How to transfer 50% modvat credit in next fiscal year

[dharmveer]

Hi,

Please tell me how to transfer 50% credit next year for capital goods-RG23C-Part-II regarding modvat/cenvat

Thanks,

Dharmveer

[dharmveer]

Ok , Once we will go for closing activities and we will see.

[Former Member]

Hi

you have to run J2I8 t-code to transfer 50% modvat credit in next fiscal year.

After execute that t-code select excise invoice and click on Transfer Credit button .

After Transfer Credit you can find those amount in J2IUN (monthly Utilization)

Regards

Tanmoy

[dharmveer]

We checked some document , we are not getting in J2IUN . I think , we will get after GL caary forward to the next year. Please corrrect me i am correct or not

Thanks,

Dharmveer

[Former Member]

Hi,

When the Part-2 entry happen then Excise clearing A/c CR and BED DR........all the Excise material amounts should be up dated in Excise A/c.hence uncleared amounts are automatically carry forwarded in excise A/c