!st Stage Dealer

[Former Member]

Hi Friends,

Can anybody explain how to do the procurement through 1st stage deale withCST and with VAT?( we don't know the base value of passon duty of 14.42 atthe time of PO).Please reply

[pankaj_singh9 · Accepted solution]

Hi,

1. Create purchase order and enter net price (inclusive of base value and excise duties)

2. Excise duties not computed. (Excise duties = 0)

3. Capture of excise invoice

A) Capturing excise invoice together with goods receipt through transaction MIGO

- MRP indicator found in the Miscellaneous TAB popped up when you click on u201CMore datau201D button on Excise invoice tab at the header level in MIGO

The excise base value is defaulted as the PO price and the excise duties are zero. The excise base is changed such that the sum of the excise base value and the excise duties remain the same as the PO price. The excise base is reduced by the excise duty value and the differential amount is split amongst the relevant excise duty components.

Hence the material valuation also takes place correctly with the changed amount put as the excise base value. Otherwise this would incorrectly get inflated by the excise duty value also.

B) Capture excise invoice through transaction J1IEX

- MRP indicator found on the Miscellaneous tab in J1IEX

The excise base value is defaulted as the PO price and the excise duties are zero. The excise base is changed such that the sum of the excise base value and the excise duties remain the same as the PO price. The excise base is reduced by the excise duty value and the differential amount is split amongst the relevant excise duty components.

4. Invoice verification process through MIRO

Change the base value from PO Value to Assessable Value as per Vendor Invoice same as the base value of EI.

[kunal_ingale]

First stage dealer

This is Traders pass-on scenario.

E.g.:

Material Price = 80/-

Excise Duty = 14/- (BEDECessSECess)

Margin = 6/-

________________________________________

Total =100/-

VAT @3% = 3/-

________________________________________

Grand Total =103/-

________________________________________

Step 1:

Create PO with Base Price as 100/- by selecting tax code which is having VAT as 3% (Total PO value will be 103/-)

Step 2:

Post MIGO and Capture Excise Part - 1

Click on More details icon in Excise tab(header), check MRP Indicator in miscellaneous tab, Enter Assessable value as 80 in Excise tab Item level and enter the excise values BED, ECess , SECess manually, check & save the document.

Step 3;

Post Excise Part 2 in J1IEX

Step 4:

Post MIRO by checking calculate tax, edit base value as 80/- enter the amount in header as proposed by the system (103/-), simulate & post the document.

regards

kunal

[Former Member]

Hi,

1. Create purchase order and enter net price(inclusive of base value and excise duties)

2. Use the Sale Tax or VAT Tax code (Excise duties are not caluclated)

3. Capturing excise invoice together with goods receipt through transaction MIGO

MRP indicator found in the Miscellaneous TAB popped up when you click on More data button on Excise invoice tab at the header level in MIGO

4. The excise base value is defaulted as the PO price and the excise duties are zero. The excise base is changed such that the sum of the excise base value and the excise duties remain the same as the PO price. The excise base is reduced by the excise duty value and the differential amount is split amongst the relevant excise duty components.

5. Hence the material valuation also takes place correctly with the changed amount put as the excise base value. Otherwise this would incorrectly get inflated by the excise duty value also.

6.Post excise invoice through transaction J1IEX and MRP indicator found on the Miscellaneous tab in J1IEX

7. Invoice verification process through MIRO

Hope this Clarifies.

Regards,

Kumar