Excise

[Former Member]

Hi all,

In Excise Configuration (spro level: Logistic general>>tax on godds movements>>>India>>Account determination>>>specify GL account per excise transaction) it was configured against DLFC account key Under CENVAT SSE the GL accounts are 6051004 and 6051001 with SUB Transaction Type 'Blank ' and '01'.

My question is that is this SUB Transaction Type is Standard or it can be customized against DLFC account key and there would be a separate GL code under CENVAT SSE in configuration level?

help me.

With regards,

Sudipto

[Former Member]

Hi

The Excise sub-transaction types are used for the reason if you want to post entries to the different GL account for the same excise transaction type. I will explain to you with an example. You have two scenarios the first one is sending back the rejected goods to the vendor and sending a raw material free sample to the customer. In both the cases, we can use excise transaction type "OTHR" for creating excise invoice. In the first case the excise amount has to be posted to the Cenvat clearing account as it has to be netted off against the Cenvat availed. In the second case the excise amount has to be charged off to the P&L account. If you use sub transaction type for these two scenarios, the excise amount can be posted differently to different GL accounts. If you are not using sub-transaction type, then both the amounts will get posted to cenvat clearing account and you need to pass a journal entry from Cenvat clearing account to the P&L GL account for charge off.

Regards,

Lakshmanan Krishnan

[Former Member]

Hi,

There is no standard subtransaction type. You can specify GL account without subtransaction type also. For same transaction type if you need to have two different GL account, you can well create

a subtransaction type in Basic Settings and assign a GL account for DLFC without Subtransaction type and as well another GL account with the subtransaction type you have created.

Regards,

Sadashivan