on 05-06-2010 7:59 AM
Hi Expert,
I have facing error message "On hold account is missing" at the time of adding A/P and A/R invoice whereas user selecting CENVAT tax code.it gives error message only at the time of selecting CENVAT tax code, i check all i.e posting period,doc series,COA no any account on hold.can u please suggest me proper solution.
Sudhir
Edited by: sudhir pawar on May 6, 2010 9:01 AM
Hi sudhir according to me this error arises when u enter purchasing document for item which are maintained as capital goods, there is a requirement in india that 50% of excise duty of capital goods can be utilized in next fiscal year so the 50% of total excise duty is posted in a different account known as capital goods on hold account. if u have any more query then revert back.
regards
rashid
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Hi sudhir, the item is capital good for which you are entering A/p Invoice if Yes than you have to specify a capital goods onhold account in g/l account determination.
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hi sudhir
u need to go to admin-setup-financial-tax-tax code setup and open the cenvat account code setup there u would find sale tax and purchase tax account click on the arrow that would lead u to COA with respective account selected click on account details and check if there are any check marks against active or on hold account if yes then remove it
Regards,
Manish
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Check in Tax code setup For that perticuler tax code"purchase tax/sales tax account are mention properly or not".Check there Effective date too.All tax code account are available in COA or not.
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