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Former Member

Dealer invoice+VAT

Dear all,

In dealer invoice, we have done the process by ticking the MRP indicator and entering the excise duties manually in MIGO. During MIRO, all the values are coming correctly except VAT.

For ex:

PO base value is 10000

VAT is 400

The total PO value is 10400.

Now in MIGO we have reduced the base value to the extent of excise values by clicking the MRP indicator and then posted.

So the GR entry:

Stock A/c Dr: 9917.6(1000-Excise values(80(BED)1.6(Ecess)0.8(Shecess)

to GR/IR A/c Cr. 9917.6

Now in MIRO

The following entry is coming:

GR/IR clearing a/c dr 9917.6 dr

Cenvat clearing a/c dr 80

Cenvat clearing a/c dr 1.6

Cenvat clearing a/c dr 0.8

Vat input a/c dr 396

To Vendor a/c cr 10396

Now you can see the vat input amount instead of 400 it is coming as 396. This is wrong. Please suggest me how to make it correct.

Thanks & Regards,

A.Anandarajan.

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2 Answers

  • Posted on Nov 03, 2009 at 07:46 AM

    Hi

    One possible reason is your tax procedure. Check in your calculation procedure the Base on which VAT is calculated. It should capture the total value of Base plus excise duty. you can check the procedure in OBYZ

    regards

    Sanil Bhandari

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    • Former Member

      Hi,

      Thanks for your reply. We are using TAXINN. For dealer invoice only, the VAT is not getting calculated on BaseExcise duty. For normal invoices(exclusive), the VAT is getting calculated on BaseExcise duty. Please suggest me.

      Thanks & Regards,

      A.Anandarajan.

  • Posted on Nov 03, 2009 at 07:52 AM

    Hi,

    When you are selecting the MRP based GRN, You can enter the Value in MIRO Manually( GRN Values in teh MIRO Line Item) then this problem won't come.

    Revert if any Issue

    Regards,

    Kishore K

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