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Former Member

Cenvat reversal

Hi,

I want to do reversal of cenvat utilization; how is it possible?

regards,

Shruti

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5 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Jan 04, 2009 at 06:16 AM

    Hi,

    Use -


    J1IH - Excise JV - Other Adj.

    may solve your problem.

    Prakash

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 04, 2009 at 07:21 AM

    Hi Shruti,

    U can also cancel E.I. with t-code J1IEX. This will also reverse the excise entries.

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  • Posted on Jan 05, 2009 at 05:29 AM

    hi

    u can reverse the excise invoice

    cnalcel the GR document then in j1iex post choose the invoice no and post with rejection code

    secondly u can use J1IH

    by creating JV

    Then better use Other Adj. option of Excise JV (J1IH) to reverse the Excise duty. Follow the below mentioned process;

    Making Adjustment Postings for Other Transactions

    Use: - You follow this procedure if you want to make an adjustment posting that does not fall into any of the other categories of adjustment offered by this function. You can only use an external document as your reference document.

    Procedure: -

    1. J1IH > Excise JV > Other adj.

    2. Enter data as required, including:

    u2022 Document number

    Enter the number of the external document that you want to refer to.

    u2022 CENVAT account selection group box

    Specify which account is affected by the adjustment posting is for. If the posting does not have to be remitted immediately, select Fortnightly payment.

    3. Click on u201CEnteru201D button.

    The system displays the information from the material document.

    4. Adjust the posting date as necessary and enter Vendor code as per requirement.

    5. Enter the amount of excise duty in either of the following ways:

    u2022 To enter line items for different materials and the excise duty accordingly, choose u201CDetailsu201D button and enter the line items in the table.

    Here fill details like Material Code, Quantity as per Excise Invoice, Batch No, Reference (i.e. GRN Document), BED and Ed Cess Amount manually.

    If you want system to propose the BED and Ed Cess Amount, Click on u201CGet Excise Invoiceu201D button and select the proper Excise Invoice from which the proportionate amount is to be copied.

    Select the u201CExcise Invoiceu201D and click on u201CContinueu201D button.

    It will copy BED and Ed Cess and SECess amount as per the quantity mentioned here. It will be proposed in proportion of selected Excise Invoice quantity and value.

    u2022 To enter the excise duty only, choose u201CHeaderu201D button and enter the excise duty in the totals fields at the foot of the screen.

    6. Specify which G/L accounts are to be posted to.

    7. Save the adjustment posting.

    System will post Excise JV Document; Accounting Document with Part2 Serial No has been successfully created.

    regards

    kunal

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 05, 2009 at 06:19 AM

    Hi,

    Since UD and Stock Posting has been done for the GR Document so it is not possible to cancel the GR Document.

    So you have to follow the Vendor Return Process only. Better follow the "Returns PO" concept for this and reverse material stock / value and CENVAT value also.

    Process Flow: -

    1. ME21N - Create a Returns PO (Activate "Returns" indicator for PO line item)

    2. MIGO - Goods Receipt > Purchase Order (Returns PO) (Here system will hit Mvmt type "161" and you can also select Un-restricted/blocked stock from where you want to return the stock)

    3. J1IS u2013 Excise Invoice Other Movements

    Here click on u201Ccreateu201D button to create an outgoing excise invoice and reverse the CENVAT Amount.

    Here put all details as below and Press u201CEnteru201D.

    Ref.doc.type - MATD, Doc Number - Material document No of 161 mvmt, Doc Year, Series Group, Excise Group, Vendor

    Here check BED, ECS and SECess values to be reversed and click on u201CSaveu201D button to post the excise invoice.

    4. J1IV - Post and Print Outgoing Excise Invoice.

    5. MIRO - Credit memo w.r.t. Returns PO. ( If LIV has been done )

    regds

    Sri

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  • author's profile photo Former Member
    Former Member
    Posted on Jan 16, 2009 at 03:04 AM

    ans

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