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Accounting entry under sb cess

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(Querist)
18 November 2015 I have Question Regarding Accounting Entry under SB Cess


Example:-

1. Services Provider Raise Invoice for Rent:-

Rent 1000 Cr.
S. Tax 14% 140 Cr.
SB Cess 0.5% 5 Cr.

Party ( Service Receiver) A/c 1145 Dr.


2. As Services Receiver, We have Received Invoice, then Accounting ( if Cenvat Credit Not Available on SB Cess)

Rent Exp. 1000 Dr.
Cenvat Credit on S. tax 140 Dr.
? ( head of Voucher) 5 Dr.

TDS Payable ? Cr.
Party ( Service Provider) ? Cr.
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
18 November 2015 Debit SB Cess a/c and
Rent and SB cess will be carried to P & l a/c
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pramod

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pramod (Querist)
18 November 2015
Dear Sir,

SB Cess Under Expense or Duty

pls reply




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