F073 – Transfer of CENVAT on hold to CENVAT Credit – for Capital Goods
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RITES SAP FI End User Manual
F073 – Transfer of CENVAT on hold to CENVAT
Credit – for Capital Goods
Page 2 of 12 Training Manual SAP FI
20- Dec-2012
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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20- Dec-2012
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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.
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