sap mm How to post the account entries

[former_member1283074]

hi

Example                Material A - 100 Rs

                              Frieght  - 10 Rs (added to your Material Account)

     Packing and forwarding - 2 Rs (added to your Material Account)

                                   Total - 112

                         CST @ 2% on 112     -     2.24 Rs (Added to CST account Different GL)

                         VAT at 14% on 112     -     15.68  (Added to CST account Different GL)

how to fill the value

For Domestic Procurement of Raw Material

           During GR

                                   Material Stock           Dr.

                                   GR/IR clearing                       Cr.

                                   Freight                                      Cr.

                                    Packing and forwarding        Cr.

           During Excise Invoice Credit         

                                   Cenvat Account         Dr.

                                   Cenvat Clearing                    Cr.

           During Invoice Verification

                                   Cenvat Clearing        Dr.   

                                   GR/IR Clearing          Dr.

                                   Vendor Payable                     Cr

Moderator message: Please continue with our initial discussion: http://scn.sap.com/thread/3269469

Message was edited by: Jürgen L

[BijayKumarBarik]

Hi,

You need to have MM Pricing procure with Tax procedure to have material value with tax in purchase order. But check with business do you have CST or VAT for material? Either you will have VAT  Or CST for material.Also check with sales tax do you have entry tax?

Regards,

Biju  K

[former_member1283074]

HI

Thanks for you reply.

I need to know how to post Dr and Cr with values. Kindly teach me with VAT and with CST.

reg

cns

[Former Member]

Dear Satya,

As biju said either will have VAT or CST cannot be both together.

So lets consider haveing the tax only VAT in your scenario.

          During GR 

                                   Material Stock                               Dr. 100

                                   GR/IR clearing                            Cr.- 112

                                   Freight                                           Dr.- 10

                                    Packing and forwarding             Dr- 2

.

           During Excise Invoice Credit  

                                   Cenvat Account                   Dr. 15.68

                                   Cenvat Clearing                    Cr. 15.68

           During Invoice Verification

                                   Cenvat Clearing                  Dr.    15.68

                                   GR/IR Clearing                    Dr.     112

                                   Vendor Payable                     Cr  127.68

Hope u got the answer.

Regards

S . patil