8/13/2019 SHIS , Excise Scrip cofiguration document in SAP MM

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White papers for SHIS 1

Ernst & Young LLPSHIS Scheme.

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White papers for SHIS 2

The Director general of foreign trade (DGFT) has notified the procedure, for claiming of duty credits under the Status

holder incentive scheme(SHIS). He has also issued a Policy circular clarifying listing of supporting manufacturers in

duty credit scrips

Calculation :

Profile in Purchase order :

Base Amount 1000 INR

Excise 120 INR

Edu cess 2.40 INR

SHE Cess 1.20 INR

CST 22.472 INR

Accounting entry

Account Payable 1022.472 INR

SHIS Scheme Income 123.60 INR

Inventory 1022.472 INR

RG23A 123.60 INR

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White papers for SHIS 3

Configuration:

OBYZ : Tax Procedure :

Tax processing accounting key:

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White papers for SHIS 4

Tax Code: FTXP: ZX SHIS Scheme

Assign Income G/L to the Transaction Key

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White papers for SHIS 5

Purchase Order tax Information:

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White papers for SHIS 6

Material Document: for the purchase order excise credit available

Part 2 Entry posted for the good receipt

MIRO Posting for Invoice

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White papers for SHIS 7

Accounting Entry for MIRO document :

RG23 PART2 Report :