System using CENVAT Payable A/C. Instead of CENVAT Receivable.

Question

Dear All,
         When I am using A/P Credit Memo functionality to reverse the A/P Invoice on Excisable Goods, System creating automatic Outgoing Excise Invoice to reverse CENVAT A/C.
         In this transaction at the time of Incoming Excise Invoice creation system posting Debit to CENVAT Receivable A/C., And at the time of Outgoing Excise Invoice system giving reverse effect to CENVAT Payable A/C.  
         Can we use Same Receivable A/C for reversal ?
         I am using SAP B 2007 B PL 08
Thanks & Regards,
Siddique Shaikh.

Answer 1

hi shaik,
Problem can be solved by defining same a/p tax account for a/r tax account for tax components defined in a tax code,
eventhough system automatically creates OEI while adding ap credit memo,
it will give necessary JE G/L effect.
Create seperate tax codes for sales & purchase with prefix S & P.
Test it in a demo database,before applying in live DB.
Jeyakanthan