Setup Requirements for Offsetting Cenvat Credit Against Excise Tax

This table lists the tax setup requirements for offsetting cenvat credit against excise tax:

Setup Requirement	Comments
Set up the excise unit and the branch/plant relationship.	You use the Excise Unit Branch Plant Cross Reference program (P75I304) to create a relationship between an excise unit and a business unit.
Update the debit amount with AR information and the credit amount with AP information.	Update the debit amount with AR information and the credit amount with AP information at the recovery moment for the services in the Service Tax Cenvat table (F75I750).
Complete the O2C and P2P cycles for excise and service taxes.	See Setup Requirements for Excise Tax for P2P and O2C Cycles.
Set up the credit distribution percentage.	You use the Credit Distribution Percentage program (P75I011) to set up credit distribution percentage.
Offset cenvat credit for excise and services against excise tax.	You use the Credit Distribution program (P75I012) to offset Cenvat credit for excise and services against the excise tax.