FI User-Manual

Financial Accounting User Manual

Accounting: Excise Periodic Processing

Prepared by: Amit Kumar

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FI User-Manual

Statement of Confidentiality This document contains information that is proprietary and confidential to Multi Color which shall not be disclosed outside Multi Color, transmitted, or duplicated, used in whole or in part for any purpose other than its intended purpose. Any use or disclosure in whole or in part of this information without prior written permission of Multi Color Group Limited is prohibited.

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Contents

Depositing the Amount in PLA on Hold Account..4 TR6 Challan Posting with PLA Register Updating...6 Extract the PLA Register10 Utilization of CENVAT..12 CENVAT Register17 ER1 Report.19

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Depositing the Amount in PLA on Hold Account

Procedure
1. Access the activity using one of the following navigation options: Accounting Financial Accounting General Ledger Posting Enter G/L Account Document FB50 / F-02

Menu Path Transaction Code

Field name Company Code Debit Credit Profit Center

Description PLA on Hold Account Bank Outgoing

User Action and Values 1000 20805400 10300120 1200

Comment

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Go to Document Menu select Simulate, following screen will appear:

You can check your entry before saving; if it is ok click on save. At the bottom of the screen, the system outputs the message: Document 3400000163 was posted in company code 1000. Make a note of the document number.

Result
The document is posted to the database, and the G/L account and Bank transaction figures are updated.

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TR6 Challan Posting with PLA Register Updating Procedure

1. Access the activity using one of the following navigation options: Country India User Menu Indirect Taxes Excise JV Create J1IH

Menu Path Transaction Code

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Click on the TR6 Challan node.

Field name Document Number

Description

User Action and Values 3400000161

Comment Document no. thru which amount deposited in PLA on Hold Account

Document Year Company Code Plant Excise Group

2008 1000 1200 U2

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Press Enter Distribute the amount lying in PLA on Hold Account to the relevant accounts.

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After Distribution of amount press save, at the bottom of the screen system will show the message as below:

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Extract the PLA Register Procedure

1. Access the activity using one of the following navigation options: Country India User Menu Indirect Taxes Registers Excise Tax Extract J2I5

Menu Path Transaction Code

Field name Excise Group Start Date

Description

User Action and Values U2 01.02.2009

Comment

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End Date PLA Select the PLA

07.02.2009

Choose Execute System will show the below massage.

Press yes, following screen will appear.

Press the right click

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Utilization of CENVAT
Procedure
1. Access the activity using one of the following navigation options: Country India User Menu Indirect Taxes Sales/Outbound movements Fortnightly Payment J2IUN

Menu Path Transaction Code

Field name Company Code Plant Excise Group Period

Description

User Action and Values 1000 1200 U2

Comment

Give the range of relevant period

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Business Area

1200

If payment of excise duty is required to be carried out from service tax credit, then select radio button Pay Cenvat from Ser Tax Cr. Enter the accounts for service tax credit and Ecess on service tax and SECess on Service Tax, Alternatively, for service tax payment if CENVAT credit is to be utilized, then select PaySer Tax from Cenvat CR. Enter the accounts for service tax Payable and ECS on service tax payable and SECess on Service tax payable.

On executing the transaction, the following screen appears;

The screen shows two tables, the first containing the details of the duty payable components and the second the accounts from which duty can be paid. Each duty payable component is to be selected one at a time and the accounts from where credit can be utilized are to be selected through entry in the utilized field in the second table. This table also displays the available balance which is updated at runtime.

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On opening of the screen, the first duty payable component is automatically selected. To switch over to any other component of duty for payment, select the component. Then choose select duty button in Duties tab. This selection will change the table appears under head Utilization. Check the account names from which the duty component can be paid off. Allocate the duty to be paid between the available accounts:

Once full amount to be paid is allocated between the available accounts the Duty indicator becomes green. Please note that unless for all duty components indicator is Green, the transaction cannot be posted. The save button will be active only when all indicators are turned to green.

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The simulate button will show General ledger determination before generating accounting document.

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Choose Save, system will show the below screen with message at the bottom of the screen.

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CENVAT Register
Procedure
1. Access the activity using one of the following navigation options: Country India User Menu Indirect Taxes Registers Excise Tax CENVAT Register J2I9

Menu Path Transaction Code

Field name Company Code Excise Group Posting Date

Description

User Action and Values 1000 U2

Comment

Give the start & End

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date of the month Print Document Print Annexure for Material Type Choose Annexure Choose Input or Capital Goods as required

Execute the Program, system will show the Performa for monthly return under rule 57 AE of the Central Excise Rule:

We can directly take the print out from the system or we can export the data to the excel file.

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ER1 Report
Procedure
1. Access the activity using one of the following navigation options: No Menu J2IER1

Menu Path Transaction Code

Field name Excise Group Plant Report Period

Description

User Action and Values U2 1200

Comment

Give the start & End date of the period

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Service G/L Accounts

Fill the service G/L Accounts for credit and Payable

1. From the Details, select Display headings and execute the program, following screen will appear:

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2. From the Details, select Details of manufacture, clearance and duty payable and execute the program, following screen will appear:

3. From the Details, select Details of duty paid on excisable goods and execute the program, following screen will appear:

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4. From the Details, select Details of cenvat credit availed and utilized and execute the program, following screen will appear:

5. From the Details, select Abstract of ACCOUNT-CURRENT cash payment and execute the program, following screen will appear:

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6. From the Details, select self - assessment memorandum and execute the program, following screen will appear:

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