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MODVAT

What is the Different between CENVAT & MODVAT?

An excise tax in India is levied on the manufacturer of goods when those goods leave the place of manufacture. Formerly called the Central Excise Duty, this tax is now known as the Central Value Added Tax (CENVAT). Manufacturers may … Read More

Excise invoice in SAP

What is Excise invoice in SAP?

Excise invoice in SAP : A business document that is issued by your vendor to accompany any goods that it sends you. It stipulates how much excise duty has been paid on the goods.You can capture and post excise invoices … Read More