Asset P.O.

[Former Member]

What are the j1id settings to be done for an asset material, to get an excise tab, while doing migo. its ur

thanks

tuljasingh.

[former_member581212 · Accepted solution]

hi,

Its Material Chapter id, Vendor excise detail , cenvat determination ...

Hope it helps..

Regards

Priyanka.P

[Former Member · Accepted solution]

For cenvat determination it is asking input material & output material, but it is an asset material having no material code, only haves short description.

tuljasingh.

[Former Member · Accepted solution]

let the material field blank while creating the J1ID details.

maintain the record

then maintain the condition record either tax code base or material group/plant based

regards,

sujit

[Former Member]

hi

create the p.o with account assignment A and give the short description, qty, material group, price per unit and also give the asset number in the item details of p.o and also select the tax code in it.

while doing migo after marking the item as ok we will get the excise item tab where we will declare the chapter id to which the material belongs and also declare the material as asset and post the material document after giving the excise invoice number and date.

now when we post the excise invoice automatically the system holds the amount of 50% as we can only avail 50% cenvat credit this year and balance in the next fianancial year only

[Former Member]

Wrong tax code is assigned for the given P.O. Thus the problem araises,

Now I want to know where we assign the tax code for a vendor, for import and local.

thanks

tuljasingh.

[Former Member]

Dear Tuljasingh,

In J1ID table Maintain Chapter ID, Material & Chapter ID combination, Material Assesable Value, Cenvat determination, Vendor Excise details, Excise Indicator for plant, Excise indicator for Plant & Vendor and Finally Excise tax rate.

In Material & chapter Id combination, maintain material type as

A Assets.

Create seperate tax code For Ex: WA-: CG set off 14% BED,2%Ecess,1% SEcess &4% VAT.

Assign this tax code in the purchase order.

Regards

M P D Kamath

[former_member529134]

First Goto

SPRO-LO Gen-Tax on goods movement-India-Basic settings-Maintain excise registrations

Select your excise registration and go to details.

Here tick the partial credit and save.

Then goto

SPRO-LO Gen-Tax on goods movement-India-Basic settings-Maintain company code settings

Select your company code and go to details and tick the immediate credit on capital goods and save.

Then maintain the chapter id. material chapter id combination,cenvat determination,vendor excise details, excise indicator for plant and vendor,excise rate determination.

And also give the chapter id in foreign trade view of the material master for that material.

Regards