on 04-25-2012 12:59 PM
hi all,
currently we are using taxinj with 4.7 version.
currentle for capital goods 50% cenvet credit is taken in current fiscal year and remaining 50% is goes to cenvat on hold for next year.
now my clients wants to take 100% credit of capital goods on same year as per new goverment rule.
i know there is check box in company code settings of tax.
what steps i must follow to achieve this?
regards
sumit choudhary
Hi,
But what Register need to to update!
Declare that material as Raw material in J1ID with plant,material number and chapter ID combination in
"Material and chapter-Id combination" segment and save.
Create PO, do GR, capture excise and update register.
Regards,
Biju K
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Hi,
If you sure about your business process which is after posting 50% credit for asset and balance 50% credit want to take immediately in the first/same year itself ,than use t.code: J2I8
More on check SDN Blog:
Regards,
Biju K
Hi,
The above reply given how to take 50 % goods receipt for capital goods and then 50 % in same year with t.code: J2I8.
Check box selected to active to post immediately half of the input excise duty to the appropriate CENVAT accounts and rest is posted the the CENVAT on hold account which for use in the following year on goods receipt for capital goods.
Why can not do one cycle with Check box selected and another cycle without selecting Check box and you will find the difference@ accounting entries@ updating register!
Regards,
Biju K
Hi,
The answer again is J2I8 t.code - Avail of subs credit for Capital Goods for same year.
Check links for answer for same year credit:
http://scn.sap.com/thread/2028787
http://scn.sap.com/thread/1344623
http://www.scribd.com/doc/53895478/32/Report-Name-J2I8-Balance-Credit-of-Capital-Goods
Regards,
Biju K
ok bijay,
i am agree with your answere,but i do not want entry in cenvat on hold account diring j1iex.
as per your suggestion first cenvat account will be hit and then with tcode j218 balance will be transfer to current year.
can i skip the entry in cenvat on hold during j1iex.
is there any settings exist for this?
regards
sumit
Hi,
Did your FICO team and Business team aware of requirement!
Either you need to declare that material as Raw Material in J1ID, so that RG 23A will update after transaction posting.
OR do GR for material as Capital goods ,get 50% credit and then do J2I8 -avil 50% same year and update RG 23C Register.
If you are not happy with above, wait for answer from experts OR raise a ticket with SAP.
http://service.sap.com/
Regards,
Biju K
hi,
we are in telecom industryi.e.service provider.
from april 2012 some govermrnt rule has been changed for telecom industries.
according to new tax law.,we can take 100% credit of capital goods on same year.
yes i have already talk to management for this requirement.
i am waiting for expert answere?????????????
pls suggest??
regards
sumit
Hi,
from april 2012 some govermrnt rule has been changed for telecom industries.
according to new tax law.,we can take 100% credit of capital goods on same year.
yes i have already talk to management for this requirement.
As per my knowledge ,If there is any change in rule tax then SAP release Note or give suggestion
have you raised OSS for same?
raise and take suggestion
J2I8 is seems only option for same.
Kailas Ugale
Hi,
100% credit in the same year is applicable only for ADC(Additional duty of Customs).
If this is for imports refer the note 910681. If this is for domestic purchase of imported goods then refer the note 964190.
Regards,
Brinda
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