EAP: Voucher Posting Generates a CENVAT Accounting Entry for a Voucher that has Multiple Invoice Lines, with VAT(IND) Applicable on One Line and Another Line has Recoverable Service Tax Applicable
Last updated on MARCH 05, 2018
Applies to:PeopleSoft Enterprise FIN Payables - Version 9.2 to 9.2 [Release 9]
Information in this document applies to any platform.
Voucher Posting generates a CENVAT accounting entry for a Voucher that has multiple lines, with VAT(IND) applicable on one line and another line has Recoverable Service Tax applicable.
1. Create a Voucher with two invoice lines
2. One line has VAT(IND) applicable where VAT is 100% non-recoverable and second line has service tax applicable which is 100% recoverable
3. Post the voucher
CENVAT Accounting line is generated apart from Suspense Service Tax entry
CENVAT line should not be generated
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