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author's profile photo Former Member
Former Member

Return Delivery

Hello All,

For rejection of vendor's excisable material i have created return delivery document & accordingly i have Created excise invoice (J1IS) to send with the material to the Vendor. After that i have posted the above Excise Invoice (J1IV) system generated the excise invoice number. Now how can i reverse the cenvat posting on the excise invoice...

Please help me.

Thanks,

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    author's profile photo Former Member
    Former Member
    Posted on Jul 25, 2008 at 07:57 AM

    Hi,

    Once you process the J1IS for that return delivery, then again goto J1IS there enter the Excise invoice number(internal) then from the menu bar select the Cancel excise invoice, system will reverse the excise posting with respect to that document.

    No need a seperate cancellation process. J1IS will do everything.

    rgds

    Chidanand

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    • Hi,

      The cycle flows like this;

      At the time of GR (MIGO);

      Stock A/c - Dr

      GR/IR Clearing A/c - Cr

      Excise Invoice Posting (J1IEX);

      CENVAT Receivable A/c - Dr

      CENVAT Clearing A/c - Cr

      At the time of LIV (MIRO);

      Vendor A/c - Cr

      GR/IR Clearing A/c - Dr

      CENVAT Clearing A/c - Dr

      At the time of Vendor Return (MIGO);

      Stock A/c - Cr

      GR/IR Clearing A/c - Dr

      Excise Invoice for Vendor Return (J1IS & J1IV);

      CENVAT Receivable A/c - Cr

      CENVAT Clearing A/c - Dr

      At the time of Credit Memo (MIRO);

      Vendor A/c - Dr

      GR/IR Clearing A/c - Cr

      CENVAT Clearing A/c - Cr

      Note: - If you debit CENVAT Suspense A/c at the time of J1IS/J1IV then at the time of Credit Memo processing (MIRO), you can not credit CENVAT Clearing A/c and Debit Vendor. The logic is very simple, at the end of whole cycle Clearing A/c should be nil, there should not be any balance.

  • author's profile photo Former Member
    Former Member
    Posted on Jul 25, 2008 at 07:53 AM

    Hi,

    In vendor returns J1is is used to reverse the excise credits (j1iex) used while procumbent. Thier is no need again reverse entry. If you create excise invoice through J1IS for vendor returns no need to do again reverse. J1iv for printing.

    Subrahmanyam

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  • author's profile photo Former Member
    Former Member
    Posted on Jul 25, 2008 at 07:56 AM

    Hi

    If you go thro the FI postings of J1IS its very clear that reversal entries of J1IEX are happened there,so no need to cancel J1IEX postings.

    Regds

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  • Posted on Jul 25, 2008 at 07:59 AM

    J1IS & J1IV itselves Reverse then No need to reverse again Excise Invoice.

    Raise a Credit Memo using MIRO.

    Regards,

    Ashok

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