on 07-23-2008 11:00 AM
Hi
I have posted the MIGO by entering the Excise amounts manually and the Material type Noncenvatable. But the G.R amount is more than the P.O TOTAL AMOUNT (around 20%)
Please tell me where and what to check
Dhanu
Hi,
Please check the accounting entries in MIGO document, which account is hitting more amount. Check the Quantity received and po qty. Non cenvatable means excise amounts are add to materials cost (due to it is non modavatable and no claim from excise) and it may cause the rise in GR amount more than PO.
Subrahmanyam
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yes kv is correct as ur tax is non cenvatable so in this case during GR the value of tax will be added up with the material cost for ex in P.O the cost of mat is 100INR & tax value is 20INR so during GR the amount of mat will Rs 120, I think u got it , pl rewardif i had cleared ur doubt.
sap11
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Hi,
In PO itself,set the Delivery Tolerance so that more than PO quantity will not be accepted while doing MIGO.
Regards
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If you get an error message that the quantity exceeds the tolerance, then you have to decide whether you want keep the quantity or just want to receive the quantity you had in the PO and send the rest back to your vendor.
IF you want keep all quantity, the ngo to the PO and change the tolerance to allow the full quantity to be received.
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Hi Dhana,
In OMR6 Set Tolerance Limits for Invoice Verification Check the Settings.
Reg,
Ashok
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