Financials for India - EBS (MOSC)

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CENVAT and Service Tax Credit

edited Nov 18, 2013 11:27PM in Financials for India - EBS (MOSC) 9 commentsAnswered
 Hi,
We have implemented standalone financial modules. The client Business only attracts Service tax and TDS, however, for some supplier they are eligible to take cenvat credit.

Is it a good idea to use the same Service tax definition with Service type as "CENVAT" ( helps in identifying the CENVAT Credit) and create apply the on the transactions.

Any other ideas for recording the CENVAT credit in the standalone financial module ?

Regards,
Hari Charan

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