(IND) Post excise tax transactions from the customer payment journal [AX 2012]

Updated: November 15, 2012

Applies To: Microsoft Dynamics AX 2012 R3, Microsoft Dynamics AX 2012 R2

When you post sales transactions that include excise duty from the customer payment journal, the excise amounts that are calculated for the invoice line are credited to the payable accounts as defined in the Tax ledger posting group form for the ECC number.

Refer to the following table for more information about the ledger accounts that will be credited with the excise amount.

When you select this excise record type:

This ledger account type is credited:

None

Payable account

RG23D

RG23D CENVAT credit transfer account

RG23A

Payable account

RG23C

Payable account

The excise registers, RG23A (Part II), RG23C (Part II), and RG23D, are updated when you post the customer payment journal line.

NoteNote

This topic has not been fully updated for Microsoft Dynamics AX 2012 R2.

  1. Click Accounts receivable > Journals > Payments > Payment journal.

  2. Press CTRL+N to create a new journal and enter the required details.

  3. Click Lines to open the Journal voucher form and enter the required details.

  4. Enter the details of the invoice on the Overview tab.

  5. Click the General tab.

  6. Select the tax group for excise duty in the Sales tax group field and the item tax group for excise duty in the Item sales tax group field.

    NoteNote

    Excise taxes are calculated only if the sales tax group and the item sales tax group have common tax codes of the tax type Excise.

  7. Enter the amount that the excise duty is calculated on in the Assessable value field and the Max. retail price field.

  8. Click the Tax information tab.

  9. Under the Company information field group, you can view or change the name and current address of the company.

  10. Select the Excise Control Code (ECC) number of the company in the ECC number field.

  11. Post the payment journal line.


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