Transfer of CENVAT Credit on Capital Goods (SAP Library

Transfer of CENVAT Credit on Capital Goods

Use

You use this report to display a list of the vendor excise invoices where the vendor has levied excise duty but you have not posted it (in full) to your CENVAT account.

This is particularly useful in the case of capital goods, in order to find out how much credit remains from previous years.

Features

To access the report, from the SAP Easy Access screen, choose Indirect Taxes → Procurement → Excise Invoice → Reports → Balance Credit for Capital Goods.

Selection

On the selection screen, enter:

Organizational data
Data of the documents that you want

Output

The system displays a list of excise invoices with excise duty outstanding. It shows you:

The total amounts of the various types of excise duties levied on the excise invoice
How much duty has still to be posted to the CENVAT account

Select the excise invoices that you want and choose Transfer credit. If you want to transfer only a portion of the remaining amount, enter this amount as the amount to be credited.

The system creates an accounting document to post the duty to the CENVAT account and creates an entry in the Part II register.