what is cenvat suspence

[Former Member]

what is the diffrence b/w CENVAT Suspense A/c & CENVAT payable A/c .

what is diff b/w VAT payable & VAT receivable?

waht is diff rg23a & pla ?

[Former Member]

Hi,

PLA ia a bank account maintained by the customer whatever the difference amount( after ualization (output tax-input tax)) u have to pay to the bank through TR6c challana it is nothing but PLA(permanent ledger account)

Making Adjustment Postings for Money Transferred to PLA

Use

You follow this procedure to make an adjustment posting when you transfer money to your personal ledger account (PLA).

Prerequisites

You have already transferred the money to your PLA at the bank, using a TR6 challan, and have posted the corresponding accounting document.

Procedure

From the SAP Easy Access screen, choose Indirect Taxes ® Excise JV ® Create ® TR6 challan.

Enter data as required, including the document number.

You can enter either the challan number or the number of the accounting document.

Choose .

If you entered the accounting document number, the system displays the information from it.

Enter the amounts against the accounts that you require.

Save the adjustment posting.

RG 23 A Register

Register RG 23A/23C

Definition

A record of receipts and issues of excisable materials, as kept by manufacturing plants. The register consists of two parts:

· Part I shows the quantities of the materials.

· Part II shows the amounts of excise duty on the materials, and how much you have transferred to the CENVAT accounts.

Previously, manufacturers were required to keep two separate registers, RG 23A and RG 23C for raw materials and capital goods respectively. This is no longer the case, but the distinction still remains in the system.

Use

The system generates all the necessary entries in the register. You can prepare a copy of the register as required.

Regards,

Murthy

[Former Member]

can u plz explain with this example

Purchase Order (P.O) (We give Vendor No, Rate, Material, Tax Code)

**Basic Amount 100.00**

**Excise Duty @ 16% 16.00**

*** 116.00***

**VAT@ 4% 5.00**

**(On Basic + Excise) 121.00**

Sale Order: (SO): (We give Customer No, Qty, Rate, Material, Tax Code (Manually/Automatically)

Basic Amount 300.00

Excise Duty @ 16% 48.00

* 348.00*

VAT@ 4% 1300

(On Basic + Excise) 361.00

what will happenning in rg23a,rg23c, rg23d & pla ?

explain the utilization also

[alpesh_saparia3]

Hi,

In CENVAT Suspense account at the time of excise invoice creation Debit entry is posted and against this entry goes to CENVAT payable (BEDECSSec.ECS).