Availment excise credit

GDA_17111988

Hi Experts,

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

udayrmer

Can you please elaborate your question ?

are you talking about availing credit while payment ?

GDA_17111988

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.

udayrmer

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

GDA_17111988

I tried with Tax Journal but still I cannot see the credit which was posted through tax journal

GDA_17111988

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/

vijay_g

You can select same account(Cenvat Credit receivable account' or any other account like opening bal.) to bal. account.

GDA_17111988

Thanks Vijay I will try that...

GDA_17111988

Hello experts in the light of above scenario can anybody tell me how to revere the excise credit which is wrongly availed.