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Former Member
Feb 24, 2010 at 11:37 AM

Subcontracting Reversal of Cenvat

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Dear All,

For reversing the cenvat in subcontracting process, what i understand is as:

In J1ID,

1. Has to maintain the assessable value of the material.

2. Excise Tax Rate has to be maintained.

So while doing the J1IF13, system will propose the reversal amt based on the excise rate on assessable value.

please verify and make me correct if i am doing wrong.

Now my issue is i have to reverse the cenvat credit for challan. But the assessable value & Excise Tax Rate i have maintained after creating the challan. So in J1IF13 system is not proposing me the reversal amt.

But if i maintain the assessable value & Excise Tax Rate before creating the challan then every thing working fine.

Please suggest why not it is updating or suggest if i am wrong.

Does it required me to maintain assessable value before creating the challan?

EARLIEST RESPONSE IS EXPECTED

Regards..

Edited by: akshay sonurkar on Mar 5, 2010 12:21 PM

Edited by: akshay sonurkar on Mar 10, 2010 1:15 PM

Edited by: akshay sonurkar on Mar 10, 2010 1:17 PM