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Return delivery - J1IS credit memo

Former Member
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Hi,

I have did po and migo (101 mov type), later i have returned the material using 122 mov type and did J1IS refering the return doc number. I didn't post miro. i.e didn't get the vendor invoice.

In this case, shall i need to use credit memo? pls give ur inputs.

Accepted Solutions (1)

Accepted Solutions (1)

former_member192897
Active Contributor
0 Kudos

No Need to Raise any Credit Memos.

Credit Memos are to be Raised if you have done Payment befor Return deliveries.

Regards,

Ashok

Answers (3)

Answers (3)

pankaj_singh9
Active Contributor
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Hi,

It totally depends on the Business Requirement.

In case if vendor is supplying fresh material for the materials returned by you then it is not necessary to create Credit Memo.

And in case if vendor is not supplying fresh material and you have already paid him for the materials purchased so you have to create a credit memo and debit the vendor by that much material value and get back your money from him, otherwise you will be in loss.

kunal_ingale
Active Contributor
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hi

u have to do credit memo if u have done payment

check following process

1. MIGO - Return delivery > Material Document (Here refer GR doc, system will determine mvmt type "122" automatically, select Stock type as "Blocked Stock" under Where tab)

2. J1IS - Excise Invoice Other Movements

Here click on u201Ccreateu201D button to create an outgoing excise invoice and reverse the CENVAT Amount.

Here put all details as below and Press u201CEnteru201D.

Ref.doc. type - MATD, Doc Number - Material document No of 122 mvmt, Doc Year, Series Group, Excise Group, Vendor

Here check BED, ECS and SECess values to be reversed and click on u201CSaveu201D button to post the excise invoice.

3. J1IV - Post and Print Outgoing Excise Invoice.

4. MIRO - Credit memo w.r.t. Original PO.

accounting entries are as follows

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

regards

kunal

award if helpful

Edited by: kunal ingale on Sep 5, 2008 11:18 AM

Former Member
0 Kudos

no