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Former Member
Mar 23, 2011 at 11:10 AM

Dealer CENVAT Scenerio

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I am having dealer scenerio.

While PO the user does not know what will the Excise amount

I have tried following attempt

For DEALER INVOICE, For Example:

Material Price = 1000/-

Excise Duty = 103/- (BEDECessSECess)

Margin of Dealer = 300/-

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Total =1403/

VAT @4% = 56/-

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Grand Total =1459/-

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PO created for Dealer Vendor with Base Price as 1403/- by selecting tax code which is having VAT as 4% (Total PO value will be 1459/-)

& then done MIGO, selected MRP indicator in miscellaneous tab, Entered Assessable value 1300/- as in Excise tab Item level and entered the excise values BED, ECess , SECess manually, & saved the document.

And finally while MIRO , i have edited base value as 1300/-enter the amount, but the system is calculating VAT on 1300 not on 1403. if i keep 1403 as base amount system is crediting the vendor by 140310356=1562.

Please guide me to correct scenerio.

Regards,

Pranav Dave