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Financials for India - EBS (MOSC)

Rel. 12.1.3 : CENVAT Claim on Capital Items

Sep 10, 2014 3:33AM in Financials for India - EBS (MOSC) Question

All,

We do not mantain Inventory for Capital Item and no inventory items are defined. They are received as Expense items.

Is there a way to claim cenvat credit on Purchase Receipts with item type as 'Expense'.

How do we claim CENVAT Credit for such transactions. Is defining an Item a mandatory step for CENVAT Claim?

regards,

tilak

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