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author's profile photo Former Member
Former Member

Excise register

Hi,

I ve posted excise invoice . It was shown like

Part I entries updated

Entries created : NA

Serial No:NA

Entries cancelled: NA

Part II entries updated

Entries created : in RG23C2

Serial No: 00000001->00000002

Reversed: NA

Acc Doc : 0100000115

I went to FB03 and checked for the accounting doc 0100000115.There i found 3 entries.

posting key - 40, account num - 2493000 -cenvat hold, Amt - 8, Tx -V0

posting key - 40, account num - 2485000 -cenvat CAPBED, Amt - 8,Tx -V0

posting key - 50, account num - 1319200 -cenvat clearing, Amt - 16, Tx -V0.

Is this a correct excise invoice postings for capital goods. How will i check this?.

What change this will make in RG23C.? How can i see this?

rewards assured

rergards

B Shar

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jan 18, 2008 at 06:09 AM

    Hi

    As per my knowledge it is correct.

    For checking RG23C register:-

    1.Go to J2I5 and extract your register this will update your register

    2.Go to J2I6 and see print preview.

    This will show you the entries in your RG23C

    regards

    rb

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 18, 2008 at 06:05 AM

    Hi Shar

    as far as accounting entries is concern as per my knowledge that is correct

    as you may know in case of capital good 50% duty is captured in current Fiscal year and 50% next successive year and that entry go to Cenvat on Hold account as your accounting entry seams like that

    Thanks

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 18, 2008 at 06:08 AM

    hi,

    for capital items only50% is entitle in the current year and the rest next year.

    as far as ur accounting entry is concerned, it is ok.

    for Part 1 of RG23c, it will b done when u receive the goods(GR)

    PART-1 will get update currently.

    PART-2 will update in the current year half and the rest in the second year.

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