what is a cenvat? can u explain abt it?
Answers were Sorted based on User's Feedback
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
|Is This Answer Correct ?||33 Yes||10 No|
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
|Is This Answer Correct ?||21 Yes||8 No|
how to control transport cost with sale invoices :- I want to know how to map tranport cost with respective sale invoices. This help us to avoid duplicate transport payment. As in PO freight condition is maintained ,is there is anyway to link or map transport cost with sale invoices
What is park document and held document? (Differences)
what is a Functional Spec?What updates do SAP FICO consultant do in Functional Spec?
Hi, The error is coming while deactivate per company code,if i select the active box through the path-financial accounting new-general ledger accounting new-business transactions-document splitting-active document splitting,extend document splitting but is showing. define the commitment item as a document splitting characteristic and define the "KBELNR" field as a document splitting characteristic the data was not saved
How many Normal and Special periods will be there in fiscal year, why do u use special periods?
where do you open and close periods.
I took SAP training with lot of committments given by Training Institute and explained the opportunities in the market. I was a layman before i joined SAP, but now i'm one year old in SAP. I'm not getting the opportunity to work in SAP FICO as i'm a fresher, but i'm practising regular at home. Can any one suggest or guide me?
When issue material for subcontract order what general entry is generated what movement type have to configure and after receving the material when subcontract work is completed what journal entry generated and what movement type have to configure
Apart from vendor, customer where do we use Terms of payment.
Pls any budy can tell me about group/country chart of account all t.code.
When I am using T.code Me21n for purchase order creation, for example if I am entering a material price with Rs.100 with quantity of 10, and frieght of Rs.10, then my Input tax is calculated on Base amount (i.e Rs.100) But I wanted to change my customization that my Input tax % should be calculated on my Actual price instead of Base amount. Can any one help how to customize it?.
when keeping postings in fi, how it will reflect in mm? can anyone pls explain