Request to kinldy do let us know what is the effect of the immediate utilization tick in series group.
Whether it does have account affect the or is only for reporting purpose and the account hitting actually takes place the way we define in "Transaction code vs account" and the GL given.
Immediate Utilization of CENVAT: - If you activate this for Series Group then;
Specifies that when you create an excise invoice, the system immediately pays the amount from CENVAT and creates the Part II entry. Such invoices will not be listed for fortnightly utilization.
If you have both fortnightly and immediate utilization for the same excise group, the account determination within CIN IMG should point to the ED interim account.
Account determination for immediate payment will be done exactly the same as being done for fortnightly utilization program.
Generally in case of Excise Invoice for Vendor Return, we create a separate Series Group and activate "Immediate Utilization of CENVAT" for this so that this Excise Invoice should not get considered during Monthly Utlization in (J2IUN). And in case of Series group of Sales Excise Invoice, we don't activate the 'Immediate Utilization of CENVAT" so that these invoices will appear during Monthly Utilization in J2IUN