Excise Duties are not coming Properly.
My PO Net Value: 101,656.77 INR, (including Excise duties amount).
MY Tax code: A/P NIL ED+VAT SOFF(5%). Tax amount: 5,082.84 Separate
At the time of MIGO, PO Net Value Splitted into Excise Base amount & Excise Duties.
Base Value: 88,887.88 INR
BED 12,396.98
ECS 247.93
SECess 123.96
this Combination Equal to Po net Value. MRP indicator also ticked on for correct Duties Capturing. GRN Posting done & also Part 1 entry done simultaneously.
But at the time of MIRO, Amount picking from PO net value as 101,656.77 inr. I changed that value to 88,887.88 & selected tax code same as PO Tax code.
After similation accounting Entries coming given below
| Vendor Account | 93,332.27- | |
| GR/IR Clearing Account | 88,887.90 | |
| Material Account | 0.02- | |
| Purchase - Domestic | 0.02- | |
| Purchase Offset A/C | 0.02 | |
| VAT Input Tax Credit | 4,444.39 |
After Part 2 Entry posting, if i want to Post the MIRO after Simulation , accounting entries coming given below
| Vendor Account | 94,342.61- | |
| GR/IR Clearing Account | 88,887.90 | |
| Material Account | 0.02- | |
| Purchase - Domestic | 0.02- | |
| Purchase Offset A/C | 0.02 | |
| Modvat Clearing Account | 247.93 | |
| Modvat Clearing Account | 123.96 | |
| VAT Input Tax Credit | 5,082.84 |