How to load the excise on inventory

[Former Member]

Hi,

There is no excise registration to our plant. But we are paying the excise to our vendors.

It means, I need to load the excise on Inventory because of there will be no deductions for

excises...

Regards.

Satya

9000158040

[Lakshmipathi]

Check this thread where the same topic was discussed

G. Lakshmipathi

[Former Member]

Hi Satya,

You can use inventory excise conditions like JMIP, JMX2 etc.. This will load the excise values to

inventory.

Regards,

Rajasree R

[former_member1147135]

Hi,

First, Check your tax procedure

See whether any AP Set-off conditions available in that procedure.

If yes, By using those condition you can create new tax code and use the same in Purchase order.

After that at the time of GRN, System include all the taxes in the inventory value.

Mahesh A L

[former_member182489]

Ref Lakshmipathi's link.

The logic is we can make excise deductible and Non deductible with the help of Posting key .

If you tick it Non deductible so that excise values will be transistorized.

hope it helps

regards

manu

[former_member192897]

If you use JMIP, excise values will get loaded on Inventory. Similarly for ECS & SEcess you can use JEC2, JSEI condition type respectively.

Apart from the above condition types, you need to maintain % condition type JMX2, JEX2, JHX2 in FV11 transaction.