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 Context Resolution:
- Help runtime, resolves the relationship to a specific logical document in accordance with the user context, so that a physical document suitable for the context, or the content of this document, is cenvat reversal definition.
- Manual Calibration Inspection:
- Help reference to calibration and adjustment. When a piece of measuring equipment is calibrated, the systematic deviation in measurements is determined based on predefined conditions of use, without cenvat reversal explain.
- Manual Cost Item (PE-LSO):
- Help for a course type, course, resource type, or resource that contribute to the overall cost of the course. Example The cost items of the resource Room include: Room rental Heating Electricity cenvat reversal what is.
- Manual Condition Table (CA-GTF-BS-MC):
- Help key fields are data combinations for which messages are triggered (and offered for processing). For each data combination, there is a condition record in the table. The data part contains the actual cenvat reversal meaning.
- Manual Certification Run:
- Help execution of a certification in the system, carried out via a certification report for a certification phase. A certification run is uniquely identified by an ID and a date. It can have various cenvat reversal abbreviation.
