sbc tax @0.5%

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2015
Hi sir,

This is prashanth kumar R .. i m workinng as a/c executive

I hv query about 0.5% tax . could be take cenvat credit ?

if not ..tel me wt is transaction intally

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 December 2015 No cenvat credit can be taken on 0.5% tax. Charge it as expenses.

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2015 thanks sir

I just pass security entry in my tally...

Securty chage 9,500 Dr

ST On 14 % 1,330 Dr

SBC @ 0.5% 48 Dr

TDS On party 190 cr

Party name 10,688 cr

is it right entry sir

plz tel me sir

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 December 2015 Yes it is OK.........

Querist : Anonymous

Querist : Anonymous (Querist)

07 December 2015 Thanks very much sir

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