Skip to Content
0
Jan 14, 2012 at 05:11 AM

Acquiring assets for Plant

37 Views

Hi

My client is building a huge manufacturing plant for itself. Contract is given to huge company for supplies and services. Now my client, being a manufacturing industry, is eligible to take cenvat credit on it. All supplies and services will be debited to one AuC Master (and its account assigned in PO).

Now these supplies are in ten thousands in numbers. So i want to know if i need to create material master for these ten thousands numbers. I am asking this since i need to take excise credit on it. I thought of creating one material master per chapter id. But in this solution my VAT register will go to toss since there will be only one material master in register.

Please suggest.