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Value difference for GR/IR Clearing Account in case of MIGO and MIRO.

Former Member
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Hello Experts,

One of our client has asked me about clarification regarding GR/IR Clearing Account shows different values when MIGO and MIRO posting. Scenario is that,

SEZ
Calculation of import Duty%Input goods
Material Base Value        2,171,385
Landing Cost              21,714 For computing Customs landing charges need to be added
BED @10%           219,310 Loaded in material cost
CVD, @12%           289,489 Credit taken
Customs Education Cess3%             15,264 Loaded in material cost
ADDL Duty4%           108,686 Credit taken
Customs Duty            632,749
CVD12%           219,310
All duty4%           108,686
Cenvat            327,996
CST        43,427.70
2214812.7
Hence Material cost in GR/IR should be Rs. 22,14,813Diff (2219092-2214813= 4279)
Whereas it is taking Rs. 22,19,092

My concern is that GR/IR Clearing Account consider only Material cost and non deductible tax amount i.e. CST which is loaded on material cost but system consider some different values, please check the above calculation. When user post MIRO in that case system automatically konck off GR/IR Clearing Account and post difference amount i.e. RS. 4279 to Inventory Account which is wrong. I dont know how system behaves in such manner.

Please giude me on this issue as soon as possible.

Regards,

Vishal Jadhav

Accepted Solutions (0)

Answers (2)

Answers (2)

Former Member
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Hi,

Logic is quite clear. GR account will contain all the decuctible and inventorized values. IF there is any difference in GR and IR values e.g per unit values, delivery costs etc, system witll adjust the values and post it accordingly.

Former Member
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Hello Nilesh,

Yes you are absoutely correct but my query is different again go through my thread which earlier i had posted. If in case of any suggestion plz give us at earliest.

Regards,

Vishal

eduardo_hinojosa
Active Contributor
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Hi

See Note 308008 - FAQ: Posting logic: GR/IR clearing account and related notes, and show it to your customer

Regards

Eduardo

Former Member
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This message was moderated.

Former Member
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Hello Experts,

Give me solution on above issue.

Regards,

Vishal Jadhav

jpfriends079
Active Contributor
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Discussion moved. Please use Internationalization and Unicode for CIN related queries.