Issue in Modvat on Receipt - India
Hi
We are unable to take Cenvat Credit of MRN, Details as Below :
- After creation of MRN, we mentioned Excise Invoice No., Excise Invoice Date and click on Populate Defaults, but Cenvat credit not taken by system
- The Item is defined as Raw Material India, Modvatable - Yes, Excisable - Yes in Item Classifiaction.
- The Inventory Orgainsation is excisable Org
- Supplier Addition Information is completed.
- Excise Taxes are Recoverable and in Recoverable Flag is enabled in MRN Taxes.
- Now MRN is not available in form "Modvat on Receipt - India"
- Due to this Receiving Inventory A/c has Debit Balance that should be credited on Cenvat Credit
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