GL accounts for excise & vat

[Former Member]

Hi SAP GURUS,

We are having plant at multi state. We have to pay excise and vat registrations at plant level. How my account should be designed for this taxes. should I have a statewise accounts or central accounts.

Thnaks

CHEERS

[Former Member · Accepted solution]

Dear,

You seperate GL account numbers as per registration number....

All VAT and Excise GL Accounts should be seperated based on states......

Excise will require following accounts..

BED Payable...AED Payable...SED Payable...Ecess Payable...SE Cess Payable...PLA on Hold...PLA BED...PLA AED...PLA SED.....PLA Ecess.....PLA SE Cess.....CENVAT Clearing.....CENVAT Suspense.....CENVAT Offset.....BED Recoverable.....

AED Recoverable.....SED Recoverable.....Ecess Recoverable.....SE Cess Recoverable.....

Above you should confirm with process owners that AED or/and SED is Applicable or not...if they are not then GL accounts are not required...

VAT GL Accounts.

VAT Payable (state)

VAT Recoverable (state)

CST Payable (state)

Multiply above accounts with the number of states you have...

Regards,

Chintan Joshi

[Former Member · Accepted solution]

This message was moderated.

[Former Member · Accepted solution]

Hi,

Keeping separate G/L accounts per for excise registration helps in general ledger balances and excise regsiter balances reconciliation for transactions per excise registration.

Hope this clears your query.

Regards,

Ashutosh M.

[Former Member · Accepted solution]

HI,

taking forward what deepak rightly pointed out in gl also i can put business place & check the balalneces.

kindly mention any other reason for creating different accounts for this

[Former Member · Accepted solution]

Hi,

Business place is used for withhodling tax reporting as per TAN no. & not for excise.

It is not mandatory to keep separate G/L accounts for excise. The same can be seen as per excise groups.

But it is advisable to keep separate G/L accounts which helps in balance reconciliaions as per excise G/L account balance and excise register balances as per excise groups.

Regards,

Ashutosh M.

[Former Member · Accepted solution]

Please tell me the GL Accounts with there parameters like which GL Accounts are Current Assets/Libalities and Expenses, Please give in detail

[Former Member]

Hi

there is no need to create different G/L acounts for plant level.for reporting purpose you can extract report on excise group basis

Thanks

Dipak