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 Post subject: Availment excise credit
PostPosted: Thu Jul 26, 2012 7:57 am 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
Hi Experts,

Can anybody tell me how can I avail excise credit manually in Navision. :D


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 Post subject: Re: Availment excise credit
PostPosted: Thu Jul 26, 2012 1:33 pm 
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Joined: Sat Aug 08, 2009 5:28 am
Posts: 162
Location: gujarat
Country: India (in)
Can you please elaborate your question ?

are you talking about availing credit while payment ?

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Uday Mer | MS Dynamics NAV Techno-Functional Consultant


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 Post subject: Re: Availment excise credit
PostPosted: Mon Jul 30, 2012 11:08 am 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
There are two scenarios :

1) My client has got SHISS SCRIP which is obtained from the government due to its good export performance.
According to this SCRIP the credit can be availed but there is no payment to be done to the gonernment.

2) Secondly if the wrong credit is availed then the credit should be able to be reversed manually.


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 Post subject: Re: Availment excise credit
PostPosted: Tue Jul 31, 2012 8:05 am 
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Joined: Sat Aug 08, 2009 5:28 am
Posts: 162
Location: gujarat
Country: India (in)
From your scenario i would suggest you to Tax journal in General Ledger --> Periodic Activity --> Excise --> Tax Journal

For More info refer User manual for indian localization

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Uday Mer | MS Dynamics NAV Techno-Functional Consultant


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 Post subject: Re: Availment excise credit
PostPosted: Tue Jul 31, 2012 3:20 pm 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
I tried with Tax Journal but still I cannot see the credit which was posted through tax journal :(


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 Post subject: Re: Availment excise credit
PostPosted: Mon Sep 03, 2012 8:28 am 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
Hi

I found it. It happens through Tax Journal. We have to click on the 'Excise Charge' fill in the excise record and fill in the BED amount, Ecess amount, SHE cess amount.
The Account Type is G/L account should be 'Cenvat Credit receivable account'.

But I dont know what account I should take as Balancing account. Currently I took any random account. \:D/


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 Post subject: Re: Availment excise credit
PostPosted: Mon Sep 03, 2012 8:41 am 
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Joined: Mon May 18, 2009 5:36 am
Posts: 824
Location: India
Country: India (in)
You can select same account(Cenvat Credit receivable account' or any other account like opening bal.) to bal. account.

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Vijay Gupta
Changing the code is last step. Try to change processes first...


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 Post subject: Re: Availment excise credit
PostPosted: Tue Sep 04, 2012 7:04 am 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
Thanks Vijay I will try that...


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 Post subject: Re: Availment excise credit
PostPosted: Mon Sep 10, 2012 7:27 am 
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Joined: Fri Mar 30, 2012 7:42 am
Posts: 10
Country: India (in)
Hello experts in the light of above scenario can anybody tell me how to revere the excise credit which is wrongly availed.


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