Sl No Modul Transaction ACCOUNT e 1 MM RM Purchase GRN / Challan RM Stock (MIGO) GR / IR Clearing

Profit & Loss Type Balance Sheet Type Account Account Dr (P/L) Cr (P/L) Dr (B/S) Cr (B/S) 100.00 RM stock (IF VATABLE) 100.00 Goods Received / Invoice Receivable Clearing 104.66 RM stock (IF NOT VATABLE) 104.66 Goods Received / Invoice Receivable Clearing Cenvat Input BED Cenvat Input Ecess Cenvat Input HSEcess 16.48 Cenvat Clearing Goods Received / Invoice Receivable Clearing Cenvat Clearing Cenvat Clearing Cenvat Clearing Input VAT 121.14 Vendor A/C RM consumption 100.00 Stock-RM 160.00 160.00 Stock FG COGM -FG 160.00 Stock FG COGS-FG 242.27 200.00 32.96 Customer A/c Sales Cenvat Suspense 9.31 Vat payable Cenvat Suspense 32.00 Cenvat payable BED 0.64 Cenvat payable Ecess 0.32 Cenvat payable HSEcess

RM Stock GR / IR Clearing

CIN Ex invoice-Incomming (J1IEX)

CENVAT BED Input CENVAT E-Cess Input CENVAT SE-Cess Input CENVAT Clearing

16.00 0.32 0.16

MM

Purchase Invoice (MIRO)

GR / IR Clearing CENVAT Clearing CENVAT Clearing CENVAT Clearing RM AP VAT Deductible VENDOR

100.00 16.00 0.32 0.16 4.66

PP

RM Issue for Production (CO11N) (against Production Order) FG Received after Production (CO11N)

RM Consumption RM Stock FG Stock COGM

100.00

PP

SD

Sales Delivery (VL01N)

FG Stock COGS CUSTOMER Sales Sales VAT Payable Ex Duty Exp CENVAT Payable E-Cess Payable. SE-Cess Payable.

160.00

SD

Sales Billing (VF01)

CIN Excise Invoice-Outgoing (J1IIN)

32.96

Sl No Modul e 9 FI Transaction ACCOUNT

Profit & Loss Type Balance Sheet Type Account Account Dr (P/L) Cr (P/L) Dr (B/S) Cr (B/S)

PLA (FB50)

PLA On Hold Bank PLA BED PLA E-Cess PLA SE-Cess PLA On Hold CENVAT Payable E-Cess Payable. SE-Cess Payable. CENVAT BED CENVAT E-Cess CENVAT SE-Cess PLA BED PLA E-Cess PLA SE-Cess VENDOR Bank Bank CUSTOMER VAT Payable RM AP VAT Deductible

25.00

PLA on hold 25.00 Bank A/c PLA Input BED PLA Input Ecess PLA Input HSEcess 25.00 PLA on Hold Cenvat payable BED Cenvat payable Ecess Cenvat payable HSEcess Cenvat Input BED Cenvat Input Ecess Cenvat Input HSEcess PLA Input BED PLA Input Ecess PLA Input HSEcess

10

CIN Update TR6 challan (J1IH)

22.00 2.00 1.00

11

CIN Period End Closing (J2IUN)

32.00 0.64 0.32 16.00 0.32 0.16 16.00 0.32 0.16 120.96

12

FI

Vendor Payment

Vendor A/c 120.96 Bank A/c Bank A/c 241.95 Customer A/c VAT payable 4.64 Input VAT

13

FI

Customer Payment

241.95

14

FI

Adjustment of VAT with RM AP deductible

4.64

15

FI

Payment of VAT (FB50)

VAT Payable Bank

4.65

(9.31 - 4.66) VAT payable 4.65 Bank A/c