Goods Return for Capital Goods

[Former Member]

Dear Experts,

I need correct SAP Process for the below scenario :

GRPO for Capital goods has been raised.

Incoming excise Invoice for the GRPO has been booked. While booking Incoming excise invoice, 50% of the Excise duties will be posted to Capital Goods On hold account defined in the GL Account determination.

Now due to some reasons i am raising Goods return for the GRPO raised earlier for the Capital Goods.

Then i am booking the Outgoing excise Invoice. But in the Outgoing excise invoice the 50% Of the excise duties posted to the on hold account is not reversed.

In outgoing excise Invoice,Only sales accounts defined in tax code will be credited and CENVAT Clearing account will be debited.

How to reverse the 50% Excise duties got posted in the On hold Account ?

Kindly mail some Valuable suggestions

Regards

New Age Bizsoft Solutions

[Former Member]

Hello Friend,

Have you solved this process or still working on it ?

if you find the solution then could you explain little more .

Thanks

Manvendra Singh NIranjan

[Former Member]

Hi,

There is no defined process for returning capital goods.

While making the Incoming excise invoice Purchase tax accounts defined in tax code and On Hold account defined in GL Account determination will be debited for the 50% value.

While returning the same,in Outgoing excise invoice, sales tax accounts defined in tax code will be credited for the whole value.

After doing this, An adjustment journal entry need to be passed by crediting the On hold account and debiting the sales tax accounts defined in tax codes for only the 50% excise value.

By doing so our input and output for excise booking will balance.

Hope you got my view in it.

Regards

Ravindran Srinivasan.