on 2022 Aug 19 2:25 PM
Please check the below import procurement scenario(MM), while reversing the custom MIRO through MR8M, getting PRD account hit for Import IGST in accounting entries against actual Custom MIRO invoice.
1. Import PO is created for 760 quantity with a unit price of INR-1110 for a material with multiple line items
2.First they posted Custom MIRO for 560 quantity on 02/02/2022 and did GR and IR for 560 quantity on the same date.
3.Again posted MIRO for unplanned delivery costs on 17/03/2022.
4.Now they posted Custom MIRO for the rest 200 quantity on 29/04/2022.
5.They reversed the same Custom MIRO document for 200 quantity before Goods receipt.
Below are the accounting entries:(200 quantity)
Custom Clearing 200 FR4 22204
Customs Clearing 200 FR3 2220
Import IGST 200 JIM 44363
5. Now when they reversed the same Custom MIRO for 200 quantity through MR8M
Getting below PRD account against import IGST
Custom Clearing 200 FR4 22204
Customs Clearing 200 FR3 2220
Import IGST 200 JIM 44477.89
Other txn losses 200 PRD 114.89
For the above issue, client wants to know when the Custom MIRO for import IGST of 200 quantity posted for INR - 44363
and when the same document reversed, it should reverse with INR - 44363 in accounting entries.
But PRD amount debited with 114.89 and Import IGST(JIM) credited with 44477.89
getting additional PRD account hit in accounting entries.
Values in the Accounting Document are not exact opposite postings of original invoice posting.
Please help for a solution of this query.
Regards
Chaitali Sabale
Request clarification before answering.
You must be a registered user to add a comment. If you've already registered, sign in. Otherwise, register and sign in.