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author's profile photo Former Member
Former Member

CIN

Dear All,

1)Our client procures asset and settings has been done in spro and in J1ID.

Credit is taken while doing GR (Capture and Post).

Kindly explain where the GL accounts will be picked(either from CAPE or GRPO as we maintained GL accounts in both ETT).

2)We use CVD, Ecess on CVD and Sec Ecess on CVD for taking CENVAT credit(not AED)

In J2I8, i can see half of the value of BED in AED available column.

How its possible?

Please explain for both the above queries.

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3 Answers

  • author's profile photo Former Member
    Former Member
    Posted on Nov 10, 2009 at 10:22 AM

    Hi

    1. Incase of asset, it should pickup CAPE, based the J1ID, so that while making GRN: 50% will be on hold account and balance 50 % will be posted to the RG23C register.

    REgards

    Prasanna

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 10, 2009 at 11:55 AM

    HI,

    By setting in SPRO >>Lgistics general>>Tax on Goods Movts>>India >. Account detrmination>> Account per Excise Transaction.

    Here Setting for CAPE Excise transaction ,Debit to on Hold account and Credit to 50% cenvat clearing account.

    As per this setting the amount will be destributed.

    The GLS also set to thie anhold account.

    Regards,

    Andra

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  • author's profile photo Former Member
    Former Member
    Posted on Nov 10, 2009 at 11:57 AM

    Hi,

    For Excise tables, SE16 and Enter as J-1iPart2 or 1 as per requirement and next screen enter the CAPE in Excise TT type field and Excute.

    REgards,

    Andra

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