Excise Reversal

Business Central/NAV User Forum
1

Dear All,

Kindly Suggest for the below Scenario:-

I have posted a Transfer Order with Structure as “Excise”. The Shipment and Receipt against that Transfer Order has been done.

Kindly suggest how i can reverse the Excise along with transfer order Reversal.

During Shipment Accounting Entry passed is:-

Transfer To Location Account DR.

Sales Interoffice A/C CR.

Excise A/C CR.

On Receipt Accounting Entry Passed is:-

CENVAT PART-II DR.

Purchase Interoffice A/C DR.

Transfer From Location A/C CR.

KIndly suggest how above problem will be resolved

Thanx in Advance

Regards

Preeti

2

Hi Preeti,

Did you ever find a solution to this problem? If yes, would you mind sharing it with us?

3

Hello Amol,

There is no way in Navision to reverse the Transfer Order with Excise.

The Solution that i got is either to reverse the Transfer Order with Excise by Booking Transfer Order

or to pass a Journal Voucher to reverse the Accounting Voucher and Tax Journal for Excise Account Reversal.