on 11-21-2008 10:03 AM
HI,
what is the difference between modvat suspense account & modvat Clearing account
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Modvat suspense is used for posting sales-related tax and modvat clearing is used as a clearing account for purchase as well as sales related tax amounts.
hi,
modvat suspense account & modvat Clearing account
WHen we create BILLING & excise invoice -posting is done to modvat suspense account
when posting is done to modvat Clearing account
Pl suggest
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