Excise Settlement
We are implementing India Localisation (ver R12). At present the registers are maintained manually and excise register/settlement is handled by client in below mentioned way.
1. All input credit is entered transaction wise in RG23 A or RG23 C as the case may be.
2. Issues / Sales are tracked separatly and not entered in any registers on transaction to transaction basis.
3. At the end of the month, the total liability is ascertained based on sales invoices/Sales registers. This liability is adjusted against the RG resgiters and PLA. Business decided how much amount to utilised from these registers. Once decision made a single entry is passed in RG register for utilisation (i.e. for Sales / AR side) and then from PLA if required. Typically business do not utilised full amount from RG registers.