on 12-22-2014 7:51 AM
Dear Experts,
We have following entries at the time of MIRO of service PO in our system,
GR/IR A/C Dr 100
Cen Rec Service tax Dr. 12
Cen Rec Servcie Tax Css Dr. 00.36
To Vendor A/c 112.36
Now after new changes in excise cenvat rules, business can't take cenvat credit after six month. Means if invoice is of today's date i.e. 22/12/2014 then business can take credit of this invoice till 22/05/2015. Now business wants, if they post invoice after six month i.e. after 22/05/2014, cenvat credit should go to expense GL maintained in PO means will proceed as non cenvat PO. Entries should be like
GR/IR A/c Dr. 100
Exp A/C Dr 12.36
To Vendor A/c 112.36
How can I achieve this requirement. Need your guidance.
Regards,
Ankit K. Agarwal
Dear Experts,
Please guide.
Regards,
Ankit K. Agarwal
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