GST India: Input Tax Credit Reversals and Re-credit

Pre-requisites to Run J1IGJV

1. Goto SM30. Enter View J_1IG_DOCTYP_CON and maintain Document types for JV
Document posting. Check sample below.

2. Goto SE11.
Enter J_1IG_JV_TYPED as domain.
Click Display.
Click on Goto-> Fixed Value Append.
Give Z Append name and Create your own Fixed Values.

Note: These fixed values should reflect the reason of credit reversals/re-credit.

Sample below:

Execute J1IGJV

3. Execute Transaction J1IGJV

4. Choose Reversal Type based on business scenario
a. TAX Reversal with reference, OR
b. TAX Reversal without reference.


5. For Tax Reversal with reference to an Invoice, Enter,
a. Company Code
b. Fiscal Year
c. Accounting Document number
d. Tax Reporting Date (on which you want to Report the Tax Credit


6. In the TAX Details Screen, Enter
a. G/L Account This G/L is clearing G/L account where you want to post the
TAX Differences.
b. Reason for Reversal.
c. Credit Reversal radio button To perform Credit Tax Reversal, OR
Re-credit button To perform Re-Credit of Tax Reversal.
d. Enter Tax amount to be Reversed/Re-credited in the Tax Details section


7. You can use Simulate button to simulate account postings

8. Use Execute button to post to accounts.

9. For credit reversal without reference, user needs to enter Company code and
Business Place in the selection screen

Sample below:

10. Enter
a. G/L Account Clearing G/L to post the Tax difference
b. Tax Code - Tax G/L will be automatically determined for this tax code and
Business Place.
c. User can Simulate the Postings or Post the Accounting document directly.