Dear Experts,
First of all thanks for the earlier post due to which I resolved the last issue. Need little bit of clarification related to MIRO simulation related to the last post.
I am using V7 tax code Input ED NIL + VAT 5.25% credit in PO. Let say PO value is Rs1000
In MIGO simulation,
Entry is Inventory GL account dr 880
To Gr/IR account 880
Excise entry:
RG23 Part II account dr 120
To cenvat clearing account 120
however, in MIGO we are capturing the ED as lumpsum amount 120 , Till MIGO everything is fine, but in MIRO simulation this 120 amount is charged to material gl, earlier I was facing the issue that cenvat GL was not triggering now it is showing in MIRO but as per mu understanding it should not add to the material gl. In OBCN I have checked that the Non deductible check box is untick.
I am attaching the MIRO simulation for your referencce, Can you please put some light on this.
Regards:
Jamshed