GL account for excise duty for sales and excise JV

[Former Member]

Hi

When i did billing in VF01, entry posted:

Customer A/c Dr. 115

Sale Revenue A/c Cr. 100

Excise collected on Sale Cr. 15

(We can split Rs.15 to BED, E.Cess and SH E.Cess a/c )

During excise invoice creation, entry posted:

Excise duty(expenditure) A/c Dr. 15

Excise duty BED payable Cr. 12

Excise duty E.cess payable Cr. 2

Excise duty SH E.cess payable Cr. 1

Now i want to know where we specify following GL accounts. Do we specify in VKOA or ETT table:

1. Excise collected on sales A/c

2. Excise duty(expenditure) A/c

Please suggest.

[Lakshmipathi · Accepted solution]

VKOA or ETT table

Specify in ETT

G. Lakshmipathi

[Former Member · Accepted solution]

Hi

Thanks for the reply. I went through ETT Table. There are different types of transaction types like DIEX, OTHR, etc. Under which transaction type we give it ?. Also i want to know if table is same and transaction type is same, how can i give two separate GL accounts. Can you tell me under which heading i need to give above mentioned GL accounts.

Please suggest

[Former Member]

Please go through the ETT GL determination in detail your doubt will get clear.

In ETT we put GL for BED, ECS, HSECS (AT1) for payable and receivable through which CENVAT SUSPENSE A/C get triggered through these three accounts. these we maintain in specify excise account per excise transaction.

Hope this will help you to understand the basic.

Reward points if helpful

Tanveer

[Former Member]

why you want to create new ETT. Let us know the requirement.

you can fulfill all your requirement with std ETT.

For JV there are other ETT like OTHER and DIEX through which your requirement can be achieved.

Tanveer

[Former Member]

In pricing procedure, there will be three different line item (like basic, education cess and SHEC). So same GL (i.e. excise collected on sales) will be credited and three line items will be created for excise collected on sales.

And when i do J1IIN, how DLFC will recognize total amount of excise and it will break in actual basic education cess and SHEC duty payable A/c

[Former Member]

Hi Meenu

You need to maintain GL in VKOA for Excise collected on sales A/c with account key which you have maintained in pricing procedure

and in ETT for Excise duty(expenditure) A/c

For Sale transaction ETT is DLFC.

U need to maintain Excise duty(expenditure) A/c GL under CENVAT Suspense account for DLFC.

Hope it will help you.

Tanveer

[Former Member]

In pricing procedure, there will be three different line item (like basic, education cess and SHEC). So same GL (i.e. excise collected on sales) will be credited and three line items will be created.

And when i do J1IIN, how DLFC will recognize total amount of excise and it will break in actual basic education cess and SHEC duty payable A/c

Edited by: Meenu_ND on Jan 22, 2012 5:42 PM