on 12-11-2008 8:27 AM
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
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
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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
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