Answer Posted / umesh rajput

<b>CENVAT</b>
Before I am going to explain what is cenvat, you have to under stand the Indian tax Central Excise Duty (BED).  It is called as basic excise duty.  Every manufacturer is liable to pay the excise duty in various kinds namely Basic Excise Duty, Special Excise Duty, Additional Excise Duty etc., 
 
Just think over a product which is reached to a end user, how many manufacturing activities are done.  So to reduce the tax burden of the end user, the Govt. of India introduce the MODVAT scheme which is now called CENVAT scheme.  
 
Based on this, if any manufacturer purchased a material, which is duty paid, and if it is used for his further manufacturing activity, he can avail this as credit in his book based on the Central Excise Invoice.  At the time of selling his manufactured goods, he is liable to pay the excise duty.  He can adjust the credit which he has taken into his book and pay the rest. 
 
For example:
CENVAT availed at the time purchased various goods     Rs.20,000    (EXcise duty alone)
CENVAT payable for his product at the time sales           Rs.25,000
He will pay only Rs.5000 through cash deposit in PLA.
This customizing are in SAP CIN Module.  If you are having the CIN CD, go through.  
 
<b>RG23D:</b>
 
It is register for depot transcations.
 

Tell me the meaning of long-term notes payable is or long term liabilities?

1195

---

In which ways is math used in accounting

1083

---

There is no item category assigned to account

2216

---

Mohan sold goods on 1st sep 2009 for the rs 200000/- to sohan immediatly accepted a 3 month bill.on the due date sohan request for the renewal of the bill for further peirod of two month .mohan agree to pay interest @9% per annum to be inculuded in the new bill . determine the amount of new bill?

3411

---

What are the AP accounting entries for EXPENSE ITEM VS Inventory Item in oracle ERP

3258

---

Can you name any other accounting application?

1163

---

Explain financial accounting.

1243

---

capital goods purchased from Singapore. payment made by bank in rupees. but the invoice value is in USD, How to make purchase entry in tally?

1617

---

we have a bill for billing software modification, i want to know that which head post this entry in tally & also tds applicable or not.

2174

---

Who is considered the father of accounting?

1270

---

in insolvency we have to prepare deficiency account but why we do not prepare this account as per general principle i.e Dr Cr To By etc , and deficiency account is which account?

5125

---

what is special purpose ledger in SAP.. is it required to configure in ECC 6.0 since New GL concept is active?

2102

---

How do I charge bank charges on payments to clients

2128

---

From the following particulars taken on 31 December, 1995, you are required to prepare a bank reconciliation statement to reconcile the bank balance shown in the Cash Book with that shown in the Pass Book: (i) Balance as per Pass Book on 31 December, 1995, O/D Rs 1,027. (ii) Four cheques drawn on 31 December but not cleared till January are as follows: Rs 12; Rs 1,021; Rs 98; and Rs 113. (iii) Interest on O/D not entered in Cash Book Rs 51. (iv) Three cheques received on 30 December and entered in the bank column of the Cash Book but not lodged in bank for collection till 3 January next: Rs 1,160; Rs 2,100; and Rs 2,080. (v) Cost of cheque book, Pass Book, etc; Rs 1.50 entered twice erroneously in Cash Book in November. (vi) A Bill Receivable for Rs 250 due on 29 December, 1995 was passed to the bank for collection on 28 December, 1990 and was entered in Cash Book forthwith whereas the proceeds were credited in the Pass Book only in January following. (vii) Chamber of Commerce subscription Rs 10 paid by bank on 1 December, 1990 had not been entered in the Cash Book. (viii) Bank charges of Rs 5 had been debited in the pass book twice erroneously. . . . plz be fast

2064

---

Define tally accounting

1019

---