Problem with the amount appearing in LC in MIGO

[Former Member]

Dear Guys,

I have made a dealer PO , this PO has 4 line items , I have done Migo for each item sepeartely,& while doing the migo ,I bifurcate the amount in the excise tab as per the info given by the vendor.

Now in the Migo of the first three line items the amount appearing in LC (qty Tab in MIGO) is matching with total amount (Base price +Excise Duty (10.3%) +CST) , but in the fourth item the amount in LC is equal to Base price + CST.

What might be the reason for this difference , & which is right( does dealer PO has anything to do with this difference)

Regards,

DGN

[former_member187989]

Check p.o tax code for 4th line item,U might have select tax code combination with CST(non deductable),thats why it is added to material code,important point you might not have ticked mrp indicator in excise invoice tab,clicke pencil icon & see it.

[Former Member]

Yes you are right I have checked the MiGO of all four items , in the first three lines the MRP indicator is not ticked, & in the fourth its ticked that is the reason for the difference.

But what amount should appear in the LC .

Regards,

DGN

[former_member187989]

Maintain zero rate tax code for dealer po's.

[Former Member]

Hi ! Jeyakanthan,

I am already maintaining the zero tax code for all dealers PO , what I would like to know know what should be the amount appearing in LC (In Migo) , should it be Base Price + Taxes + CST or only Base Price +CST (since you get set off on Taxes ).

Regards,

DGN