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CIN India Complete Guide

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CIN India Complete Guide
Stechies

Complete guide to CIN MM reference

1 THE COUNTRY INDIA VERSION (CIN)

CIN facilitates handling of tax implications during the Purchase and Sales cycles. This country version is designed for use by businesses with operations in India as well as the generic SAP System functions. It comprises functions designed for laws and business practices particular to India, and a country template to help customize the system according to local requirements. Most of the country-specific functions for India relate to Financials and Logistics.

The main areas are as follows: 

  • Excise duty and the central value-added tax system (CENVAT)
  • Withholding tax (also known as tax deducted at source)
  • Sales tax
  • Maintenance and printing of statutory excise registers

1.1 EXCISE REGISTRATION

Each entity is assigned its own excise registration number. Every factory that manufactures excisable goods is required to register separately.

1.2 EXCISE GROUP

This is a unit within an excise registration, in India, which keeps its own set of excise records. 

Whereas the excise registration reports to the excise authorities, the excise group is a purely internal organizational unit. Each excise group keeps records of all transactions that have to be reported to the excise authorities. When the time comes to present these records to the authorities, the excise registration compiles the information from all of its excise groups. 
Excise Group determines Excise Register number range 

All excise Reports (RT-12, PLA, RG23A Part I & II , RG23C Part I & II) will be generated based on this Excise Group.

1.3 SERIES GROUP

Series Group determines number range for outgoing excise invoice / challan (e.g. 57AC challan etc.)

COUNTRY INDIA VERSION (CIN) - MATERIAL MANAGEMENT

Contents

1.1 EXCISE REGISTRATION ..................................................................................................... 3 
1.2 EXCISE GROUP .................................................................................................................... 3 
1.3 SERIES GROUP .................................................................................................................... 3 
2 ESSENTIAL MASTER DATA FOR EXCISE .............................................................................. 4 
2.1 Chapter � Id ........................................................................................................................... 4 
2.2 Material Chapter ID combination ...................................................................................... 4 
2.3 Material Assessable value .................................................................................................. 5 
2.4 CENVAT Determination ....................................................................................................... 5 
2.5 Vendor Excise details .......................................................................................................... 5 
3 TAX CONDITION RECORDS ...................................................................................................... 6 
3.1 Cenvatable Excise Duties Conditions (%ge) .................................................................. 6 
3.2 Cenvatable Excise Duties Conditions (Qty) .................................................................... 6 
3.3 Non- Cenvatable Excise Duties Conditions(%ge) .......................................................... 7 
3.4 Non- Cenvatable Excise Duties Conditions(Qty) ........................................................... 7 
3.5 VAT Conditions .................................................................................................................... 7 
3.6 CST Conditions ................................................................................................................... 7 
3.7 Service Tax Conditions: Non-Inventoried ....................................................................... 8 
3.8 Service Tax Conditions: Inventoried ................................................................................ 8 
3.9 Tax Conditions to be Maintained ...................................................................................... 8 
4.1 Create the Purchase Order ................................................................................................. 9 
4.2.1 Option I: Capture Excise Invoice @ Goods Receipt ............................................... 9 
4.2.2 Option II: Capture Excise Invoice separately ........................................................ 10 
4.3 To check the status of all the excise invoices captured ............................................ 11 
4.4 Post Excise Invoice ........................................................................................................... 11 
5 Procedure for Claiming CENVAT for Capital Goods .......................................................... 13 
6 Procedure for Claiming Duties for Imported Goods .......................................................... 14 
9 Procedure for Inventorizing Custom Duties Purchased for a Depot .............................. 18 
10.1 Return Delivery (MvT : 122) ............................................................................................ 19 
10.2 Cancellation of Material Documents ............................................................................ 20 
10.3 Purchase Order Returns ................................................................................................. 22 
10.4 CENVAT Adjustment Postings (J1IH � Excise JV) .................................................... 22 
10.4.1 Making Adjustment Postings for Scrap ................................................................ 22 
10.4.2 Making Adjustment Postings for Materials Not Used in Production .............. 22 
10.4.3 Making Adjustment Postings for Additional Excise Paid to Vendors ............ 23 
10.4.4 Making Adjustment Postings for Money Transferred to PLA ........................... 24 
10.4.5 Canceling Excise Invoices ...................................................................................... 24 
10.4.6 Making Adjustment Postings for Other Transactions ....................................... 25 
11 Subcontract Challan ............................................................................................................... 27 
11.3 Subcontract Process: Return Delivery To Vendor .................................................... 30 
11.4 Subcontract Process: Cancellation of Goods Receipt ............................................. 31 
11.5 Subcontracting over consumption or under consumption ..................................... 32 
11.6 Challan completed 180 days reverse and recredit the challan ............................... 33 
12 Frequently Asked Question .................................................................................................. 33 

 


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