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author's profile photo Former Member
Former Member

GL accounts for excise & vat

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

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    author's profile photo Former Member
    Former Member
    Posted on Apr 01, 2010 at 04:25 AM

    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

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  • author's profile photo Former Member
    Former Member
    Posted on Apr 02, 2010 at 04:48 AM

    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

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