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Former Member
Jun 27, 2011 at 01:32 PM

Excise reversal on Capital goods

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I am facing a problem in Excise. The client has taken a wrong credit of asset in a dealers transaction.

MIGo Done

J1iex - Credit taken.

The client wants to reverse the transaction since the credit is taken more. 50% credit has gone to credit on hold.

We tried by reversing the 50% credit using J2I8 & then reverse the 100% credit taken in J1IH (Other Adjustment) & then take the credit in J1IH (Addational Excise) But at time of doing MIRO the Excise amt is the original amount of J1iex & system is not taking the new amt as taken in J1IH (Addational Excise).

Pls suggest how to reverse the original entry of excise & pass the entry for the correct amt of excise & also the same amount should appear at time of doing MIRO (For Capital Goods.)

Kindly revert...