The SAP System handles the following excise registers:
<b>Register RG 1</b>: The register records the record of excisable finished goods transferred from factory to a customer or a depot.
Registers RG1 needs to be updated daily. This needs to be done manually at the end of the day using Transaction code J1I5.
<b>Register RG 23A and 23C</b>, Parts I and II: A record of excisable goods issued and received in a manufacturing plant. The register consists of two parts:
Part I shows the quantities of the materials. This is updated at the time of goods receipt. However , if the user chooses not to make the entry at the time of goods receipt, this can be updated later, when an update of the register is run in the system.
Part II shows the amounts of excise duty on the materials, and how much you have transferred to the CENVAT accounts. This is automatically posted when you enter an incoming or outgoing excise invoice in the system. The system also automatically creates an accounting document to transfer the amount to the relevant CENVAT account. In the case of an outgoing excise invoice it debits the amount to a CENVAT suspense account and credits the amount to a excise duty account.
Part 1entries of the RG23A/C registers get updated automatically. The entries are checked every month and if the register is not getting updated we can update it manually by using transaction Code J1I5.
<b>Register RG 23D</b> :A record of receipts and issue of materials as kept by a depot. The system keeps track of the serial numbers of each good that it receives. The entries are made at the time of goods issue when a clerk receives the goods and at the time of sales when he places a sales order for a customer.
<b>Personal Ledger Account (PLA):</b> This is the bank account from which you transfer any money owing to the excise authorities.
<b>Register ER1 (RT12)-</b>This is a monthly report that summarizes the CENVAT and PLA information from the other registers.
The system allows you to update the registers and then extract the data and obtain a print out of the registers you want. Alternatively you can download the register in a flat file on your computer provided you have updated the registers in the system.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.