50% credit on capital goods for previous year is not availed

[former_member424251]

Dear All,

The go-live date for my client was 01.10.2009. Now, in Apr, 2010 when the client is trying to get the 50% credit on Capital Goods (t. Code j2i8), system is not generating any data of the previous year. (From Oct, 09 to Mar'10). However, if we see the GL Balace for 'Cenvat On Hold A/c' as on 31.03.2010, it shows a balance of Rs. 2.50 lakhs approximately.

Can you please tell me why system is not showing any details through j2i8 for previous year?

Thanks & Regards,

Reshma

[former_member187989]

Probably 50% credit might have taken for previous year,pl check it once again ? or else check

RG23C part 2 excise enteries are posted within previous year period.

[former_member424251]

Hello,

The settings before 01.04.2010 were same. However, after thorough checking of the GL A/cs, I have following observations -

1) Plant 1 - Balance as on 31.03.2010 in Cenvat on Hold A/c -Rs. 195080. It is upload balance & t.code used is FBVB

There are some more transctions in this A/c which are reversed due to wrong entries.

Balance in Excise Duty RG 23 C as on 31.03.2010 - NIL

2) Plant 2 - Balance in Cenvat on Hold A/c as on 31.03.2010 is Rs. 166701. Again this is an upload balance with FBVB

Balance in Excise Duty RG 23 C as on 31.03.2010 - Rs. 56931.62

3) Plant 3 - No upload balance. All the transactions are routed through J1IEX except 1 from FB01

Balance as on 31.03.2010 - Cenvat On Hold A/c - Rs. 86876.06

ED RG 23C - NIL

Hence, would like to know -

1) Any separate procedure to take the credit of upload entries?

2) If the Balance in ED RG 23C A/c is NIL, will it affect on taking credit?

Thanks & Regards,

Reshma

[Former Member]

Check in SPRO settings

SPRO settings Logistic General---> Tax on goods MovementIndia-Master Data---Account Determination ---

secify Excise Accounts for Excise Transaction .- here check whether CAPE excise transaction maintained correctly or not.

CAPE Credit CENVAT on hold account

CAPE Debit CENVAT on hold account

CAPE Debit RG 23 AED account

CAPE Debit RG 23 BED account

CAPE Debit RG 23 SED account

Rgds

Vani

[former_member424251]

Hello,

The entries maintained for CAPE are -

CAPE Credit CENVAT on hold account

CAPE Debit CENVAT on hold account

CAPE Debit RG 23AT1 account

CAPE Debit RG 23 BED account

CAPE Debit RG 23 ECS account

Please tell me whether these are correct or I need to change it?

Also if I execute j2i8 for the the current year (01.04.2010 to 31.10.2010), I am able to take the credit.

Hence I think, there is some issue only for last year (01.10.2009 to 31.03.2010).

Please tell me if I am going wrong anywhere?

Rgds,

Reshma

[Former Member]

Hi

Please check the configuration before 1.4.2010 is it same or not.

Rgds

Vani

[former_member187989]

Use J2I8 to take 50% credit on capital goods.

[former_member424251]

hI,

Thanks for the message. I am using J2I8 only. However, system is not generating any data for previous year.

Rgds,

Reshma

[former_member187989]

What is your selection parameters ?

[former_member424251]

Hi,

I am giving the following parameters -

Company Code 1000

Plant 1100

Excise Group X1

Posting dates 01.10.2009 to 31.03.2010

Display Options - List based on Vendor Name

Rgds,

Reshma