CIN-Making Adjustment Postings for Scrap

Making Adjustment Postings for Scrap

Use

You follow this procedure if you have scrapped a material and want to reverse the excise duty debited to your CENVAT account.

Procedure

1. From the SAP Easy Access screen, choose Indirect Taxes ® Excise JV ® Create ® Matl write-off.
2. Enter data as required, including:

o Document number

Enter the number of the document that you used to scrap the material.

o CENVAT account selection group box

Specify which account is affected by the adjustment posting is for. If the posting does not have to be remitted immediately, select Fortnightly payment.

3. Choose .

The system displays the information from the material document.

4. Adjust the posting date as necessary.
5. Adjust the excise duty for each line item either:

o Manually
o By assigning the line item to an excise invoice

6. Specify which G/L accounts are to be posted to.

Save the adjustment posting.