1) what is cenvat suspense account during commercial invoice and excise invoice?
2) some say cenvat suspense account is balance sheet account and not p&l but some say during commerical invoice and excise invoice double entries, ED account where credit in commercial invoice and debit in excise invoice is p&l. hope can get clarification
3) may i know if all cenvat account be it cenvat clearing, cenvat account during purchase or cenvat account during sales, are all balance sheet account?
4) can have the steps during commercial invoice and excise invoice and fortnight utilization. this is to clear my doubt for point 2.