Reveseonly part of excise amount charged on a sale

[Former Member]

by mistake we have charged 10% excise invoice of 8% on 2 Branch Transfer invoices. product are non modvatable for receiving plant. so we want to reverse the difference (2%).

payable debit

excise duty paid on sale (cr)

What is the procedure to reverse the excise in above case?

regards

[Former Member]

Dear vkumar,

Use subtransaction type in J1IH, in Other adju; to debit the excess Excise amount

1.Define a subtransaction type.

IMG -> Logistics - General -> Tax on Goods movement -> India -> Basic Settings -> Maintain Subtransaction Types

2.Specify G/L Accounts per Excise Transaction : for combination of that ETT & subtransaction type

IMG -> Logistics - General -> Tax on Goods movement -> India -> Account determination -> Specify Excise Accounts per Excise Transaction.

Here you can assign the relevant G/L accounts. Confirm with FI consultant.

3.In J1IH, in Other adju; select that subtransaction type to debit the excess Excise amount.

Regards,

Nitin Jaiswal

[reazuddin_md]

you can cancel excise invoice & re-create excise invoice in J1IIN.

through CEIV transaction type- accounting entries will be reversed ( as configured in CIN Account determination)

[Former Member]

we dont want to reverse full invoice.

we have to reverse only few amount that has wrongly charged on invoice.

[reazuddin_md]

As you said, you have charged 10% instead of 8%, then based for ECS & SHECESS also calculated wrong. then it has to be reversed.

if tax is applicable, then I guess, you have collected tax more than actual. In that case, you dont have an option unless cancel the actual invoice i.e. commercial invoice.

[Former Member]

we want the reverse as following

:

excise bed payable db

Ex duty on sale cr

from j1ih oth adj it is taking rg23a/c

[Former Member]

Dear vkumar,

Use J1IH and click on Other adju and debit the excess Excise amount.

Other adju tab is for making debit entry.

add excise tab is for making credit entry.

Regards,

Nitin Jaiswal