done those things , but it is crediting cenvat inputbed account

instead of cenvat clearing account

still where i have done wrong?

Robert

Former Member
0 Kudos

Dear Robert,

Tell me the accounting entry at the time of Invoice poasting against this GR.

Regards,

Venkat

Former Member
0 Kudos

hi venkat

cenvatinput aed a/c dr

cenvatinput bed a/c dr

cenvatinput ecess a/c dr

cenvat input ecess a/c dr (secondary e cess)

to cenvat clearing a/c

Former Member
0 Kudos

Dear Robert,

I am asking abt the IV entry, not Excise invoice accounting entry.

Can you confirm the System loading the Balance from Input Bed account ( Generally Cenvat Clearing A/c) to Vendor Account.

Regards,

Venkat