P. 1
CIN.doc

CIN.doc

|Views: 0|Likes:
Published by biltex
CIN.doc
CIN.doc

More info:

Categories:Topics
Published by: biltex on Nov 06, 2013
Copyright:Attribution Non-commercial

Availability:

Read on Scribd mobile: iPhone, iPad and Android.
download as DOC, PDF, TXT or read online from Scribd
See more
See less

11/06/2013

pdf

text

original

A Country Version is designed specifically to cater the business operations of that country over and above the generic

SAP system functionalities. It comprises of functionalities designed for the laws and business practices pertaining to the country. The most country-specific functions for India relate to inancials and !ogistics. The main areas are as follows"
• • • •

#$cise duty and the central value-added ta$ system %C#&VAT' (ithholding ta$ %also )nown as ta$ deducted at source' Sales ta$ *aintenance and printing of statutory e$cise registers

(ith +espect to Indian operation business central and state ,ov. imposes different types of ta$ on organi-ation as well individuals A Country Version is designed specifically to cater the business operations of that country over and above the generic SAP system functionalities. It comprises of functionalities designed for the laws and business practices pertaining to the country. The most country-specific functions for India relate to inancials and !ogistics. The main areas are as follows"
• • • •

#$cise duty and the central value-added ta$ system %C#&VAT' (ithholding ta$ %also )nown as ta$ deducted at source' Sales ta$ *aintenance and printing of statutory e$cise registers

(ith +espect to Indian operation business central and state ,ov. imposes different types of ta$ on organi-ation as well individuals Basic Excise Duty:- This is charged under section . of the Central #$cises and Salt Act/ 0122 on all e$cisable goods other than Salt which are produced or manufactured in India at the rates set forth in the Schedule to the Central #$cise Tariff Act/ 0134. Additional Excise Duty: - Section . of the 5Additional 6uties of #$cise Act5 of 0147 permits the charge and collection of e$cise duty in respect of the goods as listed in the schedule of this act. This ta$ is shared

edc cess is a ta$ collected specifically for deployment in education and imposed by govt. there will be no sales tax on the soap.0  +.A%Part-I and Part-II'  +.. to promote higher education What is Difference bet een Excise Duty And Sales tax: Excise Duty: !his is the duty char"ed on all excisable "oods other than salt hich are produced or #anufactured in $ndia Sales !ax : Whene%er there is sales then sales tax applicable For example: If a Company manufactures soap within the factory for its own use. However. Edu Cess & H.between the central and state governments and charged instead of sales ta$.As per Section .C%Part-I and Part-II'  +.. Special Excise Duty: ..education and :.7 of the inance Act/ 0173 Special #$cise 6uty was attracted on all e$cisable goods on which there is a levy of 8asic #$cise 6uty under the Central #$cises 9 Salt Act/ 0122. the soap will be liable to pay excise duty as it has been manufactured.6  P!A%Personal !edger Account '  +T0.. &'()A: &a *aterial ... Excise &e"ister: #ach and every movement of a business transaction or movement are captured in the different type of e$cise registers and that has to be submitted in the e$cise department !ypes of Excise &e"isters:  +.edu Cess:.

+ %only <uantity' +..uantity and /alue0 The finished goods %manufactured' and sales or stoc) transfer are entered in the +. i.  #$ports..e. Create Invoice With Reference to Delivery . I is updated after creation of an e$cise invoice while dispatching the goods from the factory premises with reference a commercial invoice or a pro-forma invoice &'()D: Depot %this indicates both the =uantity and the amount' Is maintained by the e$cisable 6epot Business 1rocess End 2ser Wor3 Different Sales 1rocess  Sales rom actory. Part I and that of duty will go into Part II in the appropriate duty column.The entries pertaining to <uantity will go into +.CII-Part II entry" Credit entry of Capital goods %only value' &'-+ : . Create Sales Order .  Stoc) transfers. Create 6elivery with +eference to >rder 3. Steps For Factory Sales Introduction about Country Version India (Prerequisite) 1. 8asic #$cise/ S#6/ Additional duty/ etc &'()C: Capital 'oods +..  Sales rom 6epot.. I +egister +egister +.inished 'oods -.CI-Part I entry" #$cise stoc) entry at the time of .. ..

Code :. Create Sales Order T. RG1 Re ister !"date #. %rint Excise Re isters 1. Create Excise Invoice 5.[VA01] 2.Code: [V$01%] . Excise Re isters Extraction $. Create Delivery wit !e"ere#ce to Order T.4.

Code [VF01] . Create '#voice (it !e"ere#ce to Delivery T.&.

Code:.).1''%] .[. Create *+cise '#voice T.

.

.

1 !e/ister 0pdate T.-. !.Code [.1'-] .

.

Code:. *+cise !e/isters *+tractio# T.2'-] .[.1.

.

3ri#t *+cise !e/isters T.2.[.2'1] .Code:.

You're Reading a Free Preview

Download
scribd
/*********** DO NOT ALTER ANYTHING BELOW THIS LINE ! ************/ var s_code=s.t();if(s_code)document.write(s_code)//-->