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maintain/update in RG1 register

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Former Member

‎02-27-2014 6:20 AM

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Dear  Guru,

If  the finished good return from customer to business then,how to maintain/update in RG1 register.

Regards,

Kumar

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Former Member

‎02-27-2014 11:29 AM

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Hi Kumar,

The RG1  Register is the daily stock account register of finished goods and if the finished goods return from customer to business then that finished good is considered as input material and RG23A or RG23 C register will get update.

As i case of return from customer we have to do PGR(post goods receipt) with movement type 655 and J1IH manual excise adjustment.

Regards

Gaurav M

2 REPLIES 2

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Former Member

‎02-27-2014 11:29 AM

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Hi Kumar,

The RG1  Register is the daily stock account register of finished goods and if the finished goods return from customer to business then that finished good is considered as input material and RG23A or RG23 C register will get update.

As i case of return from customer we have to do PGR(post goods receipt) with movement type 655 and J1IH manual excise adjustment.

Regards

Gaurav M

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Former Member
In response to Former Member

‎02-27-2014 11:52 AM

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Normally we need to take cenvat credit of return material for that purpose industries normally change the j1id settings(material and chapter ID combination to input material from finish), after cenvat availment, j1i5 updation required after the same(with classification ROP). befor j1i5 updation we need to reset the material chapter ID combination to Finished goods.

Regards

Maruthi S