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Dec 05, 2008 at 05:09 AM

Separate G/L for excise nonsetoff

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Hi everybody

I have an issue related to excise. Normally excise setoff a/c will be shown separately and excise nonsetoff will be added to the inventory and so we cant trace how much is the excise nonsetoff. Is there anyways of posting this excise nonsetoff a/c separately and track the amount for a period.

anyways it should get added to inventory also.

Ex:

for setoff:

material debit 100 INR excise a/c debit 16 INR

gr/ir clr credit 100 INR excise clrg a/c credit 16 INR

for non setoff:

material debit 116 INR

gr/ir clr credit 116 INR

The above is usual.

Clients requires as follows for nonsetoff

for non setoff:

material debit 116 INR

gr/ir clr credit 100 INR

excise non setoff clrg a/c 16 INR

Any help appreciated

Thx

Raja