Answer / sachin

It is a Concept of taxation which helps in avoiding the
cascading effect of taxes. Eg. Whenever a manufacturer buys
goods and pays taxes he is given a credit of the taxes and
while selling the goods he is allowed to take the credit of
the taxes which he has paid, and he is asked to pay the net
difference only avoiding the cascading effect

Answer / jesu

Cenvat (Central Value Added Tax) has its origin in the
system of VAT (Value Added Tax), which is common in West
European Countries. Concept of VAT was developed to avoid
cascading effect of taxes. VAT was found to be a very good
and transparent tax collection system, which reduces tax
evasion, ensures better tax compliance and increases tax
revenue.

How data flows through mm into fi? : co-pa

0 Answers  

---

process of payment from customer?

1 Answers   IBM,

---

What is enterprises Structure in SAP FICO.

9 Answers   IBM,

---

How do you perform period closing in sap? : fi- general ledger master data

0 Answers  

---

How account payable in fi is related to g/l?

0 Answers  

---

How skf works. Kindly give me t codes also?

0 Answers  

---

What is the difference between 'company code' and 'company id' when in the fi global settings in the img?

0 Answers  

---

1.how can we convert VAT Return Filing in SAP? 2.How can we configure Form "C" report in SAP ?

0 Answers   HP, IBM, Wipro,

---

In "TOLERANCE GROUP FOR EMPLOYEES" What r we doing, 1) Is it that we r giving TOLERANCE Limit for Customers/Vendors. OR 2) Is it that we r giving Limit for the EMPLOYEES. What r we doing.

6 Answers   L&T,

---

What is gr/ir? What journal entries we should pass for this?

0 Answers  

---

Say (e.g) in Salary G/L A/c instead of giving P&L they select Balances sheet & it is saved & in this they passed some entry also. But now I have to Select P&L in the Salary G/L. (Note should not create new G/L. In the same Salary G/L I have to change) Tell me how you can change

3 Answers  

---

How are the IT jobs right now?

0 Answers  

---