Assignment of G/L to ETT

[Former Member]

Hi Experts

At the time of return delivery to vendor (122 mvmt type) OTHR is picking and for that the BED G/L account assigned is Sales Domestic ED Received.

Because of this at the time of return delivery sales domestic BED received(not involved at the time of GR) account is credited and CENVAT Suspense account is Debited.

Why is it like that?

Regards

Srini

[pankaj_singh9 · Accepted solution]

Hi,

Go to SPRO > Logistics - General > Tax on Goods Movements > India > Account Determination > Specify G/L Accounts per Excise Transaction

Here, it should be CENVAT Input - BED A/c

At the time of J1IS, following entry should happen;

CENVAT Input - BED A/c - Cr

CENVAT Input - ECS A/c - Cr

CENVAT Input - SECess A/c - Cr

CENVAT Suspense - Dr OR CENVAT Clearing - Dr