RITES SAP FI End User Manual

F073 – Transfer of CENVAT on hold to CENVAT

Credit – for Capital Goods

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Contents

F073 – Transfer of CENVAT on hold to CENVAT Credit – for Capital Goods ................................... 1

1 Process overview. ....................................................................................................................... 4

1.1 Process Flowchart ............................................................................................................... 5

1.2 Screen shots........................................................................................................................ 6

1.2.1 Generate General Ledger report of CENVAT on hold a/c. ................................................ 6

1.2.2 Transfer to CENVAT Credit account. .............................................................................. 8

1.2.3 Print Journal Voucher. ................................................................................................ 10

1.3 Process steps. ................................................................................................................... 11

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1 Process overview.

In case of Capital Asset procurement, CENVAT that is on hold is transferred to the CENVAT credit account.

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1.1 Process Flowchart

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1.2 Screen shots.

Process step 01

1.2.1 Generate General Ledger report of CENVAT on hold a/c.

Role: Finance Executive - Taxation.

Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen:

Via Menus Type J1ILN in command field > Indirect Taxes > Procurement > Excise Invoice > Reports > J2I8 - Balance credit for capital goods

Via Transaction Code J2I8

Enter T code J2I8 in command field and press enter key.

Enter company code, Plant

and excise group.

Enter date range.

Select output display option.

Click on execute.

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System will display the output with BED available.

Click on select all button to

select all line items.

For transferring credit for

selected items, activate the

check box.

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Process step 02

1.2.2 Transfer to CENVAT Credit account.

Role: Finance Executive - Taxation.

Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen:

Via Menus Type J1ILN in command field > Indirect Taxes > Procurement > Excise Invoice > Reports > J2I8 - Balance credit for capital goods

Via Transaction Code J2I8

System will automatically transfer the amount to next year.

Select transfer credit button.

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Journal entries.

Transferred line item will indicate with

green colour.

Double click on line item to see the journal

entries.

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Process step 03

1.2.3 Print Journal Voucher.

Role: Finance Executive - Taxation.

Menu Path and Transaction Code: Use the following menu path to go to the Organizational Unit screen:

Via Menus Customized T code.

Via Transaction Code ZFIR001

Enter T code ZFIR001 in command field and press enter key.

Enter document number, company code, fiscal year.

Select execute button.

Activate print preview radio

button.

Enter output device LP01

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System will display the print preview.

Select text from menu and Print from sub menu.

1.3 Process steps.

Step

No.

BBP Process Step Instruction Reference

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01 Generate General Ledger report of

CENVAT on hold a/c.

1. Give input compnay code : 1000 2. Give Plant as 1000

3. Give excise group 21 4. Posting date : (As i t is year end activity in live environment we should give the whole period for eg. 01.04.2012 to 31.03.2013 ) 5. Select display options radio button. ( a ) Li s t based on

Vendor name will diplay the line i tems based on vendor transactions. ( b ) Li s t based on part 2 serial number will display the Part 2 serial number generated through excise invoice with Total BED, E Cess and S

ECess available for taking credit.

02 Transfer to CENVAT Credit account

CENVAT on hold that can be availed i s transfer to the credit account.(50% of CENVAT credit i s availed is availed in the year of procurement & balance 50% in the next year)

03 Print Journal Voucher

For viewing the accounting documents generated click on the part 2 serial number and we can see the document generated. ( OR) We can take the print out of the same screen after the transfer of credit.