Skip to Content
author's profile photo Former Member
Former Member

Cenvat Credit

Hi all

i want to cancel the excise invoice for Capital good i have already reverse the material document mvt 102

How to Reverse the availed CENVAT credit before cancelling excise invoice.

Thanks

Add a comment
10|10000 characters needed characters exceeded

Related questions

2 Answers

  • Best Answer
    author's profile photo Former Member
    Former Member
    Posted on Jan 31, 2008 at 09:50 AM

    hi,

    go to J1IEX. cancell the posted invoice.

    when u reverse the material docuement by MIGO/mbst, Part 1 get cancell automatically

    Add a comment
    10|10000 characters needed characters exceeded

  • author's profile photo Former Member
    Former Member
    Posted on Jan 31, 2008 at 10:06 AM

    Hi

    Hi,

    Please follow below steps.

    01.You reverse the goods receipt.

    The system:

    Creates a reversal document to cancel the goods receipt

    Creates additional entries in Part I of the appropriate excise register to reverse the original entries

    Changes the excise invoice document status to In process.

    Reversing Goods Receipts

    From the SAP Easy Access screen, choose Logistics --> Materials Management --> Inventory Management --> Goods Movement --> Goods Movement (MIGO).

    In the top line:

    Select Cancellation.

    Select Material document.

    Enter the number of the goods receipt that you want to cancel

    Choose .

    Flag all of the line items as OK.

    Save the reversal document.

    02.You reverse the CENVAT posting on the excise invoice.

    The system:

    Creates an accounting document to reverse the CENVAT postings

    Creates a corresponding entry in Part II of the appropriate excise register

    Reversing CENVAT Postings

    From the SAP Easy Access screen, choose Indirect Taxes --> Procurement --> Excise Invoice --> Incoming Excise Invoices --> Individual Processing --> Change/Display/Post/Cancel.

    In the top line:

    Select Post CENVAT.

    Select Vendor Excise Invoice.

    Enter the excise invoice number.

    Choose .

    Choose Simulate CENVAT.

    A dialog box appears, showing which postings the system will make to reverse the CENVAT.

    To close the dialog box, choose .

    Choose Post CENVAT.

    03.cancel the excise invoice.

    The system changes the excise invoice status to Canceled.

    Canceling Excise Invoices

    From the SAP Easy Access screen, choose Indirect Taxes --> Procurement --> Excise Invoice --> Incoming Excise Invoices --> Individual Processing --> Change/Display/Post/Cancel.

    In the top line:

    Select Cancel.

    Select Vendor Excise Invoice.

    Enter the excise invoice number.

    Choose .

    Save the excise invoice.

    Add a comment
    10|10000 characters needed characters exceeded

Before answering

You should only submit an answer when you are proposing a solution to the poster's problem. If you want the poster to clarify the question or provide more information, please leave a comment instead, requesting additional details. When answering, please include specifics, such as step-by-step instructions, context for the solution, and links to useful resources. Also, please make sure that you answer complies with our Rules of Engagement.
You must be Logged in to submit an answer.

Up to 10 attachments (including images) can be used with a maximum of 1.0 MB each and 10.5 MB total.