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.

List the Basic 24 Steps for FI configuration.

9 Answers   Deloitte, SAP Labs, Satyam, Tech Mahindra,

---

Where we define new in ifrs and gaap

2 Answers   iGate,

---

what account group and what does it control.

3 Answers  

---

what is sub contract ?

0 Answers  

---

can any one give the configuration path of electronic bank statement. Plz, it's urgent.

2 Answers  

---

How do you perform currency swaps in Funds management. Explain the whole process with configuration in detail?

0 Answers  

---

Hi Can any one Tell me in Detail from Starting Like i have finished the FI Part,now Soon after this How am i going to start the CO Part from where to where & how to link(Just give T.Codes i will understand) and when to Finish. Thanks in Advance.

0 Answers  

---

Why do you need country chart of accounts?

0 Answers  

---

What is CO-PA

4 Answers  

---

Change of General Ledger Cost Assignment :- We have two major company codes and plus a minor one. In order to assign intra and inter company costs correctly SAP was set up to assign cost at goods issue to the general ledger account 100000 according to plant. Now we combined two company code into one. Every end of month we must re-class costs out of the plant cost center into the cost center associated with the sales office. It is possible that we directly assign cost to cost center of cost office, how can it be possible? Please tell me how we can make this process easier. Thanks in advance, Manoj

0 Answers  

---

Is there any additional configuration required for account-based profitability analysis as compared to costing based profitability analysis?

0 Answers  

---

How do we create alert messages?

1 Answers  

---