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Excise Posting

Dear All,

We have 1 plant in Uttranchal, which is tax exempted unit.

we receive Purchase invoice on which Vendor bills us the excise duty.

As this is our Tax exempted unit to pay excise & supplier is charging the excise.So,How to post these bills?

please reply urgently.

Former Member
Former Member replied

Hi,

Treat this Plant as Non-Excisable but for this you have to create an Excise Registration Key and assign to this Plant. For this Excise Registration Key, don't activate any Taxes.

And create a non-deductible tax code for 14% BED + 2% ECS + 1% SECess + CST/VAT as applicable and then use this in PO. At the time of GR, these duties will get loaded to stock of material and credit GR/IR Clearing A/c. And during LIV, credit vendor and debit GR/IR Clearing A/c.

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