on 07-08-2009 5:09 PM
there are three CENVATs accounts
CENVAT clearing A/c
CENVAT reversal A/c
CENVAT suspense A/c
I know the use of CENVAT clearing account. Tell me the use of CENVAT reversal A/c & CENVAT suspense A/c.
In which scenario or situation CENVAT reversal A/c and CENVAT suspense A/c will be effected.
For ex: CENVAT clearing A/c is effected at the time of MIGO MIRO.
Same way tell me the use of CENVAT reversal A/c and CENVAT suspense A/c
Hi
CANVAT reverse acc has appeared after J1IS excise cancel .J1IS ll do after MIGO (for reversal use movement type-122).
this CANvat clearing acc can appearing after MIRO .this is suspense acc
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Hi
CENVAT Suspense account is used while you create excise invoice for the customers. Like Cenvat clearing account, Cenvat suspense account is used as an intermediary account between creation of Excise invoice through transaction code J1IIN and creating billing document through VF01.
Cenvat Reversal account is also an intermediary account used for accounting of the reversal of cenvat credits. This account will be used in transaction code J1IH.
Regards,
Lakshmanan Krishnan
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