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MR8M error Balance not Zero.

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Hi Gurus,

We have a Custom duty MIRO which we are trying to cancel but we are getting message balance not zero at the time of reversal.

Original MIRO

Custom Duty Rs 1000

Assessable value Rs 3000

Taxable value Rs4000

tax @28% Rs 1120

Total amount (custom Duty + Tax) Rs 2120

Now While reversing

Custom Duty Rs 1000

Assessable value instead of Rs 3000 system is taking Rs 4000 as this was the taxable value while original MIRO

Taxable value Rs5000

tax @28% Rs 1400

Total amount (custom Duty + Tax) Rs 2400

Hence we are getting error Balance not Zero: 280.00-, Debit 2400.00 Credit 2120.00

Kindly help on this.

Accepted Solutions (0)

Answers (2)

Answers (2)

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Hi Adharash,

Please refer to KBA 2348160 - Error M8534 occurs while MR8M.

Best regards,
Samson

ankurch
Active Contributor
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Hi Adharash,

Try to reverse on the same date in which you have posted original document!