MM

[Former Member]

Dear all

can any one give detailed postings at the time of MIGO and MIRO regarding excisable item and freight

[BijayKumarBarik · Accepted solution]

Hi,

Accounting enterie are

1.In MIGO

Raw Material Stock A/c Dr

GR/IR Clearing A/c Cr

2.In MIGO transaction itself, you can post Excise by choosing Capture and Post Excise Invoice. The entries are

RG23A Basic Excise Duty A/c Dr

RG23A Education Cess A/c Dr

CENVAT Clearing A/c Cr

3.After doing MIGO, you execute MIRO. The entry will be as follows:-

GR/IR Clearing A/c Dr

CENVAT Clearing A/c Dr

VAT Setoff A/c Dr

AP-Vendor A/c Cr

Regards,

Biju K

[Former Member]

thanks for response

[kunal_ingale]

hi

plz check following site it will give u mov type wise accting

www.sapstudymaterial.com

The cycle flows like this;

At the time of GR (MIGO);

Stock A/c - Dr

GR/IR Clearing A/c - Cr

Excise Invoice Posting (J1IEX);

CENVAT Receivable A/c - Dr

CENVAT Clearing A/c - Cr

At the time of LIV (MIRO);

Vendor A/c - Cr

GR/IR Clearing A/c - Dr

CENVAT Clearing A/c - Dr

At the time of Vendor Return (MIGO);

Stock A/c - Cr

GR/IR Clearing A/c - Dr

Excise Invoice for Vendor Return (J1IS & J1IV);

CENVAT Receivable A/c - Cr

CENVAT Clearing A/c - Dr

At the time of Credit Memo (MIRO);

Vendor A/c - Dr

GR/IR Clearing A/c - Cr

CENVAT Clearing A/c - Cr

Note: - If you debit CENVAT Suspense A/c at the time of J1IS/J1IV then at the time of Credit Memo processing (MIRO), you can not credit CENVAT Clearing A/c and Debit Vendor. The logic is very simple, at the end of whole cycle Clearing A/c should be nil, there should not be any balance.

hope it clears

regards

kunal

award if helpful