Skip to Content

Archived discussions are read-only. Learn more about SAP Q&A

cenvat account

hi,

please, anyone can explain.

may i know what is this cenvat account, cenvat clearing account and cenvat on hold?

can have example of these 3 accounts? what's the difference for these 3 cenvat account with PLA on hold or various PLA account like plaaed, plabed, plaecess, plased)?

point will be given. thanks

For Domestic Procurement of Raw Material

During GR

Material Stock Dr.

GR/IR clearing Cr.

During Excise Invoice Credit

Cenvat Account Dr.

Cenvat Clearing Cr.

During Invoice Verification

Cenvat Clearing Dr.

GR/IR Clearing Dr.

Vendor Payable Cr.

For Domestic proceurement of Capital Goods

During GR

Material Stock Dr.

GR/IR clearing Cr.

During Excise Invoice Credit

Cenvat Account Dr. (50%)

Cenvat On-hold Dr. (50%)

Cenvat Clearing Cr.

During Invoice Verification

Cenvat Clearing Dr.

GR/IR Clearing Dr.

Vendor Payable Cr

Former Member

Helpful Answer

by
Not what you were looking for? View more on this topic or Ask a question