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Non Deductable condition value is reversing at the time of MIRO

Nov 03, 2017 at 05:23 AM

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Former Member

HI,

i am procuring the material as per below:

Material Price Rs.100/mt

Qty: 5

CGST - 12.50 Rs.

SGST - 12.50 Rs.

GST compensation Cess (Non Deductable) - 400 Rs./MT

Entry at the time of MIGO -

Stock A/c Dr. 2500/-

GR/IR Clearing A/C Cr.2500/-

System is giving correct entry as GST Comp Cess is correctly inventorised.

But at the Time of MIRO Entry is :

GR/IR Clearing A/c Dr. 2500

Vendor A/C Cr.500/-

Stock A/C Cr. 2000/-

Here Vendor account is not getting credited with GST Comp Cess amount or system is reversing the inventorised amount.

Please provide the Solution.

Niitn

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4 Answers

Dibyendu Patra Nov 03, 2017 at 07:43 AM
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You have entered 500 in amount field located in header level in MIRO.

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Former Member Nov 03, 2017 at 07:58 AM
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system is calculating Tax amount of Rs. 25/- only, it is not calculating Rs. 2000 as GST Comp Cess.

therefore system is giving amount of rs. 525/-

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Hi

Your accounting entry is wrong at time of miro

I guess you are entering inventory rising in unplanned delivery cost

accounting entry must be vendor cr and GR/IR dr no inventory account will come in the miro

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Dibyendu Patra Nov 03, 2017 at 09:02 AM
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You haven't said that tax amount is calculating wrong in your initial discussion. Check these OSS notes to know effect of CESS on GST 2491302 - GST India: Import Cess and 2532418 - GST IN: Quantity Based CESS condition. Check the routine has been implemented properly from OSS note 2491302.

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Former Member Nov 04, 2017 at 09:06 AM
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Hi, vend

our import scenario is working fine. but the above is domestic scenario, our company is procuring the material from a trader.

In this case i maintained condition record for ZIQN.

So, ZIQN is appearing in PO itself and getting inventorise in MIGO as per our requirement.

But, it is getting reverse at the the time of MIRO.

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