How to: Enter Opening Balances in Excise Registers
Opening balances are outstanding balances from the previous financial year. You can enter opening balances for the following excise tax registers:
Personal Ledger Account (PLA) registers using tax journals.
RG 23 A Part I registers, RG 23 C Part I registers, and Daily Stock Account (DSA) registers using item journals.
RG 23 A Part II registers and RG 23 C Part II registers using tax journals.
Central Value Added Tax (CENVAT) credit deferred registers using tax journals.
To enter opening balances in personal ledger accounts using tax journals
In the Search box, enter Tax Journal, and then choose the related link.
Fill in the fields as described in the following table.
Field Description Batch Name
The tax journal batch name.
Posting Date
The posting date for the tax journal.
Account No.
The account number for the journal line. In the Description field, the description of the account is automatically populated.
Bal. Account Type
Specify G/L Account to indicate that the selected balance account type is general ledger account type.
Bal. Account No.
The general ledger account number.
E.C.C. No.
The Excise Control Code (ECC) for the journal line.
PLA
Select to indicate that the PLA number has been entered in the General Ledger Setup window. For more information, see General Ledger Setup Window.
PLA BED Amount
The PLA Basic Excise Duty (BED) amount on the journal line.
PLA AED(GSI) Amount
The PLA Additional Excise Duty (Goods of Special Importance) (AED (GSI)) amount on the journal line.
PLA AED(TTA) Amount
The PLA Additional Excise Duty (Textile and Textile Articles (AED (TTA)) amount on the journal line.
PLA SED Amount
The PLA Special Excise Duty (SED) amount on the journal line.
PLA SAED Amount
The PLA Special Additional Excise Duty (SAED) amount on the journal line.
PLA CESS Amount
The PLA CESS amount on the journal line.
PLA NCCD Amount
The PLA National Calamity Contingent Duty (NCCD) amount on the journal line.
PLA eCess Amount
The PLA Educational Cess (eCess) amount on the journal line.
PLA ADET Amount
The PLA Additional Duty of Excise on Tea (ADET) amount on the journal line.
PLA ADE Amount
The PLA Additional Duty of Excise on Motor Spirit (ADE) amount on the journal line.
PLA SHE Cess Amount
The PLA Secondary and Higher Education Cess (SHECess) amount on the journal line.
Tip
If the column is not visible, open the shortcut menu for the column headings, and then choose Choose Columns to add it.
In the Actions tab, in the Posting group, choose Post.
Choose the OK button.
The following procedure describes how to enter opening balances in RG 23A Part I registers, but the same steps also apply for entering RG 23C Part I registers and DSA registers.
To enter opening balances in RG23 A Part I registers using item journals
In the Search box, enter Item Journals, and then choose the related link.
Fill in the required fields as described in the following table.
Field Description Batch Name
The item journal batch name.
Posting Date
The posting date for the item journal.
Entry Type
The type of transaction that is posted from the journal line.
Item No.
The item number on the journal line.
Location Code
The inventory location code where the item on the journal line is registered.
Quantity
The number of units.
Note
You must select the Excise Entry check box to enter opening balances in RG 23A Part I registers and RG 23C Part I registers.
On the Actions tab, in the Posting group, choose Post.
Choose the OK button.
The following procedure describes how to enter opening balances in RG 23 A Part II registers, but the same steps also apply for entering RG 23 C Part II registers and CENVAT credit deferred registers.
To enter opening balances in RG23 A Part II registers using tax journals
In the Search box, enter Tax Journal, and then choose the related link.
Fill in the required fields as described in the following table.
Field Description Batch Name
The tax journal batch name.
Posting Date
The posting date for the tax journal.
Account No.
The account number for the journal line. In the Description field, the description of the account is automatically populated.
Bal. Account Type
Specify G/L Account to indicate that the selected balance account type is general ledger account type.
Bal. Account No.
The general ledger account number.
E.C.C. No.
The ECC for the journal line.
Excise Charge
Select to apply an excise charge on the journal line.
BED Amount
The BED amount on the journal line.
AED(GSI) Amount
The AED (GSI) amount on the journal line.
AED(TTA) Amount
The AED (TTA) amount on the journal line.
SED Amount
The SED amount on the journal line.
SAED Amount
The SAED amount on the journal line.
CESS Amount
The cess amount on the journal line.
NCCD Amount
The NCCD amount on the journal line.
eCess Amount
The eCESS amount on the journal line.
ADET Amount
The ADET amount on the journal line.
ADE Amount
The ADE amount on the journal line.
ADC VAT Amount
The Additional Duty of Customs Value Added Tax (ADC VAT) amount on the journal line.
SHE Cess Amount
The SHECess amount on the journal line.
Note
You must select the RG23A or RG23C option in the Excise Record field to enter opening balances in RG 23A Part II registers and RG 23C Part II registers, respectively. You must select the Deferred check box to enter opening balances in CENVAT credit deferred registers.
On the Actions tab, in the Posting group, choose Post.
Choose the OK button.
See Also
Tasks
How to: Enter Opening Balances for Input VAT and Output VAT
How to: Enter Opening Balances for VAT Deferment
How to: Enter Opening Balances for Service Tax
How to: Print RG 23 A and RG 23 C Reports
How to: Print Personal Ledger Account Reports
How to: Update Daily Stock Account Balances
Concepts
Excise Tax Overview
Tax Journals