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CENVAT Utilization

Hi frends

i want know about CENVAT Utilization part

what are the steps for CENVAT utilization after regiter entry ,How will we transfer CENVAT credit ,

And Who will take care of these ulization MM or FI

thanks in Advance

replied

hi,

steps in CENVAT UTILIZATION.

its a monthly activity.

STEP1)GO TO J2IUN here select start of the month and end of the month days with excise group again select subtransaction type IP to use ADC.Also u can use service tax paid account for payment of duty.

and then execute.

here u can see the payable amount.and credit available.

STEP2) find the difference between the payable and credit amount.and pass the JV (FI JV)which will be

PLA ON HOLD Cr.

BANK Dr.

STEP3)Make the JV again (Excise JV) through J1IH using TRC6 challan as -

PLA ON HOLD Cr.

PLA BED Dr.

PLA ECS Dr.

PLA SECES Dr.

Now u can utilise the PLA for cenvat payment.

STEP4) GO TO J2IUN and just make the payment against the payable.

hope this will help u

regards,

sujit

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