CENVAT Utilization

[Former Member]

Hi

As commercial invoice is created excise amount goes to CENVAT Suspense Account. When excise invoice is created, amount goes to CENVAT payable Account.

But system is carrying immediate utilization. That's why excise amount does not go to the CENVAT Payable Account.

Settings are done for monthly utilization. And not for immediate utilization.

How to solve this problem???

Thanks in advance

Dhanashree

[Lakshmipathi]

Hi Dhanashree

Check in "Logistics-General --> Tax on Goods Movement --> India --> Business Transactions --> Utilization --> Utilization Determination" whether you have assigned "<b>CENVAT Payable Account</b>" for the respective "<b>Excise Group</b>".

If not, assign it and try again.

Thanks

G. Lakshmipathi