Cin Account Entries
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8/11/2019 Cin Account Entries
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Hi,
1. I am procuring the raw material (1000), which is excisable .
Firstr of all maintain J1ID - Excise Master Data for material, vendor, excise tax rates, etc...
Declare Material 1000 as Raw Material and 2000 as RG1 in J1ID.
Transactions: -
1. ME21N - Create Purchase Order with appropriate Tax Code for raw Material 1000
2. MIGO - Goods Receipt > Purchase Order of RM 1000 (Here Part 1 OR Capture OR Capture & Post Excise
Invoice, as per requirement)
Accounting Entry:-
(BSX) Stock A/c - Dr - 1000
(WRX) GR/IR Clearing A/c - Cr - 1000
3. J1IEX - Post Excise Invoice (if only captured during MIGO)
Accounting Entry:- From Excise A/c detmn of ETT "GRPO"
CENVAT Receivable A/c (BED) - Dr - 140
CENVAT Receivable A/c (ECS) - Dr - 28
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CENVAT Receivable A/c (SECess) - Dr - 14
CENVAT Clearing A/c - Cr - 182
4. MIRO - LIV for PO
Accounting Entry:-
Vendor A/c - Cr - 1182
GR/IR Clearing A/c - Dr - 1000
CENVAT Clearing A/c - Dr - 182
Reports: -
For Excise Invoice;
1. J1I7 - Query Excise invoices (Heresee report for ETT - GRPO)
2. J2I9 - New Monthly Returns Report Rule 57AE
For Excise Registers;
1. J1I5 - Register creation for RG23 (Here Use classification key - ROP and update entry for Raw Material 1000)
2. J2I5 - Extract RG23A Part 1 and 2
3. J2I6 - Print Utility of Excise Registers RG23A Part 1 and 2
2. Using same material , i m going to do produce finsihed product (2000).
After Goods Receipt of FG from Production, follow the below Process;
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For Excise Registers;
1. J1I5 - Register creation for RG23A Part 1 and RG1 (Here Use classification key - RMA and update entry for
FG 2000 / Use classification key - IIM and update entry for RM
1000)
2. J2I5 - Extract RG1 Register and RG23A Part 1
3. J2I6 - Print Utility of RG1 Register and RG23A Part 1
3. Finally I am selling the material (Also excisable material).
Transactions: -
1. VA01 - Sales Order for FG 2000 of Value 1200
2. VL01N - Delivery and PGI of FG 2000
Accounting Entry:-
(BSX) Stock A/c - Cr - 1100 (Stock Value - MAP or Std. Price)
(VAX) COGS A/c - Dr - 1100
3. VF01 - Billing Document for FG 2000
Accounting Entry:- From Sales A/c detmn (VKOA)
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Customer A/c - Dr - 1330
Sales Revenue A/c - Cr - 1200
Excise Receovered (BED) - Cr - 100
Excise Receovered (ECS) - Cr - 20
Excise Receovered (SECess) - Cr - 10
4. J1IIN - Outgoing Excise Invoice for FG 2000
Accounting Entry:- From Excise A/c detmn of ETT "DLFC"
Excise Duty Paid - Dr - 130
CENVAT Payabale (BED) - Cr - 100
CENVAT Payable (ECS) - Cr - 20
CENVAT Payable (SECess) - Cr - 10
Reports: -
For Excise Invoice;
1. J1I7 - Query Excise invoices (Here use ETT - DLFC to see outgoing excise invoice)
2. J2I9 - New Monthly Returns Report Rule 57AE
For Excise Registers;
1. J1I5 - Register creation for RG1 (Here Use classification key - IDH and update entry for Raw Material 1000)
2. J2I5 - Extract RG23A Part 2 and RG1
3. J2I6 - Print Utility of Excise registers RG23A Part 2 and RG1
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And J2IUN - For Monthend Utilizationfor Sales Excise Invoices
CENVAT Payabale (BED) - Dr - 100
CENVAT Payable (ECS) - Dr - 20
CENVAT Payable (SECess) - Dr - 10
CENVAT Receivable A/c (BED) - Cr - 100
CENVAT Receivable A/c (ECS) - Cr - 20
CENVAT Receivable A/c (SECess) - Cr - 10