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Excise Credit needs to be taken for asset acquired through F-90

Hi

I acquired one asset through F-90 (without Purchase order and MIGO / MIRO). I selected tax code with V2 - 10% exicse duty and 12.5% VAT.

I entered asset number, quantity, amount, tax code, vendor details and date. I didn't entered asset material master number created in MM01.

Entry was posted:

Asset A/c.. Dr

Basic Excise Duty Receivable A/c.. Dr

Education Cess on ED Receivable A/c.. Dr

Secondary and Higher Cess on ED Receivable A/c.. Dr

VAT Receivable A/c.. Dr

To Vendor A/c.

Entry was perfectly posted. But my excise registers (CIN Module) were not updated. So i wanted to know how to post entries in excise registers (CIN Module) through Finance entry like F-90.

Please help.

Edited by: Deepak Agrawal on Nov 17, 2011 12:49 PM

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1 Answer

  • Posted on Nov 17, 2011 at 09:31 AM

    Hi

    You need to follow the MM route... FI cant update excise registers

    Reverse your FI acquisition and do the same from MM

    br, Ajay M

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