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sbc tax @0.5%

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Querist : Anonymous

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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
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CA R SEETHARAMAN

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

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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
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CA R SEETHARAMAN

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

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Querist : Anonymous (Querist)
07 December 2015 Thanks very much sir
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