ACCOUNTING ENTRIES FOR - CENVAT CREDIT AND PLA
This query is : Resolved
04 July 2008
can any one give me list of accounting entires for cenavt & PLA entires
04 June 2009
1- Purchases excisable goods -
Purchase a/c dr
Modvat a/c dr
To Supplier
2- Sales excisable goods -
Party a/c dr
To sales
To excise duty payable
3-Duty Deposit in PLA
PLA a/c dr
To Bank
4- Duty Adjustment
Excise duty payable a/c dr
To Modvat
To PLA
Purchase a/c dr
Modvat a/c dr
To Supplier
2- Sales excisable goods -
Party a/c dr
To sales
To excise duty payable
3-Duty Deposit in PLA
PLA a/c dr
To Bank
4- Duty Adjustment
Excise duty payable a/c dr
To Modvat
To PLA
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