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MM

Former Member
0 Kudos

Dear all

Recently excise duty rate is reduced to 10% from 14% with effect from 7th december'08.

While procuring material from vendor,

vendor at the time of delivering material as per invoice date(before 7th december) excise rate is 14%. But, by the time we do GR at our place,excise rate is 10% as per our updated excise master(after 7th december)

How to tackle these type of specific transactions; Please guide me

Accepted Solutions (1)

Accepted Solutions (1)

kunal_ingale
Active Contributor
0 Kudos

hi

if ur using taxinj process then

in j1id u have to change validity of the existing records (14 %)

like maintain the to field as 7.12.08 for all chap ids

now save and then copy all this record and change validity from 8.12.08 to 31.12.2099 with 10 %

so for old pos system will take 14 % and for new 10%

for TAXINN process u have to do same for condition records of JMOP in FV11

regards

kunal

Former Member
0 Kudos

Dear

ours is TAXINJ procedure.We have already updated in J1ID up to 7th december 14% and

from 8th december to 2010 as 10%

Need we maintain for all chapter IDs? or for only CENVAT INPUTS and SPARES enough?

Please guide me inthis angle

and help me for specific to particular cases which i mentioned

Former Member
0 Kudos

Dear Friend,

The best thing you can do is , while posting the Excise invoice , change the excise duty rates and amount for the POs that have already been created and GRs are expected.

Award if u find useful

Regards,

Answers (0)