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ED+VAT Calaculation

Dear All,

we have doubt regarding the calculation of ED and VAT we have passed GRN with excise  invoice  calculation as below

Base value is 2000

BED 20 RS and AED RS 40

While doing MIRO system has calculated VAT payable - Clearing A/c 20 Dr

                                                                   VAT payable - Clearing A/c 0.40  

                                                                      VAT payable - Clearing A/c 0.20

please explain us how system is calculating

Thanks

replied

Hidyath pasha,

As provided screen capture of excise posting ,

Accounting entries should be in MIGO  with excise posting  

Excise duty AED A/c      Dr..  40

Excise duty BED A/c      Dr.    20

          To Cenvat Clearing A/c            60..

Due wrong GL assignment in logistic general - tax on goods mvt - xx-- Exise GL Assignment  - cenvat clearing tab  wrong gl Assigned

MIRO  will calculated on the basis of Tax code and procedure and GL assignment with respective Tax code in T code OB40

for ex:- 

GR/IR a/c Dr ....      1000

Vendor     Cr ..         940

Cenvat clearning      60

kindly revert back if further clarification

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