JV in CIN
Can anybody explain me about JV passing in CIN -MM.Kindly explain me with example.
Pls explian me shortly and clearly for interview purposes..
Sujit Borse replied
Purpose of JV in CIN,
1) if i took credit say Rs. 100 ,lateron i found that there wrong calculation by the vendor in excise so he either increases or decreases the credit amount .
To Map this scenario we can use JV
2) Say by mistake while capturing manual excise user shuffeles the values of ECS in say AED account .
To make the proper entries in the register we can use JV
3)For monthly utilisation to raise the TRC6 challan Excise JV is used.