When a Unit is registered as an LTU, and during any of the previous returns if the CENVAT credit was due to an arithmetical error or a typographical error shown as utilized then during the return period when it is identified, to that extent of amount can be shown as credit as per Rule 12BB of Central Excise Rules, 2002 the transaction recorded for availing this credit should be identified.
To record the adjustment entry
1. Go to Gateway of Tally > Accounting Vouchers > F7: Journal .
2. Click J : Stat Adjustment .
3. Press Enter .
4. Debit the ledger required.
5. Credit the ledger required.
6. Press Enter .
The completed adjustment entry appears as shown below:
7. Press Enter to save.
'Recording Availment of Credit Under Rule 12BB (Excise for Manufacturer)' has been shared with