Excise with Interest

Madhavi_Pandey
Madhavi_Pandey Member Posts: 124
edited 2010-07-12 in NAV/Navision Classic Client
Ques: I am posting an Excise entry through Bank Payment Voucher when i am passing this excise entry with interest an error messages has come "there is no tax journal line with in the filter".What is the solution of this problem can anyone suggest.
Entry is -

Excise Duty A/C..........Dr 5,000
Edu.Cess A/C ............Dr 100
SHEcess A/C..............Dr 50
Interest(Others) A/C....Dr 200
To Bank A/C 5,350
(Being............................)

How to pass this entry in Navision 2009 SP1 and plz show me the steps.

Thanks in advance.
Madhavi Pandey.

Comments

  • ssingla
    ssingla Member Posts: 2,973
    You need to use tax journal to post this transaction instead of General Journal (or vouchers)
    CA Sandeep Singla
    http://ssdynamics.co.in
  • Madhavi_Pandey
    Madhavi_Pandey Member Posts: 124
    ssingla wrote:
    You need to use tax journal to post this transaction instead of General Journal (or vouchers)


    When iam posting the entry through Tax Journal this massage has come "You must specify Balance Account Number in Tax Journal Line Journal Template Name="Tax Journal,Journal Batch Name=Journal Batch Name='Tax',Line No.='10,000'.

    I need 4 Debit and One credit with Bank Account if i fill the balance account field,my print voucher report will show 4debit=4credit,plz suggest me the solution of this problem from which Bank Account will update with total amount.
    Madhavi Pandey.
  • ssingla
    ssingla Member Posts: 2,973
    You cannot pass a expense entry along with this voucher. It will be deposited in PLA and then expense entry will be passed at the time of excise adjustment.

    As you must be having BED, Ecess and SHE Cess account as common therefore the entry will be PLA Debit and Bank Credit with no bifurcation of the indivisual component.
    CA Sandeep Singla
    http://ssdynamics.co.in
  • Madhavi_Pandey
    Madhavi_Pandey Member Posts: 124
    ssingla wrote:
    You cannot pass a expense entry along with this voucher. It will be deposited in PLA and then expense entry will be passed at the time of excise adjustment.

    As you must be having BED, Ecess and SHE Cess account as common therefore the entry will be PLA Debit and Bank Credit with no bifurcation of the indivisual component.


    Thanku for the valuable suggestion :)
    Madhavi Pandey.

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