Sales Return Excise JV

[Former Member]

Dear CIN Experts,

I have to pass Excise JV for Sales return. I have some queries regarding this process, Correct me if I am wrong.

1 ) This transaction is carried out by using t code J1IH by selecting Other Adjustment Option.

2 ) The ETT (Excise Transaction Type) that is used for this transaction is MRDY (REVERSAL WITHOUT REFERENCE).

3 ) The FI Entry that gets generated in this process.

RG 23A BED - Dr

RG 23A Cess - Dr

RG 23A Ecess - Dr

Modvat Clearing - Cr.

Thanks & regards

Rashid

[Former Member · Accepted solution]

Dear Ravi / All,

Thanks for Quick response. I have One more doubt.

In Specify Excise accounts Per Excise Transaction Node Earlier The Settings were not as per my requirement so I have changed that Config. Earlier it was like this.

MRDY - Cr - RG 23A

MRDY - Dr - Cenvat Clear Account.

And I have changed it like This.

MRDY - Dr - RG23A BED

MRDY - Dr - RG23A Cess

MRDY - Dr - RG23A S & H Cess

MRDY - Cr - Cenvat Clear Account.

So now It's Working fine. But whether this change is correct or not I am not sure. So please correct me if I am wrong.

Thanks & Regards

Rashid

[Former Member · Accepted solution]

Dear Rashid,

You are absolutely correct.

Thank you,

[Former Member]

Yes you are correct and check about the 2nd question it should be with reference i think.

Thank you,