term reversal cenvat help what is
Meaning of CENVAT reversal. What is it: you have already posted to the duty account is transferred.

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Definition CENVAT reversal

CENVAT REVERSAL title: CENVAT reversal (LO) (SAP Library - Glossary)
CENVAT REVERSAL category: Logistics - General (LO)
CENVAT REVERSAL explained:

In India, an accounting posting whereby excise duty that you have already posted to the duty account is transferred to an expense account instead as a result of your not being able to comply with the conditions attached to the CENVAT scheme.

Example

You have purchased some cogs for INR 10,000 and debited the excise duty at INR 1,600 to the excise duty account. For some reason, you are unable to claim back INR 600 of the excise duty. You then have to credit the INR 600 to the excise duty account and debit the CENVAT reversal account. This account shows any excise expense.

More terms such as CENVAT reversal in Dictionary C.

Manual Collections Commission:
Help Commission paid to an agent for taking care of collections and forwarding such amounts to the insurance company cenvat reversal definition.
Manual Check-Out Lock:
Help document when the document is checked out. This means that other users are able to make changes to the document only once it has been checked in again, or if a check-out cancel has been performed cenvat reversal explain.
Manual Can Be Occupied By:
Help can be occupied by patients that are not assigned to the department that is above the unit in the organizational hierarchy. This is an organizational deviation from the strict hierarchical cenvat reversal what is.
Manual Counter Reading (PM):
Help The reading reached by a counter at a point in time. Counter readings represent the transaction data for counters and are the basis of counter-based maintenance cenvat reversal meaning.
Manual Calculation Module:
Help A sequence of valuation functions. You define costing modules within a costing environment cenvat reversal abbreviation.
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