Cenvat Credit On Addtional Duty Tax For Capital Goods To Be 100% In First Year
Last updated on MARCH 08, 2017
Applies to:Oracle Financials for India - Version 12.1.1 and later
Information in this document applies to any platform.
For CVD taxes 100 % CENVAT Credit accounting is not happening for CGIN item class.
However RG registers are getting updated with 100% credit.
-- Steps To Reproduce:
1.Create purchase order for the item which is classified as CGIN
2.Ensure CVD taxes is been attached to the same PO.
3 Do Purchase receipt and do online claim of cenvat credit.
4.check for the accounting.
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